A forthcoming UN report alleges that Nigeria planned to purchase $3.5m worth of arms from Haegeumgang Trading Corporation, a “weapons trading ... entity” associated with the Korean People’s Army and North Korean government. This would be a major violation of sanctions imposed by the UN, European Union, and US, all of which prohibit the purchase of arms from North Korea.
‘Working with local bottlers will allow us to accelerate our growth,’ says Coca-Cola’s Bruno Pietracci
The end of the partnership with Castel, growing competition, pressure on costs... Despite an adverse context, Bruno Pietracci, the Africa boss ... of the US soft drinks giant Coca-Cola, reaffirms the red and white brand’s continental ambitions.
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A joint team consisting of the Bank of Ghana and security personnel led a crackdown on the black market in Accra last week, seeking to pre-empt ... further cedi depreciation by curtailing conversions outside the interbank. However, the effort may prove no more than a short-term painkiller.
Egypt has been introducing a new batch of measures to break a deadlock with the IMF as both sides have - since March - been in drawn-out talks ... over a new agreement, which Finance Minister Mohamed Maait recently said could be concluded in a month or two.