The Pan-African Economy in Brief: Monday, April 5, 2021
WFP suspends evacuation program in northern Mozambique:
On March 24, the port city of Palma in Mozambique suffered an attack claimed by jihadists affiliated with the Islamic State. To assist people fleeing the violence, WFP had set up an evacuation program from the Afungi Peninsula.
Tanzania to Provide Broadband Connectivity to Mozambique:
Tanzania will provide high-speed fiber optic connectivity to Mozambique. The 2.4 billion Tanzanian shillings (USD) contract signed to this effect was unveiled to the press last week by Tanzania's Minister of Communications and Information Technology, Faustine Ndugulile. The Internet connectivity that Tanzania will provide to Mozambique will be through its national fiber optic network (NICTBB), whose extension to the border town of Mangaka has been entrusted to Raddy Fiber Solution.
Entrepreneur introduces African grains to the beer industry:
Brewsters Craft has launched Tolokazi, a South African craft alcoholic beverage brand, which uses African ingredients such as sorghum, rooibos (a local grain) and hops to make beer and cider. Based in Roodepoort, the company brews under contract for 12 brands. The name Tolokazi is inspired by the tribal women of that name, who are known for brewing a traditional beer called Umqombothi.
Nigeria's Seplat Petroleum reported on $650 million international bond issue:
Seplat Petroleum a Nigerian oil company, has issued $650 million in bonds in the international capital market, repayable over five years. The money, according to the company, will be used to refinance existing debt that is nearing maturity, as well as other expenses related to its operations.
Launch of a program of subsidies for vocational training centers:
The chargé de mission of the Ministry of Industry of Burkina Faso, Nalkesse Komikiyoaba, proceeded on Thursday, April 1, 2021, to the launch of a program of subsidies for vocational training centers and other structures of skills training. An envelope of just over 200 million CFA francs was made available to enable these institutions to offer training programs in several areas of development.