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Drought, armyworms cut Malawi maize crop by 19 percent: minister

Malawi’s maize output declined by 19.4 percent in the 2017/18 farming year to 2.8 million tons due to damage caused by drought and crop-eating armyworms. According to the Agriculture Minister Joseph Mwanavekha, the decline is...

Nigeria’s economic growth slows for first time since end of recession

Nigeria’s economic growth slowed in the first quarter of 2018 for the first time since the country pulled out of recession last year as the non-oil sector struggled, the National Bureau of Statistics said...

Maize prices in Kenya hit six-month low

The cost of dry maize, a major staple in Kenya, has declined to a six-month low following increased imports in the past weeks. The decline comes as a big relief to households in the East...

Swiss make raids in probe linked to Angola sovereign wealth fund

Swiss authorities have raided several locations in Switzerland as they ramp up a criminal investigation into suspected money laundering connected to crimes involving Angola’s sovereign wealth fund and its central bank, prosecutors said on...

Government buys six planes to revive Uganda Airlines

Uganda's government has bought six planes in the hopes of reviving the national carrier following its liquidation in 2001. Works and Transport minister Monica Azuba-Ntege said on Wednesday that the government has made the initial...

Nigeria awards $6.7 billion rail contract to Chinese firm

Nigeria has awarded a $6.68 billion contract to the China Civil Engineering Construction Corporation (CCECC) for work on a major segment of a railway linking the country’s commercial hub Lagos, in the southwest, and...

Botswana’s President Eyes Jobs in New ‘Marriage’ With De Beers

Botswana’s president, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current 10-year deal expires in 2020 and for more gems to be processed locally. The conclusion of an accord is...

Chinese-operated mine becomes big employer in Namibia

Kerryb Puuahee, 31, is proud of breaking new ground in the male-dominated mine industry by becoming a female heavy equipment operator at a Namibian mine. The young mother is a 330-ton haul truck operator at...

Rwanda inches closer to AfCFTA ratification

Rwanda will soon complete the ratification process of the African Continental Free Trade Area (AfCFTA) agreement and will in the coming few days submit ratification instruments to the African Union secretariat in Addis Ababa,...

Africa encouraged to take advantage of China’s Belt and Road initiative

An international business expert urged African countries here on Thursday to take advantage of the China-proposed Belt and Road Initiative for their own development. In an interview with Xinhua during the One Day Ghana-Nigeria investment...