Business

Wed,24May2017

Business

Côte d’Ivoire unrest makes cocoa grinders rethink investments

Cocoa grinders in Côte d’Ivoire are holding off on new investments after military and social unrest this month, potentially denting government plans to boost processing of the commodity in the world's top grower.

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US travel ban heralds 'turbulent times' for Africa: AU chief

The head of the African Union said today that a US travel ban on seven Muslim-majority countries including three in Africa heralded "turbulent times" for the continent.

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Tunisia needs $2.85 bln in external financing this year

Tunisia needs around $2.85 bn in external financing this year and plans to issue a Sukuk Islamic bond worth around $500m to help cover the deficit, Finance Minister Lamia Zribi told Reuters on Monday.

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Kenya's Safaricom shifts funding to catch up on fixed-data demand

Kenya's Safaricom is reallocating funds to build up its fixed-data network to connect homes to the Internet, as demand grows for online streaming services like Netflix, chief executive Bob Collymore told Reuters.

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Ghana's only oil refinery shut after explosion

Ghana's only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating unit, a senior union official said on Friday.

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Uganda's Crane Bank assets, liabilities transferred to dfcu

The assets and liabilities of Uganda's Crane Bank, which was put into receivership, have been transferred to dfcu, another mid-tier institution, the central bank said on Friday.

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AfDB says gives Comoros $20 mln for road network

President of Comoros, Azali Assoumani addresses reporters after a meeting with French president Francois Hollande at the Elysee Palace in Paris, France, Oct. 4, 2016. Photo: Christophe Ena/AP/SIPAThe African Development Bank is giving Comoros a $20.4 million grant to help it improve and expand its road networks, a move that will boost its agriculture and tourism sectors.

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