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Ghana: Government Acquires U.S.53.3 million to Boost Fisheries Subsector
The World Banks Board of Executive Directors has approved a total investment cost estimated at US53.8 million, of which IDA will finance US50.3 million and US3.5 million is being financed by a grant from the Global Environmental Facility [detalii...]
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Kenya: Sh643 million Illegal Drugs Impounded
Some 2.4 million illegal and potentially harmful medicines worth 6.3 million (Sh643 million) have been seized in a week-long internet [detalii...]
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West Africa: Ten million Face Hunger in Region
Over 10 million people are at risk of hunger in the Sahel before the September harvests, according to the Food and Agriculture Organizations (FAO). In Niger, about half of the 13.4 million inhabitants are facing hunger. Up to two million Chadians and hundreds of thousands of Mauritanians and Malians also need [detalii...]
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Namibia: Development Bank Feels Pinch of Rate Cuts
THE Development Bank of Namibia (DBN) saw its loan book double from N375 million in 2008 to N721,3 million last year and its asset base grew to N1 billion, but its profits dropped slightly by 12,3 million to 37,6 million due to lending rates going down [detalii...]
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Nigeria: 63 million Citizens Not Properly Housed - CBN
The CBN has said that out of 150 million Nigerians about 63 million people are not living in proper houses due to under-development witnessed in the housing [detalii...]
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US Open Base Prize Money Tops Record 22.6 million
The USTA today announced that the 2010 US Open purse will top 22.6 million, an increase of 1 million over last years record purse, and the richest purse in tennis history. In addition to the base purse of 22.6 million, the top three mens and top three womens finishers in the Olympus US Open Series may earn up to an additional 2.6 million in bonus prize money at the US Open, providing a potential total payout of 25.2 million. [[More Tennis News on [detalii...]
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Niger: Agencies Call for 190 million to Stem Crisis
Aid agencies are asking donors for US133 million to help the government feed millions of people at risk of going hungry, adding to 57 million already received or [detalii...]
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Kenya: New Rules to Help SMEs List At the Bourse
Small and medium-sized enterprises will need to have a maximum asset base of Sh10 million to list at the Nairobi Stock Exchange, down from between Sh20 million and Sh100 [detalii...]
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Sierra Leone: IMF Executive Board Approves U.S.6.83 million Disbursement
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Sierra Leones economic performance under a program supported by an Extended Credit Facility (ECF) arrangement. The completion of the review enables the immediate disbursement of an amount equivalent to SDR 4.44 million (about US6.83 million), bringing total disbursements under the arrangement to SDR 8.88 million (about US13.67 [detalii...]
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Kenya: Yes Wins With Over 6 million Votes
The Yes camp was leading with slightly more than 6 million votes while the No side had 2.7 million votes on Thursday [detalii...]
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Zimbabwe: Tourism Rakes in U.S. 350 million
THE tourism sector has raked in over US350 million in the first half of the year and is projected to surpass the target of three million tourist arrivals before [detalii...]
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Nigeria: INEC Registers 7.5 million Voters in Adamawa,Bauchi, Borno, Plateau
Voter registration for the April poll finally ended on Monday, with even the three troubled states of Bauchi, Borno, and Plateau turning up 5.8 million registrants, and Adamawa producing 1.7 million, making a total 7.5 million, a figure not too wide off the mark set by the Independent National Electoral Commission [detalii...]
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Record Prize Money For Australian Open
Rafael Nadal could pick up A2.2 million (2.11 million) if he wins the 2011 Australian Open in January. Tennis Australia announced Tuesday it would offer a record A25 million (24.2 million) in prize money, up 3.8 per cent on the previous year. [[More Tennis News on [detalii...]
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Zimbabwe: TN Projects U.S.50 million Revenue
TN Financial Holdings has projected revenue to rise by 60 percent to US50 million by December from US20 million in June driven by demand for manufactured products and increased access to its banking [detalii...]
