Africa

Egypt Urban Consumer Prices Rise Fastest In At Least 6 Years

Egypt’s urban consumer prices rose the fastest in at least six years in December, fueled in part by a 28.3 percent increase in food costs following t...

Kenya’s Worsening Drought Hitting Coffee Production

The late onset of Kenya’s second rainy season delayed coffee-bush flowering, and the subsequent drought will hurt the size and quality of the nation&...

Zambia Battles Ravaging Armyworms That Threaten Food Security

Zambia must intensify its fight against an outbreak of armyworms that is wiping out fields of the staple corn crop, posing a threat to the southern African...

Coca-Cola To Buy AB InBev Stake In Africa Unit For $3.2 Billion

Coca-Cola Co. has entered a deal to buy Anheuser-Busch InBev NV’s 54.5% stake in Coca-Cola Beverages Africa for $3.15 billion, the companies said....

Pernod Ricard To Showcase Leading Africa-Based Staff In Paris Exhibition

Drinks giant Pernod Ricard is to showcase 17 of its leading employees and executives that are operating in Africa at the 20th edition of the Paris Photo ex...

‘Catastrophe’ Seen By South Africa Agriculture Due To Drought

As South Africa’s worst drought in more than a century persists, crops besides grains are under threat as irrigation reservoirs drain, and that could...

Cocoa Beans To Bring Ghana Foreign-Exchange Market To Life

Ghana’s foreign-exchange market is about to be spurred to life: by cocoa beans. Currency transactions by Ghanaian banks are set to double as the g...

Cemoi Chocolate Sales In World No. 1 Cocoa Grower Beat Forecasts

French chocolate maker Cemoi Group said sales from its cocoa-processing plant in Ivory Coast exceeded forecasts in the operation’s first year as the...