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Thursday, September 24, 2020

Ghana Cocoa Buyers Say a Lack of Funds Curbs Bean Purchases

Purchasers are buying cocoa on credit from producers Some buyers stopped taking bean deliveries from farmers Ghana’s industry body for cocoa purchasers said its members are struggling to pay farmers for their crops because the regulator isn’t reimbursing...

Migrants remit $429bn to developing countries in 2016

Migrants from developing countries sent 429 billion dollars to their countries of origin in 2016, Ms Louise Arbour, UN Special Representative for International Migration, has said. Arbour said this in her remarks to the session on the latest round of consultations on a two-day Global...

Ghana sells $89 mln of 3-year cedi bond at 18.5 pct

ACCRA - Ghana accepted 393.6 million cedis ($88.9 mln) worth of bids for an oversubscribed three-year domestic bond sold on Friday at a yield of 18.5 percent, the central bank said. The government of President Nana Akufo-Addo, who took power in January, is trying...

Senegal Closes Finance Deals for $1 Billion Urban Rail Project

By Malick Ciss Senegal closed finance arrangements for a $1 billion urban rail project for its capital after finalizing an agreement with the African Development Bank. The AfDB agreed to offer 120 billion CFA francs ($212 million) for the project that will link Dakar with...

Thousands of Nigerian girls at risk of trafficking as sex workers, IOM says

Nigerian girls trafficked to Italy by criminal networks 80 percent are "potential victims" of sexual exploitation - IOM Some end up in Spain, Germany, France, Austria, UN agency says By Stephanie Nebehay GENEVA, July 21  - Thousands of Nigerian migrant girls being brought to Italy...

Angolan president, dogged by health rumours, back from Spain

Angolan President Jose Eduardo dos Santos has returned from Spain more than two weeks after he left the country on a “private visit”, the presidency said Thursday, as rumours of ill health swirl. The 74-year-old leader, who has been in power since 1979, had left...

South Africa’s Inflation Rate Falls to a 19-Month Low in June

By Arabile Gumede Central bank forecast to keep benchmark rate unchanged Core inflation rate unchanged for three months at 4.8% South Africa’s inflation rate fell to its lowest in 19 months in June, creating room for the central bank to shift toward looser monetary policy. Inflation...

Zimbabwe Capital City Plans $100 Million Housing Bond This Year

Step seeks to tackle decades-long housing shortage in Harare Earlier bid to raise funds via the central government failed Zimbabwe’s capital city plans to raise a $100 million bond this year to finance the building of new homes...

Kenya Bond Rally Fueled by Investors Who Have Run Out of Options

By Adelaide Changole Index of government debt gains everyday for more than 2 months Banks’ holdings of government debt has risen to a record Kenya’s best bond rally in at least five years has less...

South Sudan’s president declares state of emergency in home state

NAIROBI  - South Sudan's President Salva Kiir has declared a three-month state of emergency in his home state, where clashes have raged for months between clan-based militias, the government spokesman said on Tuesday. Michael Makuei, who is also the information minister, said the army would...
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