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Kenya: Standard Chartered Nairobi Marathon Raises Sh46 million
This years edition of the Standard Charted Marathon yesterday received a major boost with 17 sponsors pledging Sh46 million towards the October 30 race. Capital Group and Kenya Data Networks are this years Platinum sponsors with a Sh9.2 million and Sh7.1 million [detalii...]
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West Africa: Support to Fill Connectivity Gaps in the Gambia, Guinea And Burkina Faso
The Board of Executive Directors of the World Bank approved today three projects totaling US92 million to boost ICT infrastructure and access to better services in three African countries. Burkina Faso, Guinea and The Gambia received grants of US23 million, US 34 million and US35 million respectively, as part of a US300 million West Africa Regional Communications Infrastructure Program (WARCIP) as endorsed by the Board on January 20, [detalii...]
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Zimbabwe: U.S.5 million for Revival By Bright Madera
THE Bankers Association of Zimbabwe says only US5 million has so far been disbursed under the US70 million Zimbabwe Economic and Trade Revival Facility and the low uptake is due to the cumbersome approval [detalii...]
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Kenya: Two Suspects in Sh200 million Heroin Bailed
Two suspects charged with trafficking heroin worth Sh204 million were yesterday released on a Sh5 million cash bail. Nairobi chief magistrate Gilbert Mutembei ordered Yusuf Hassan Ibrahim and Hasan Ibrahim, two Kenyans facing charges alongside four others for trafficking in 102 kilos of heroin to pay Sh5 million for their [detalii...]
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Southern Africa: Securing Safe Water for a million More
Long years of armed conflict have obstructed development in the areas on either side of the Angola-Namibia border. Now a 45 million dollar infrastructure upgrade is set to improve access to clean drinking water and decent sanitation for one million [detalii...]
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Rwanda: Rubavu to Exceed Last Years Revenues By Rwf140 million
Rubavu District envisages an increase in revenue collection from last years Rwf 776 million to Rwf 916 million this [detalii...]
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Zimbabwe: Govt, Donors Unveil U.S.18 million Materials for Schools
GOVERNMENT and donors yesterday unveiled seven million textbooks and learning materials for secondary schools worth US18 million under the Education Transition [detalii...]
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Nigeria: 129 million Locals Cannot Afford to Own Houses
About 129 million Nigerians, representing 86 percent of the estimated 150 million populace, cannot afford to own their own houses based on their regular [detalii...]
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Yanks face 18M luxury tax -- lowest since 2003
NEW YORK (AP) -- The New York Yankees lowered spending on players by 12 million this year, cutting payroll by 5 million and slashing their major league-leading luxury tax by more than 7 [detalii...]
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Zimbabwe: 42 million AICO Shares Change Hands
A block of 42 million AICO Africa Limited shares worth US10 million were sold on the market yesterday at US24c in one of the Zimbabwe Stock Exchanges biggest deals since [detalii...]
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Fernando Alonsos thumbs worth 10 million euros
Madrid - The thumbs of Spanish Formula 1 driver Fernando Alonso have been insured for 10 million euros (around 13.3 million [detalii...]
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Kenya: Draft Rules Set the Stage for Regional Corporate Bonds
East African companies that plan to sell corporate bonds in neighbouring member states will be required to have a minimum capital base of Sh76.5 million (850,000) and net assets of Sh153 million (1.7 [detalii...]
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Kenya: Demand for Condoms Doubles to 15 million
Demand for condoms has doubled from seven million to 15 million in the past [detalii...]
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Nigeria: Cornerstone Earns N4 Billion, Returns to Profitability
Cornerstone Insurance plc has reversed the loss positions of the previous two years as its profit before tax moved from a loss of N488.9 million in 2009 to N482 million in 2010, while its profit after tax moved from a loss of N442 million in 2009 to N399 million in [detalii...]
