Trump’s administration will pursue the “Power Africa” programme, announced Andrew Herscowitz who coordinates the initiative in the US. Various US officials including State secretary Rex Tillerson support the initiative and want it pursued, the coordinator said. Launched in 2013 by President Barack Obama, Power Africa aimed at doubling access to power in sub-Saharan Africa, by 2030. The...

Last Tuesday, the World Bank has announced it would provide Tunisia a $60 million funding to support a project that aims to fight youth unemployment. Named "Moubadiroun" (or Initiator), the economic integration project will focus on disadvantaged young men and women from 18 to 35 years living  the Central West, North West, South, the Sfax governorate and the Manouba marginalized...

This year, Côte d’Ivoire’s budget deficit should increase to 4.5% against 3% from 2012 to 2016. This was disclosed by the country’s Vice President, Daniel Kablan Duncan (photo), at the "Banking Tomorrow" forum co-organized by the Financial Times and the International Finance Corporation (IFC). Excluding the increase of budget deficit, the nation’s good economic performances, according...

Golden Rim Resources, which is active on the Kouri gold project in Burkina Faso, has raised $1.27 million via a rights issue. The money will be used to fund drilling program at the firm’s flagship project, as Golden Rim intends to convert the JORC exploration target to a maiden resource by the end of this year. “We are pleased with the results of the rights issue and the support we have...

Wyplay, a French firm that makes softwares for TV operators, just announced it would soon open its first office in Africa, in Tunisia to be exact.  The office will regroup engineers, support and quality control staff whose role will be to contribute to the realization of ongoing projects in Tunisia and the region, while creating new opportunities. The leaders of the French company explained...

Over the second quarter of 2017, Morocco has borrowed a total of 152 billion dirham ($16.2bn) of securities, up 104% compared to 74.1 billion dirham in the previous quarter. This was disclosed by a statement from the Moroccan Authority for Capital Markets. 80% of Securities borrowed in Q2 2017 were bonds from Morocco’s public treasury. Certificates of deposit, bonds, and equity loans...

On September 7, the World Bank has approved a $150 million loan programme to the Kenyan government.  With the 30-year maturity and a 5-year grace period, the loan, which comes from the World Bank’s branch focused on developing countries, the International Development Agency (IDA), will help the government improve administrative and operational functioning of many ministries and...

Cogelec Energy, a firm specialized in the provision of power services in Senegal secured a FCFA185 million ($336,700) funding from Teranga Capital.  “Since our establishment in 2014, we are eager to put our expertise at the disposal of populations to improve access to productive energy. This funding will help us improve the quality of our services to better support our clients,” said...

From September 25 to 29, 2017, in Windhoek, Namibia, will take place the 5th Africa and Digitization Conference. At the meeting will be present leaders in broadcasting, satellite services, online distribution channels, telecom operators and regulators from all over the world.  This edition of the event which is themed “Transformational Leadership During a Time of Digital Transition”,...

Mali’s ministry of mines declared last Tuesday that in 2016 the country’s mining revenues increased by 1% to FCFA247 billion ($454 million). According to details released by Reuters, these revenues include 163.79 billion of taxes, 46.62 billion of custom fees, and 36.88 billion in dividends and others.  According to Mamadou Sidibé, deputy director of the statistics and planning office...