After proceeding to the development of 40 ha of lands over which extends the Baie des Rois of Librevile, Façade maritime du champ triomphal (FMCT), a company owned by the Gabonese Fund for Strategic Investments (FGIS), just started selling out properties at the site. Indeed, with road works, earthworks and installation of water-drainage networks completed by the China Harbour engineering...

Today, Cape Town in South Africa inaugurated the Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA), the world’s biggest African contemporary art museum. The infrastructure emerged from a partnership between V & A Waterfront and famous German collector, Jochen Zeitz (picture).  The location of the building perfectly fits the goal set by the Zeitz MOCAA to become the African...

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...

Swiss Internet Services Provider (ISP) Cajutel plans to establish a solar-powered high-speed internet network in Guinea and its neighboring countries. To this end, the firm intends to proceed to a major Ether-based fundraising. Indeed, Cajutel is looking to issue 720,000 Ether tokens and 60,000 additional shares to settle its premiums and advertising fees. A million tokens will be kept by...

ASKY, the Pan African Airlines, is pleased to announce the re-opening of flights to Monrovia, Freetown and Banjul, starting November 1, 2017.  The flight schedule is as follows: MONROVIA Flights DAYS ORIG DEP ARR DEST Monday – Wednesday - Thursday -...

Over 2017’s first eight months, Zimbabwe’s gold output rose by 10% to 14.6 tons. Based on official data relayed by Reuters, the increase is due to better performances of informal small producers. Statistics from Fidelity Printers and Refiners, branch of the central bank which purchases all of the country’s gold production, small producers produced 7.2 tons of gold over the period reviewed,...

The government of Burkina Faso has adopted last Wednesday, during a council of ministers, the 2018 budget draft. The latter, just like that of the year before, is not balanced, in terms of expenditures and revenues.  Indeed, while revenues projected in the budget stand at FCFA2,006.41 billion (about $3.6 billion), expenditures are fixed at FCFA2,429.80 billion (about $4.4...

HIV-infected Africans will soon have access to a state-of-the-art treatment, for only $75 a year. Manufacturers of generic AIDS drugs will start producing millions of the pills for Africa. This with the support of the Bill & Melinda Gates Foundation which will subsidy a major part of the new treatment which integrates dolutégravir, an integrase inhibitor that avoids the drug resistance...

ASKY, the Pan-African airline, is pleased to inform its esteemed customers of the reorganization of its Schedule as of November 1, 2017. With the new Schedule, transit time in Lome has been reduced from 3hours to 1hour 45 minutes maximum and some flights have less than 40 minutes connection.   With the re-opening of Banjul, Freetown and Monrovia, passengers now have the possibility of a...

A consortium of seven South Korean companies are looking to invest in Zimbabwe’s power sector. The seven firms are Seondo Electric, HISC, Parkmate Investment, Bund Holding Group, Jung-Myung Engineering, Korea Consortium and Hyundai Power Solatech. “Project financing shall be arranged by HISC. The total project cost is yet to be established, but the first phase should be about $300...