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Source: Donovan McNabb due just 3.75M if cut after 10
Donovan McNabbs five-year extension is worth 70 million and can get to 78.5 million if he is on the active roster for every game in those five seasons. The deals maximum value is 88.5 million if McNabb leads his team to a Super Bowl win every [detalii...]
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Africa: GAVI Alliance set to save four million lives by 2015
More than 240 million additional children will be immunised in the next five years saving four million lives, but only if the GAVI Alliance receives the funds required to accelerate the introduction of new and under-used vaccines in the developing [detalii...]
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Africa: How Many Species on Earth? 8.7 million, Says New Study
Eight million seven hundred thousand (give or take 1.3 million) is the latest estimated total number of species on Earth and the most precise calculation ever offered, according to a new study co-authored by a researcher with the United Nations Environment Programme [detalii...]
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Zimbabwe: CBZ Profits Surge to U.S. 13,6 million
CBZ Holdings Limited, the countrys biggest banking group by deposits and market share, on Tuesday announced a 114 percent jump in profits to US13,6 million for the interim period ended June 2011 compared to US6,4 million last [detalii...]
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Mali: IMF Executive Board Completes Sixth Review Under Extended Credit Facility for Nation, Approves a U.S.40 million Augmentation and U.S.33.7 Disbursement
The Executive Board of the International Monetary Fund (IMF) today completed the sixth review of Malis performance under the economic program supported by the Extended Credit Facility, approved an augmentation of access in an amount equivalent to SDR 25 million (about US40 million; or 27 percent of quota) to cushion the impact of the crises in Cote dIvoire and Libya, and approved the modification of performance criteria. The completion of the review enables the immediate disbursement of an amount equivalent to SDR 21 million (US33.7 million), bringing total disbursements under the program to an amount equivalent to SDR 46.99 million (US75.3 [detalii...]
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Africa: Global Coffee Demand to Hit 136 million Tonnes By 2012
The demand for coffee and coffee products worldwide is expected to reach 136 million tons this year from the 134 million it was in 2010, sector analysts have [detalii...]
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Wimbledon champs to earn 1 million pounds each
WIMBLEDON, England (AP) -- The winners of the mens and womens singles titles at this years Wimbledon tennis tournament will each earn a record 1 million pounds (1.54 [detalii...]
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Togo: IMF approves US22 million disbursement
The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Togos economic performance under a program supported by the three-year arrangement under the Extended Credit Facility (ECF). The Executive Board approved a request for a modification of a performance criterion related to net domestic financing and an extension of the program to end-August 2011. Completion of the review enables the immediate disbursement of an amount equivalent to SDR 14.3 million (about US22 million), bringing total disbursements under the arrangement to SDR 86.61 million (about US133.24 [detalii...]
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South Africa: Population Rises to 50.59 million
The South African mid-year population rose to 50.59 million, up from 49.99 million in 2010, Statistics South Africa (Stats SA) said on [detalii...]
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Nigeria: Cassava - FG Targets 51 million Tonnes By 2015 - Adesina
The federal government plans to increase cassava production in the country from 34 million tonnes to 51 million tonnes by [detalii...]
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Zambia: Good Policy Reform Earns Zambia 48 million ADB Fund
THE African Development Bank (AfDB) has given Zambia an increased amount of K245 billion (US48.89 million) from the original pledge of US36.58 million Budget support concession loan because of a highly improved economic policy and institutional [detalii...]
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Nigeria: 2010 - Alcohol, Drugs Killed 2.5 million Users
A consultant in the Department of Psychiatry, University Teaching Hospital (UTC), Ado Ekiti, Dr L.O. Oluwole, has said that about 2.5 million people died of alcohol and other dangerous drugs out of 190 million estimated consumers of the dangerous drugs last [detalii...]
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East Africa: Over 8 million in Need of Food Aid - UN
The number of people in need of emergency food aid in East Africa has increased by 2 million to nearly 8.4 million as drought continues to ravage the region, the United Nations humanitarian arm reported [detalii...]
