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21/10 Two years of drought have drained
reservoirs in southern Morocco, threatening crops the region
relies on and leading to nightly cuts in tap water for an area
that is home to a million people.. . .
21/10 Uganda plans to spend an extra 2 trillion shillings ($535 million) in the financial year ending June 2021 to help finance various projects including roads in neighbouring Congo, the Finance Ministry. . .
19/10 Well-above average rains mixed
with sunny spells last week in most of Ivory Coast's cocoa
growing regions provided the conditions for cocoa pods to ripen,
and will likely boost the main crop, farmers said. . .
19/10 Kenya's budget deficit for this
financial year is expected to swell to 8.9% of gross domestic
product, as expenditures rise and tax collections suffer from
the impact of the coronavirus crisis, the finance ministry. . .
16/10 Zambia suspended operations at a
copper processing plant after it discharged huge quantities of
effluent into a stream after a dam burst, the nation's
environmental management agency said on Friday.. . .
15/10 The G20 group of rich nations and
big emerging powers extended their Debt Service Suspension
Initiative (DSSI) this week to help the world's poorest
countries cope with the fallout of the COVID-19 crisis until. . .
15/10 Kenya's economy shrank by 5.7% in the second three months of 2020, its first quarterly contraction since the global financial crisis 12 years ago, as the COVID-19 pandemic shut businesses and. . .
15/10 Kenya's economy shrank by 5.7%
in the second three months of 2020, its first quarterly
contraction since the global financial crisis 12 years ago, as
the COVID-19 pandemic shut businesses and kept people at. . .
14/10 Morocco's cabinet has proposed a
2021 budget that envisages a fiscal deficit of 6.5% of gross
domestic product (GDP), down from an expected 7.5% this year,
the royal palace said on Wednesday.. . .
14/10 Rwanda is in talks with four
European and American companies about growing and processing
cannabis for export to meet rising pharmaceutical demand for the
narcotic, although its consumption is still banned in the
country.. . .
14/10 Ghana's consumer price inflation
was at 10.4% year-on-year in September, compared with 10.5% in
August, the West African nation's statistics office said on
(Reporting by Christian Akorlie
Writing by Bate Felix). . .
13/10 Extending a scheme by major economies to halt billions of dollars in debt service from poor nations during the coronavirus crisis would be very helpful, Angola's finance minister said on Tuesday,. . .
12/10 Moroccan real estate company Aradei Capital is considering an initial public offering (IPO) to raise 800 million dirhams ($87 million) on the Casablanca stock exchange to support its growth plans.. . .
08/10 Banks in Uganda plan to appeal a
court ruling issued on Wednesday that has effectively declared
illegal certain syndicated loans - representing at least $1.5
billion worth of debt - an industry body said. . .
07/10 Police on Wednesday rescued 11
children and two teenagers working on cocoa plantations in
southwestern Ivory Coast and arrested three farmers on suspicion
of people trafficking, the police commissioner said.. . .
06/10 Nigeria aims to end the
country's so-called oil-for-fuel swaps system in the near future
and rely instead on oil products from local refineries, which it
hopes to have running again by 2023, the head. . .
04/10 Nigeria plans to bar vessels
without a valid licence to operate in Nigerian waters and has
given shipping companies that trade in its coastal and inland
waters three months to register, the maritime regulator. . .
02/10 Lubambe Copper Mine, majority-owned by Australia's EMR Capital, is talking to the Zambian government to seek concessions, including a tax break, to develop a new $1 billion copper mine, the company. . .
02/10 The High Court of Sierra Leone in Freetown has dismissed one of several legal complaints against Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG Resources (BSGR), on jurisdictional grounds, a. . .
02/10 The High Court of Sierra Leone in
Freetown has dismissed one of several legal complaints against
Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG
Resources (BSGR), on jurisdictional grounds, a court ruling
shows.. . .
30/09 Uganda's coffee exports rose 6.2% in August from the same month last year, boosted by maturing new crop and faster cross-border transportation as countries in the region relax anti-coronavirus rules, the. . .
29/09 Nigeria's oil reform bill is now
with the National Assembly. Due to the political alignment of
the legislature with the presidency, it has the best chance of
passing into law in the 20-year history. . .
29/09 Kenya's central bank held its benchmark lending rate at 7.0% for the fourth time in a row on Tuesday, saying its accommodative monetary policy stance remained appropriate for the current economic. . .
29/09 Ghana's cocoa board (Cocobod) signed on Tuesday a $1.3 billion pre-export finance deal for the 2020/21 cocoa season through a syndicated loan, following reports earlier this year that its usual lenders. . .
29/09 Gold miner AngloGold Ashanti on
Tuesday priced the offering of a $700 million principal amount
of 3.750% notes due 2030 to help repay a part of its $1.4
billion credit facility, which will become. . .
28/09 Nigeria's long-awaited oil reform
bill would take steps to privatise the Nigerian National
Petroleum Company (NNPC), amend changes to deepwater royalties
made late last year and create new regulatory bodies, a copy of
the bill. . .
28/09 Nigeria's long-awaited oil reform bill would privatise the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favour of new. . .
24/09 Attijariwafa Bank, one of Morocco’s biggest lenders, reported on Thursday a 57.5% drop in first-half net profit attributable to shareholders to 1.2 billion dirhams ($130 million), citing a surge in pandemic-related. . .
23/09 Nigeria sold bonds on Wednesday
at yields lower than the secondary market despite double-digit
inflation, auction results showed, after an unexpected central
bank interest rate cut aimed at stimulating the economy.. . .
23/09 Nigerian President Muhammadu
Buhari has signed a long-awaited oil-reform bill and it will be
formally presented in the Senate as early as next week, four
sources familiar with the matter told Reuters.. . .
23/09 Glencore's head of Africa copper on Tuesday said its Democratic Republic of Congo subsidiary Kamoto Copper Company (KCC) is ramping up to full production and should produce 270,000 tonnes of copper. . .
22/09 Libya's National Oil Corporation
(NOC) said on Tuesday it was lifting force majeure at the
eastern Zueitina oil port after conducting security assessments
at the terminal and connected fields.. . .
21/09 Gold miner B2Gold on Monday
sought to reassure investors that Mali's political situation was
improving after a military coup last month hit shares in the
company and other Mali-focused miners.. . .
21/09 OPEC and its allies are watching
efforts to resume oil output in Libya very closely, OPEC sources
said on Monday, although producers should wait to see if there
is a sustainable restart before. . .
18/09 Gambia's economic growth rate may fall to 2% in 2020 versus a forecast 6% due to the coronavirus, President Adama Barrow said on Thursday, as he relaxed a nighttime curfew but. . .
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