Morocco’s gross domestic product (GDP) at current prices, should reach $121.427 billion in 2017, against about $116 billion in 2016, according to forecasts found in the data report on Africa’s socio-economic indicators published by the African Development Bank (AfDB). According to the pan-African institution, the Moroccan economy should remain dynamic this year, mainly as a result...

Mining company, Cora Gold, through its subsidiary Cora Gold Mali, has inked a contract with Target Drilling, for drilling services at its flagship Sanankoro gold project, in the Southern part of Mali. The agreement plans for the launch of a drilling programme which is to begin at the end of November 2017 and end in the second quarter of 2018. This campaign will include 15,000m of aircore (AC)...

Overall loans granted by Moroccan commercial banks to the real estate industry stood at 211.7 billion dirhams at the end August 2017, thus a bit more than $22.37 billion. Year to year, this is up 4% compared to 2016.    This is the highest annual increase since the month of June 2016, reads the sectoral report of the Central Bank of Morocco, Bank Al Maghrib. This overall...

Vivo Energy Investment, firm distributing oil products (gasoline, gas, lubricants, diesel fuel, and aviation fuel) in 16 African nations is announced on the London Stock Exchange, with an initial public offering (IPO) valued at $3 billion. The news which was published in specialized U.S. media, quotes anonymous sources close to the case. It however does not give any detail on the volume of...

Startup Andela has secured $40 million via a new fundraising operation. Investors that contributed to the latter have formed a consortium whose leader is CRE Venture Capital, a company which focuses on African tech firms. Present in Nigeria, Kenya and Uganda, Andela was founded in 2014 to train software developers in Africa who would be hired by high-tech companies. The amount raised will...

The Commonwealth Development Corporation (CDC), UK’s finance development institution, plans to spend a little more than $4 billion in Africa over the next five years, in the form of direct and indirect investments. Some of the entity’s executives who are in fact actually visiting West Africa have revealed that in the framework of this new investment round, particular attention will be...

The conflict between Orange Cameroon and Camtel, the public telecommunication operator which holds the monopoly over the optic fiber’s management, seems to have come to an end. Indeed, in a mail sent on October 18, 2017, to the minister of posts and telecommunication, Elisabeth Medou Badang, the managing director of Orange Cameroon, confirmed the payment of the CFA1.6 billion that Camtel...

UN Women, the United Nations entity for women’s empowerment, has on October 15, 2017, which was the International day of Rural Women, recalled some of the inequalities suffered by women in access to agricultural land, in developing economies especially.  “Women farmers are ‘just as productive and enterprising’ as male counterparts, but often lack equal access to land, credit,...

The Tunisian Commission for Sanitation and Restructuring of Companies with public participations (CAREPP) has approved the sale of the State’s stake in the capital of the Banque de Tunisie et des Emirats (BTE), the lender announced in a statement released last Monday. The operation falls in the framework of that of a single block of shares making 77.8% of BTE’s capital and representing 100%...

In Uganda, Kwese TV has launched its activities last Tuesday. The operator thus entered a market which is dominated fully by MultiChoice and its DsTV offer. A factor which seems not to worry the team of Econet Media’s subsidiary. According to Herbert Mucunguzi who heads Kweze TV Uganda, the operator relies not only rich offer, but also on its quite flexible tariffs models. Indeed, the pay-tv...