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Sierra Leone to sell 709-carat diamond in New York auction

Sierra Leone said on Tuesday it plans to auction off a massive 709-carat diamond at a December sale in New York, aiming to make a clean break with the “blood diamonds” of its past. The stone, which was unearthed in March, is the largest discovered in Sierra Leone in almost …

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Gabon unveils $ 300 million port harbour

Gabon on Saturday officially inaugurated a new port harbour. The project is part of a plan to modernize the existing Port of Owendo located near the capital Libreville. It took 18 months to complete at an estimated cost of $ 300 million. The port was constructed in partnership with Olam …

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World’s ‘Most Useless Airport’ Finally Opens in St Helena

One of humanity’s most isolated outposts joined the 21st century on Saturday when the British island of St. Helena, home to “the world’s most useless airport”, welcomed its first commercial flight. As the inaugural plane from Johannesburg touched down on the forbidding volcanic outcrop in the middle of the south …

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Samsung Electronics CEO Kwon announces shock resignation as profits burst

Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. The surprise resignation of Samsung’s chip and display head came …

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Ethiopia – Djibouti electric rail starts operations in November

The Ethio-Djibouti Chinese-built electric rail line will start commercial operations early next month the Ethiopia Railways Corporation (ERC) has confirmed. In July this year, ERC announced that commencement of commercial operations was slated for October after test runs began in May. The new date of November 8 is thus a month’s extension on the …

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Morocco prepares to test Africa’s fastest train, targeting 320kph

Engineers in Morocco are preparing to test Africa’s first high-speed railway this week with trains reaching 320 kilometers per hour, the country’s rail office said Monday. One train reached 275 kph on Monday along a stretch of track between the northern cities of Kenitra and Tangiers. Speaking during a visit …

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