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AFRICAN & MIDDLE EAST NEWS
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FESCO completes first container shipment to Tanzania, opens Russia-East Africa trade lane
Although 45 days is longer than on typical direct routes, the successful navigation opens alternatives for shippers seeking diversified routing options.
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Pick n Pay sells US$269M Boxer stake to fund recovery plan
Retailer says proceeds will support business recovery efforts and expansion plans
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Western Cape storms disrupt South African table grape operations, threaten future yields
The flooding coincides with this essential maintenance window, so delays in recovery will directly reduce future harvest volumes.
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PBC secures cocoa-backed financing facility to clear farmer payments
PBC has secured a financing facility backed by 30 million cocoa stocks to pay farmers, aiming to ease liquidity pressure and restore confidence in Ghana’s cocoa supply chain.
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IFC commits US$40M loan to boost Egypt’s sugar beet production, self-sufficiency goals
IFC’s $40 million loan will support sugar beet cultivation in Egypt as the country targets sugar self-sufficiency and expands private-sector investment in agribusiness.