The price of cocoa, the raw material for chocolate, reached its highest level in 47 years on international markets. This was due to a severe shortage of supply, caused by difficulties in the main cocoa-producing regions of Ghana and Ivory Coast. In New York, cocoa exceeded $6,000 per tonne, while …
Read More »Air New Zealand plans to use an electric plane from 2026
Air New Zealand announced on Wednesday its plan of becoming the first airline to fly an electric plane, by integrating a battery-powered plane into its fleet from 2026 for freight transport. New Zealand’s national airline has ordered an Alia electric plane from American aerospace manufacturer Beta Technologies. The device is …
Read More »Nearly 3 tonnes of cocaine seized from a ship in Senegal
A Senegalese navy patrol boat has announced the seizure of nearly 3 tonnes of pure cocaine from a vessel it intercepted 150 km (93.21 miles) off the coast on Tuesday, the navy said in statement. It said the boat and its cargo had been escorted to the Admiral Faye Gassama …
Read More »U.S. Deputy Treasury Secretary hopes Congress will extend US-Africa program
U.S. Deputy Treasury Secretary Wally Adeyemo on Thursday said he hoped Congress would extend a trade program that grants exports from qualifying African countries duty-free access to the U.S. market, hailing the strategic opportunities in the region. Adeyemo told the Reuters agency that the two-decade-old African Growth and Opportunity Act …
Read More »Saudi Arabia to sign deals worth more than $500 million with African countries
The Saudi Fund for Development will sign agreements worth 2 billion riyals ($533 million) with African countries, Saudi Finance Minister Mohammed Al-Jadaan said on Thursday during the Saudi-Arab-African Economic Conference in Riyadh. “We are working with partners to support Ghana and other countries regarding their debt,” Jadaan added. Saudi Investment …
Read More »Russian companies interested in Equatorial Guinea’s minerals
Russian President Vladimir Putin says that Russian companies have a “serious” interest in extracting mineral resources in Equatorial Guinea. He held talks with Equatoguinean President Teodoro Obiang Nguema on Thursday in Moscow, where both leaders agreed to boost bilateral ties. “The potential investment capacity is big, and your country’s capacity …
Read More »US to exclude four African countries from its trade program
U.S. President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade program. Biden said he was taking the step because of “gross violations” of internationally recognized human rights by …
Read More »Amazon to launch online shopping service in South Africa
U.S. e-commerce firm Amazon announced it would launch its online shopping service in South Africa in 2024, entering a market dominated by Naspers’ TakeAlot, Reuters reported. The online retail giant said starting on Tuesday, independent sellers in South Africa could register their businesses on its marketplace website. The launch of …
Read More »Air France postpones resumption of its flights to Mali
Air France announced the postponement until further notice of the resumption of its flights to Mali, after the government of this country declared on Wednesday that it had not yet given authorization for their restart. Air France said on Tuesday it would resume flights to and from Mali’s capital Bamako …
Read More »TotalEnergies sued in Mozambique for terrorist attack
Three survivors and four relatives of the victims of a terrorist attack in Mozambique have sued the French multinational oil company TotalEnergies. The survivors and relatives, who are British and South African, are accusing Total of involuntary manslaughter and negligence for failing to protect its subcontractors. Dozens of people including …
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