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August, 24, 2016

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Business > Africa
Agriculture exports 'boost Tunisia's economy'
Tunisia's tourism-dependent economy, badly affected by two deadly jihadist attacks on foreign tourists this year, has been helped along by olive oil and date exports, the finance minister said Friday.
 
Egypt signed a contract Saturday to buy two Mistral warships, whose sale to Russia Paris canceled because of the Ukraine crisis, a delegation member with the visiting French prime minister said.
 
The rapid spread of cellphones across Sub-Saharan Africa is transforming the region, but record levels of growth are due to slow sharply, an industry report said this week.
 
Clooney's South Sudan coffee reaches Europe despite war
Mired in civil war for 21 months, its oil-based economy in tatters, South Sudan is an unlikely source of upmarket coffee capsules for European consumers.
 
Nigeria's oil firm NNPC said Sunday it had signed a deal with a consortium of local and foreign lenders to develop 36 oil wells that would also boost domestic power generation in Africa's largest crude producer.
 
As mining companies in resource-rich Africa bleed jobs due to plunging commodity prices, the ripple effect of redundancies has raised concern about social unrest amid declining economic growth.
 
Young people don't have many places to socialize in conservative Algeria. But now the North African's country's youth are discovering something their counterparts in the West embraced a generation ago: the shopping mall.
 
Natural gas power generation should be prioritized to help tackle South Africa's dire energy crisis that has hobbled growth and led to rolling black-outs, said a report released Tuesday.
 
Nigeria's Dangote Cement has announced a US$4.34 billion deal with Chinese construction company Sinoma International Engineering to build plants across Africa.
 
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