Wednesday 18 October 2017
(AFP (eng) 10/17/17)
Zimbabwe has banned the importation of fruit and vegetables to save scarce foreign currency in the face of a worsening economic crisis, state media reported Tuesday. Agriculture Minister Joseph Made told The Herald that President Robert Mugabe had directed that the importation of horticultural products be stopped "as they waste much-needed foreign currency". "This means that the importation of fruit and vegetables will be stopped immediately." "The foreign currency being wasted on the importation of carrots and grapes will now be utilised towards the purchase of more fertilisers and pesticides," he said. Zimbabwe in 2009 abandoned its own currency in favour of the US dollar due to hyperinflation. But it started running out of those...
(Reuters (Eng) 10/17/17)
TUNIS (Reuters) - The number of foreign tourists in Tunisia has risen by 24 percent so far this year, official data showed, indicating that a vital industry crippled two years ago by Islamist attacks on holidaymakers is recovering. Tourism accounts for about 8 percent of Tunisia’s gross domestic product, provides thousands of jobs and is a key source of foreign currency, but has struggled since two deadly militant attacks in 2015. A total of 5.55 million foreign tourists visited the North African country between Jan. 1 and Oct. 10, compared with 4.49 million in the same period last year, according to the data sent to Reuters on Tuesday. Visits by European tourists rose by 18 percent to 1.461 million while...
(Xinhuanet 10/17/17)
Kenya's plantation union on Monday denied reports that flower farmers are relocating to Ethiopia due to frequent labor unrest in the east African nation. Kenya Plantation and Agricultural Workers Union (KPAWU) Assistant General Secretary Meshack Khisa rejected reports made by county officials as alarmist and reckless. He said that workers in the sector had the right to agitate for higher pay due to the high cost of living which had pushed up the price of basic commodities. "The governor's statements...
(Xinhuanet 10/17/17)
Data released by the national statistics agency Zimstat on Monday showed that Zimbabwe recorded a sharp rise in annual inflation for the month of September to 0.78 percent from 0.14 percent a month earlier following arbitrary price increases of most basic commodities during the month. The jump in prices, one of the highest since the country came out of deflation in March, was fueled by false social media messages that alleged impending shortages of basic commodities, leading to panic buying...
(Xinhuanet 10/17/17)
Tunisia plans to export 200,000 tons of olive oil in 2017/2018 after production more than doubled last year's harvest, the National Office of Oil of Tunisia announced on Monday. The office's chief executive officer, Chokri Bayoudh, said that Tunisia would become the world's second largest exporter of this product after Spain. During the season 2014/2015, Tunisia outperformed Spain, ranking top among world olive oil exporters. Tunisian olive oil, known for its good quality, is exported to 54 markets, particularly the...
(APA 10/16/17)
APA-Bajul-(Gambia) - At least 45 tourist flights are expected in Gambia during this year's tourist season, according to Gambia Tourism Board (GTB). The holiday makers from different parts of the world mainly from Europe and particularly United Kingdom are poised to explore the beautiful sand, sun and sea of the smiling coast of Africa known for its hospitality. Hundreds of tourists have jetted into the country since the start of October. Last week Monday the Minister of Tourism and Culture,...
(AFP (eng) 10/16/17)
Angola's new president unveiled a programme of corporate tax sweeteners on Monday intended to boost foreign investment and ease the oil-rich country's dependence on the lacklustre price of crude. "We expect to adopt tax incentives for businesses that invest in the country," President Joao Lourenco said in his first address to parliament since taking office following the August 23 vote. "Our country is in a difficult economic and financial situation due to the drop in oil prices on the international...
(Reuters (Eng) 10/16/17)
N‘DJAMENA (Thomson Reuters Foundation) - In a dusty alleyway in Chad’s capital, veiled women sell peanuts laid out on handkerchiefs and children bring home firewood on donkeys, as if from another era. But behind tall iron gates, a group of twenty-somethings, armed with laptops, business books and a red motor bike have established a digital start-up, aiming to help propel their country into the 21st century. MossoSouk (Chadian Arabic for “trade-market”), Chad’s first online store for merchants, shopkeepers and individuals...
(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 – Douala (Cameroon) - Financial transactions in Cameroon via Mobile money reached 870 billion CFA francs in 2016, APA learned from the Telecommunications Regulatory Agency (ART) on Sunday. The value of transactions between 2014 and 2016 increased from 200 billion CFA to 870 billion CFA, an increase of 670 billion CFA in two years. This amount is the result of 84 million transactions per SMS, because since 2011, the year of introduction of Mobile Money Services in Cameroon, e-money...
