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Cameroon’s Biya warns of disaster for Central Africa financial stability

YAOUNDE (Reuters) – Cameroon’s President Paul Biya warned on Monday of “disastrous consequences” for the countries of the Economic and Monetary Community of Central Africa if urgent action is not taken to address their deteriorating net external reserves. The member countries – Cameroon, Gabon, Chad, Equatorial Guinea, Central African Republic, and the Republic of Congo …

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Ghana’s president-elect plans to reform cocoa sector, restructure regulator

By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana’s president-elect, John Dramani Mahama, has pledged to revamp the cocoa sector and reorganise the state-run regulator, aiming to stimulate growth and improve efficiency in the world’s second-largest cocoa producer. In an interview with Reuters on Friday, he criticised the cocoa industry structure where the cocoa marketing board …

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South Africa’s smoggy Sasolburg illustrates conflict between economy and clean air

By Tim Cocks SASOLBURG, South Africa (Reuters) – From the moment Mpho Putsoenyane’s daughter Hlompho was born in Zamdela, a South African township beside the smokestacks and gas flares of Sasol’s oldest coal-to-liquid refinery, the baby struggled to breathe. Last year, when she was four months old, she turned purple and started gasping. Her parents …

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South Africa’s Takealot bets on townships to fend off global rivals

By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s biggest e-commerce retailer, Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas and fend off increased competition from global rivals, its CEO told Reuters. Attracted by growth potential and South Africa’s strategic position, companies have invested in the country’s price-conscious e-commerce market. …

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