Bénin Terminal signed a partnership agreement in Cotonou on 1 April 2021 with the Beninese start-up Green Keeper Africa. The aim is to roll out GKSORB, the first industrial absorbent produced in Africa using hyacinth water, at its facilities at the Port of Cotonou. A specialist in innovative and natural pollution-control solutions, Green Keeper Africa has committed to supplying Bénin Terminal...

Chad’s Transitional Military Council (TMC) has been facing its first popular protests since the beginning of this week. Initial reports revealed that at least five people were killed during the demonstrations, which were banned by the authorities. In Moundou and N'Djamena, several dozen people gathered on April 27 in response to a call from several opposition parties and civil society...

The African Development Bank Group, on 28 April 2021, announces the 36 month debarment of Maxicare Company (Nigeria) Limited with effect from 23 February 2021. Maxicare Company (Nigeria) Limited is a limited liability company registered in the Federal Republic of Nigeria. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Maxicare Company...

A resurgent U.S. economy is good news for U.S. investors and households, but for many other countries, the case needs to be closely monitored. For experts from the International Monetary Fund (IMF), the stronger-than-expected recovery is a signal to investors that there is a risk of a general rise in prices, and as a result, they are demanding higher yields to buy U.S. Treasuries. The increase...

The African Development Bank, together with the Food and Agriculture Organization of the United Nations (FAO) and the Consultative Group for International Agricultural Research (CGIAR) carried out a Digital Agricultural Profile in three African countries: Ivory Coast, Rwanda, and South Africa. Results from these countries pointed out important promising technologies that will solve the...

The U.S. investment fund WaterEquity Global Access Fund is close to securing the first $25 million of a $100 million credit line from the U.S. International Development Finance Corporation (DFC). The facility will be on-lent to financial institutions in emerging markets that will finance, through microcredit, projects that will provide at least 5 million people in Africa, but also in...

Ukrainian businessman Max Polyakov (pictured) confirmed his acquisition of South African satellite manufacturer Dragonfly Aerospace. The Founder and CEO of EOS Data Analytics, which specializes in the provision of advanced satellite image processing and analysis solutions, announced his move in an interview with Reuters last April 26. Max says the deal signed with the South African company for...

Between 1988 and 2020, Africa has invested a total of $892.2 billion in military spending. The sub-Saharan part of the continent spent $512.2 billion, according to data provided by the Stockholm International Peace Research Institute, SIPRI. This makes Africa the region that spent less on military equipment worldwide over the period under review. Military spending in North America...

Small-scale farmers supply about 35% of the global agricultural production on about 12% of the total farmland. The figures were featured in a new study by the UN Food and Agriculture Organization (FAO) titled "Which farms feed the world and has farmland become more concentrated?” The document says the contribution of small farms (size less than 2ha) to global production significantly varies...

The Egyptian government is expecting between $6 billion and $7 billion in tourism revenues this year. In an interview with Reuters, the Vice Minister of Tourism Ghada Shalaby said this estimate is the result of an envisaged recovery in the sector after the pandemic. For 2021, the number of arrivals is forecasted to be 60% of that in 2019. A good recovery trend fostered by a reduction...