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December, 4, 2016

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Business > Africa
Vanilla price bubble trouble for Madagascar
The sweet flavors of vanilla are taking on a bitter edge for buyers in Madagascar as prices have almost quadrupled but quality has declined, with experts blaming speculation, money laundering and a poor harvest.
 
Seaweed farmers in hot water as Zanzibar water temperatures rise
Waist deep in sparkling blue water off the white beaches of the Indian Ocean spice island of Zanzibar, seaweed farmer Mtumwa Vuai Ameir gently ties seedlings to wood poles.
 
While oil states reel from plunging oil prices and gas producers brace for American exports to hit the market, two west African nations are forging ahead with potentially massive extraction projects others might fear to touch.
 
Uganda to export oil via Tanzania
Landlocked Uganda on Saturday announced plans to export its future crude oil production via a new pipeline to be built to a Tanzanian port rather than via Kenya.
 
Outside a small store on a dirt track in the remote Ethiopian town of Doni, long lines wait for government cash handouts by the most modern of methods: mobile phone.
 
Burkina Faso, Africa's top cotton producer and the sole West African nation to venture into biotech farming, is dropping genetically-modified (GM) cotton on quality grounds.
 
Egyptian President Abdel Fattah al-Sisi and Saudi King Salman agreed to set up a US$16 billion investment fund Saturday and settled a long-standing maritime dispute as the monarch continued his rare visit to the country.
 
Nigeria's financial capital Lagos is running on fumes again.
 
Nigerian woman rare gem in macho diamonds world
Nigerian Thelma West is a rare gem in the diamond world as a woman in a male-dominated sector with few Africans, despite the continent being the main source of the precious rocks.
 
Zimbabwean President Robert Mugabe has announced that the government will take over all the country's diamond mines to stop foreign firms from siphoning off gems without declaring them.
 
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