The European Union’s aid programme to fishery and aquaculture in Algeria was launched on Monday 13 February, in Algiers. Valued at €15 million, the programme is fully financed by the EU and should contribute to the sustainable development of the fishery and aquaculture sectors. The programme will stimulate local initiatives in the following wilayas : Ain Temouchent, Sétif and...

Algerian pharmaceutical laboratory Huppharma entered into partnership with Saudi counterpart Jamjoom Pharma to open an ophthalmology drug factory in Constantine (400 km East of Algiers). The industrial unit will have a production capacity of 250 million eye-drops bottles per year, according to APS. Established under the 51-49% rule regulating foreign investment in Algeria, the Saudi-Algerian...

The Nigerian Electricity Regulatory Commission (NERC) has called on the federal government to review the gas pricing of generation companies (GENCOs) from dollar to naira. This announcement is in line with the pricing methodology which mandates the commission to carry out a minor review of the tariff bi-annually. According to NERC’s Head of Public Affairs Department, Usman Arabi, over 80%...

The Acting President of Nigeria, Yemi Osinbajo (photo), has announced that the country has secured $1billion from Shell Petroleum Development Company (SPDC) to develop the Niger Delta region. Osinbajo who made the announcement in Port Harcourt on Monday said the funding of “$1 billion at $200 million per annum over five years has been provided by Shell to provide drinking water,...

An ex-Deputy Governor of the Central Bank of Nigeria (CBN), Obadiah Mailafia, has disclosed that 20% of the total currency flowing across the country is fake. Mailafia who disclosed this at the opening session of a three-day public hearing on the 2017 budget appropriation process in the National Assembly, said that is so upsetting that the concerned authorities seem to be ignorant of the...

New initiatives by the Nigerian-British Chamber of Commerce (NBCC) to promote made-in-Nigeria products, could increase the trade volume between Nigeria and the UK above the projected N7.7 trillion (£20 billion) by 2020. The President of NBCC, Adedapo Adelegan (photo), who disclosed this while unveiling plans to mark the 40th-anniversary celebration of the Chamber in Lagos said that in spite...

Nigeria’s President, Muhammadu Buhari and the U.S. President, Donald Trump, on Monday, discussed a possible new arms deal that will help the West African nation combat terrorism. According to a statement from the Special Adviser to the President on Media and Publicity, Femi Adesina, President Trump “assured the Nigerian president of U.S. readiness to cut a new deal in helping Nigeria in...

Last Sunday, the Martin Luther King Movement (MMLK) published a declaration to ask that land audits are carried out in all of Togo’s communities. Edoh Komi, the civil group’s president, denounced the unorthodox management of land resources by mayors and their collaborators in the communities. “They continually take advantage of populations. Victims are often and always land owners. To hide...

ASKY, the Pan-African airline, wishes to inform its esteemed customers that, due to rehabilitation work on the runway, the Nnamdi Azikiwe International Airport in Abuja will be closed from 8 March to 18 April 2017 as communicated by the Airport Authorities of Abuja, Nigeria. The airline would like to reassure its esteemed customers that arrangements have been made in collaboration with the...

France and Niger have signed a 3-year cooperation agreement which might see the first provide the second over FCFA39 billion (about €60 million) of financing. The agreement was initialed in Paris during the visit of Niger’s Prime Minister Brigi Rafini from Feb 7 to 10, 2017. From the total amount provided, close to €50 million will be used to establish the Kandadji hydropower...