African Farmers Struggle To Feed   Continent's Booming Population

African Farmers Now Supported With Mobile Drought Insurance

Due to extreme dry weather conditions, African farmers are seriously affected by their crops failure with little or no more money to replenish their lands or support their families. With the mobile drought insurance, farmers are protected from such harsh conditions by paying a small surcharge fee upon purchase of seeds and fertilizers registered with an insurance company.

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Wheat harvesting in full swing ahead of Baisakhi festival

South Africa's Wheat-Import Tariff Increase Could Worsen Inflation

South Africa is experiencing wheat shortages prompting grain importation. The increased tariff has been approved but Treasury requested the Trade and Industry sector to review it as it will affect the prices of staple food.

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Fuel Shortages In Nigeria Cause Queues At Gas Stations

Major Oil Companies Fund Nigeria's $200 Million Fuel Imports

Nigeria is suffering from fuel shortages as well as lack of hard currency. Four major oil companies agreed to finance the country’s $200 million fuel import along with the lack of the dollars to sustain the country’s fuel needs.

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Opec Oil Ministers Meeting As Output Likely To Remain Unchanged

Angola Seeks IMF Help as Oil Price Hit The Economy

The second largest oil producer in Africa will start negotiate with IMF next week for a bailout program. Continuous drop of oil price hit Angola economy after years of prosperity from oil production.

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Nigeria's Ntel Seeks $1 Billion Investment for 4G LTE Service Expansion

Ntel is seeking $1 billion loan investment for its 4G mobile broadband expansion for 2020 to take advantage of the increasing number of smartphone users in Africa. It will start its 4G LTE service to Abuja and Lagos by April 8 competing with other Nigerian four company internet and broadband providers.

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Kerry Announces $600 Million Development Fund For Nigeria, Agrees Forming Working Groups

The US has halted all sorts of cooperation to Nigeria on the allegation of human rights abuse and corruption by Nigerian army during the regime of Goodluck Jonathan. But under the leadership of President Muhammadu Buhari, the encouraged US has vowed for extending economic and security support forming working groups. John Kerry, the US Secretary of State has also announced $600 development assistance for Nigeria.

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Egypt Unveils Special Economic Program To Attract Foreign Investment

Last week, the Bank of Egypt has increased its benchmark rates following a devaluation of local currency by 10%. The moves are believed to be parts of measures taken by the government to address the shortage in foreign currency reserves. Now, the Egyptian government has announced on Sunday a new special program to secure foreign aid and investments.

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African elephant (Loxodonta africana) small group of elephants drinking at a waterhole in Mashatu Game Reserve. Botswana

Hawaii Ivory Trade Will Soon Be Banned

Hawaii lawmakers are seeking to pass the bill on ivory trade ban. Thousands of African elephants and rhinoceros are being slaughtered because of their tusks and horns. Smugglers see Hawaii as their gateway to Asia to market illegal ivory and if left unregulated, the state would become the largest illegal ivory market.

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Egyptian Stock Exchange And Central Bank

Bank of Egypt Mulling For Tougher Foreign Exchange Regulations Cracking Down The Black Market

A black market for dollars has absorbed liquidity from the Egyptian banking system over stressing country’s foreign reserves. Egyptian pound has been weekend ignoring several steps adopted by CBE. Finally, it has started mulling to enact tougher regulations on regulating the foreign exchange market.

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Acciona SA To Ramp Up South Africa Business After Solar Success

Solar Power, South Africa's Answer to Energy Crisis

South Africa's energy crisis will now be answered by the launching of the largest solar farm built in Northen Cape. It could generate power that could supply electricity from renewable energy to 75,000 households yearly.

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Facebook CEO Mark Zuckerberg At IIT Delhi

Facebook sees growth in Asia despite India's ban on Free Basics

Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.

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French Maintain Ivory Coast Buffer Zone

Ivory Coast President Said Al-Qaeda Terror Attack Wouldn’t Impede With The Country’s Economic Progress

In the wake of the Al-Qaeda attack on a beach resort in Ivory Coast, the country’s president has tighten the security measures across the nation. Ivory Coast is striving to improve its economy, especially through foreign investment.

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 Easy Jet Air Compagny C.E.O. Stelios Haji-Ionnou In France On August 29, 2001.

Fastjet Bows To Founder’s Call Removing CEO And General Counsel With Immediate Effect

Fastjet founder Stelios Haji-Ioannou has called for removing its CEO and suggested for other restructuring. Though the African budget carrier has decided for keeping the CEO as an advisor for another year, but finally decides to address its founder’s call. However, the founder has accused the Fastjet CEO for representing unrealistic revenue forecast.

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Cairo Central Bank Chairman Tarek Amer Interview

The Egyptian Central Bank Devalues Currency Against US Dollar, Mulls For Raising Benchmark Rates

Economists and analysts have repeatedly been suggesting for devaluation of local currency in a bid to ease pressure on foreign currency reserves. But the Egyptian central bank has refrained from doing so considering surge in inflation. The inflation has been recorded as the lowest in February during the last six months and the bank has devalued the currency on Monday.

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Investing In African Mining Indaba

South Africa's Manufacturing and Mining Output Contract, Slow Down Economy Even More

South Africa's output in the manufacturing and mining sector might not be a good sign to start the year right. More mining sites stopped their operations creating illegal mining. The president should do something as investors are skeptical on how he handles the country's economic situation.

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