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August, 30, 2016

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Business > Africa
Mogadishu sees housing boom after decades of war
Somalia's elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu was dubbed the most dangerous city in the world.
 
Morocco postponed without explanation the inauguration of Noor-1, a solar power plant due to open Sunday in Ouarzazate, part of what will eventually be the world's largest solar power production facility.
 
Zimbabwe loosened Thursday the terms of a controversial law that forces foreign companies to cede a majority stake to local investors, signaling an attempt to shore up the country's moribund economy.
 
Nigerian President Muhammadu Buhari unveiled Tuesday a budget that triples investment spending in a bid to stimulate growth and lower the dependence of Africa's largest economy on oil.
 
South Africa's newly reappointed finance minister on Monday ordered state-owned airline SAA to conclude a deal with Airbus to lease five A330 wide-body planes, after weeks of turbulence at the troubled carrier.
 
"There'll be no festive season," grumbles a greengrocer in Maputo, the capital of Mozambique, where the economy has taken a nosedive and the local currency has hit a historic low against the American dollar.
 
War-torn Afghanistan and Ebola-ravaged Liberia are set to join the World Trade Organization (WTO) as it holds its first ministerial conference in Africa, opening Tuesday in the Kenyan capital Nairobi.
 
People with African-American sounding names are discriminated against when trying to get a room on Airbnb, a Harvard study says, suggesting many who use the website fail to share its vision of a "trusted community."
 
South Africa's rand slumped to record lows for a second day on Friday as the country's economic prospects darkened over President Jacob Zuma's firing of the respected finance minister.
 
Haiti needs debate about risks of gold mining: advocates
Haiti risks human rights violations and increased environmental degradation if gold mining proceeds in the impoverished country without an informed population and a strong system of safeguards in place, according to a report issued Monday by U.S. legal experts.
 
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