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India lifts ban on rice export to seven countries including Côte d’Ivoire, Cameroon, Guinea, Seychelles

India has validated exports of rice to seven countries including Côte d’Ivoire, Cameroon, Guinea and Seychelles several months after banning the export of the crop in view of meeting the needs of the domestic market and reducing increasing prices. Per the decision to lift the ban, ‘Sika Finance’ reports, India will send 1.34 million tons […]

Energy Headlines

Mali’s Yara Oil in talks with IFC for €20.7m loan

Mali’s leading energy supplier and distributor “Yara Oil” is in advanced talks with the World Bank’s private sector financer, the International Finance Corporation (IFC), for a loan of €20.7 million earmarked to finance its domestic expansion plan, “Sika Finance” reports. Per the expansion plan, the company founded in 1983, will start 10 new distribution stations […]

Africa Business Features Finance Headlines International

Burkina Faso hikes minimum monthly wage by 46.5 per cent up from $51

Burkina Faso has adopted a decree increasing minimum monthly wage to up $75 from $51, few days following talks between Labors Unions and the National council of private employers. The measure, Sika Finance reports, does not apply for the agriculture sector. Labor Unions late last month inked a deal with the country’s private employers’ Council […]