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Mon,20Nov2017

trade

Tanzania: 25 percent cargo capacity increase for Dar es Salaam port

Photo©ReutersCargo volumes at Dar es Salaam port are expected to rise as much as 25 percent this year, helped by expanded capacity and improved efficiency, Tanzanian president Jakaya Kikwete said in his last address to parliament before an election in October.

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Electricity: Kenya and Tanzania invite bids for construction of a high-voltage power line

Kenya and Tanzania are set to build 510 km of 400 kilovolt (kV) power lines and several substations to connect and allow them trade in power.

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Kenya: Mumias Sugar gets a new CEO

File photo©ReutersKenya's cash-strapped Mumias Sugar has named a new chief executive officer after receiving a 1 billion shilling ($9.93 million) bailout from the Kenyan government, the company said on Thursday.

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Kenya: Uchumi Supermarkets to close some outlets in recovery bid

Kenya's Uchumi Supermarkets will close unprofitable branches after it expanded at a rapid pace in recent years, its new finance chief said on Tuesday.

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Deliberate trade policies for Africa's industrialisation

Photo©ReutersAfrican countries can use deliberate trade policies to achieve growth through industrial development and structural transformation.

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Ghana - China trade surpasses $5 billion

Photo©ReutersThe volume of trade between Ghana and China reached $5.6 billion at the end of 2014, making the Asian country the single biggest trading partner with the West African country.

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Malawi eyes $10 bn in prospective investments at trade forum

Photo©ReutersMalawi's first ever investment forum netted more than $1 billion in prospective investments, the trade minister said on Wednesday, as officials hoped the amount would rise to $10 billion once all proposed deals were concluded.

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South Africa: Vodacom sale to inject capital to the struggling power utility Eskom

The South African government has sold its 13.91 percent stake in mobile phone giant Vodacom to an employment fund for civil servants after months of speculation.

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Tanzania plans to revoke consent for EABL's Serengeti Breweries deal

File photo©ReutersTanzania's competition commission has initiated a process to cancel approval for East African Breweries' (EABL) 2010 acquisition of a controlling stake in Serengeti Breweries.

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Europe: Greece defaults on IMF payment despite last-minute overtures to creditors

Photo©ReutersGreece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.

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Mauritius: The great clean-up

A new breed of ambitious, globally-minded Mauritians will join the job market. Photo©Nasseem Ackbarally/Transterra mediaThe new government elected in December enjoyed a short honeymoon. It is now engaged in dealing with corruption cases, problems in the banking sector and growth levels that are too low to make Mauritius a high-income country by 2020.

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Mauritius's big neighbour with smaller costs

sewing machines are whirring again after Madagascar paid the price for political instability. Photo©All Rights ReservedWith its skilled workforce, lower wages and duty-free access to US markets reinstated, Madagascar offers opportunities to Mauritian textile companies.

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Ghana: Oil marketing companies face stiff competition at the pump

Photo©ReutersGhana's decision to stop fixing prices of petroleum products has ignited fierce competition among oil marketing companies (OMCs), who are now engaged in aggressive pricing.

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Retail: Keeping an old tradition alive

the stores that work in Mauritius share some of the values found at Port louis’s famous bazaar. Photo©SamueL Zuder/LAIF-REAFamily-owned shops are going strong and fending off the advances of big chains and retailers, including newer arrivals from South Africa.

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Ghana cocoa's reputation at risk

Photo©ReutersConcerns over Ghana's management of its cocoa sector, hit by a surprise crop failure this season, have undermined its relationship with the industry and threaten its reputation as the world's premier supplier of top-quality beans, traders said.

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US-Africa Trade: African textile exports may reach $4 bn under AGOA deal

File photo©ReutersAfrica's textile and apparel exports to the United States could quadruple to $4 billion over the next decade through an extended duty-free trade treaty, a U.S. official said on Wednesday.

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Zimbabwe army gives street vendors ultimatum

Photo©Philimon Bulawayo/ReutersZimbabwe has enlisted the services of the security forces to flush out street vendors in urban areas at a time rising unemployment continues to push thousands of people into the informal sector.

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Retail: Wal-Mart makes slow progress navigating Africa's challenges

Photo©ReutersWhen Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa.

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West Africans must work together to attract global cash

Image copyright GlezAround 300 million people live in West Africa: a dynamic zone of 16 countries with growth rates approaching 6% each year for the past decade. From agriculture to Nollywood films, West African markets are diverse and burst with potential. Despite this, foreign investors are hesitant to engage broadly with West African markets.

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Ghana's downturn gives time for reflection

Takoradi will soon face competition from a free- zone port at Atuabo. Photo©Francis KokorokoAmidst low oil prices and Ghana's electricity crisis, the country's ports are getting vast new improvements to support the local oil industry and attract regional trade.

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