Alten, a French engineering and technology consulting company listed on Euronext, the main stock exchange in the eurozone, has once again increased the share capital of its Moroccan subsidiary Alten Delivery Center Morocco (ADCM) to more than MAD8 million. The company wants to enhance its footprint in Morocco’s automotive engineering sector; a segment quite structured with the presence of many...

The International Telecommunications Forum, ITU Telecom World 2019, is being held from 9 to 12 September 2019 in Budapest, Hungary and today Sep 10 is dedicated to Angola. With this opportunity, the country intends to tout its ICT sector and show the business opportunities it can offer potential investors. Under this government strategy to attract new investors, the telecoms minister, José...

The government of Malawi expects its Gross Domestic Product to increase to 5% at the end of this year and further expand to 7% next year. This was announced yesterday September 9 by the finance minister Joseph Mwanamvekha (pictured).The good forecast, the official explains, is motivated by the return of rainfall which boosts agricultural production and augurs the resumption of exports of tobacco,...

French international technical cooperation agency, Expertise France, launched a call for projects worth €3.5 million to support agricultural resilience in West Africa, Chad and Mauritania. According to the agency, Africa needs to find a new agricultural approach to ensure food security for its populations. The continent has 5 of the 10 poorest countries in the world and its population is...

South Africa’s banking group Standard Bank sees in the African Continental Free Trade Area (AfCFTA) an opportunity to boost its revenues, the Chief Executive Officer, Sola David-Borha, said during an interview with Bloomberg. “While there may be hurdles that lie ahead in the implementation of the agreement, what the accord aims to achieve is significant. There’s a lot of trade that...

The African Development Bank has been recognised for procurement excellence by the Chartered Institute of Procurement & Supply (CIPS), the world’s largest professional body for procurement and supply management professionals, with offices all over the world including Africa. The Bank was awarded a silver award at advanced standard level following the CIPS Procurement Excellence Programme, for...

Mobile operator Tigo launched a new service dedicated to state agents. The service is an unlimited call bundle that allows subscribers to call each other for free. “This new offer is a revolution for it gives state employees the opportunity to call without worrying about call credits…They are also offered a data volume to browse on the Internet and a free access to the Tigo Cash service. Any...

South Africa’s defense company plans to mobilize R160 million ($10.8 million) in Q3 FY2019-20 through the sale of shares it holds in many businesses. The State-owned equipment manufacturer has already started the procedure to dispose 30% stake in Hensoldt Optronics, a producer of high-tech optics. Process completion is now subject to approval by the South African government. Denel is also...

Sudan’s new government is actively working to get the country on the right path of economic growth. Yesterday September 8, the finance minister, Ibrahim al-Badawi (pictured), unveiled a strategic recovery plan to revive growth within 200 days. The official says the plan focuses on 5 points which include macroeconomic stabilization, youth-centered job creation, and the transition of...

In 2020, the CFA Franc is turning 75 years old. The currency, used in two African regions1, is backed by the French treasury and pegged to the Euro. Though the 2014 commodity price slump revealed vulnerabilities, the situation is not comparable with 1994, when the CFA Franc was devalued by -50% in Western (WAEMU) and Central (CEMAC) CFA Franc areas. Yet, divergence among members calls for...