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·Botswana: Mugabe Accuses De Beers of Looting Zim Diamonds
The Zimbabwe government has accused diamond giant De Beers of looting gems from the controversial Chiadzwa mining fields over a period of 15 years without declaring the proceeds to the state.
·South Africa: Optimum Coal Aims to Raise R1,6 Billion in Listing
COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month. It expects to raise about R1,6bn in the initial public offering (IPO).
·Zimbabwe: Cotton Farmers Breach Contracts
Busi Matutu is fed up with cotton farming. The past year has not been as rewarding as she expected.
·Nigeria: Shell Shuts Down Sapele, Oben Gas Plants
Oil and gas giant, Shell Petroleum Development Company of Nigeria, SPDC, has shut down its gas plants at Sapele and Oben saying it was a temporary measure pending the re-commissioning of its vandalised Trans Forcados Pipeline, TFP.
·Namibia: Sugar, Milk Freed From VAT
SUGAR and fresh milk will be VAT zero-rated soon, according to an amendment to the Value Added Tax (VAT) Act tabled in Parliament yesterday.
·Kenya: Tea Sector Earnings Rise
Kenya's tea sector continued on the upswing with good returns in earnings last year, recording US$920 million (Ksh69 billion) in revenue from exports to its traditional markets in Europe.
·Tanzania: Coffee Board to Set Minimum Price for Buyers
TANZANIA Coffee Board (TCB) will this year introduce an indicative price system to enable farmers fetch competitive prices and curb illegal smuggling of the cash crop to the neighbouring countries.
·Nigeria: Jonathan Orders Ajaokuta, Itakpe to Resume Operation
Acting President Goodluck Jonathan yesterday ordered the Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore Mining Company (NIOMCO), Itakpe to resume operation.
·Gambia: Farmers at Ndukebbeh 'Secco' Paid, Cash Needed to Buy More Groundnut
The manager at the Ndugukebbeh groundnut buying centre ('Secco"), Sambou M. Sonko has informed this reporter that he has paid all farmers who sold their nuts to his secco on credit basis. Mr. Sonko made this statement at the village "Secco" on Tuesday 2nd March, 2010 in an interview with this reporter on the plight of those farmers who complained that they were yet to receive their money after they sold their nuts on ...
·Uganda: Revitalise Coffee Sector Tap Into World Markets
In the late 1970s and early 1980s, coffee was Uganda's cash cow. Over the years the crop's production and performance on global markets has dwindled. Coffee production is dropping in the wake of increased demand and consumption for the crop globally.
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