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Mozambique: Gemfields achieves record revenues at ruby auction

Gemfields, the world’s largest gemstone, has earned record revenues from its latest auction of rough ruby extracted by 75%-owned Montepuez Ruby Mining at the Montepuez ruby deposit in Mozambique. The auction was held in Singapore June 10-14 and was the second ruby and final auction of this financial year, furtherafrica news portal reported. During the […]

Kenya: Drought reduced tea exports by 36%

Kenya’s tea exports volume dropped by 36% in April compared to the same period last year, Businessdailyafrica reported. The El Nino phenomenon has significantly impacted the weather patterns around Kenya, limiting agriculture production because anticipated seasonal rains did not come. According to the Kenyan Board of Tea, this negative result is the consequence of the […]

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Morocco’s Ciments de l’Afrique opens new cement plant in Chad

The Moroccan cement giant Ciments de l’Afrique group (CIMAF) has officially inaugurated a new cement plant in Chad this week as the group, led by the Moroccan Businessman Anas Séfrioui, continues its expansion in Sub-Saharan Africa. This new unit, located in the Lamadji district at the northern exit of the Chadian capital N’djamena, will start […]

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Ghana: Cocoa Board debt reaches $2.2 billion

Ghana’s cocoa board this weekend said it has accumulated $2.2 billion in debt after the nation missed its production target in the previous season. The West African nation, the second-largest producing country in the world, targets to raise production to 1 million tons by 2020, from the current annual output of 800,000 tons. According to […]

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Zambia: Sugar production increases by 47%

Zambia Sugar, a unit of Associated British Foods, on Thursday said its refined sugar production has increased by 47% to 65,000 tons in the year that ended March 31, driven up by increased refining capacity. According to the managing Director of Zambia Sugar, Rebecca Katow, despite the increment of the production, total sugar production fell […]

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Ivory Coast: Orange Group launches Orange TV

French giant telecommunication operator, Orange Côte d’Ivoire has launched its new service “TV Orange” in the West African nation, local media reported. The new service is available to customers with a fixed Internet subscription and 3G or 4G mobile Internet via the “Orange TV” application. According to the Abidjan-based company, this new service offers a […]

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ECOWAS: Israel to invest $1 billon in solar energy

Leaders of the West African regional group ECOWAS last weekend inked a memorandum of understanding with Israel that will earmark $1 billion over the next four years to finance solar energy projects in the member states of the bloc. Israeli Prime Minister Netanyahu, who confirmed the deal in a speech before the ECOWAS summit of […]

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Senegal to launch a new carrier in Q4 2017

After the bankruptcy of Senegal Air Lines, a new company, Air Senegal SA, will start operations later this year, officials said on Monday. Air Senegal SA will launch its activities on December 7 at the opening of Blaise Diagne international airport. “Our national airline is going to be the first that will roll on the […]

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South Africa could harvest highest maize crop in 40 years

South Africa is expecting to harvest its highest maize crop in 40 years following good rains in the first quarter of 2017. According to the South African Crop Estimates Committee (CEC), farmers are set to harvest over 15 million tons of maize this season, almost double last year’s harvest. The extra produce is expected to […]

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Kenya launches multi-billion Chinese-backed railways

Kenya authorities on Tuesday launched a multi-billion a Chinese-backed railway with a first trip from the city of Mombasa to capital Nairobi. In his official speech at the unveiling ceremony, President Kenyatta said the launching “is a historic moment as we begin our journey of transformation.” Kenyatta also indicated that his government is banking on […]

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