US treasury secretary on 11-day African tour to counter China inroads

US Treasury Secretary Janet Yellen started Wednesday an 11-day trip to Africa, aimed at deepening economic ties on the continent where China has become a key player. Yellen’s travel to Senegal, Zambia and South Africa comes after a detour to Switzerland where she was to meet Chinese Vice Premier Liu He on macroeconomic issues. The […]

Morocco resumes tomatoes exports

Morocco resumed the exports of tomatoes capped at 1000 tons daily, professionals said, after a ban that lasted weeks. Morocco had banned exports of tomatoes to African markets and reduced shipments to Europe after prices surged to unprecedented levels. The government spokesman Mustapha Baitas had said that the measures were aimed at reducing prices in […]

Congo slams Societe Generale’s sale of its local branch to Vista Group

Authorities of Congo Brazzaville have rejected Societe Generale’s sale of its country subsidiary to Vista Group because the bank did not give it a right of first refusal, and wields legal action, Reuters reports. The Finance ministry of the central African country in a statement indicated that it was surprised by the announcement by SocGen […]