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AfDB questions Africa’s annual $35bn food importation

African Development Bank’s president, Akinwumi Adesina on Thursday lamented the negative effects that huge food imports had on the African continent. Speaking at the Center for Global Development event held in Washington DC, the former Nigerian Agriculture Minister indicated that the continent must break the food import chain and aim for self-sufficiency in food production […]

Tunisia: Economy expected to recover in 2017 – PM

Tunisia’s Prime Minister Youssef Chahed on Sunday indicated that the economy will start to regain growth in 2017 as the North African Nation revived its tourism industry and state phosphate production. Six years after an uprising that ousted President Zine El Abidine Ben Ali, economic growth in Tunisia remains below the long-term average. “The tourism […]

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Côte d’Ivoire: Morocco’s Club Afrique Développement holds forum on investment in tourism

Club Afrique Développement-Côte d’Ivoire will hold a forum to promote investments in the tourism sector of the West African country, in capital city Abidjan on April 20. Club Afrique Développement-Côte d’Ivoire is the local branch of Club Afrique Développement of Morocco’s leading bank Attijariwafa bank (AWB). The gathering seeks to attract members of the Club […]

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Drop in Oil Prices Unveils Vulnerability of Algerian Economy

Algerian authorities have finally been compelled to face the reality and admit the failure of their economic model based on crude oil exports and trade. Global oil prices have fallen sharply over the past years, leading to significant revenue shortfalls in many energy exporting nations, including Algeria, member of the OPEC. The falling prices of […]

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Ivory coast and Ghana to increase cocoa processing capacity and price

World’s top cocoa producers Ivory Coast and Ghana will boost ties to coordinate production strategies to tackle price volatility in the two west-African nations, Reuters reported on Wednesday. According to the heads of the two country’s marketing boards, plans are underway to hold regular meetings and to discuss how best to manage production and ensure […]

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China announces ban on ivory trade, new hope for Africa

China, the world’s largest ivory importer and trader on Friday announced the ban of all trade in ivory by the end of 2017. The move comes as a potential game changer for African countries engaged the fight against elephants’ poaching. According to The BBC, China’s ivory factories are to be officially shut down by 31st […]

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Kofi Annan calls world leaders to increase investment in food systems

Former United Nations Secretary-General Kofi Annan has called on World leaders to increase investment in developing countries and food systems in order to “produce more food with fewer resources”. Speaking at the 10th Forum for the Future of Agriculture in Brussels on Tuesday, Kofi Annan stressed that scientific discovery and sustainable solutions are crucial to […]

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Morocco-Cameroon: LafargeHolcim Maroc Afrique launches construction of €42.6 million-cement plant

The Cameroonian locality of Nomayos, near capital Yaounde, will house another cement of factory of LafargeHolcim Maroc Afrique (LHMA) with production expected to hit 500,000 tons. The new project required a total investment of €42.6 million. Launched through Cimencam; LafargeHolcim Maroc Afrique’s local branch, the future plant is expected to produce 500,000 tons therefore increasing […]

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Algeria supports oil freeze continuation as stocks diminish

Algeria has voiced its support for the extension of the oil production freeze agreement between OPEC and non-OPEC members as it believes that “stocks in Europe and Asia as well as in the US are diminishing” and “that will reassure the market.” Energy Minister Noureddine Boutarfa is optimistic that a “clear impact” of the deal […]

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Exiled Gambian ex-leader Jammeh to take up farming

The former president of The Gambia, Yahya Jammeh, has reportedly disclosed plans to take up farming full time in Equatorial Guinea. The long-time leader, wearing his habitual white flowing robes, was pictured on Wednesday farming in the Central African nation, where he is living in Exile. Jammeh was ousted in an election in December and […]

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