Ghana And Uganda Ban Grain And Food Exports
GLOBAL food protectionism is now in full swing. After India, some major EU food exporting nations like Hungary halted the…
Month: May 2022
Zambia’s Mopani Plans To Resume Cobalt Production As Prices Rise
ZAMBIA’S Mopani Copper Mines (MCM) plans to resume cobalt production that was halted more than a decade ago after international…
Malawi Hit By Foreign Currency Shortage
MALAWI is facing acute shortages of foreign exchange currency, forcing two international airlines to suspend some of their services in…
Zimbabwean President Defends Chinese Investment In Africa Against Western Incitement
ZIMBABWEAN President Emmerson Mnangagwa has praised Chinese investment for changing the economic landscape in his country and other parts of…
IMF, Senegal Reach Staff-Level Agreement On $217 Million Loan
THE International Monetary Fund (IMF) and Senegal have reached a staff-level agreement on economic and financial policies under which the…
Rich Mozambicans Investing In Dubai Real Estate – Report
AT least 67 Mozambicans have purchased 359 properties in Dubai, in the United Arab Emirates, with a total value of…
Citi, British International Investment Agree $100 Million Risk-Sharing Lending Deal For Africa
BRITISH International Investment (BII) and US bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending…
Just In: Dollar Hits N600 Under Buhari Government.
THE dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s…
Africa’s Richest Man Aliko Dangote Seeks To Raise An Additional $1.1bn To Complete His Refinery Project By 2023
A NEW report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery…
Sierra Leone Says Will No Longer Provide Forex For Mining Companies Importing Fuel
SIERRA Leone will no longer provide foreign exchange for mining companies and other large businesses to import oil as of…