(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...
(APA 10/13/17)
APA-Harare (Zimbabwe) - Zimbabwe’s integrated beverage company Delta Corporation is close to finalising a deal in which it will acquire a majority stake in Zambia’s National Breweries Plc, the company announced on Friday. Delta Corporation company secretary Alex Makamure said in a notice to shareholders that the equity was being acquired from Heinrich’s Syndicate, a subsidiary of Anheuser-Busch InBev SA/NV (AB InBev). “Delta Corporation is finalising a transaction to acquire a controlling stake in National Breweries Plc (Natbrew), the Zambian...
(APA 10/12/17)
APA - Douala, Cameroon - The difficult socio-political situation in the English-speaking regions of the Northwest and Southwest of Cameroon has caused loss of more than 41 percent of the turnover of companies located in this part of the country, according to data published Wednesday by the Chamber of Commerce, Industry, Mines and Crafts (CCIMA). The statistics compiled by the consular chamber published a year after October 10, 2016 general strike by English-speaking lawyers and teachers demanding better consideration of...
(AFP (eng) 10/12/17)
A Nigerian court has ordered the permanent seizure of properties worth some $7 million from the country's former oil minister, who is facing a slew of corruption claims. Judge Abdulaziz Anka, sitting at the Federal High Court in Lagos, on Wednesday ordered the forfeiture of properties in Lagos, Abuja and Port Harcourt. The houses and apartments, valued at 2.6 billion naira and bought through front companies, were linked to Diezani Alison-Madueke and her cousin, Donald Chidi Amamgbo. Anti-corruption investigators found documents at Amamgbo's office that he owned some 18 companies and properties in Britain and the United States, the court has heard. He told Nigeria's Economic and Financial...
(APA 10/12/17)
APA – Lagos (Nigeria) - The Fund however, commended Nigeria for the recent reforms aimed at reducing infrastructure gap in the country, adding that it was in support of the measures. The Assistant Director, Fiscal Affairs Department of the IMF, Mrs. Catherine Pattillo, who gave the warning on the sidelines of the release of the Fiscal Monitor Report by the Fund in Washington on Wednesday, said: “The concern in a number of oil exporters is that unless there is action...
(APA 10/12/17)
APA – Lagos (Nigeria) - The Federal High Court in Lagos presided over by Justice Abdulaziz Anka on Wednesday ordered the permanent forfeiture of 56 houses linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. The order followed the granting of an application by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC) seeking permanent forfeiture of the property. The EFCC argued that the property sought to be attached were bought by the former oil minister for...
(APA 10/12/17)
APA-Dakar (Senegal) - The International Islamic Trade Finance Corporation (ITFC) and the National Company of Transports and Logistics (SNTL) based in Morocco have launched a study to bridge the gap between Morocco and Africa. A press release issued Thursday October 12, 2017 by the ITFC from Casablanca, Morocco, said “this is under the umbrella of the AfTIAS, but is also at the core mandate of the Arab Africa Trade Bridges (AATB) Programme, which is created for bridging the trade gaps...
(APA 10/12/17)
APA-Nairobi (Kenya) - One of Kenya’s leading retail supermarket, Tusky Mattresses ongoing corporate transformation efforts have received global commendation at the prestigious 4thWorld Branding Awards held at the Kensington Palace in London on Wednesday evening. In a rare commendation for a local brand, Tusker Mattresses Limited which runs the Tuskys branded chain of retail stores won the Kenya Supermarket Brand of the Year category in the awards which focus on branding excellence. The World Branding Awards is the premier awards...
(APA 10/11/17)
APA-Addis Ababa (Ethiopia) - The Ethio-Djibouti railway line linking the two neighboring east African countries will begin service as of November 8, 2017, an official of the Ethiopian Railways Corporation (ERC) said. The railway service was supposed to start early last month but was suspended due to problems associated with power supply shortage, the new acting General Manager of the corporation Dr. Berhanu Besha said during public debate on Wednesday. Dr Berhanu said problems associated with electric power supply to the line has been resolved as Ethiopia agreed to supply power and the cost to be dealt...
(AFP (eng) 10/11/17)
Russia and Morocco hope to cooperate more closely in the energy sector, Russian Prime Minister Dmitri Medvedev said Wednesday during a visit to Rabat. He spoke of a "very promising project to supply liquefied natural gas to meet the needs of the Moroccan economy". "The potential for cooperation is huge," he said during a brief press conference. During his visit the two countries signed deals in the energy, agriculture and hi-tech sectors. "We are discussing further cooperation in the field...

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