Egypt signed with Kuwait a deal worth $1.86 billion for the development of the Sinai region, MENA news agency reports citing official sources. During a visit by Kuwaiti Prime Minister Sheikh Gaber el-Sabah to his Egyptian counterpart Mostafa Madbouli, the two officials agreed on funding for the implementation of the second phase of the Sinai Development Program. This initiative aims to...

The government of Tanzania is planning to improve the performance of its national health insurance system by using information and communication technologies. On 16 October 2019, the country secured an investment of 20 billion Tanzanian shillings (€8 million) from Germany, for this purpose. The deal paper was signed between Dotto James, the Permanent Secretary of the Tanzanian Ministry of...

Speaking at a press briefing in Abidjan on the 2019 cashew marketing year, Gustave Kotchi, spokesman for the Group of Agricultural Exporters and Professionals (GIE-GEPPA), said Côte d’Ivoire sold its entire production during the campaign. “Prices, which were at their lowest level, immediately started to rise again with the sale of all national production,” he said. He explained that...

Dubai-based Dragon Oil, a subsidiary of Emirates national oil company (ENOC), said yesterday October 21, it is investing the equivalent of a billion-dollar in the Egyptian Gulf of Suez over the next five years. The announcement comes right after the company completed the acquisition of BP’s stake in the Gulf. The $1 bln investment will mainly go to the drilling of new pits to optimize...

The World Bank has just approved $3 billion to support the extension of Nigeria’s power transmission and distribution network. Hajiya Zainab Ahmed (pictured), the Nigerian Minister of Finance, said the money will be disbursed into four tranches of $750 million with the first disbursement scheduled for April 2020. With this funding, authorities want to implement reforms that will...

Plans elaborated by the South African government to rescue drowning public companies could significantly worsen the budget deficit forecasted for the FY 2020. According to a Bloomberg survey, budget deficit is expected to reach 6.1% next year, up the 4.5% the Treasury announced in February and more than the budget deficits recorded by the country since 2010. Indeed the South African government...

The government of Congo said it is soon implementing a national e-health strategy, using ICTs to develop the sector. The related framework document was first validated by e-Health experts and technical partners on October 18, during a workshop held in Brazzaville. According to Jacqueline Lydia Mikolo, the health Minister, the national strategy “will provide quality health information for...

The African Development Bank (AfDB) has inked its €12.5 million equity commitment to the first investment fund of Adiwale Partners, the institution said in an official statement issued on October 18. The deal signing follows a commitment decision taken in March 2019, with the approval of the AfDB Board of Directors.Adiwale Fund 1 is managed by Jean Marc Savi of Tové (pictured, left) who...

The Ivorian Minister of Foreign Affairs, Marcel Amon Tanoh, and the Ambassador of China, Wan Li, signed two (02) Financing Agreements on 17 October in Abidjan. Valued at a total of 157.9 billion CFA francs (about $266 million), the agreements aim to support and develop the health sector through the third phase of technical assistance at the Gagnoa General Hospital. But also, the project...

The African Development Bank has approved a grant of $1 million to boost a children’s food and nutrition security program in Bié province in Angola.The resources are from a special relief fund to the government of Angola, in response to a prevailing drought that has caused severe malnutrition. The grant was approved on 23 September.During the third quarter of 2018, the food security unit...