Business

Beijing, China | AFP | China will “take necessary measures” if the United States harms the country’s economic interests, a Chinese official said Sunday, as President Donald Trump plans to impose tariffs on steel and aluminium. “China doesn’t want a trade war with the United States,” Zhang Yesui, spokesman for …

Douala, Cameroon | AFP | Talking fast and dreaming big, William Elong shows off the first “made in Cameroon” drone at his sixth-floor workshop in downtown Douala, minutes from the economic capital’s Atlantic seafront. The 25-year-old, known as a high-flyer after being named one of Forbes’ most promising young Africans …

Lagos, Nigeria | AFP | Fishing boats look like specks alongside Egina, which has been moored for the last month in Lagos. Even the container ships that normally dominate the port look like small boats. The floating production storage and offloading facility (FPSO), developed by the French group Total, looks …

TMEA hopes to raise $100m within the next five years to pay for the projects Kampala, Uganda | AGENCIES | Construction of a new logistic hub in Gulu, northern Uganda, completion of a One Stop Border Post along the Uganda-Democratic Republic of Congo (DRC) frontier, improvements at Entebbe International Airport and …

Kampala, Uganda | THE INDEPENDENT | Kenya’s Treasury Secretary, Henry Rotich, has indicated plans to repeal the rate cap law as part of the contentious reforms demanded by the International Monetary Fund to extend a frozen Kshs 153bn emergency standby facility that expires this month. The facility, which is designed …

Kampala, Uganda | THE INDEPENDENT | The East African Court of Justice has dismissed an appeal filed by Castro Pius, a Tanzanian national, seeking to block the East African Community from signing the Economic Partnership Agreement (EPA) with the European Union. The Court said the appellant’s conduct in seeking to …

THIS WEEK: Nurses threaten to sue company over botched Benghazi deal Kampala, Uganda | THE INDEPENDENT | Popular employment sourcing company Middle East Consultants has been put on spot by a group of medical workers that had been promised jobs in Benghazi Libya. The company is said to have promised a …

Paris, France | AFP | By opting to place heavy tariffs on imports of steel and aluminium, US President Donald Trump is on the surface hoping to protect jobs at home. Yet his policy threatens not only to frustrate trade partners but also cost US workers dear, many analysts as …

Hong Kong, China | AFP | Steel and aluminium producers across Asia sank Friday on news of Donald Trump’s controversial tariffs, though some analysts said the long-term effects on the sector might not be as bad as thought. The president said Thursday he would slap levies of 25 percent on …

Kolwezi, DR Congo | AFP | In early 2014, according to local folklore, a man digging a septic tank or a well in his garden in Kasulo came across rocks with a distinctive grey-green sheen: cobalt. From then on — rather like the find at Sutter’s Mill in 1848 that …