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Zimbabwe: Edgars to Roll Out Stores After U.S.1,5 million Profit
CLOTHING retailer, Edgars Ltd, expects to roll out an additional 11 stores, following a year in which the group attained a profit after tax of US1,5 million, reversing a loss of US2,1 million [detalii...]
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2011 Spring Training: Rickie Weeks, Milwaukee Brewers reportedly reach 38.5 million deal
Rickie Weeks and the Brewers have reportedly agreed to a 38.5 million, four-year contract that contains a 2015 option which could increase the value to 50 [detalii...]
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Liberia: World Bank Gives U.S.63 million Grant
The World Bank has provided US63 million (Sixty Three million United States Dollars) grant to the government of Liberia for the implementation of Employment and skills projects in the [detalii...]
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Wimbledon winners to crack million-pound prize money mark
London - Wimbledon winners will be even more in the money in July after the tournament Tuesday announced a record prize payout to mens and womens champions of one million pounds sterling (1.5 million dollars) [detalii...]
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Kenya: U.S. Spending Sh790 million on Yes Vote, Claim Anti-Abortionists
US anti-abortion activists have upped their attack on Kenyas proposed constitution, saying the Obama administration was illegally spending at least 10 million (Sh790 million) in support of the Yes vote in the August 4 [detalii...]
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Nigeria: 2. 5 million People Die of Alcohol, Cannabis Annually -Expert
Indication has emerged that 2.5 million people die of alcohol and other dangerous drugs out of 190 million estimated consumers of the drugs [detalii...]
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Jon Heyman: Fielder could be seeking to join exclusive 200 million club
Those 180 million-plus deals Joe Mauer and Mark Teixeira signed? Theyre merely starting points for Prince Fielder, who could become the next 200 million man, writes Jon [detalii...]
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Indian Wells To Award Singles Champions 1 million Each
The 2012 BNP Paribas Open has increased its total prize money more than 2 million and will now award more than 11 million in prize money to its players, the most of any non-grand slam tennis tournament in the world. [[More Tennis News on [detalii...]
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Gambia: Diabetes is a Silent Killer That Kills One Person Every 10 Seconds
Diabetes is a global problem with devastating human, social and economic impact. Today more than 250 million people worldwide are living with diabetes and by 2025; this total is expected to increase to over 380 million people. Each year another 7 million people develop [detalii...]
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Source: Buffalo Bills, C.J. Spiller agree to 5-year, 25 million deal
The Bills reached a five-year, 25 million contract with first-round pick C.J. Spiller that could escalate to 37.5 million, according to a [detalii...]
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Source: Buffalo Bills, C.J. Spiller agree to 5-year, 25 million deal
The Bills reached a five-year, 25 million contract with first-round pick C.J. Spiller that could escalate to 37.5 million, according to a [detalii...]
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Ghana: GIPC Rakes in Gh828.44 million in 2nd Quarter
Foreign Direct Investments (FDIs) inflow into Ghana for the second quarter of 2011 has recorded a significant growth of GH828.44 million, representing 92%, as compared with GH527.63 million in the first quarter of [detalii...]
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Africa: MTN Crosses 150 million Subscriber Mark
The MTN Group yesterday announced that despite increased competition, it has added about 7.4 million new subscribers, raking its subscriber base above 150 million across its 21 operations, at the moment. It described the development as a mark of great subscriber loyalty to its [detalii...]
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Uganda: Sudan Government Earmarks U.S.2 million to Fight LRA
The Southern Sudanese Parliament has allocated five million Sudanese pounds (2 million) to provide local community militia groups also known as "Arrow Boys" with weapons to fight the Lords Resistance Army (LRA). The announcement was made [detalii...]
