Tuesday 12 December 2017
(AFP (eng) 11/24/17)
Ivory Coast has got its first 100-percent digital car insurance with the launch of an online service seeking to make headway in a country where only 20 to 30 percent of drivers are insured. Baloon, the subsidiary of a French startup, offers drivers coverage via their mobile phones or through the internet "in three minutes", said founder Bertrand Vialle as the service launched on Thursday night. "They take three pictures with their mobile phones (driver's license, identification card, registration card), choose their options and pay with mobile money. And that's it. You're insured."
(Bloomberg 11/17/17)
Ivory Coast, the world’s top cocoa producer, plans to legalize farming on almost 5 million acres (2 million hectares) of protected reserves to help balance the rebuilding of forests with output of its most important export. Unauthorized farming has destroyed three-quarters of 66 identified reserves and the government wants to reclassify these areas as “protected agroforests” where existing farming may continue while new trees are planted, according to a Forestry Ministry document obtained by Bloomberg. The reclassified forests would remain the property of the government, which said it aims to recover half of the areas and intensify farming, without giving any deadline. The nation has one of the highest deforestation rates in Africa, losing 80 percent of its forests since...
(Reuters (Eng) 11/14/17)
KIGALI (Reuters) - The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and caused chronic dollar shortages and immense pressure on local currencies. The fiscal slump has meant governments have not allowed foreign airlines to...
(Reuters (Eng) 10/31/17)
ABIDJAN (Reuters) - High temperatures and light rain helped the start of the cocoa crop in the world’s top exporter Ivory Coast last week after heavy rains in recent months, farmers said on Monday. The dry season runs from mid-November to March, ahead of which farmers say they need rain to maintain soil moisture and boost yields. “If the dry season is not too strong and we have good rain in November, the beans will be big and of good...
(Reuters (Eng) 10/31/17)
HARARE (Reuters) - Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South African are the biggest economies in Africa south of the Sahara, but both nations have been clouded by political uncertainty linked to the tenure of their leaders. The IMF said a...
(Reuters (Eng) 10/25/17)
ABIDJAN (Reuters) - Brown rot disease will reduce the size of the cocoa harvest in Ivory Coast, farmers said on Wednesday. Harvesting for the October-to-March main crop officially started on Oct.1, but heavy rainfall in parts of the primary cocoa-growing regions has caused the spread of disease. Farmers said brown rot is damaging an increasing number of pods in the southwestern region of Soubre, the western region of Man and the center-western region of Daloa. “Because of brown rot I...
(AFP (eng) 10/24/17)
The 15-nation West African bloc ECOWAS told regional leaders Tuesday that the goal of establishing a single currency among their economies in 2020 had failed. "The roadmap has not been implemented vigorously," Marcel de Souza, president of the ECOWAS Commission, told a summit in Niamey, the capital of Niger. "We cannot move to the single currency in 2020," he said.
(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008...
(APA 10/16/17)
APA - Jacqueville (Cote d’Ivoire) - Meeting in the Ivorian city of Jacqueville, Stakeholders in the agricultural sector, on Saturday, presented agriculture development programs aimed at easing the illegal migration crisis. The presentation took place about 50 km west of the capital city Abidjan, where the 37th edition of World Food Day was celebrated around the theme, “Changing the future of migration: investing in food security and rural development.” According to the Ivorian Minister of Agriculture and Rural Development, Mamadou Sangafowa Coulibaly, “agriculture must help alleviate this phenomenon” of migration hence his advocacy for more means for its development.
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...
(Reuters (Eng) 10/05/17)
NAIROBI (Reuters) - Hilton Worldwide Holdings Inc. (HLT.N) plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent. One property will open in the Kenyan capital Nairobi by the end of this year and another in the Rwandan capital Kigali in 2018, it said in a statement. There was 11 percent growth in...
(AFP (eng) 10/01/17)
Ivory Coast, the world's top cocoa grower, on Sunday set its minimum rate for farmers at 700 CFA francs per kilo for the 2017-18 crop, a steep drop over the previous year, due to falling global prices. Although production increased 28.5 percent to a record 2.15 million tonnes in the 2016-17 season, world cocoa prices have fallen by more than a third. The minimum price guaranteed to farmers was 1,100 CFA francs (1.68 euros, about $1) per kilo at the...
(AFP (eng) 09/29/17)
Government shutdowns of the internet have cost sub-Saharan Africa about $237 million since 2015, according to a study released Friday, as authorities increasingly implement planned disruptions. At least 12 countries have had internet shutdowns, often before elections or when protests erupt, with mobile internet networks most recently suspended in Togo during opposition demonstrations. "Internet disruptions, however short-lived, undermine economic growth, disrupt the delivery of critical services, erode business confidence, and raise a country’s risk profile," the CIPESA report said. The Collaboration on International ICT Policy for East and Southern Africa (CIPESA) released its...
(Bloomberg 09/28/17)
Ivory Coast President Alassane Ouattara will propose to his counterpart in Ghana that the two neighboring countries and world’s biggest cocoa producers narrow a gap in producer prices to discourage smuggling of beans, according to a person familiar with the matter. Ouattara will call Ghanaian President Nana Akufo-Addo on Thursday before Ivory Coast announces a new minimum price for cocoa purchases on Oct. 1, said the person, who asked not to be identified because he’s not authorized to speak about...
(Dw-World 09/27/17)
After an international maritime court backed Ghana in a dispute with Ivory Coast over claims to oil fields in the Gulf of Guinea, Ghanaians hope they will profit from the country's oil wealth. Isaac Kaledzi reports. Ghana and neighboring Ivory Coast have been arguing over who owns which oil field in the Gulf of Guinea for years. On Saturday, the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled Ghana did not violate maritime borders by conducting oil...
(Bloomberg 09/27/17)
Studio 189, a label founded by actress Rosario Dawson and fashion executive Abrima Erwiah, is reinvesting in its African roots. It’s hard enough to build a fashion brand, let alone an empire. Rare is the person who makes a mission of using fashion to build communities. Such is the case with Studio 189, a label founded by longtime friends Abrima Erwiah (formerly a marketing executive at Bottega Veneta) and Rosario Dawson (an enduring star most recently seen in Netflix’s Marvel...
(Reuters (Eng) 09/26/17)
Cocoa arrivals at Ivory Coast ports had hit around 2 million tons by September 24 since the start of the season on Oct. 1, the largest cocoa harvest ever seen in the world’s top grower, exporters estimated on Monday. The figure was up by about a third from about 1.5 million tons in the same period of the previous season and breaks a world record for a single year’s harvest from any cocoa exporting country. Exporters estimated that around 4,000...
(Reuters (Eng) 09/26/17)
Farmers earn so little from coffee that many are likely to abandon their trees, endangering future supplies at a time of surging demand, the head of the International Coffee Organization (ICO) said on Monday. Jose Sette, executive director of the intergovernmental body, said farmers’ low earnings in many countries were depressing supply even as demand grows around 2 percent annually on the back of rising consumption in emerging markets. “If farmers are not well remunerated and encouraged to plant coffee,...
(Reuters (Eng) 09/26/17)
Israel’s Elbit Systems Ltd said on Tuesday it won a contract worth $240 million to provide a wide array of defense electronic systems to an unnamed country in Africa. The contract, which will be carried out over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder fired missiles, based on passive infrared systems, and includes missile warning systems, radio and communication systems, land systems, mini-unmanned air systems and helicopters upgrade.

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