In Cote d’Ivoire, religious, traditional healers, heads of NGOs and associations, are no more allowed to be featured on TV and radio shows, public or private. Medias now have to create a specific communication space where these entities will broadcast their adverts or promotional films. However, prior to broadcasting, they will be subjected to a “strict control”. These measures were...

As Nigeria suffers from the actual global plunge in oil price, the Nigerian banking group First City Monument Bank (FCMB) plans on expanding to at least two African countries, Bloomberg reported. We have identified a key market in East Africa and another key market in West Africa, FCMB’s Chief Financial Officer Patrick Iyamabo told Bloomberg without more details. «Alors que le Nigeria passe...

National Telecommunication Regulator INT sanctioned Orange Tunisie over illegal business practice. This was revealed in a release which the regulator published on his website. Fact is, INT’s administration met on January 27, 2016, to discuss the fate of the telecom company after failing to respect laws and regulation related to the displaying of commercial tariffs to public. In this case, the...

Under its “One world, No hunger” programme, Germany just injected €15.5 million into Togo’s Agriculture. According to the terms of the agreement initialed by Togo’s Minister of Foreign Affairs, Robert Dussey, and German ambassador to Togo, Christophe Sanders, one of the major points of this project is the establishment of a green innovation centre. This institution will help...

Egypt plans to suppress total subsidy to electricity by 2025. In this framework, it intends to cut this subsidy by 50% by 2020. Government is in fact planning to reduce this subsidy to $2.65bn in the next fiscal year from $3.59bn currently. Alongside the reduction of subsidy, there is the increase of electricity tariffs to cost-reflective levels. Indeed, the country produces kilowatt...

The Nigerian group BUA recently revealed that it was negotiating with the Chinese firm Sinoma CDI regarding cement and steel projects. According to Reuters, BUA and its associate will invest $1.9 billion in the construction of a steel plant in Nigeria and in two cement plants in Eastern Africa. The business mogul Abdulsamad Rabiu, owner of BUA group, said the two cement plants will...

South African Liquor dealer, Distell, just announced it was going to scale down its plans for expansion in Angola. As a result of oil price tumbling, Angola who accounts for 50% of the Distell’s African business exhibited a quite challenging trade environment for the company, thus considerably slashing its performances in other African nations. Distell as a result decided to scale back plans...

Rating agency Moody’s revealed in a report published February 18 that downside risks on global growth have increased as tighter market conditions and risk aversion add to the fall in oil price and slowdown of China’s economy. “Risks on global growth have increased since our last forecast (November), the fall in oil prices and concerns over weakening Chinese economy (…) added to a surge in...

1 million. That is the number of cars that Peugeot plans to sell in Africa and Middle East in the next 10 years. To meet this challenge, Africa, most especially Southern Sahara, is the market where Peugeot plans to make its grand comeback. That is the reason behind the “Emotion est de retour” advertising campaign that the firm launched in the main sub-Saharan markets namely Cote d’Ivoire,...

In Central African Republic, Faustin Archange Touadera took a major lead on his rival in Bangui during the second round of the presidential elections, the National Election Authority (ANE) revealed. Asides in the second district where both candidates had close scores, Faustin Archange Touadéra had a comfortable lead in most of Bangui’s vote offices, partial results released by ANE show....