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Kenya: Mt Kenya Varsity Launch Mushroom Project
Kenya produces about 500 tonnes of mushroom annually with a farm-gate value of Sh255 million and retail value of Sh340 million, Mt Kenya University researcher John Nderitu has said. Nderitu who is leading scientists in a project to enhance productivity, value addition and marketing of indigenous vegetables in the country said that Kenya imports about 81.5 tonnes of dried mushrooms worth Sh9.8 million and exports about 16 tonnes of mushrooms worth Sh3.9 [detalii...]
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Kenya: K4K Closes in On 100 million
The Kenyans4kenya funds drive is just a few thousands short a hundred million shillings just in less than a [detalii...]
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Tanzania: At 13m Tonnes, Tanzania is Headed for a Food Surplus
Tanzania is projected to produce more than 12.8 million tonnes of food this year -- 7.7 million tonnes cereals and 5.1 million tonne [detalii...]
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Nigeria: Govt Abandons U.S.150 million Credit Facility From Iran
The 150 million lines of credits which the Iranian government granted Nigeria have not been accessed even though Iran is willing to increase the facility to 300 million, a Nigerian government official has [detalii...]
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Rwanda: FINA Bank Posts Rwf440 million Profits in Second Quarter
FINA Bank, has posted a healthy growth in net profits in the second quarter of the year worth Rwf440 million compared to last years Rwf200 million on account of better debt recovery [detalii...]
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Nigeria: Crude Oil Production Rises to 2.6 million Barrels Daily
Nigerias crude oil production has increased from one million barrels per day in 2008 to 2. 6 million barrel per day due to the improvement in post-amnesty [detalii...]
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Kansas City Chiefs lock in Jamaal Charles with 5-year, 32.5 million deal
The Chiefs have reached agreement with running back Jamaal Charles on a five-year, 32.5 million deal that includes 13 million guaranteed, according to a league [detalii...]
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Madagascar: Supporting Urgent Biodiversity Conservation
The Board of Executive Directors approved 52 million in Additional Financing to continue supporting conservation efforts led by Madagascars independent National Parks system. The financing includes a 42 million grant from the International Development Association (IDA) and a 10 million grant from the Global Environment Facility [detalii...]
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Beckett inks four-year, 68M deal with Red Sox
Josh Beckett signed a four-year contract with the Red Sox worth 68 million on Monday. By waiting to finalize the deal after the start of the season, Boston will save a small amount on luxury tax. They appear to be right at the threshold of 170 million. For tax purposes, Becketts salary is 12 million since the extension was completed after start of season. Had it been completed earlier, his average salary would have jumped to 16 [detalii...]
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Africa: Addressing Stillbirths
Over 2.6 million babies are stillborn globally every year, but a million of these could have been prevented if mothers had received proper care during pregnancy and [detalii...]
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South Africa: R3.5 million Bursary Fund for Disadvantaged Matrics
The Vhembe District Municipality in Limpopo has set aside R3.5 million to help impoverished matriculants who want to further their [detalii...]
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Nigeria: Cement - Dangote, Cameroon Kick-Off U.S.700 million Deal
The Republic of Cameroon and Dangote Group Monday signed a 115 million Invest-ment Agreement for the construction of a composite cement production plant, which will result in the production of 1.5 million metric tonnes of cement in Douala, Cameroon [detalii...]
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Skins have out clause in McNabbs deal
LANDOVER, Md. (AP) -- Nothing is straightforward about Donovan McNabb these days. It turns out the 40 million he is supposed to be guaranteed in his new contract could turn out to be a mere 3.5 [detalii...]
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Ticket sales pass one million mark
Rugby World Cup officials have announced that over one million tickets have now been sold for the tournament that kicks off in New Zealand in [detalii...]
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Somalia: Europe Offers Somalia 35 million Euros in Aid
Europe offered 35 million euros on Tuesday to help millions of Somali people stricken by war, starvation and illness. The money was agreed by the European Unions executive commission. It is aimed at some 3.2 million Somalis estimated to need emergency assistance. The funds will be channelled into a wide range of humanitarian aid [detalii...]
