The Ivoirian government plans to cut taxes on cocoa sales and exports during the next farming season. This would help boost minimum price to producer, a source with knowledge of the matter told Bloomberg.   According to the source, if the taxes are not reduced, price to producer is unlikely to increase. However, this increase would help Cote d’Ivoire curb cocoa smuggling to Ghana whose...

For the African continent to achieve sustainable growth of its economy and food production, as well as create more high-productivity employment, reinforcing public-private partnership will be vital. This was revealed in AGRA’s latest Africa agriculture status report (AASR) on the sidelines of the 2017 African Green Revolution Forum (AGRF).  Indeed, the report states that the private...

Tunisia’s civil aviation council (CNAC) has given its agreement in principle for the creation of a plane dismantling company at the international airport of Tabarka-Aïn Draham, in the North Western part of the country. This was decided at the last reunion of the council, on August 30, 2017, according to a statement from the ministry of transports of Tunisia. It should however be noted that...

Last Saturday, M. Gonbagui Gueu George, prefect of the Boundiali department, urged chiefs of the 49 villages of his department to speed up process to complete demarcation of village territories before set deadline which is December 31, 2017. This was as the official met with the chiefs, according to the Agence ivoirienne de Presse (AIP). “Two members of committees for rural land management...

A new maritime line connecting Tunisia to West Africa and South Africa passing through Morocco is being established, according to Tunisia’s minister of industry and trade, Zied Laadhari.  Zied Laadhari disclosed this on the sidelines of the 35th annual conference of heads of diplomatic and consular missions, recently held in Tunisia. At the occasion, the official indicated that his office...

In a statement published on September 4, 2017, Moroccan group Attijariwafa Bank and Sumitomo Corporation Europe Ltd announced they have signed a memorandum of understanding to develop major projects in Africa. The agreement itself was signed on July 26. With the memorandum of understanding, Attijariwafa Bank and Sumitomo Corporation Europe Ltd plan to build a long-term partnership, to coordinate...

In Cote d’Ivoire, support to women entrepreneurs could generate at least six billion dollars, each year, or a 1/6 of the country’s GDP, according to the World Bank. This was reported by Reuters. Ivory Coast is ranked by the United Nations 155th out of 159 countries in terms of gender equity. To change this, the country intends to, with a $9 million loan it took from Morocco, bridge...

In Ethiopia, the first biomass power plant will generate its first output by December 2017. This was disclosed by Bizuneh Tolcha, an official from the ministry of power, who added that the infrastructure is 94.3% complete.   The “Reppie Waste to Energy Facility” as it is named, will have a capacity of 50MW and is situated in Addis-Ababa, the capital. The plant will process waste from...

Nigeria and South Africa could soon get out of recession due to a slight increase in prices of base products started in the beginning of 2016. The rainbow nation’s economy indeed grew by 2.3% during the second quarter of 2017 (against the first), according to a survey of Reuters, while the gross domestic product (GDP) of Nigeria, Africa’s leading oil producer, grew by 1.3% compared to 2016,...

LE REASSUREUR AFRICAIN, a magazine devoted to the leader in African reinsurers, AFRICA Ré, is publishing a FINACTU contribution on "Technology and insurance: promoting flexible agriculture in Africa". FINACTU is proud to share its African expertise in agricultural insurance in an article published in the AFRICA Ré magazine about "Technology and insurance: promoting flexible agriculture in...