Dar es Salaam — The use of improved variety of sunflower seeds has lifted production, thus renewing hopes that Tanzania will soon become independent in production of cooking oil, a new study has shown. Tanzania imports about 60 percent of its cooking oil requirements, spending up to $250 million in
AfricaPLC | News Contributor
COVID-19: Nigerian military begins mass production of ventilators, PPE kits
The Nigerian military says it has successfully produced a ventilator using local content and has begun mass production of Personnel Protective Equipment (PPE) kits and more units of ventilators to cushion its shortage in the country and boost the fight against the deadly Covid-19 (Coronavirus). John Enenche, Director, Defence Media
Covid-19 pandemic pushes Africa towards recession
The outbreak of Covid-19 has left Africa facing the prospect of its first recession in 25 years, with countries dependent on oil exports or struggling with political instability on the frontline. Recent World Bank analysis predicts growth in Sub-Saharan Africa could fall to -5.1% this year, a sharp drop from
FMDQ lists FMN bonds, infrastructure debt fund, others
FMDQ Securities Exchange Limited has admitted to its platform the Flour Mills of Nigeria Plc’s Series 3 N12.49bn Tranche A and N7.50bn Tranche B Fixed Rate Senior Unsecured Bonds under the N70bn bond issuance programme. The Exchange also admitted for listing on its platform the Chapel Hill Denham Nigeria Infrastructure
Morocco Maintains Stable Agriculture, Fisheries Exports Despite COVID-19
Rabat – The export operations of Moroccan agricultural and fisheries products continue to run normally, despite the COVID-19 crisis, a press release from Morocco’s Ministry of Agriculture stated on April 17. The supply of the national market is also regular and follows strict safety and hygiene measures in the packaging and processing units,
Minet, clinic launch telemedicine service
Insurance brokerage Minet Kenya and virtual medical clinic SASAdoctor have launched a telemedicine solution at a time of limited human interaction. Minet Kenya chief executive Sammy Muthui said the service was aimed at reducing instances where customers have to visit a clinic or a drugstore. “Our partner SASAdoctor will attend
Cairo Poultry approves sale of its stake in Egyptian Starch and Glucose Company to Cairo 3A
EGYPT – The board of directors of Cairo Poultry Company, subsidiary of the Americana group, have approved the final offer submitted by Cairo 3A to acquire its stake in the Egyptian Starch and Glucose Company (ESGC). ESGC is a public traded company, whose major shareholders are the Americana Group, leading Restaurants
