Category: INTERNATIONAL
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Algeria: Milk Import Bill Down 23 Percent Over First Five Months
The milk import bill (including the raw materials) decreased down to $399.71 million during the first five months of 2016, against $519.04 million during the same period of 2015, down by 23%, the Customs told APS. The imported quantities (milk powder, milk cream and milk fat used as inputs) also fell but of lesser rate…
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SA consumers increasingly ‘cautious’ when shopping, says McKinsey
Retailers will have to increasingly demonstrate that they offer customers value for money if they want to attract and retain the country’s “cautious consumer”, research from management consultants McKinsey & Company suggests. “Our research shows that the perception of value for money is by far the biggest factor influencing South African consumers,” note the South…
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Nigeria:Africa Rising_Smartphone penetration hits 30%
Penetration of mobile phones has remained on the upward swing in Nigeria with about 94% penetration being reached. However, statistics from Africa Infotech Consulting (AIC) also showed that smartphone penetration in particular has increased dramatically; gaining about 30% penetration with features phones having a 70% penetration reads Guardian.ng. According to him, globally Facebook has over…
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S.A:Consumers might see maize shortage this year
South Africa, which is set to produce the smallest maize crop since 2008 this year, may miss a target to import enough maize this season to meet consumers’ needs, the biggest agricultural lobby group said. “It is still unclear whether we will be able to see the forecast 1.1 million tonnes by the end of…
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Kenya:Treasury gives KQ Sh10bn loan for turnaround plans
Troubled national carrier Kenya Airways has received Sh10 billion soft loan from the National Treasury, giving the airline muscle to implement its turnaround strategy. The government borrowed the cash from China’s Exim Bank on behalf of KQ whose fortunes have dwindled in the last five years hurting its ability to book debt on its own.…
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Egypt: Gas Supplied to 715,000 Housing Units At Investments of Egp1.5 Billion
Petroleum Minister Tareq al-Molla asserted that the national project on supplying natural gas to houses is one of the main strategic projects currently being carried out in Egypt and a main pillar of the government’s program for improving services offered to citizens and easing burdens on them. A report, the minister received from deputy head…
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Angola halves growth forecast, cuts spending as oil price bites
Angola has halved its 2016 economic growth forecast and slashed government spending as lower oil prices hammer state revenues in Africa’s largest crude exporter, the finance ministry said on Monday. Sub-Saharan Africa’s third-largest economy will grow 1.3 percent this year, compared with a previous forecast of 3.3 percent, the finance ministry said in a statement.…
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Nigeria: Oil Workers Likely to Call Off Strike After Meeting With Govt
Senior oil workers union under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) are likely to call off their almost five-day-old nationwide strike following a successful meeting with the federal government yesterday in Abuja, THISDAY has learnt. The paper gathered that the meeting which was held at the office…
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Egypt: Gas Supplied to 715,000 Housing Units At Investments of Egp1.5 Billion
Petroleum Minister Tareq al-Molla asserted that the national project on supplying natural gas to houses is one of the main strategic projects currently being carried out in Egypt and a main pillar of the government’s program for improving services offered to citizens and easing burdens on them. A report, the minister received from deputy head…
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Ethiopia, Morocco to Beef Up Relations
Prime Minister Hailemariam Dessalegn met with Moroccan Foreign Minister Salaheddine Mezouar yesterday to discuss ways of strengthening cooperation and partnership between Ethiopia and Morocco. African Affairs Director General with the Ministry of Foreign Affairs Girma Temesgen, who attended the talks, told journalists that the discussion focused on how both countries could elevate their relations and…