France has decided to provide Ivory Coast a financing of €2.125 billion (about FCFA1,394 billion) between this year and 2020. This was revealed by Ivoirian Prime Minister Amadou Gon Coulibaly, at the end of a visit by a French delegation, from July 12 to 13. According to the PM, the facility will be used to fund projects in “key sectors in line with the 2016-2020 National Development...

Africa’s agricultural sector is mainly driven by Ethiopia and Ivory Coast according to report recently released by Consulting firm Havas Horizons. The survey which assessed the opinions of 55 major financial and banking institutions based on the continent, lists the top five leading African nations in terms of agriculture. While 90% of the population surveyed believe the African agriculture is...

Car maker Faurecia just inaugurated a new car seats factory in Morocco. Located in Salé, the infrastructure which cost about €16 million will generate 1,300 jobs. According to L’usine Nouvelle, the plant will produce every day 10,000 leather and textile seat-coverings for 3008 Peugeot and Opel Grandland X models. With the new infrastructure, Faurecia now has two plants in Morocco,...

In Nigeria, the Lagos state government has revealed plans to raise N100billion ($290 million) in bond offering to finance critical infrastructural projects in the state, according to the Commissioner of Finance, Economic Planning and Budget, Akinyemi Ashade. “We have a lot of projects in the area of tourism. We have the facelift of Lagos Marina, Onikan, and the construction of about six...

The United Nations Children's Funds (UNICEF) has donated medical equipment worth N1.2 billion ($3.5 million) to the Adamawa state government in a bid to reduce prevalent maternal mortality. The equipment includes, 226 baby dressing tables, 220 bed screens, 180 infusion stand, 226 microscope, 300 delivery kits, 200 stethoscope, 300 surgical kits, and 322 examination tables among other...

The Nigerian Civil Aviation Authority (NCAA) has revealed plans to start issuing licences for the use of the Remotely Piloted Aircraft (RPA), also known as drones, for both commercial and private use in the country. Speaking to the press in Abuja on Thursday, Dele Sasegbon, Director of general aviation at NCAA said: “We have proposed regulations already. For the integration of unmanned...

In Nigeria, the Benue state government has said the sum of N300 billion ($868 million) is needed to dredge River Benue to tackle flood in the state. This is after the Nigerian Meteorological Agency (NiMET) listed six local governments in the state as areas likely to be affected by flood in the country, this year. According to the State Commissioner for Water Resources and Environment, Terlumum...

The Central Bank of Nigeria (CBN) under its Anchor Borrowers Programme, has approved a N660 million ($1.9 million) loan for 3,479 farmers in Gombe State, according to Sani Chobe, Head of Development Finance, Gombe State office of CBN. Speaking at a sensitization workshop, he explained that the loan was for farmers who applied for the funding in the first and second batches and will be...

2016 was particularly harsh for land activists, according to a report recently released by the human rights defense organization Global Witness. The document indeed states that, about four people defending their lands were killed each week, last year, be it against mining, hydroelectric or agricultural projects. Overall, 200 people were murdered in this framework in 2016. This is 10% more than...

Tunisian Group Loukil and Industrial and Commercial Bank of China (ICBC) will build in Raoued, Tunis suburb, Africa’s biggest mall, the Tunisia Africa Mall. Partnership agreement for the project was signed last Friday, July 7th, on the sidelines of the recent Tunisia-China forum held in Tunis. The project whose cost has been estimated at $120 million will be fully funded by ICBC. It will...