African Business News

Zambia turns to East Africa for its excess maize

Zambian grain traders are expected to sell off 382,640 tonnes of white maize to East African countries in a deal worth US$100 million.
Other produces expected to be exported to east African markets, including Kenya and Uganda, are soya beans and wheat.

The lucrative contract was clinched in Lusaka during the Regional Trade Facilitation Forum organised by the Eastern Africa Grain Council and Zambia Commodity Exchange with support of USAID’s East Africa Trade and Investment Hub and USAID’s Southern Africa Trade and Investment Hub.

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Nigeria continues to maintain top spot as Africa's largest oil producer

Nigeria has continued to maintain its position as the top producer of oil in Africa according to the Organisation of Petroleum Exporting Countries (OPEC) monthly report for the month of July. Nigeria has reclaimed its top position in June following a six month period trailing Angola due to the activities of Niger Delta militants.

Following meetings between Acting President Yemi Osinbajo and leadership of the Niger Delta region, a ceasefire was agreed and Nigeria returned to uninterrupted oil supply.

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IITA research eases fears over yam supplies as Nigeria kicks off export

Research being conducted by the International Institute of Tropical Agriculture (IITA) in seed yam multiplication holds promise and could help Nigeria to quadruple yam production, says Nigeria’s Minister for Agriculture and Rural Development, Chief Audu Ogbe, who ends a two-day visit in Ibadan today.

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What does Kenya’s New Railway Mean for OBOR?

China’s increasingly large footprint in Africa has generated both optimism and fear. The debate over whether China will improve African economies through sustainable infrastructure or undercut local markets through export-focused trade has been under increasing scrutiny as China prepares to embark on what many consider the “biggest development push in history.” In 2013, China announced its “One Belt One Road” (OBOR) project.

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