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Thursday, August 6, 2020

Danone expands Fan Milk production capacity in Ghana

PARIS May 23  - Danone and its Dubai-based private equity partner Abraj will together invest $25 million to expand production capacity at the Fan Milk dairy business in Ghana, the French food group said on Tuesday. Attracted by the spending power of a growing middle...

Ivory Coast cocoa output hits record 2 mln tonnes – Ouattara

ABIDJAN (Reuters) - Ivory Coast has brought in a record cocoa crop of 2 million tonnes of beans with three weeks still left in the 2016/17 season, the top producer’s President Alassane Ouattara said on Wednesday. The figure is higher than Reuters’ most recent exporter...

Buhari to to discuss with ECOWAS Presidents on single currency regime Dec. 21

Presidents of Economic Community of West African States (ECOWAS) are to meet on December 21 in Abuja to consider recommendations on the proposed single currency regime for the sub-region. Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this on Saturday...

Ghana gold output up 10.2 pct to 2.805 mln oz in 2017 -Chamber of Mines

ACCRA (Reuters) - Ghana’s gold output rose to 2.805 million ounces in 2017, up 10.2 percent from the previous year, data from the Ghana Chamber of Mines showed on Friday. The growth reflected a general increase in output across most of the 12 mining firms...

BAIC expects first cars from South African plant by early 2018

PORT ELIZABETH, South Africa (Reuters) - Chinese car-maker BAIC said on Tuesday it expected the first vehicles to roll off its new 11 billion rand ($826 million) South African assembly plant early next year, with most of the vehicles destined for export. The factory, near...

Distell Eyes Nigeria, Angola Expansion in Rights Offer Drive

By Janice Kew South African drinks company eyes deals in rest of continent Maker of Amarula would first look to increase debt threshold Distell Group Ltd. will consider raising funds through a rights issue as South Africa’s largest alcoholic-drinks maker seeks acquisitions outside its home...

Ivory Coast and Ghana Seek to Counter Cocoa Slump Together

Ivory Coast and Ghana, the world’s largest cocoa producers, said they will work together to derive more value from growing beans after a slump in prices hurt their economies. The two West African nations will better coordinate the production and marketing of cocoa while boosting...

Niger Pepper Farmers Return to Crop as Terror Threat Fades

By Saley Moustapha Hassane and Olivier Monnier Government lifts ban on red pepper farming, key crop for Niger Niger lawmaker says ending prohibition ‘question of survival’ OCTOBER 25, 2017 – After two years of living on family handouts, Issa Kaloumbou has returned to his red...

Kenyan bank KCB looks to M&A deals for growth -CEO

NAIROBI (Reuters) - KCB Group, Kenya’s biggest bank by assets, is looking to bolster growth by joining a wave of consolidation in the country’s banking industry in the next few years, its chief executive said on Monday. Kenyan banks are moving to consolidate in...

S/Saharan Africa economies to recover slightly by 2.6 pct in 2017 -IMF

DAKAR May 9  - Economic growth in sub-Saharan Africa is expected to recover slightly to 2.6 percent this year after hitting a more than two-decade low last year as commodity exporters struggled with lower prices, the International Monetary Fund said on Tuesday "The overall weak...
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