Wilting flower exports hit Zambia
By Steve Schifferes
Economics reporter, BBC News, Lusaka, Zambia

March 9, 2009

On the outskirts of Lusaka, Angelique and Watze Elsinga have been growing roses for export for the last 14 years.

But now the speed of the global downturn is forcing them to give up the business, threatening the livelihoods of hundreds of workers and their dependents.

The sudden collapse of the prices paid for roses in Europe, due to diminishing demand and oversupply, has made their business uneconomic.

And they are being forced to sell their farm as they can no longer keep up their loan payments to Barclays Bank, which is demanding immediate repayment.

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Archived November 2006

NPP congratulates Kufuor on his election as AU Chairman

GNA – The New Patriotic Party (NPP) on Tuesday congratulated President John Agyekum Kufuor on his election as Chairman of the African Union saying by the achievement, he “has not only brought honour to himself and the NPP, but indeed to the entire nation”.....More