Nigeria:Govt, States’ Domestic Debt Now U.S.$43 Billion

[Leadership] Total debt obligation of Nigeria at both the state and federal level as at June 30, 2018 released by the National Bureau of Statistics (NBS) yesterday showed that the country’s foreign and domestic debts stood at $22.08 billion and N15.63 trillion respectively. The NBS in the Nigeria Domestic and Foreign Debt data released yesterday said total domestic borrowing by states represented N3.48 trillion, of which Lagos accounted for 14.88 per cent of the total domestic debt, while Anambra had the least debt in

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Botswana:President Speaks on Slaughter of About 90 Elephants

[Botswana Daily News] Gaborone -President Mokgweetsi Masisi has shot down claims of a widely reported story last week linking the alleged mass slaughtering of close to 90 elephants with the disarmament of the Department of Wildlife and National Parks (DNWP) Anti-poaching Unit.

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South Africa:Economy Slips into Technical Recession as GDP Drops

[Statistics South Africa] The South African economy slipped into recession during the second quarter of 2018, shrinking by 0,7% quarter-on-quarter (seasonally adjusted and annualised). This followed a revised 2,6% contraction in the first quarter of 2018.

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Africa:South African President Rejects Claims of Chinese ‘Colonialism’

[Focac] Beijing -South African President Cyril Ramaphosa on Monday dismissed allegations of China practicing colonialism in Africa, saying China instead has been a partner in boosting social and economic development on the continent.

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