The Africa Investment Forum will be short on talk and heavy on deals, the South African Government, the African Development Bank and key partners affirmed at a press conference ahead of the 2019 edition of the event. Organized by the African Development Bank and its partners, the second edition of the Forum, will take place from place from 11 to13 November 2019 in Johannesburg, South...

Over the first six months this year, the local subsidiary of French Total in Senegal saw its revenues increase by 17.2%, driven by an 18.7% increase in overall sales. Revenues generated from export sales and sales to rival companies increased by 92% motivated by the acquisition of new export contracts and the sale of certain activities. Profit on ordinary activities before taxation grew by 12.5%...

Over 120 free-to-air television stations, including public broadcasters from 15 African countries, are expected to take part in the next Johannesburg edition of the DISCOP film, television, and digital content market and co-production forum that kicks off from 20th November for three days of intense networking and deal building. These public broadcasters will be acknowledged and...

The Mozambican public oil and gas company (ENH) has announced that it will start an international roadshow next week, with the aim of raising $1.5 billion, to finance its 15% share in the Mozambique LNG project. The information was provided by Omar Mitha, the company's CEO. The project carriers will first travel to Johannesburg in South Africa before moving to London to meet with investors....

The Ivorian government has adopted a decree creating an online platform to collect own revenues from local authorities and Autonomous Districts. This was a highlight of the Council of Ministers' held November 6, 2019. The electronic platform will be managed by the Public Treasury and should make it possible to collect the resources via dedicated apps. The measure aims to give a new face and...

Following a review mission to Benin from October 24 to November 5 this year, the International Monetary Fund IMF announced that the country should record a positive 6.4% GDP growth, driven by agriculture and transport sectors. According to the international body, growth should accelerate in 2020 and remain sustained over the mid-term thanks to good performances in cotton production,...

Burkina Faso plans to raise 10 billion CFA francs on the West African Economic and Monetary Union (WAEMu) public securities market. The transaction is expected to be launched today, November 6, according to UMOA-Titres. To raise the fund, the government is issuing Treasury Bills (BATs) with a maturity of 12 months. The transaction is expected to be auctioned at multiple interest rates for a par...

The Kenyan parliament approved the repeal of the law which over the past three years limited interest rates on bank loans to only 4% above the central bank's benchmark rate. The question now is: does the new measure satisfy all financial actors? Let’s find out! In this battle, banks, especially large banks such as Equity Group and Kenya Commercial Bank, are seen as the big winners. Along with...

The African Development Bank’s Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance. Currently, SEFA, the Sustainable Energy Fund for Africa, supports small and medium-scale...

Taaleem Management Services Company (Taaleem), an Egyptian higher education platform that manages the local private university Nahda University in Beni Suef (NUB), will receive an equity investment of EGP1.2 billion, or $73 million. Monies will be provided by the Egyptian financial services group CI Capital Holding and StonePine ACE Partners Limited, a joint venture set up by StonePine...