Atlantic Leaf Properties, the Mauritius-based real-estate Company listed on the Stock Exchange of Mauritius acquired $156.5 million worth of assets in the United Kingdom. “The transaction falls in line with the firm’s main objective to invest in real estate assets of quality and with profitable returns for investors, revenues that grow in the long run, as well as secured capitals,”...

Giant Swedish furniture dealer, Ikea, obtained on Feb.11 the certificate of conformity for the opening of its first store in Zenata (about 50Km from Rabat. The commissioning of the store which was initially planned for September 29, 2015, was halted due to the “lack of certificate of conformity”. However, according to various media, the Moroccan government was just trying to pressure...

Sound Energy on Monday announced that the groundwork for its Tendrara licence area have begun on site and contracts have been awarded for the first well, Energy-pedia reports. The Company stated that civil works on site at Tendrara which includes the upgrading of local infrastructure followed by the preparation of the camp and the two well pad areas have now begun. According to Sound Energy, in...

Tunisia’s horticultural industry is being threatened by the New Delhi virus. Indeed, the disease has affected greenhouse cultivations in the North-Kelibi and El Faouar communities, TAP reported. The president of the Limagues agricultural grouping, Mohamed Rehaimi, revealed that “out of the 395 greenhouses that constitute the grouping, about 50 have been affected”. He affirmed that “the...

“In the coming months, we should switch to liberalization,” said Cote d’Ivoire’s President, Alassane Ouattara. “Government will submit proposals regarding the procedure,” he added. The President said this on February 11, 2016, as he was receiving, as usual, annual report of High Authority of Audiovisual Communication (HACA). Prior to this, President of HACA, Ibrahim Sy Savané,...

With its seven telecom operators namely Vodacom, Tigo, Airtel, TTCL, Smart, Benson, and Halotel trying to boost their presence in the telecom market and who wish to provide Tanzanians with high speed services, the need for new frequencies is most pressing. Well aware, Tanzania’s telecom regulatory authority TCRA announced the upcoming auction for new telecom frequencies, Daily News reports....

In Benin, the Ligh for All scheme which aims to provide light to the 10 million residents has just been launched. “This scheme through which solar lamps will be provided to primary school pupils and secondary school students, will allow all households to have access to electricity,” said Benin’s President Yayi Boni during the launching ceremony. The goal of the programme should be reached...

British pharmaceutical laboratory AstraZeneca Plc just launched an expansion plan in Africa that aims to boost drugs sales by 10% a year, by focusing on non-communicable diseases, Bloomberg reported on January 10th citing one of the firm’s officials. AstraZeneca, who already has a plant that manufactures drugs to treat high-blood pressure and cholesterol in Egypt, plans to build another one...

The Danish construction group FLSmidth via a release published on Feb.8 on its website said it has inked a €200 million contract with Algerian company Amouda Engineering for the construction of cement plant in Laghouat, 430km South of Algiers. The agreement plans for designing, provision of equipment, construction, setting and training of staff. Cited in the release, Per Mejnert...

The President of Malawi, Peter Mutharika, has lifted sanctions placed on oil and gas exploration exercise on Lake Malawi, Minister of Foreign Affairs revealed. The president had in 2014 postponed oil and gas exploration on the lake due to claims that the granting of licences to foreign companies was suspiciously done. The lifting of the sanction, is to now grant oil and gas companies access to...