Africa's CEMAC zone to grow 6 pct in 2012: regional c.bank
Wed, 08 Feb 2012 22:05:32 -0800
YAOUNDE (Reuters) - The economies of Central Africa's six-country CEMAC bloc will grow at an average of 6 percent in 2012, up from 4.8 percent in 2011, the governor of the zone's central bank said on Wednesday. Governor Lucas Abaga Nchama said that the bank forecast inflation at 1.7 percent, down from a November forecast of 2.2 percent. Nchama said the healthy growth would come from strong ...
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Africa losing out on billions in trade: World Bank
Tue, 07 Feb 2012 16:12:29 -0800
Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent, the World Bank said Tuesday.
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Barriers blunt trade within Africa: World Bank
Tue, 07 Feb 2012 21:55:34 -0800
WASHINGTON (Reuters) - South African grocer Shoprite spends $20,000 a week in import permits to truck meat, milk and other goods to its stores in neighboring Zambia. One of its trucks may need as many as 1,600 documents to cross a border in southern Africa. Another major South African retailer Woolworths pays full tariffs to transport food and clothing to its franchise stores within the Southern ...
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