Connect with us

VenturesNow

Algeria announces ban on food export amidst potential global crisis

Published

on

Amidst the possibility of a food outbreak of a global food crisis in connection with the ongoing Ukraine/Russia war, President Abdelmadjid Tebboune of Algeria on Sunday, signed off an order to ban exportation foods it imports, such as sugar, vegetable oil, pasta, semolina and wheat derivatives.

The announcement followed a meeting of the Council of Ministers.

The presidential decision means that not only Algerian economic operators are not allowed to export food products made from imported raw materials, but also they risk legal action in case of infringement.

In addition, the Algerian President asked the government to “continue to completely ban the import of frozen meat and to encourage the consumption of locally produced meat”.

The new step by Algeria came as other countries have begun measures to safeguard their food reserves amid a rising food crisis resulting from the Russian invasion of Ukraine last month, which has aggravated a global surge in prices of key commodities, including food and oil.

Bread and other wheat-based products are staples of the diet in North African countries, which have been hard hit by the fallout of the Russian invasion of Ukraine.

Russia and Ukraine provide many countries with most of their wheat and vegetable oil supplies.

Slamreportafrica.com reported last week that Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country will diversify its sources of wheat to avoid relying on what he described as “specific sources” for this product.

Also last week, the richest man in Africa and chairman of the Dangote Group, Aliko Dangote of Nigeria, warned Nigerians to be prepared for an impending food crisis within the next two to three months.

Mr Dangote, then advised the government to immediately stop the ongoing export of maize abroad by some Nigerians, blaming the development on the ongoing conflict between Russia and Ukraine.

VenturesNow

Nigerien President, Mohamed Bazoum wants employment quotas for African immigrants

Published

on

Niger’s President Mohamed Bazoum wants employment quotas for African immigrants tailored to job needs from European countries.

President Bazoum made the position in an interview with an Italian newspaper, La Repubblica. on Friday.

The president’s argument is that the quota will address European countries’ needs for its labour market and could help resolve the problem of illegal migration and human trafficking.

“In France, Spain, and Italy you have many jobs in sectors of employment where Africans can work,” Bazoum said.

“These numbers need to be established, country by country, and then the consulates entrusted with the responsibility of enforcing them.”

Surveys of African migrants in or heading toward Europe reveal that the majority were either employed or in school at the time of their departure. Yet, they felt despair over their economic prospects.

Continue Reading

VenturesNow

IMF Chief, Ceyla Pazarbasioglu, to visit China over Africa’s growing debt profile

Published

on

As the debt profile of many African countries continues to rise, the International Monetary Fund strategy chief, Ceyla Pazarbasioglu will travel to China next week for another high-level meeting.

Her travel is part of efforts to press the world’s largest sovereign creditor for quicker progress on debt restructurings for countries in need.

The IMF chief had called for debt restructuring arrangements for Zambia and Chad to be completed shortly.

Pazarbasioglu said it was critical to move forward and that “outreach to China next week is very important, at the highest levels.”

“It’s moving – very slowly, but it’s moving,” Pazarbasioglu said, noting that the participation of mining company Glencore Plc in the Chad treatment was also “a very good sign” that “even the most difficult private sector participants” were participating.

She said the Paris Club of official bilateral creditors had taken years to hammer out their debt relief processes, and China was learning, although she noted that the debt issues facing borrowing countries now were acute.

“The problem we have is that we don’t have that time right now because these countries are very fragile and dealing with debt vulnerabilities,” she said. “What we need is speed.”

Pazarbasioglu said the IMF would continue to press for changes to the Common Framework, including a freeze in debt payments when countries apply for a debt treatment, as well as clearer procedures and timelines for action, and ensuring comparable treatment for private creditors.

Continue Reading

EDITOR’S PICK

Musings From Abroad9 hours ago

CLIMATE CHANGE: Germany to sign climate protection contracts with industries

As the cry towards a green environment intensifies amidst the increasing effects of climate change, Germany is taking a lead...

Metro24 hours ago

South African serial rapist gets four life imprisonment terms

A South African serial rapist and killer, Philani Justice Nkosi, has been sentenced to four life imprisonment terms by a...

Politics1 day ago

Like Mali, Burkina Faso junta suspends France’s RFI radio over broadcast of militant speech

West African country, Burkina Faso, has gone the way of its neighbour, Mali, as its ruling junta has suspended the...

Culture1 day ago

Egypt discovers Greco-Roman funeral building dating back centuries

The Egyptian Ministry of Tourism and Antiquities has announced the discovery of a massive Greco-Roman massive funeral building in Fayoum...

Metro1 day ago

Tanzanian court sentences 11 people to death for killing South African conservationist

A Tanzanian High Court has sentenced 11 people to death after they were found guilty of killing a South African...

Metro1 day ago

South African serial rapist gets four life imprisonment terms

A South African serial rapist and killer, Philani Justice Nkosi, has been sentenced to four life imprisonment terms by a...

Tech1 day ago

Ex-Jumia executives set to launch new e-commerce platform, Kapu

A couple of former executives of e-commerce giant, Jumia, have teamed up to float a new company to be known...

Sports1 day ago

Ghana coach, Otto Addo, resigns after World Cup ouster

Black Stars of Ghana coach, Otto Addo, has resigned following the team’s World Cup group stage elimination after suffering a...

Strictly Personal1 day ago

When the lenders come calling, govt will do worse than Nalule by Joachim Buwembo

When the now 40-year-old Gertrude Nalule lost her husband in a car crash a couple of years back, a bleak...

Sports2 days ago

Qatar 2022: Gallant Cameroon crash out of World Cup despite beating Brazil 1-0

The Indomitable Lions of Cameroon created another football upset when they became the first African team to defeat Brazil at...

Trending