Category: African Business
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Ecowas sends fact-finding mission to Togo, finally
The seven-member mission will be led by Maman Sambo Sidikou, former representative of the African Union in Mali and the Sahel. “During its stay in Togo from 15 to 20 April, the mission will meet the main stakeholders in the electoral process, in particular the heads of State institutions and agencies, political parties, the electoral…
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Nestlé adds sugar to infant milk sold in poorer countries, report finds
Nestlé, the world’s largest consumer goods company, adds sugar and honey to infant milk and cereal products sold in many poorer countries, contrary to international guidelines aimed at preventing obesity and chronic diseases, a report has found. Campaigners from Public Eye, a Swiss investigative organisation, sent samples of the Swiss multinational’s baby-food products sold in…
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Breakthrough: Transforming Carbon Dioxide into Fuel
✅ Researchers from Massachusetts Institute of Technology and Harvard University have unveiled a groundbreaking method for converting carbon dioxide into formate, a solid fuel with versatile applications. This innovative technology not only addresses carbon emissions but also offers a practical solution for energy production and household heating. Formate, specifically potassium formate, is a widely utilized…
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Somalia refuses to accept Ethiopian naval base in breakaway region
🇸🇴🇪🇹 Somalia will never accept Ethiopia’s plan to build a naval base in its breakaway region of Somaliland, but would consider granting Ethiopia commercial port access if discussed bilaterally, a senior Somali official said. Landlocked Ethiopia sparked a diplomatic row with Mogadishu in January by signing a deal with Somaliland to lease 20 km (12…
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Niger and China sign crude oil MOU worth $400 mln, says Niger state TV
Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN reported late on Friday. RTN did not provide details on the agreement. Niger’s military authorities and CNPC could not be…
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Nubank partners with Wise to launch a global account and tap into travel banking
The news 🗞️ Nubank, Brazil’s FinTech gem and one of the world’s largest digital banks with over 90 million customers, has partnered with Wise Platform to launch a new global account and international debit card for its premium Ultravioleta customers. This marks an important step for Nubank into the travel segment and further strengthens Wise’s international growth ambitions. Let’s take…
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Moderna pauses Kenya plant plans as COVID vaccine demand wanes
🇰🇪 Moderna had paused its plans to build a vaccine manufacturing facility in Kenya, following a post-pandemic decline in demand for COVID-19 vaccines.The move is in line with Moderna’s strategy of resizing its manufacturing network to cut costs, even as it aims to spend around $4.5 billion this year in research and development of several…
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Russia begins diesel exports to Sudan, LSEG data shows
🇸🇩🇷🇺 Russia has begun diesel exports to Sudan as Moscow seeks new markets for its refined products after an EU embargo, LSEG data shows.Since the full EU embargo on Russian oil product imports was imposed in February 2023, diesel supplies have been diverted to Brazil, Turkey, countries in Africa, Asia and the Middle East as…
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UK and Rwanda look forward to first migrant deportation flights in spring
🇷🇼🇬🇧 British Prime Minister Rishi Sunak and Rwandan President Paul Kagame are looking forward to the first flights under Britain’s plan to deport asylum seekers to Rwanda departing in the spring, a readout of their meeting said on Tuesday. Sunak wants to relocate thousands of asylum seekers who arrive in Britain on small boats each…
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Kenya and Central African Republic strengthen ties
🇰🇪🇨🇫 Kenya’s President William Ruto made a 24-hour visit to the Central African Republic on the weekend, holding talks in Bangui with President Faustin Archange Touadera. It was the first time a Kenyan head of state had visited the country and Touadera thanked him for coming to Bangui. During the visit, Ruto paid tribute to…
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