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South Africa’s Denel faces funding gap for restructuring

PRETORIA (Reuters) – South Africa’s cash-strapped state defence firm Denel will need around 3 billion rand ($170 million) to cover a funding gap for a restructuring plan it is aiming to execute over the next 12 to 18 months, company executives told Reuters on Thursday. Once a cornerstone of South Africa’s defence industry, Denel, which …

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Africa regional air safety agency ASECNA says threatened with wildcat strike

DAKAR (Reuters) – A 48-hour strike planned by some staff of French-speaking West Africa and Madagascar aviation safety agency ASECNA starting on Friday, could impact some flight operations in the region, the agency said in a statement on Thursday. ASECNA said two of its six flight information regions could be affected by the strike despite …

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Cameroon and oil trader Vitol reach agreement over refinery debt restructure

YAOUNDE (Reuters) – Cameroon’s national oil refining company, SONARA, has reached a deal with oil trader Vitol to restructure its commercial debt towards the Dutch energy and commodity trading company, the country’s finance minister said on Thursday. The deal could be a step towards improving liquidity and guarantee supply of refined products to Cameroon, which …

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Spain supports ‘mutually acceptable’ solution for Western Sahara -Sanchez

NEW YORK (Reuters) – Spanish Prime Minister Pedro Sanchez said on Thursday that Spain supports a “mutually acceptable political solution” regarding Western Sahara. “We fully support the work of the UN Secretary Special Envoy, work that we deem to be absolutely crucial,” Sanchez said during his speech to the United Nations General Assembly. “Spain will …

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Ivory Coast snails seen as ‘caviar’ as deforestation curbs habitat

By Loucoumane Coulibaly AZAGUIE, Ivory Coast (Reuters) – As deforestation reduces the natural habitat of the giant African snail, entrepreneurs like Bernus Bleu are carving out a profitable niche market with farms for the delicacy whose slime is also in demand for cosmetics. Bleu has been breeding the molluscs and teaching others how to raise …

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Ivory Coast snails seen as ‘caviar’ as deforestation curbs habitat

By Loucoumane Coulibaly AZAGUIE, Ivory Coast (Reuters) – As deforestation reduces the natural habitat of the giant African snail, entrepreneurs like Bernus Bleu are carving out a profitable niche market with farms for the delicacy whose slime is also in demand for cosmetics. Bleu has been breeding the molluscs and teaching others how to raise …

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Mali economy expected to grow 4.2% in 2022 despite sanctions, says president

BAMAKO (Reuters) – Mali’s economy is expected to grow by 4.2% in 2022, interim President Assimi Goita said during an address to the nation on Thursday. The West African country was under stiff economic and financial sanctions for the first half of this year due to the ruling military junta’s failure to hold promised elections. …

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