The African Development Bank Group and the Securities and Exchange Commission (SEC) of Ghana today launched a $400,000 project to strengthen the development of Ghanaian capital markets. This follows the signing of a grant agreement to develop a risk-based supervisory solution for the local capital market. The grant, from the African Development Bank’s Capital Markets Development Trust...

An Air France plane, flight AF865, from Chad was isolated at Roissy airport after a bomb threat. The information was revealed by the French Ministry of the Interior in a statement issued on Thursday, June 3. "At the request of the Prime Minister, the interministerial crisis unit was opened, following a suspicion of the presence on board of an explosive device on flight AF865 N'Djamena (Chad) -...

Jonathan Johannessen, the CEO of Flash International company, dedicated to offering technological services for the financial and educational sectors, was this Friday (28.05.21), received in an audience by the PCA of ZEE EP and AIPEX, António Henriques da Silva, and Executive Directors of ZEE EP.  At the ZEE, Jonathan visited the industrial units Kaheel Agriculture, agricultural machinery,...

Senegal’s national telecoms corporation Sonatel, the parent company of mobile operator Orange Bissau, launched last May 31, a program to upgrade its network and extend telecom coverage to more than 1,000 new villages in Guinea-Bissau. The telecom company mobilized CFA13.4 billion ($24.8 million) for this plan which aims to guarantee millions of people quality access to the 3G+ and 4G...

The Ivorian government is setting up measures to ensure that the return of former President Laurent Gbagbo is done in a peaceful environment. Speaking to the media after a meeting with members of the Gbagbo camp, Kouadio Konan Bertin (pictured), Minister of National Reconciliation, said the government takes notice of the choice of June 17 as the date for Laurent Gbagbo's return. “We are...

The AU Peace and Security Council (PSC) has, in a statement issued last June 1, announced the suspension of Mali from its bodies. The institution condemned the two coups that took place in the country over the past nine months. Supporting the decisions of the Economic Community of West African States (ECOWAS), the AU-PSC said Mali will no longer take part in AU activities until "normal...

After an estimated record decline of -8.8% last year, the Tunisian economy seems to be getting back on track. The Organization for Economic Cooperation and Development (OECD) revealed in a May 31 report that the country’s economic growth is expected at 3% this year and 3.25% in 2022. The new impetus will be favored, the document says, by the easing of Covid-19 related measures both in Tunisia...

After a break of over a year, Burundi announced last June 1 it has officially reopened its land border with DR Congo. This resumption of trade between the two sides is being carried out in compliance with the Covid-19 prevention measures, health minister Thaddée Ndikumana (pictured) reassured.   “Any case that comes in is screened, so there is no risk,” he said. Entering the territory...

Investment fund manager Ata Capital is now a shareholder with a 33.3% stake in Acrux Sorting Technology (AST), a subsidiary of commodity mining specialist Acrux Resources. Through its R473 million ($34.4 million) Ata Fund I vehicle, the South African investor has acquired additional shares in AST. The transaction between the two parties was announced on Tuesday, June 1. “We are excited to...

The Commission empowered by the Competition Act in South Africa has stopped the proposed acquisition of Burger King South Africa by Emerging Capital Partners (ECP) Africa. The Competition Commission did not approve of this acquisition typically because it would see Black Economic Empowerment (BEE) drop to 0% consequently, against October 2014’s Broad-Based Black Economic Empowerment Act. ECP...