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Five Injured As Edo Market Goes Up In Flames

Five Injured As Edo Market Goes Up In Flames

A trader, identified simply as Mama Chichi, yesterday died when explosion rocked Evbuotubu Market in Egor Local Government Area of Edo State. Five others were injured in the fire which accompanied the explosion which reportedly came from adulterated kerosene. Several traders bemoaned their losses in the fire outbreak. The woman, who died, was said to […]

Zimbabwe Opens Women’s Bank

Zimbabwe Opens Women’s Bank

The much-awaited women’s bank is set to open next Tuesday after the Reserve Bank of Zimbabwe (RBZ) authorised its operations and issued it with a licence, a Cabinet minister said yesterday. Women Affairs, Gender and Community Development Minister Sithembiso Nyoni said President Mnangagwa will officially launch the bank before the end of this month. Addressing […]

Unwanted Cameroon Cocoa Is Said to Ruffle Latest London Delivery

Unwanted Cameroon Cocoa Is Said to Ruffle Latest London Delivery

Unwanted cocoa from Cameroon disrupted the latest exchange delivery in London as one trader was forced to split large piles of beans into smaller bags, according to people familiar with the matter. Swiss company Ecom Agroindustrial Corp. had to break down two piles of 1,000 metric tons of beans from Cameroon for delivery as several […]

Coffee Waste Is Now Fetching a 480% Premium Over Coffee Itself

Coffee Waste Is Now Fetching a 480% Premium Over Coffee Itself

Aida Batlle grows coffee on her family’s farm in the hills surrounding El Salvador’s Santa Ana Volcano. Like generations before her, she had little use for the skin that encases the beans, so she’d turn it into cheap fertilizer or, more frequently, trash it. Then one day, walking past some husks drying in the sun, a smell hit […]

Surprise Kenya Rate Cut Puts Lending Rate Cap In Focus

Surprise Kenya Rate Cut Puts Lending Rate Cap In Focus

Kenya’s central bank cut base interest rates for the first time since September 2016 on Monday, fuelling talk that a government cap on commercial lending rates introduced in the same month will be modified or removed soon. The 50 basis point cut in the benchmark lending rate to 9.5 percent took much of the market […]

S.Africa Gold Miners’ Silicosis Lawsuit Settlement Expected Within 6 Weeks

S.Africa Gold Miners’ Silicosis Lawsuit Settlement Expected Within 6 Weeks

South African gold producers will likely reach a settlement within six weeks in a lawsuit over a fatal lung disease that companies have set aside 5 billion rand ($420 million) in provisions for, a lawyer and industry group said on Sunday. “I am confident we will finalise the settlement within six weeks,” Richard Spoor, the […]

Biggest Ghana Mining Union Plans Protests Over Gold Fields Jobs

Biggest Ghana Mining Union Plans Protests Over Gold Fields Jobs

Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation.  Gold Fields is committing “acts of corporate greed […]

May Calls Scottish, Welsh Leaders to Discuss Brexit

May Calls Scottish, Welsh Leaders to Discuss Brexit

U.K. Prime Minister Theresa May spoke to First Minister of Scotland Nicola Sturgeon and First Minister of Wales Carwyn Jones after setting out her Brexit priorities and plans for trade relations in a London speech. May told the leaders late Friday the U.K. would seek “customs arrangements that would lead to as frictionless trade as […]

Ghana Risks the Anger of 800,000 Cocoa Farmers

Ghana Risks the Anger of 800,000 Cocoa Farmers

The government of President Nana Akufo-Addo in Ghana will struggle to sidestep one of its most difficult decisions since coming to power a year ago: telling a crucial constituency to accept a pay cut. The New Patriotic Party-led government has little choice but to end subsidies for its 800,000 farmers that will likely cost almost […]

EU Is Refusing to Budge on Post-Brexit Financial Services

EU Is Refusing to Budge on Post-Brexit Financial Services

U.K. banks will have limited access to the European Union’s single market after Brexit if the government refuses to weaken its red lines, the European Commission told diplomats, according to two people familiar with private discussions in Brussels. While the British government is aiming for a wide-ranging agreement to give financial institutions full EU access, […]

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