According to the “Daily news Egypt” website, starting from September 28, 2017, telecoms subscribers may enjoy 4G internet on mobile phones in Egypt. The information was revealed by a senior official of the National Authority of Telecommunications Regulatory (Anrt). This should reassure all Egyptians who had doubts concerning the scheduled launch of the technology (this month), announced on...

Over the first eight months of 2017, Egypt’s textile products exports reached $941 million, thus 8.8% more than the year before, over the same period. This was revealed by the country’s Readymade Garments Export Council in its monthly report. Amongst the country’s main export destinations, US comes first generating $461 million of revenues for Egypt. This is up 6% compared to...

Nigeria’s film industry will generate more than $20 million in revenues by 2021. This is according to a report by PwC entitled “Entertainment and Media Outlook 2017-2021: An African perspective”. According to the report, these revenues which in 2016 were estimated at $14.4 million should grow steadily till 2021 when they, including the national box-office and advert earnings,...

Mining company Toro Gold has announced that development activities at its Mako gold project in Senegal are going according to schedule and remain within budget planned, indicating that the mine should produce its first gold in Q1 2018. They will take 18 months and $158 million will be needed to bring the project to a stable production stage.  “Since receiving the mining permit...

74%. That is the subscription rate of the first synthetic bonds issued by Benin. This was revealed by the WAMU-Securities Agency (Agence UMOA-Titres). Out of the FCFA55 billion requested by the government of the West African nation, investors’ demand stood at FCFA40.86 billion. According to some analysts, this subscription rate marks a somehow mitigated debut for this type of financial...

In Morocco, a group of deputies from the Authenticity and Modernity Party (PAM), one of the country’s major parties, submitted to the parliament a draft bill to better protect State lands. This was reported by le360.ma relaying newspaper Al Massae.  “It is a group of deputies from the Authenticity and Modernity Party (PAM) that submitted to parliament a draft bill which aims to protect...

According to businessdailyafrica.com, 3 out of the 6 telecom operators active in Tanzania have distributed around Tsh153.58 billion (USD68.04 million) to their mobile money users in the past 3 years. Those are Vodacom, Airtel and Tigo. Last September 20, Vodacom shared Tsh6 billion (USD2,661,039) to its M-Pesa subscribers. According to Sitoyo Lopokoiyit, manager of M-Pesa, the money...

To mitigate fluctuations in global prices of cocoa, Ghana and Cote d’Ivoire plan to, together, create a buffer stock. This was told Reuters by Narcisse Sepy Yessoh, chief of staff to the Ivorian trade minister. “The countries agreed that we needed specialised warehouses to allow us to conserve cocoa so that we can regulate supply and push up prices,” said the official highlighting that...

Next year, construction of the Grand Sfax desalination plant, in the Sfax governorate, will begin. This was reported by Tunis Agence Presse (TAP) citing Samir Taieb, Tunisia’s minister of Agriculture, Water Resources and Fishery. The plant will treat daily 200,000 m3 of seawater and be built over 20 hectares in the southern delegation of Sfax. The project is to cost overall 480 million dinars...

Symbion Energy signed with Highland Group Holding Ltd (HGHL), an agreement to co-invest $100 million in a project to extract methane gas from Lake Kivu. This falls under a $370 million project to generate 106MW from the gas. The Lake is estimated to hold 55 billion cubic meters of natural methane gas and could insure the generation of about 500MW over 40 years, according to experts....