China leads as largest investor in Nigeria, other African countries’ infrastructure

State-run development finance is behind 80 percent of infrastructure funding in Nigeria and other African countries with China heading the list of investors, according to a report. Despite steady growth in private sector funding in the past decade, the grip of the public sector could tighten further, with the Export-Import Bank of China having pledged More...

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By hallmarknews On Monday, September 21st, 2015
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‘Afreximbank needs increased capital to remain relevant’

The outgoing president of Afreximbank, Mr Jean-Louis Ekra, on Monday said that the bank needed more capitalisation to remain relevant to African needs. Ekra, who made the observation at a valedictory speech in Cairo, More...

By hallmarknews On Tuesday, September 1st, 2015
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AfDB chief Adesina to focus on powering Africa

The African Development Bank (AfDB) will focus in coming years on tackling Africa’s chronic power shortages to try to unlock its economic potential and end its vulnerability to fluctuations in commodity prices, More...

By hallmarknews On Wednesday, August 12th, 2015
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IEA sees oil glut persisting in 2016, despite soaring demand

The International Energy Agency (IEA) says it does not see an immediate rebound in low oil prices, despite its growing global demand. The agency in its report on Wednesday said that global oversupply was so great More...

By hallmarknews On Monday, June 29th, 2015
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Hong Kong rejects Jetstar bid to start local airline

Hong Kong authorities have rejected an application by Qantas-backed Australian budget carrier Jetstar to set up a local airline, after nearly two years of deliberation. The regulator said the bid did not comply More...

By hallmarknews On Wednesday, May 20th, 2015
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A pipeline ruptured on the California coastline and leaked 21,000 gallons of oil into the ocean

LOS ANGELES (Reuters) – A pipeline ruptured along the scenic California coastline on Tuesday, spilling some 21,000 gallons (79,000 liters) of oil into the ocean and on beaches before it could be secured, More...

By hallmarknews On Tuesday, May 19th, 2015
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Intel, Altera resume deal talks: NY Post

A man shakes hands with a robotic prosthetic hand in the Intel booth at the International Consumer Electronics show (CES) in Las Vegas, Nevada Chipmakers Intel Corp and Altera Corp have resumed talks on a possible More...