Western Libya Political Figures Appear to Nix Oil Deal

Opposition from top political figures in Libya’s U.N.-backed government in Tripoli to a deal announced Friday to resume the country’s oil production appears to have put the agreement on hold, at least for the moment. The deal between eastern Libyan military commander Khalifa Haftar and the Tripoli government’s deputy prime minister, Ahmed Maitiq, prompted negative […]

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Cameroon Bans Cereal Exports to Nigeria

Cameroon has blocked cereals exports, including millet and corn, to Nigeria as a food security measure after a production drop.  Authorities blamed the decrease in food production on its northern border on the threat from Boko Haram terrorists. Damian Kinkoh of the food control unit of Cameroon’s Trade Ministry says about 6,000 metric tons of […]

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Africa Looks to Tax Tech Giants as Economic Fallout From COVID Bites

Tax officials in Africa estimate that government revenues will drop between 10 and 30 percent in 2020 as a result of the economic fallout stemming from the coronavirus pandemic. But while businesses in the hospitality, construction and retail sectors have suffered, digital companies have boomed as more people stay home and conduct their activities online. […]

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South Sudan Central Bank Lowers Interest Rates in Response to COVID-19

South Sudan’s central bank took steps Wednesday to bolster the economy amid the COVID-19 lockdown, but an analyst warned the economy will only improve after the government restores peace and security. The COVID-19 disease is caused by the coronavirus. The central bank lowered interest rates from 13% to 10%  and lowered the cash reserve ratio from 15% […]

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US, Kenya Officially Launch Trade Talks

The United States and Kenya formally launched negotiations Wednesday on a bilateral trade deal, which the countries hope could be replicated across Africa. “Under President [Donald] Trump’s leadership, we look forward to negotiating and concluding a comprehensive, high-standard agreement with Kenya that can serve as a model for additional agreements across Africa,” said U.S. Ambassador […]

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