Business

Mon,23Apr2018

Business

Ivory Coast minister views local processing as crucial to sector

May 31, 2011:  farmer Alidou Ouedraogo arranges drying cocoa beans as he prepares to cover them for the night, near Duekoue, Ivory Coast. Ivory Coast.Photo:  AP Photo/Rebecca Blackwell, Boosting cocoa processing in Ivory Coast is central to improving the sustainability of the country's cocoa sector, the top grower's trade minister Souleymane Diarrassouba said.

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Congo Republic says it has met criteria for an IMF deal

 International Monetary Fund Managing Director Christine Lagarde speaks  during the World Bank/IMF Spring Meetings, in Washington, April 19, 2018. Photo: Jose Luis Magana)Congo Republic said on Friday it fulfilled the criteria for a deal with the International Monetary Fund (IMF) and had reached an agreement on a three-year programme aimed at turning around its debt-crippled economy.

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Steinhoff faces angry shareholders as it renegotiates debt

Shoppers make their way along the wide shopping avenues inside the newly-opened Mall of Africa in Midrand, South Africa, Thursday April 28, 2016. Photo: Denis farrell/AP/SIPASouth African retailer Steinhoff is in talks with creditors about restructuring its debt, it said on Friday as it faced shareholders for the first time since an accounting scandal surfaced in December.

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Court stops Kenya telecoms regulator's fake mobile monitoring plan

A Kenyan man talk on a mobile phone at a shop selling Safaricom products, Friday, June 6, 2008 in the Kibera slum in Nairobi, Kenya. Photo: KHALIL SENOSI/AP/SIPAKenya's High Court stopped the telecoms regulator on Thursday from monitoring mobile phone networks to detect counterfeits, saying the regulator had flouted the constitution and failed to involve the public when it rolled out the plan.

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Italy's Eni plans investments in Algeria worth billions in next three years

  An employee walks by banners with name and sign of energy firm Eni at Strovolos area in capital Nicosia, Cyprus, on Friday, Feb. 23, 2018. Photo: AP Photo/Petros Eni plans "billions" of investments in Algeria over the next three years, the company's CEO said on Tuesday, as the Italian energy firm said it had agreed to extend its partnership with Algeriastate firm Sonatrach.

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MINING: Randgold, the cost killer

ALL RIGHTS RESERVED/RANDGOLD RESOURCES
With an eye on operating expenditure, the largest gold producer in francophone Africa has continued to grow in the downturn. What does Randgold do differently?

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S.African utility Eskom asks to recover $5.5 bln via higher tariffs

 Eskom's electricity pylons snake across a hill in a Johannesburg suburb, Thursday, Nov. 24. 2011. Photo:Denis Farrell/AP/SIPASouth African state utility Eskom is seeking to recover 66.6 billion rand ($5.5 billion) of costs incurred over the past three years through higher tariffs, saying it sold less electricity than forecast because of an economic downturn.

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