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Armyworm caterpillars ravage maize crop in southeast Congo

Crop-destroying caterpillars known as armyworms have ravaged 63,000 hectares of maize in southeastern Democratic Republic of Congo since December, causing local maize prices to...

Uganda inches closer to oil production by 2020

Partners in Uganda’s oil and gas are closer to making a final investments decision following the announcement that three companies will be involved in technical studies for upstream development.

Britain pledges extra $250 million to fight famine in South Sudan, Somalia

Britain will provide additional aid money to South Sudan, where famine has been declared in parts of the country, and to Somalia, where there is a credible risk of famine, the government said on Wednesday.

IMF to Help Somalia Print First Banknotes in Quarter Century

The International Monetary Fund is backing Somalia’s plans to replace tattered currency notes that were printed before the Horn of Africa nation plunged into...

AfDB officials visit The Gambia for dialogue and portfolio review

An African Development Bank mission, in collaboration with the World Bank Group has visited Banjul, Gambian to engage with the new authorities and discuss...

South Africa’s Steinhoff and Shoprite scrap merger plan

South Africa's Steinhoff and grocery retailer Shoprite have called off a deal to create an African retail giant, they said on Monday, following opposition...

Nairobi limits flights to salvage Kenya Airways’ fortunes

Kenya is limiting the issuing of new licences for global airlines seeking to exploit the strategic Nairobi hub in a protectionist move aimed at...

Nigeria yet to decide how much to borrow from World Bank

Nigeria has not decided yet how much it wants to borrow from the World Bank, its budget minister said on Wednesday, to help pay...

South Africa’s ANC attacks banks over forex rigging charges

South Africa's ruling ANC party called on Thursday for the toughest possible sanctions against more than a dozen local and foreign banks accused of...

IMF to extend Ghana’s three year bailout program

The International Monetary Fund is expected to extend Ghana’s three year program with the Fund after some targets under the bailout deal were missed...

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