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Africa Finance Corporation Identifies $4 Trillion in Domestic Capital for Infrastructure Development
2 days ago |
furtherafrica.com | Eric Gacuruzwa
The Africa Finance Corporation (AFC) has revealed that up to $4 trillion in capital is available within the African continent—an untapped resource that could be strategically mobilised to address the continent’s vast infrastructure deficit. The announcement underscores the urgency of shifting focus from external financing towards harnessing local capital for sustainable development.
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2 days ago |
furtherafrica.com | Liya Bekele
The United States has reiterated its strong support for Ethiopia’s pursuit of maritime access, affirming a shared commitment to peaceful and diplomatic avenues that promote regional cooperation and economic integration. In an exclusive interview with the Ethiopian News Agency (ENA), U.S. Ambassador to Ethiopia Ervin Massinga recognised Ethiopia’s legitimate aspiration to secure access to the sea—an essential factor for a country of its size, economic ambition, and growing regional role.
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2 days ago |
furtherafrica.com | Liya Bekele
Angola has amended over 20 articles of its Tax Benefits Code (CBF) as part of a broader effort to modernise its fiscal framework and align with recent tax reforms. The revisions are also in preparation for the forthcoming unified income tax system, which aims to streamline taxation for both individuals and businesses. The updated CBF reflects Angola’s continued push towards greater tax transparency, efficiency, and harmonisation, in line with international best practices.
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2 days ago |
furtherafrica.com | Eric Gacuruzwa
Abu Dhabi-based International Resources Holding (IRH) has acquired a controlling 56% stake in Alphamin Resources, the company behind the Bisie tin mine in the eastern Democratic Republic of Congo (DRC). The $367 million deal not only cements IRH’s influence over one of the world’s highest-grade tin operations but also grants it offtake rights—allowing the firm to trade a portion of the mine’s production on global markets.
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3 days ago |
furtherafrica.com | Liya Bekele
Ethiopia is making major advances in the application of artificial intelligence (AI), with transformative projects underway in healthcare, education, and agriculture. At the forefront is a pioneering initiative for early cancer detection, led by the Ethiopian Artificial Intelligence Institute.
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