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Sat,18Nov2017

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Africa after the real Brexit

Photo©Svancara Petr/AP/SIPAAs Britain chose to leave the European Union, sending shock waves through the global markets, experts remain uncertain on how this would impact African economies. Trade and investment would certainly be affected as most of the trade arrangements the UK has with African countries were negotiated through the EU.

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Restoring the economy's ability to deliver prosperity

Mukhisa Kituyi, Mukhisa Kituyi, UNCTAD Secretary General. Photo©Salvatore Di Nolfi/AP/SIPAIn the developing world, significant headwinds now cloud growth prospects, threatening to undo hard fought development gains. The Sustainable Development Goals (SDGs) must become the yardstick for judging inclusive growth.

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Somalia: A rise that is visible to only a few

Somali children play on swings at the Mogadishu Guest House, in Mogadishu. Photo©Farah Abdi Warsameh/AP/SIPAThe horrors that defined the Horn of Africa country during the civil war are slowly giving way to a new Somalia, one that is becoming relatively peaceful and is making slow but steady socioeconomic and political progress. The problem is that few people are noticing this change.

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Zimbabwe's agriculture can be competitive internationally

File photo©John Locher/AP/SIPAZimbabwe' agricultural produce has vast potential not only to compete favourably in European (EU) Union markets, but to reach high levels of international competitiveness, although some conditions have to be met.

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Brexit to hit South Africa's slowing growth

South Africa's Finance Minister Pravin Gordhan. Photo©Schalk Van ZuydamThe governor of the South African Reserve Bank said on Tuesday that although the decision by Britain to exit the European Union would not cause a recession, already slowing economic growth would be hit.

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Zimbabwe: A cautious celebration of Brexit  

Photo©Yorgos Karahalis/AP/SIPAZimbabwe is cautiously celebrating Britain's imminent exit from the European Union (EU) and is hoping it can get a better bloc from the 27-nation bloc, as it has long felt Whitehall was responsible for its crises.

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African markets prepare for Brexit turbulence

File photo©AP/SIPAAfrican currencies, markets and political unions are readying themselves for turmoil after Britain's vote to leave the European Union (EU) sent shockwaves through global financial markets and cast doubts on one of the most ambitious political projects in modern history.

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Investment: Brexit triggers gold rush

Photo©ReutersGold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.

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South African rand edges up as more investors bet against Brexit

Photo©ReutersSouth Africa's rand recouped some of the previous day's heavy losses against the dollar on Friday as risk appetite revived, with more bets placed on Britain voting to stay in the EU following the killing of a pro-EU lawmaker.

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EU to target Libyan arms smugglers in Mediterranean

Photo©AP/SIPAEuropean Union naval forces deployed to combat people trafficking in the Mediterranean Sea are to begin intercepting boats suspected of smuggling arms into Libya in a key expansion of the mission.

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M&A: AB InBev-SABMiller deal set to gain U.S. approval

File photo©Andy Wong/AP/SIPAThe U.S. Justice Department is set to approve Anheuser-Busch InBev SA's takeover of SABMiller Plc later this month.

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Finance: IMF cuts global growth outlook again, warns of Brexit risks

The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and growing economic inequality as it cut its global growth forecast for the fourth time in a year.

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Trade: As EU sugar quota ends, African producers to shift sales to domestic markets

File photo©ReutersSub-Saharan African sugar producers will shift sales to growing regional and domestic markets when exports to the European Union become less attractive after production quotas are dismantled in 2017, industry sources and analysts said last week.

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EU announces budgetary package to boost Ghana's employment policies

Photo©ReutersThe European Union (EU) has announced €31.6 million in aid to bolster Ghana's employment and social protection programmes, barely a year the European bloc supported the West African country with €190 million to improve service delivery.

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Africa to get $3.8 bn to stem migrants crisis

File photo©ReutersAfrican countries will receive $3.8 billion in aid from Europe in exchange for help to tackle the migration crisis affecting rich countries, it has been revealed.

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AU gets more EU funds in al-Shabaab offensive

The fund will cover AMISOM's budget for troop and police allowances and death and disability compensation for military and police personnel. Photo©ReutersThe European Union has committed €165 million in additional funding to support the African Union's fight to 'liberate' Somalia from Al Shabaab fighters.

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Agribusiness: Ghana to miss $5 billion exports earnings target

File photo©ReutersGhana could lose billions from non-traditional exports following the country's food and agriculture ministry's ban on vegetable exports to the European Union market.

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Nkosana Moyo: Africa needs its own version of the Airbus project

altIn private equity, as is indeed true in virtually all other areas of human endeavour, if you want to optimise cooperation between individual entities you have to create a maximal alignment between the intended participants' interests.

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Battling the bottom feeders

European, South Korean and Russian fishing vessels have been pillaging West African fish stocks for decades.

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Open seas, broken borders

Photos©Olivier Jobard/MYOPThousands of migrants will die this year en route to Europe as politicians in Brussels squabble over how to deal with the arrival of people from Africa and the Middle East

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