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East Africa: Finland to Inject Sh264 million in Lake Basin Projects
The Lake Basin has received a grant of Sh264 million (2 million) from Finland, becoming the latest beneficiary of efforts by the East African Community to market the Lake Victoria region as an investment [detalii...]
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East Africa: Obama Approves U.S. 105 million More for Horn of Africa
President Obama has approved an additional 105 million for urgent humanitarian relief efforts across the Horn of Africa, where the United Nations estimates that more than 12.4 million people are in urgent need as a result of the regions worst drought in more than 60 [detalii...]
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Kenya: 12 million Sign Up to Vote on New Constitution
In a rush to beat the deadline, an addition 1.7 million Kenyans had enrolled as voters by Wednesday, the last day of registration before the period was [detalii...]
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Zimbabwe: Govt Seeks U.S.150 million
Government is negotiating with regional financiers to raise about US150 million in the next fiscal year to support the productive sectors of the [detalii...]
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Nigeria: CSR - Dangote Donates N60 million to Ibadan Flood Disaster Victims
PRESIDENT of the Dangote Group, Alhaji Aliko Dangote on Tuesday donated a sum of N50 million and a relief material, worth N10 million to the victims of the recent flood disaster in Ibadan, Oyo [detalii...]
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Uganda: Tourism Potential Untapped
The state of Ugandas tourism sector sparks debate on the approaches that the sector should take to finance its growth. Having shaken off most of the negative perceptions that derailed its growth until the late 1990s, the sector has recovered considerably. According to figures from the ministry of Trade and Tourism, revenue from tourism was 350 million in 2006, 450 million in 2007 and 600 million in [detalii...]
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Nigeria: EFCC Cant Access Teenagers Caught With U.S.10 million Cash at MMIA
The panel set up by Economic and Financial Crimes Commission (EFCC) to investigate the reported interception of 10 million and one million euros in cash carried by two teenagers at the Murtala Mohammed International Airport (MMIA) on Friday is yet to access the suspects days after they were transferred from Lagos to Abuja for [detalii...]
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Kenya: IMF Executive Board Completes First Review Under Extended Credit Facility for Nation
The Executive Board of the International Monetary Fund (IMF) has completed the first review under a three-year arrangement under the Extended Credit Facility (ECF) for Kenya. The completion of the review enables the disbursement of SDR 43.424 million (about US65 million), which will bring total disbursements under the arrangement to SDR 108.56 million (about US163 million). The Executive Boards decision was taken on a lapse of time [detalii...]
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Nigeria: Legend Insurance Brokers Share Capital Hits N100 million
The Chairman/CEO of Legend Associates Insurance Brokers Limited, Alhaji Abdullah O Yahya, has said that the companys share capital has reached N100 million from N5 million when the company started 10 years [detalii...]
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Mutu has to pay Chelsea 17 million euros in damages: Swiss court
Lausanne, Switzerland - Adrian Mutu must pay his former club Chelsea 17.2 million euros (20.8 million dollars) in compensation over a cocaine case as a Swiss court turned down an appeal by the Romanian [detalii...]
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Zimbabwe: BNC Gets U.S.10 million Boost
RESOURCE firm Mwana Africa has agreed to advance US10 million to its local unit Bindura Nickel Corporation to restart [detalii...]
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Nigeria: Halliburton Scandal - Govt Got Only U.S21 million
Attorney-General of the Federation (AGF) and Minister of Justice, Mr Muhammed Adoke Monday told the Senate Committee on Judiciary, Human Rights and Legal Matters that out of 180 million celebrated Halliburton scandal only 21 million was remitted to Nigerian government officials including Special Advisers to former President Olusegun Obasanjo and an aide of former Head of State, Gen. Abdulsalam [detalii...]
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Ghana: Mills Votes Gh1 million to Train Journalists
Government yesterday announced in its 2012 budget estimates that it is setting aside a whopping GH 1 million for the establishment of the Media Development [detalii...]
