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Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine debt fund manager, announced today that it has fully exited its investment in Thebe Timrite (“Timrite”), a leading black-controlled supplier of mining support products and services in South Africa. Vantage provided an R89m ($6,3m) mezzanine debt facility to fund
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Today, Advisor to the President Ivanka Trump and USAID Administrator Mark Green met with businesswomen in the coffee industry at Dumerso Coffee in Addis Ababa to discuss the opportunities and challenges women entrepreneurs face in Ethiopia. During the meeting, Ms. Trump expressed United States’ support for improving the opportunities for
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Continuing its ongoing support to Egypt’s educational sector, the U.S. Embassy, in partnership with the Ministry of Higher Education and Scientific Research and AMIDEAST, welcomes to Egypt this week a delegation of senior university administrators from the United States. This visit is connecting American universities to the Ministry’
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In coordination with the Federal Government of Somalia’s continued efforts to degrade al-Shabaab, U.S. Africa Command conducted an airstrike in the vicinity of Garowle, Lower Shabelle Region, Somalia, on April 11, 2019. Airstrikes are one part of the U.S. strategy to support Somali forces in their commitment
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Minister Kenneth Ofori-Atta, Chairman of the African Caucus, and Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), co-chaired the African Consultative Group meeting today at the IMF Headquarters. [1](file:///Q:/COM/MR/Press%20Releases/2019/PR19116%20-%20African%20Consultative%20Group%20Meeting%20Statement%20by%20the%20Chairman%20of%
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Rugby Africa President, Khaled Babbou has notified Unions on the decision of Rugby Africa EXCO to cancel this year’s Silver Cup due to hold at the Lagos Polo Club, Ikoyi in Lagos Nigeria. The Silver Cup Pool A was scheduled to be played between Nigeria, Ghana, Madagascar and Botswana
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On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for
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More than 3,500 children, most of whom were aged 13 to 17, were recruited by non-state armed groups between 2013 and 2017 and have been used in the ongoing armed conflict in northeast Nigeria – UNICEF said today ahead of the fifth anniversary of the Chibok abduction. The UN children’
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Farmers in areas left devastated by [Tropical Cyclone Idai](http://www.fao.org/emergencies/crisis/cycloneidai/en/) in Mozambique have started to receive much-needed agricultural inputs thanks to a joint effort by the Food and Agriculture Organization of the United Nations (FAO) and Mozambique’s Ministry of Agriculture and Food
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Overview of Key Developments: Over a week into the eruption of clashes in Tripoli, displacement numbers appear to be rapidly increasing and a significant number of families who require evacuations cannot be reached: 9,500+ individuals have been displaced since the onset of fighting. This includes the movement of some
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The following is attributable to Acting Spokesperson Tom Babington: On April 11, U.S. Agency for International Development (USAID) Administrator Mark Green met with the President of the Central African Republic (CAR), the Honorable Faustin-Archange Touadera. The Administrator expressed hope that the February 2019 Peace Agreement will provide a path
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The African Development Bank (AfDB) is a key institution that plays a critical role in the growth and development of Africa. The Government of Canada is a long-standing partner in delivering on shared objectives alongside the AfDB. The Honourable Maryam Monsef, Minister of International Development and Minister for Women and