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Morocco Would Seek Alternative Partnerships if EU Fails its Commitments

Morocco has warned the European Union against the negative repercussions that failure to implement the bilateral farm deal may entail and said it would seek alternative partnerships if the EU does not honour its commitments towards the Kingdom and thus draw a new trade map. The European Union must ensure the necessary framework in order […]

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Tanzania Seeks $305 million WB Loan to Expand Dar es Salaam port

Tanzania’s government is seeking a $305 million soft loan from the World Bank to expand its main port in Dar es Salaam in the next fiscal year, Finance and Planning Minister, Philip Mpango, revealed on Wednesday. “The World Bank has agreed to give Tanzania loans for various development projects, including a credit of $305 million […]

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China & Sao Tome Resume Diplomatic Relations

The foreign ministers of China and Sao Tome and Principe signed a statement on Monday to resume diplomatic relations between the two nations after they severed these ties 20 years ago. According to Chinese Foreign Minister Wang Yi, the two countries officially resume ambassadorial-level diplomatic relations after 20 years and have agreed on fundamental issues, […]

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Mozambique seizes illegal timber logs worth $800,000

Mozambique authorities have confiscated 1,300 containers of illegal logs estimated at $800,000 in the northern port of Nacala. Their eventual destination was believed to be China. Chinese traders according to the environmental research organization, International Institute for Environment and Development (IIED) accounted for over 90% of Mozambican timber exports. According to Olivia Amosse, director of […]

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China Gives EAC $200,000 for Political Dialogue in Burundi

China has donated $200,000 to the East African Community (EAC) as part of efforts aimed at facilitating dialogue in the political crisis in Burundi. Violence in Burundi began in the wake of President Pierre Nkurunziza’s announcement that he would seek a third term in office, and continued after he was elected last year. Last month […]

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Mugabe Threatens to Pull Africa out of UN

Zimbabwe’s president Robert Mugabe on Saturday announced that the African Union is of the view that if their position of getting a permanent seat at the United Nations Security Council is not adopted, the AU will pull out of the United Nations next year. Mugabe made the statement before thousands of Zanu PF party supporters […]

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Africa’s Elephants Face Worst Drop, Report

Africa lost as many as 111,000 elephants over the last decade as a surge in poaching in the east of the continent caused the population’s biggest decline in the past 25 years, the International Union for Conservation of Nature (IUCN) said in a report released over the weekend. The report was released during the 17th […]

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Namibia’s Economic Growth Slowing – IMF

Slow budgetary consolidation efforts by authorities as well as a slowdown in the buildings and public works sector could put the brakes on Namibia’s economy, IMF said on Thursday. According to the Washington-based International lender, Namibia’s economic growth is likely to drop this year from 5.3 percent in 2015 to 2.5 percent. IMF officials equally […]

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China Donates Zimbabwe over 5,500 Tons of Rice

Chinese government has donated Zimbabwe 5,500 tons of rice to help alleviate hunger after a drought has left up to 4 million Zimbabweans in need of food aid. “Today’s event again testifies the strong ties between China and Zimbabwe as all-weather partners, especially in the area of food security and agriculture,” the Chinese ambassador to […]

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Zimbabwe to Introduce Local Bank Notes by October

Zimbabwe will introduce local bank notes at the end of October, the central bank governor said on Thursday. According to Governor John Mangudya, the southern-African nation will circulate the equivalent of $75 million in the notes by the end of the year. Zimbabweans are worried that introducing “bolnd notes” to ease dollar shortages could open […]

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