FMCGs in Nigeria–Profitable Strategies in Harsh Economic Times

Fast Moving Consumer Goods (FMCGs) such as Unilver (UNILEVER:NL) and PZ have adopted various measures to remain profitable in the current harsh economic climate. Unilever has opened a factory to manufacture butter in the country, and begun sales of retail packages for its tea and seasoning cubes. Other competitors such as Nestle and PZ Cussons (PZ:NL)…

Hail to (King) George Weah, Liberia’s New President, Facing Very Old “Wicked Problems”

For the first time since 1944, Liberia will have a democratic transfer of power as former soccer star George Weah is sworn in as the country’s new president today (Jan. 22). Weah won the presidency after run-off elections last December with 61.5% of votes. He takes over from Ellen Johnson Sirleaf, Africa’s first elected female president, who…

Central Bank of Somalia and Somali Financial Institutions Are Modernizing Banking Sector

  The Central Bank of Somalia (CBS) and Somali Financial Institutions (SFIs) are taking crucial steps to modernize national payments systems. Supported by the World Bank, the CBS and private financial institutions are streamlining their efforts to strengthen the inter-bank payment, clearing and settlement systems in Somalia. This development follows a five-day consultative forum held…

$500 Million Belonging to World Airlines Trapped in Angola

Angola still owes more than $500 million to international airlines including Emirates, Deutsche Lufthansa AG and Air France-KLM, one of many items in the in-tray of new President Joao Lourenco as he tries to revive the economy. Africa’s second-biggest oil producer is withholding repatriation of the funds amid a persistent shortage of foreign-currency reserves, according to the International…

Nigeria Verges on Genocide Amid a New Wave of Brazen Attacks by Fulani Herdsmen

Since the start of the year, Nigerians have been served bloody reminders that Boko Haram is no longer the country’s biggest internal security threat. States in Nigeria’s middle belt have been rocked by attacks from suspected Fulani herdsmen in a new wave of violence which primarily stems from disputes over grazing areas for cattle. Attacks in villages…

DR-Congo Wants Mores Taxes as Apple and Tesla Hunt for Cobalt for a “Clean Future”

    Our increasing reliance on rechargeable batteries is making the Democratic Republic of Congo reconsider how it values cobalt. Once a forgotten byproduct, the price of cobalt has tripled in the last two years and the world’s largest producer plans to profit off the demand.     Lawmakers in the capital Kinshasa are currently considering…

World Cocoa Supply Suffers as Cameroonian Farmers Abandon Plantations Amid Dictator’s Crackdown

 Thousands of cocoa farmers have fled violence between separatists and security forces in Cameroon’s Southwest Region, which grows more than 100,000 tonnes of beans, nearly half of the country’s output, farmers and buyers told Reuters. They said the clashes could put a dent in output from the world’s fifth largest cocoa producer, which is already…

Punishing Poor Mozambicans for the Actions of a Greedy Elite and a Major Swiss/British Bank

Poor Mozambicans are being punished for the actions of a greedy elite and a major Swiss/British bank, writes Joseph Hanlon, Senior Visiting Fellow in the Department of International Development. Fewer teachers will be hired this year, leading to even more overcrowded classrooms, and health spending is being cut, as donors reduce aid to Mozambique or shift…