Category: African Business
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Sierra Leone’s Foreign Minister Deepens Bilateral Relations with Russian Federation
During his one-day working visit to Moscow, Russian Federation, Sierra Leone’s Minister of Foreign Affairs and International Cooperation Prof. David J. Francis together with his counterpart Sergey Lavrov, signed a Memorandum of Understanding for a ‘Visa-free Movement’ of holders of both Diplomatic and Service passports to facilitate the movement of people between the two countries.…
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Zimbabwe’s Mukuyu gas field ranked as the second-largest field discovered in sub-Saharan Africa in 2023
The largest gas field discovered in sub-Saharan Africa in 2023 was Namibia’s Jonker-1 field. “Having the Mukuyu discovery independently recognized as one of the largest discoveries in 2023 and acknowledged among several multinationals confirms our confidence in the quality and scale of this new gas field in Sub-Saharan Africa,” said Scott McMillan, Managing Director of…
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Liberia: Audit Reveals Unapproved Disbursements by Central Bank of Liberia for 2019 Independence Day Celebrations
MONROVIA – In 2019, around the July 26 Independence Celebration, the Central Bank of Liberia made several disbursements totaling US$730,000 to the Liberia National Police, the National Security Agency, and the Ministry of State for Presidential Affairs without any approved policy. An audit by the General Auditing Commission (GAC), the nation’s supreme audit body, discovered…
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Liberian Government Approves Rice Price Increase Amid Importers’ Pressures, Pledges Focus on Local Production
MONROVIA – The Government of Liberia (GOL), through the Minister of Commerce and Industry Amin Modad, has announced that it has agreed to a request from importers to increase the price of a specific brand of rice on the local market, describing the rice industry as a “cartel.” Rice is Liberia’s staple food. Major importers…
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Kenya’s President Ruto visits US
Kenyan President William Ruto is on a visit to the United States this week, amid efforts to deepen economic and security cooperation between the two countries, as well as launch a long-stalled police deployment to Haiti. Ruto, who will hold talks with Biden at the White House on Thursday, is also visiting the US as…
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Sony Is Raising PS5 Prices Due to Inflation and Economic Pressures
The recommended retail prices will be increased in select countries across Europe, Africa, Asia-Pacific, Latin America, and Canada. Sony announced today that it is going to increase the recommended retail price of PlayStation 5 in select countries across several regions. The markets that will see the price raise include Europe, the Middle East, Africa (EMEA),…
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South Sudan government and rebel groups sign ‘commitment’ for peace in ongoing peace talks in Kenya
The government of South Sudan and rebel opposition groups on Thursday signed a “commitment declaration” for peace during high-level mediation talks in Kenya. The agreement is a key step in efforts to end the conflict in South Sudan that has long crippled its economy. The content of the agreement was not made public during the…
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US to complete withdrawal from Niger by Sept. 15
Niger and the United States have reached an agreement on the withdrawal of American troops from the West African country, a process that has already begun and will be finished by Sept. 15, they said in a joint statement. Niger’s ruling junta last month told the U.S. to withdraw its nearly 1,000 military personnel from…
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IMF blackmails Ghana over LGBT law
Ghana’s parliament, which has been adjourned since March following a row between the speaker and the president over an anti-LGBT bill, will reconvene on Friday to discuss approval of ministerial appointees and other “urgent matters”. Majority leader Alexander Afenyo-Markin said in a statement that the urgent recall was “in good faith to enable government to…
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Conseil Café-Cacao declares war on cocoa operators with Lebanese ties
Yves Koné, the head of the cocoa industry watchdog, has suspended the operations of several cooperatives that are suspected of buying and reselling beans above the regulated price. The Conseil Café-Cacao (CCC), which is run by Yves Brahima Koné, has removed sales and purchase codes from some forty cocoa cooperatives suspected of secretly working with operators belonging to…
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