“Twenty-three years is not a trivial number of years to spend in an institution. You’ve been a pillar of this institution. You’ve done very well.” It is...
A month ago, the UN Food and Agriculture Organization estimated the cost of fighting locust invasion in East Africa at $76 million. Today, estimates...
The growing Coronavirus outbreak is bringing a heavy blow to Kenya Airway’s revenues. The airline could lose about $8 million due to the epidemic,...
Algeria announced yesterday February 25 a first case of Coronavirus, the second on the continent, after that reported in Egypt. “The surveillance and...
In a new fundraising operation yesterday Feb 25, Côte d’Ivoire mobilized CFA60.5 billion on the WAEMU securities market through the issue of 3-month and...
Egypt will start manufacturing electric buses in its military production plants by November this year. According to the Minister of Military Production,...
The European Investment Bank announced on February 24 an envelope of €4 billion to support public and private investment in Africa this year. The...
Last year in Morocco, the service sector generated a total of 267,000 new jobs, including 223,000 in the urban area and 44,000 in the rural zone....
The government of Niger launched yesterday Feb 25 its 2020 Humanitarian Response Plan that aims to assist 1.8 million people in humanitarian need in the...
In its latest note on short-term economic and monetary outlook, the Central Bank of Tunisia found that the country's foreign exchange reserves stood...
The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank....
Rwanda's finance minister, Uzziel Ndagijimana (pictured), presented to parliament a draft bill aiming at increasing public spending by 4.8% for the...
The government of Burkina Faso is benefiting from CFA10 billion ($16 million) from the African Development Bank to speed up the Rural Clean Water and...
The Tanzanian government plans to bring mining shares in GDP to 10% over the next five years, from 3.5% currently. The plan was unveiled by PM Kassim...
Economic growth in Nigeria reached 2.27% last year, up from 1.91% in 2018, according to a report published this week by the National Bureau of Statistics...
Every year, the government of Uganda loses at least USh30 billion (more than $8 million) in the illicit trade of cigarettes. In an interview with...
Traffic in the port of Cotonou dropped by 1.85% last year to 10.09 million tons, against 10.28 million tons in 2018. The volume is also down the 11...
The African Development Bank (AfDB) granted €23.4 million for the development of the port of Bujumbura in Burundi. According to the Bank, €17.3...
The African Development Bank, in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special...
The World Bank will invest $7.5 billion in the countries of the Sahel region between 2020 and 2023, the Bank’s Managing Director of Operations, Axel...
Côte d'Ivoire and the German development bank KfW finalized, on Thursday 20 February, the agreement relating to the increase in the country's contribution...
The U.S. Agency for International Development (USAID) yesterday announced $8 million in aid for the locust control operations in Ethiopia, Kenya,...
In an interview with New Times, the British High Commissioner to Rwanda, Jo Lomas (pictured) said the United Kingdom is seeking to sign with the East...
Estimates by the UN Fund for Children (Unicef) show that a total of 2.9 million people need humanitarian assistance in Niger, with 1.6 million of them...
In Nigeria, the Consumer Price Index (CPI), which measures inflation, increased by 12.1 pct YoY in January this year, its highest level in 21 months, the...
Between January and November 2019, trade between Egypt and the rest of Africa slightly increased by 2.03%, reaching $131.35 million...
Provisional estimates by the Ivorian Ministry of Tourism show that the sector contributed about 7.3% to the country's GDP in 2019, against 6.25% in 2018....
The Director of Macroeconomic Policy, Forecasting and Research at the African Development Bank, Dr Hanan Morsy, has been named one of Egypt’s 50 most...
The Ethiopian government adopted, on Monday 17 February 2020, a draft amending the finance law allowing an increase by 27.9 billion birrs...
Manufacturing activity in Zimbabwe will fall to 27% in 2020 from 36% in 2019, according to the Chief Executive Officer of the Confederation of Zimbabwe...
The Kigali green city project will receive €9.6 million from the German development agency KfW. The project will be launched in Kinyinya, a town...
The United Arab Emirates vows $500 million to support digital economy transformation in Africa. The good news was announced last week by Reem al...
The port of Maputo, the largest in Mozambique, continues to improve its operational performance. In 2019, the platform handled 21 million tons of cargo,...
In a first fundraising on the WAMU securities market this year, Niger successfully raised a total of CFA31.4 billion. Compared to the initial target of...
The African Development Bank -AfDB- approved $1 million in aid to Uganda to support the National Ebola Viral Disease (EVD) Preparedness and Response...

Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

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Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
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Agribusiness
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