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Niger: Massive Funds Shortfall Forces Cuts in Food Aid
In April, the United Nations World Food Programme estimated it would need 190 million dollars to respond to a food crisis threatening more than 7 million people in Niger. By July, the WFP had revised the amount needed upwards to 371 million: a month later, the U.N. agency has been forced to scale back aid for lack of [detalii...]
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Manchester City break the £100 million barrier as they sign Yaya Toure
Manchester Citys £30 million signing of Yaya Toure takes their spending to £100 million - with more to [detalii...]
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Sierra Leone: Premier League Winner to Rake Le15 million
Lead sponsors of the Sierra Leone Premier League, Africell mobile company, has announced that the eventual winner of the 2011 league season will collect the sum of Le15 million cash while the runner-up will walk away with Le7.5 [detalii...]
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Nigeria: More Than 17 million Eligible to Vote as Jonathan Takes on Challengers
Nigerias 73.5 million voters are on Saturday expected to troop to some 120,001 polling stations across the countrys 36 states, to elect their new [detalii...]
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Zimbabwe: Govt Seeks 200 million for Fresh Polls
Zimbabwes independent electoral body says it needs US200 million to organise a referendum for the new constitution and general elections expected early next [detalii...]
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Uganda: Museveni Gives Sports Shs700 million
Athletes and footballers will have several million reasons to smile if the finance ministry fulfills a Presidential directive to avail at least Shs350m to each of the line federations in the next financial [detalii...]
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Record Prize Money For Australian Open
The 2012 Australian Open is set to offer the highest prize money in the history of Grand Slam tennis. The total prize pool will be A26 million, with the mens and womens champions taking home a record A2.3 million (US2.18 million) each. [[More Tennis News on [detalii...]
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Wimbledon purse money increases to 21.1 million
The winners of the mens and womens singles titles at this years Wimbledon tennis tournament will each earn a record 1.54 [detalii...]
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Kenya: Yes Leads By Three million Votes As Final Tally Expected
The Yes camp was leading with a difference of 3.1 million votes with results from 196 of 210 constituencies having been tallied by 7 [detalii...]
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Namibia: PWC Gives N2.4 million Bursaries
Fifteen students who excelled in Mathematics and Accounting have been awarded bursaries to the value of N2.4 million by the Price, Waterhouse and Coopers auditing [detalii...]
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Nigeria: Govt Spends 8 million to Refurbish Warship
The refurbishment of NNS Thunder F90 (formerly CGC CHASE), which was transferred to the Nigerian Navy by the United States Coast Guard on Friday has gulped about 8 [detalii...]
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Zimbabwe: TN Wins Sceptics, Expands
TN Holdings Limited has indicated that it is expanding its bank-in-a-shop concept after revenue for the six months to June 2011 leapt to US32,6 million, from US24,8 million recorded the previous [detalii...]
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West Africa: Regional Monetary Zone Gets U.S.7.8 million Grant
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on Tuesday, 9 November 2010 in Tunis, a US7.8 million (UA 5 million) grant to the West African Monetary Institute (WAMI), to cover additional cost arising from the extension of the institutes project to [detalii...]
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Zimbabwe: POSB Posts U.S.3,4 million Net Profit
THE Peoples Own Savings Bank (POSB) returned to profitability last year after posting a US1,91 million loss in [detalii...]
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Uganda: Six million Stammering Citizens
OVER six million Ugandans have speech difficulties, particularly stammering, a problem officials said affects their wellbeing and impacts negatively on the countrys economic [detalii...]
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Kenya: Three Deny Misusing IDPs Sh15 million
Three senior officials in the Special Programmes ministry were on Friday charged with misappropriating Sh14.8 million meant for buying building materials for internally displaced [detalii...]
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Reports: MLB loaned cash-poor New York Mets 25 million
Major League Baseball reportedly has given the Mets at least 20 million to deal with shortfalls as the team faces a [detalii...]