Naguib Sawiris Egyptian telecommunications mogul and one of the richest men in Africa has denied allegations of corruption made by the Italian police. 
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Royal Dutch Shell group sells share in offshore oil group to Oando plc, Nigeria’s largest indigenous energy group. 
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First Bank of Nigeria achieves a landmark in Nigerian stock market history as it becomes the first trillion Naira (US$ 6.66 billion) company. 
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Russia’s gas export monopoly Gazprom is reported to be in talks with Nigerian officials on a US$2.5 billion deal to develop natural gas reserves. 
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2008 marks the ascension of the Cape Verde to UN designated middle income country ranking, joining thirteen other African countries that have attained that ranking. 
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Standard Bank has struck a $5.6 billion deal with the world’s largest bank by capitalisation, the Industrial and Commercial Bank of China (ICBC). 
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Standard Bank, Africa’s largest banking group by assets has said it is to make an announcement that could have material effect on its shares price this week. 
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Safaricom, Kenya’s largest mobile phone operator looks set to go ahead with a multimillion dollar Initial Public Offer (IPO) of between US$450m -US$600m. 
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Nigerian Immigration officials insist the Microsoft Chairman Bill Gates, one of the richest men in the world provides proof of income for a visa to the country. 
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Two of Libya’s largest banks are to merge to form one of North Africa’s largest financial firms. 
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About 3200 workers are trapped in a gold mine in Mpumalanga after an electrical cable on a lift snapped this morning. 
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Cameroon privatises water company in deal with Moroccan firm. 
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Thousands in Soweto braved the chilly late winter weather to witness the opening of Soweto’s fourth and largest shopping mall. 
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China looks set to overtake South Africa as the world’s largest gold producer. 
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Nigeria start up airline Arik Air has ordered 15 new Boeing jets in a deal worth $1.8 billion 
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Nigeria has announces plans to revalue its currency next year and make it convertible by 2009. 
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Black gold is discovered off the Gold Coast. Oil reserves estimated to be between 300 - 600 million barrels are found off the coast of Ghana.
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The Nairobi Stock Exchange witnessed the successful debut from East Africa's first Internet IPO, AccessKenya. 
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South Africa's Vodacom goes head to head with Nigerian magnate Aliko Dangote for the control of Nigeria's MTel. 
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In an attempt to boost uranium production Niger Republic grants twenty-three mining permits to several foreign firms. 
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