Posted in Production

South Sudan, Sudan Address Economic Crises

JUBA / WASHINGTON – South Sudan’s central bank said Friday that it planned to ban the use of foreign currency nationwide to prevent further depreciation of the South Sudanese pound against the U.S. dollar after prices of food and other basic commodities have skyrocketed in…

Continue Reading... South Sudan, Sudan Address Economic Crises
Posted in Production

Ethiopia Demands Explanation on US Aid Cut

ADDIS ABABA – Ethiopian officials are demanding an explanation from the U.S. after it announced this week it would cut millions of dollars in aid after Ethiopia’s decision to begin filling a reservoir at a massive hydropower dam on the Nile River.  Egypt…

Continue Reading... Ethiopia Demands Explanation on US Aid Cut
Posted in Production

Tanzanians Approach Election with Economic Advances, Rights Squeezed

DAR ES SALAAM – Tanzania is heading toward October elections after five years under President John Magufuli.  He has initiated major infrastructure projects and fought official corruption. But critics accuse Magufuli of ignoring concerns about the projects and cracking down on opponents and freedom…

Continue Reading... Tanzanians Approach Election with Economic Advances, Rights Squeezed
Posted in Production

Zimbabwe Signs $3.5B Compensation Deal With White Farmers

HARARE – Zimbabwe’s government signed a $3.5 billion agreement Wednesday to compensate white farmers displaced during a sometimes-violent land redistribution program two decades ago. The government hopes the deal will attract foreign investment to improve the battered economy, but the country will have…

Continue Reading... Zimbabwe Signs $3.5B Compensation Deal With White Farmers
Posted in Production

Cameroon Dispatches Healthcare Workers to Find, Treat Hepatitis Patients

YAOUNDE – Healthcare workers in Cameroon are marking World Hepatitis Day (July 28), to raise awareness of the virus, which causes inflammation of the liver and kills about 300 people per day in Sub-Saharan Africa.  While global coverage of a birth dose vaccine for Hepatitis…

Continue Reading... Cameroon Dispatches Healthcare Workers to Find, Treat Hepatitis Patients
Posted in Production

Sherritt Debtholders Approve Transaction to Improve Sherritt’s Capital Structure

TORONTO–(BUSINESS WIRE)–Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) announced today that the holders of the Corporation’s outstanding (i) 8.00% senior unsecured debentures due 2021, (ii) 7.50% senior unsecured debentures due 2023, and (iii) 7.875% senior unsecured notes due 2025 (the “Noteholders”) and…

Continue Reading... Sherritt Debtholders Approve Transaction to Improve Sherritt’s Capital Structure
Posted in Production

Madagascar receives USD 2.13 million from African Risk Capacity Insurance Company Limited Policy for Drought Response

Johannesburg, South Africa, July 03, 2020 – The Government of Madagascar today received a symbolic cheque in the amount of USD 2,13 million from the African Risk Capacity Insurance Company Limited (ARC Ltd) to cover anticipated losses to livelihoods of its vulnerable population…

Continue Reading... Madagascar receives USD 2.13 million from African Risk Capacity Insurance Company Limited Policy for Drought Response
Posted in Production

Sherritt Provides Important Information and Update on Key Dates for its Transaction to Improve its Capital Structure and Stakeholder Meetings

TORONTO–(BUSINESS WIRE)–Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) announced today the filing of an amended version of the plan of arrangement (the “Plan of Arrangement”) pursuant to which its previously announced transaction to improve its capital structure (the “Transaction”), described in the…

Continue Reading... Sherritt Provides Important Information and Update on Key Dates for its Transaction to Improve its Capital Structure and Stakeholder Meetings
Posted in Production

UN Provides $40 Million in Response to New Ebola Outbreak, Other Emergencies in DR Congo

GENEVA – The U.N. has released $40 million from its Central Emergency Response Fund to help tackle a new outbreak of Ebola and other health and humanitarian crises in the Democratic Republic of Congo. The re-emergence of Ebola in Mbandaka, in DRC’s Equateur province,…

Continue Reading... UN Provides $40 Million in Response to New Ebola Outbreak, Other Emergencies in DR Congo
Posted in Production

Confusion, Frustration Reign as Uganda’s Public Transport Resumes Operation

KAMPALA, UGANDA – Public transport and taxi service resumed Thursday in Uganda, nearly three months after they were halted to control the spread of COVID-19, the disease caused by the coronavirus. New restrictions and regulations, mainly on taxis, however, have left many Kampala…

Continue Reading... Confusion, Frustration Reign as Uganda’s Public Transport Resumes Operation