Becoming self-sufficient in wheat production is a new goal to which Nigeria committed. In this regard, Nigerian Minister of Agriculture, Audu Ogbeh, said the country could save up to $4.6 billion each year from wheat importation starting from 2018 when it reaches self-sufficiency in production of the cereal. Africa’s leading economy expects at the end the ongoing wheat season, an output...

Japan and Kenya signed a funding agreement according to which Japan is to invest $408 million in Olkaria V georthermal plant. It is a 140 MW-generating infrastructure whose construction should start in July 2016 and last two years. Kenya Electricity Generating Company (KenGen) is in charge of construction. “The loan we just got will serve to finance the construction of a power station...

At a recent economic summit, Aliko Dangote, President of the Dangote group announced that his firm plans to produce 12,000 MW of power in Nigeria by 2018. The group intends to achieve this by commissioning gas-powered plants which will be supplied with gas extracted from seabed via a pipeline it also plans to construct. The plant’s output will be used to respond to Nigeria’s needs. Indeed,...

Katanga Mining, subsidiary of Swiss Giant Glencore, said on Tuesday March 8, 2016, that as a result of a geotechnical failure at its KOV open-pit project in Democratic Republic of Congo, two miners died and 5 others were reported missing. The company also revealed that the failure caused an unknown amount of damage to the dewatering infrastructure in the pit. The firm mobilized its...

For the third consecutive year, Walloon Brabant supports the Africa Belgium Business Week that will take place from 20th to 22nd of April 2016 in Genval. By welcoming this international forum, Walloon Brabant proves once again its « pro-business » dynamic. The edition 2015 hosted 24 countries, of which 17 were African, 5 European and 2 American. This economic event allows...

Chadian Constitutional Council just approved 14 out of the 23 candidacies submitted for presidential elections which are to be held next April 10. These include that of actual President, Idriss Deby Itno, and opposition leader, Saleh Kebzaboh. In power for 26 years, Idriss Deby Itno is now aiming for a fifth term. Certified pilot, the Head of State who came into office after overthrowing his...

In Algeria, Sonatrach has revealed plans to invest $3.2 billion from 2016 to 2020 to boost pipeline capacity as natural gas production increases from new and current fields. Algeria was hit by a 70% decrease in oil prices since 2014. The country’s earnings from energy dropped by half in 2015, making the government cut expenses and freeze some infrastructure projects. In spite of the...

The staffs of the Nigerian National Petroleum Corporation (NNPC), on Wednesday, shut down all activities across the country due to the ‎reform by the Federal Government. the staffs, which are under the protection of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG), stated that the improvement is...

Nigerian businessman and President of Dangote Group, Aliko Dangote, holds 43% of total capitalization of Nigerian Stock Exchange (NSE) market, Nigerian newspapers This Day reveals on March 9. Dangote Group’s four companies listed on NSE namely, Dangote Cement Plc, Dangote Sugar Refinery Plc, NASCON Allied Industries Plc and Tiger Branded Consumers Goods Plc have a market capitalization of...

  The Entreprenarium Foundation launches the first edition of its flagship programme WCR (Women Capital Raising) meant for 100 women entrepreneurs in Gabon, Rwanda, and Senegal. Entreprenarium also announces the funding of 30 projects with high growth potential in these three pilot countries. Designed by the Entreprenarium Foundation, WCR is a 6 week programme to support women in their...