Vice, media group renowned for its eponymous magazine, just announced it has entered into a JV agreement with Econet Media, to develop Kwese Vice, a multi-platform broadcast network (accessible on smartphones and computers for example). Kwese Vice, whose offices will be in South Africa, will start operating in 2018. Kwese Vice’s main audience will be African millennials, Africans born between...

Over the first nine months of 2017, Egypt has exported 4.1 million tons of agricultural products, Reuters was told by the country’s ministry of agriculture’s spokesperson, Hamid Abdel Dayim. This volume is 13.9% up from what the nation exported a year before, knowingly 3.6 million tons, over the same period. In the first of the year also, the sector recorded an increase (+12.1%). More...

Located 18 km South of Libreville and operational since June 2017, the New Owendo International Port (NOIP) was inaugurated last October 14 by the Gabonese president, Ali Bongo Ondimba. Built in 18 months, through a public-private partnership, between the State, Olam International and the Africa Finance Corporation, the new infrastructure cost close to CFA181 billion. According to Gabon’s...

In 2017, Algeria produced 3.5 million tons of cereals, Reuters reported citing an official from the Ministry of Agriculture.  Though this output slightly exceeds (+3%) last year’s (3.4 million tons), it is still below the 4 million tons the country recorded in 2015 and far behind 2009’s (6.12 million tons).   Harvest this year covered 3.5 million hectares and...

At the end of August 2017, Senegal’s trade deficit stood at CFA191.1 billion ($345 million), according to a monthly report on the economic situation released by the National Forecast and Economic Analysis Office (DPEE in French). This led to a 17.5% slump in goods exports, however paired with a 25.5% increase in imports, from July to August, 2017. Indeed, Senegal exported for CFA101.4 billion...

Germany just signed with Ghana a memorandum of understanding providing the West African nation €100 million to develop its renewable energy sector. The provision of these funds fall under the G-20 Compact programme which aims to ensure Africa’s sustainable development. The convention which looks at developing renewables and promoting energy efficiency also involves technical...

In a bid to participate to Congo’s agricultural development, Rwanda wishes to acquire and exploit arable lands in the country. This was revealed by Rwanda’s ambassador near Congo, Jean-Baptiste Habyarimana, as he met with Congo’s minister of land affairs and State domains, Pierre Mabiala. “Congo has lands and Rwanda has experience in the agricultural sector since a significant proportion...

Developing nations focused Belgian investment fund, Bio-Invest, has invested €40.5 million in loans and assets acquisitions in Africa’s financial sector, in 2016. According to the firm’s 2016 annual report, its most important commitment in this sector amounts to €14.23 million, and is a number of loans to Fidelity Bank Ghana. There is also a €10 million loan granted to...

In Q3 2017, Roxgold’s Yaramoko gold mine in Burkina Faso has produced 24,410 oz of the ore, bringing its total output for the year to 91,970 ounces so far. The mine’s processing plant has processed over the period reviewed 66,670 tons of gold grading 13.55g/t Au. “We are very pleased to report continued solid production performance for the quarter at Yaramoko. With approximately...

Togo’s High Authority for Broadcasting and Communication (HAAC) has during a meeting held on October 12, 2017, with Press leaders, given details concerning the sum and provision and repartition modalities of the State subsidy to the press for 2016. Regarding the amount, it is CFA100 million that the government has disbursed. The technical commission in charge of the subsidy’s management has...