Connect with us

Uncategorized

Morocco restricts tomato exports to manage high domestic prices. Smart move?

Published

on

The head of Morocco’s main fruit and vegetable exporters’ group has revealed the country restricted tomato exports since late February with a total ban in place from last week until Thursday to lower domestic prices.

The head of the Federation of Moroccan Exporters of Fruits and Vegetables (FIFEL), told journalists that the Agriculture Ministry had agreed on a daily quota of tomato exports last month before stopping all exports from March 18 to 22, with a lower quota of 700 tonnes a day from Thursday.

Higher-priced produce such as cherry tomatoes, which represent more than half of the North African country’s tomato exports, are not included in the restrictions, Aderdour said.

He further revealed that exporters were given a quota of 1000 tonnes but that was less than the usual 1500 tonnes they used to have.

“We are failing to honour our long-term supply contracts,” one trader said, noting that most contracts with British clients are signed a year ahead at fixed prices.

“The credibility of Morocco as a stable tomatoes supplier to both the EU and UK market is at stake,” he added.

The ministry is yet to respond to Reuters calls for comment and did not immediately answer a request for comment.

Morocco’s central bank recently increased its benchmark interest rate for the third time in a row by 50 basis points to 3% as part of measures to fight inflation.

Food inflation jumped to 20.1% last month, bringing general inflation to 10.1%, a level unmatched since the 1980s.

Uncategorized

Socialist Party accuses Zambian ruling UPND of abducting its candidates

Published

on

Zambian opposition party, the Socialist Party (SP), has accused the ruling United Party for National Development (UPND) of masterminding the abduction of its candidate for the Kaunga Ward by-election in Luangwa district of Feira Constituency, Maneya Mwale.

The SP, in a statement in Lusaka, also called on security agencies to arrest the UPND’s Lusaka Province Chairperson, Obvious Mwaliteta, for the alleged abduction of Mwale.

SP’s Vice President, Dr Cosmas Musumali, said Mwaliteta should be arrested together with his District Chairperson, Anderson Banda.

Musumali, who made the call at a media briefing in Lusaka, alleged that Mwaliteta, Banda and other people mentioned kidnapped his party’s candidate.

He also accused the ruling party and President Hakainde Hichilema of being behind such activities that had continued to happen in all the ward elections in the country.

“Those who know this President know that he micromanages everything. He has hands on type of leadership and this kidnapping have not happened once but have been happening, nothing has been done, no one has been arrested, what’s the conclusion, the conclusion is that he is okaying it, he sees nothing wrong with it and the Head of State who swore to uphold the rights and Constitution of Zambia,” Musumali said.

“This is something that can not be done without HH tolerating it, facilitating it and even giving it a go ahead. If it’s done once I would agree with you that some rogue UPND members did it outside his control,” Musumali added.

He also claimed that the UPND was not ready to uphold the democratic tenets of the country and were using all means necessary to win the elections.

“The candidate in Kaunga Ward, like in the other 6 Wards, was abducted during the nominations day, which forced the Socialist Party to look for other candidates and Hichilema has remained silent on such activities,” Musumali noted.

Musumali further called on the Electoral Commission of Zambia to invalidate the nominations for Chikenge and Chisanga wards and set a new date for filling in of nominations.

“We further demand that the Commission should ban the UPND from participating in these two wards due to the crimes committed, which are against the electoral code of conduct,” he demanded.

He expressed that “hell would have broken lose had it been the other way round, and that Socialist Party leader Dr Fred M’membe would have been called all sorts of names by the UPND and their surrogates.”

“This is the winning formular for the UPND, kidnapping, abductions have become child’s play for them, they are endangering people’s lives, you have the audercity to abduct a 22 years old girl and pointing a gun to her head,” Musumali said.

Continue Reading

Uncategorized

Nigeria’s bleak economy will turn around by December— Tinubu

Published

on

President Bola Tinubu has once again assured Nigerians that the country’s wobbling economy will experience a complete turnaround by December.

Tinubu, who gave the assurance on Friday when state governors and the leadership of the National Assembly paid him a courtesy visit in Lagos, said he was very optimistic of the economy bouncing back by the end of the year due to the reforms and policies of his administration.

The President added that to achieve this, there must be a unity of purpose and deeper collaboration among the Federal Government, state governors and members of the National Assembly to achieve national development goals.

“Our economy has turned the corner. In the coming months, the economy will roar back to glory. By December, I hope we will have cause to celebrate,” Tinubu said while addressing his visitors.

In a statement after the meeting released by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu said the hardship Nigerians are currently going through will soon be over once the economy recovery process is completed.

Also speaking at the event, Vice President Kashim Shettima expressed optimism about the resurgence of the country’s economy and called for collective efforts to propel the nation forward.

“Let us unite, rally around our leader, and catapult this nation to a greater pedestal. By December, I hope we will have a reason to celebrate. Let us coalesce to take the nation to a greater pedestal.

“This gathering cuts across ethnic, religious, and political lines. Here, we have Pastor Eno of Akwa Ibom and Father Hyacinth of Benue, and as the President was seated, he was asking, ‘Where is Wammako, where is Yari’?

“That is the hallmark of true leadership. What binds us together supersedes whatever it is that may divide us,” the VP said.

Continue Reading

EDITOR’S PICK

Tech8 mins ago

Nigeria’s NGX Group enters into strategic investment partnership with Ethiopian Securities Exchange

Leading Nigerian integrated market infrastructure group in Africa, the Nigerian Exchange Group (NGX), has announced strategic investment in the Ethiopian...

Culture19 mins ago

Namibia govt condemns tourists posing naked on Big Daddy Dune

The Namibian authorities have frowned at tourists who posed naked at the Big Daddy Dune, the country’s top tourist attraction...

Sports34 mins ago

Domestic worker sues Pitso Mosimane, wife following debilitating injuries

Former Mamelodi Sundowns of South Africa and Al Ahli of Egypt coach, Pitso Mosimane, and his wife, Moira Tlhagale, have...

Metro6 hours ago

Media polarisation blamed for biased coverage, civil society leader calls for mindset shift

Chama Mwansa, Executive Director of the Chandarika Women and Youths Foundation, has attributed media biases to the similarities in coverage...

Metro7 hours ago

Nigeria: 118 prison inmates escape after rainstorm destroys facility

At least 118 inmates of the Medium Security Custodial Centre in Suleja, Niger State, in northern Nigeria, have reportedly escaped...

Tech1 day ago

Tanzania’s auto-tech startup Spana is simplifying car maintenance— CEO

Tanzania’s auto-tech startup, Spana, has developed a mobile application for a bouquet of automobile services, enabling individual car owners and...

Culture1 day ago

Nollywood thrown into mourning as another veteran actor Zulu Adigwe passes on

The Nigerian movie industry, popularly known as Nollywood, has once again been thrown into mourning with the death of veteran...

Sports1 day ago

Zambian FA boss, Gen.Sec arrested over alleged laundering of K341,902

President of the Football Association of Zambia (FAZ), Andrew Kamanga, has been arrested along with the Secretary-General and two other...

Metro1 day ago

Luapula businessman, Munsanje, reflects on media freedoms and freedom of expression

As stakeholder engagement intensifies regarding the ongoing project to amplify voices on media freedom, freedom of expression, and digital rights,...

Musings From Abroad1 day ago

World Bank stops tourism fund to Tanzania’s Ruaha park. Here’s why

A spokesperson for the World Bank said on Wednesday that the lender had stopped all new payments from a $150...

Trending