Some armed men who are thought to be Central African rebels descended once again in Cameroonian territory on September 23, 2017. They kidnapped seven people in Koya, a village in the district of Kette in the eastern region, we learned from relevant sources. A military operation carried by Cameroonian security forces however helped retrieve four of the hostages. Unfortunately, the remaining three...

In partnership with the Mauritius-based holding Monnaie Africa, Milost Global, a Private Equity firm based in New York (US) which recently distinguished itself by acquiring various assets and investing in sub-Saharan Africa, has launched an investment fund for SMEs in the region.  The fund’s major shareholder is Milost Global itself with a 70% stake. The firm which was founded and is led...

In Cote d’Ivoire, total volume of cocoa transported to the main export sites reached two million tons on September 24, 2017, up nearly one third of the volume transported during the previous season (1.5 million tons). According to Reuters, 10,000 tons of the brown gold were conveyed to the ports of Abidjan and San Pedro, between September 18 and 24, which is a little less than half of the...

“Lesedi La Rona”, the second biggest diamond ever discovered was sold for $53 million (€44.7 million). This was announced Monday by Lucara Diamond Corp, the firm that found the stone in November 2015 at its Karowe mine, in Botswana. Regarding how it will be cut, Laurence Graff, founder of Graff Diamonds, company that bought the stone which is the size of a tennis ball, declared:...

In 2016-2017, tourism generated more than $3.32 billion of revenues for more than 886,800 tourists visiting Ethiopia.   This was disclosed by the Ethiopian minister of culture and tourism, on the sidelines of the World Tourism Day, Xinhua reported.  However, according to the press agency, the Ethiopian government has expressed, repeatedly, its concern over the stagnating number...

Emirati port operator, Dubai Port World (DP World) will inject $30 million in the construction of a second port in Bargny (about 30km south of Dakar), and purchase of new equipment for the Dakar autonomous port. This was revealed by the Presidency, in a statement released after a meeting between Senegal’s president, Macky Sall, and DP World’s CEO, Ahmed Bin Sulayem (picture), yesterday,...

Egyptair plans to increase its fleet with 38 new planes which it will purchase for EGP60 billion (about $3.4 billion). This was announced last Sunday by the firm’s CEO, Safwat Musallam, local press reported. The related contract will see the carrier acquire various types of aircrafts including 27 narrow-body aircrafts and 6 Jumbo Jets. According to Safwat Musallam, the planes which will...

The international “water 2017” conference  held in Israel a week ago provided the government an opportunity to prospect for new partners in the field of water treatment and supply in Gabon. The Minister of Water and Energy, Patrick Eyogo Edzang, who led the Gabonese delegation to this conference, had a working session with the managers of the water company Odis, based in Tel...

Last Saturday, September 23, a delegation of Malagasy experts visited Saint-Louis, in Northern Senegal, as part of a mission to share Madagascar's knowledge and experience in terms of agricultural land management with members of the Project for Inclusive and Sustainable Development of Agribusiness in Senegal (PDIDAS). This was reported by the Agence de presse senegalaise (APS). “The two...

African Export and Import Bank (Afreximbank) plans to mobilize up to $1 billion in equity, over the next five years, to boost trade across the continent. According to data from the World Bank, intra-African trade over the past decade has increased significantly, now representing about 15% of the continent’s total trade volume. This is lowest for a continent worldwide, comparing to Asia...