Finance

Palm oil processing underway

The palm oil processing plant on the Lake Victoria island of Bugala has commenced with operations and is expected to save Uganda $60mn a year on vegetable oil importation.

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SA provincial government and banking group cooperate in affordable housing drive

The KwaZulu-Natal provincial government in South Africa and Standard Bank Group (SBG) have agreed on a series of measures to identify and develop affordable housing projects across the province.

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Tea company enters Ethiopia

Kanan Devan Hills Plantations Company (KDHP) that owns and runs Tata Tea estates in Munnar (Kerala), is planning to go global by entering into a joint venture with a tea company in Vietnam and acquiring management control of an Ethiopian tea estate.

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Italian credit for Tunisian companies

A new Italian line of credit is set to benefit Tunisian companies; 73mn euros is earmarked for financing Tunisian and Italian SMEs with joint projects in industry, agribusiness and services.

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Working to improve Botswana's macroeconomic data

International Monetary Fund (IMF) statistical experts hhave been working with officials of the Bank of Botswana (BOB) and of the Nonbank Financial Regulatory Agency (NBFIRA) to improve the breadth and quality of data collected from the financial industry.

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