Sunday, October 17, 2021
Ghana may only produce around 700,000 tonnes of cocoa this season, well short of its initial forecast of 850,000 tonnes, due to poor rains during the main crop harvest, the head of the Cocobod marketing board told Reuters on Monday. The International Cocoa Organization (ICCO) forecast a global cocoa surplus...
Moroccan national carrier, Royal Air Maroc (RAM), has announced plans to launch flights to five other East African cities only two years after it began its Casablanca-Nairobi operations. Country manager Othman Baba said the move, inspired by Nairobi experience, is part of RAM’s efforts to claw back a share of...
The International Monetary Fund (IMF) Executive Board has approved an immediate debt service relief to 25, including 19 African countries, of the IMF’s member countries under the fund’s revamped Catastrophe Containment and Relief Trust (CCRT). This relief programme forms part of the fund’s response to help address the impact of...
If one issue should unite African leaders for immediate action today, it is the attempt by America’s Donald Trump to block the re-election of Dr. Akinwumi Adesina for a second term as president of the African Development Bank (AfDB). Having served five years with distinction and emerged as sole candidate...
Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters last week Thursday. Patience Oniha said the country will also try to get back into the...
Members of the Presidential Task Force on the ECOWAS Single Currency Programme have reaffirmed their political will to meet the Bloc’s single currency programme deadline by 2020. They also reaffirmed their commitment to ratify and implement all relevant ECOWAS Protocols and Conventions, as well as a gradual approach wherein member-states...
ECM activity in 2017 was the second highest since 2013 in terms of volume with 121 issuances, up 25% over the prior year, and the highest since 2013 in terms of value Overall, African equity capital market transaction volume and value improved in 2017 over 2016. In terms of value,...
The African Development Bank (AfDB) has advised that it is time to process cocoa and produce chocolate in Africa, and to end the continent being at the bottom of global value chains. AfDB said there is huge opportunity for Africa, the largest producer of cocoa in the world, to rake...
West African countries have launched the Medicines Regulatory Harmonisation Project (MRHP) that ensure smooth and standard registration of medicines produced in the sub-region. Speaking at the launch of the project in Accra on Monday, the Deputy Health Minister for Health, Kingsley Aboagye Gyedu, stated that, “The intent of all these...
The economy of Mauritius is expected to grow by 3.9 percent this year, down from a previous forecast of 4.0 percent in December, due to an expected slowdown in agriculture and fishing activities, the statistics office said on Friday. The Indian Ocean island economy expanded by 3.8 percent in 2017,...
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