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Botswana suspends meat exports

An outbreak of foot and mouth disease in Ngamiland has forced Botswana to serve the World Trade Organisation and its trading partners notice of suspension of meat exports

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An outbreak of foot and mouth disease in Ngamiland has forced Botswana to serve the World Trade Organisation and its trading partners notice of suspension of meat exports.

In a filing published by the World Trade Organisation, Botswana said officials found five animals with signs of the disease in Ngamiland in the north, an area bordering Namibia and Zimbabwe.

“As a result of these findings the slaughter and movement of all cloven hoofed animals and their fresh products within and out of the Sehithwa, Toteng, Bodibeng, Kareng and Semboyo extension areas are suspended until further notice,” Botswana’s Department of Veterinary Services said in a statement.

Vaccination of animals has also begun.

Foot and mouth is a highly contagious and sometimes fatal disease affecting hoofed animals such as sheep, goats, cattle, buffalo and pigs, although it is not a direct threat to humans.

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Ivory Coast aims regional shipping hub, completes $953 million container terminal

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West African country, Ivory Coast is making waves at becoming a regional shipping hub as it has completed construction of a second container terminal at its main port in Abidjan.

The project, financed by China’s Eximbank by 85% and 15% by the Ivorian state costs about 596 billion CFA francs ($953 million).

The new container terminal, called Cote d’Ivoire Terminal (CIT), started operations on Nov. 1 but was officially unveiled at a press conference on Friday. It is able to receive large ships from Asia, Europe, and America that previously had to land goods in South Africa, transferring them to smaller ships to reach West Africa.

The technical director of the terminal Andre N’Doli, remarked “we are no longer a second port. We are becoming a hub,”

“In addition to national traffic, we will handle traffic from other ports that cannot accommodate large vessels,” he told reporters.

According to official data, there has been growth in recent years in the country’s maritime sector. Ivory Coast shipped goods worth USD 12,717 million in 2019, an -8.5% dip as compared to the previous year.

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Ghana makes strong push to save currency, Cedi, orders mining companies to sell 20% stock

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As part of its many initiatives to out of its current economic challenge, Ghana has ordered all large-scale mining companies to sell 20% of their entire stock.

The gold rich country wants the companies to pay the Bank of Ghana with refined gold at their refineries from Jan. 1, 2023.

According to Vice-President, Mahamudu Bawumia said in a social media post on Friday, the government is planning a new policy where gold rather than U.S. dollar reserves will be used to buy oil products.

The move is meant to tackle dwindling foreign currency reserves coupled with the demand for dollars by oil importers, which is weakening the local cedi and increasing living costs.

“The Bank of Ghana and the Precious Minerals Marketing Company (PMMC) will coordinate with the large-scale mining companies to ensure compliance with this directive,” the vice-president said.

“The gold to be purchased by the Bank of Ghana and the PMMC will be in cedis at spot price with no discounts,” he added.

The VP further revealed that community mining schemes and licensed small-scale miners will also have to sell gold to the government.

Statista reports that gold reserves in Ghana stood at a volume of 8.74 metric tons from the first quarter of 2015 to the third quarter of 2021.

Moreover, gold mine production in the country reached a volume of 150 metric tons in 2020, an increase compared to the previous year. Ghana did not suspend its production of gold in 2020 amid the coronavirus (COVID-19) pandemic.

Ghana hinted at the Gold for payment policy in May but the continued fall to a point of being rated worst in the world demands pragmatic measures. Hopefully, the gold-for-pay policy will bring some solace.

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