On the sidelines of a meeting to discuss the land registration issue, the regional chamber of the notaries of the East denounced archaic land rules saying they are detrimental to the economy. According to El Watan which reported the news, the meeting was organized by the Association of notaries of the Béijaïa notaries. The legislation denounced here are the decree 76/63 of March 25, 1976...

Total Nigeria Plc, subsidiary of French firm Total, has reiterated its commitment to build in Nigeria more solar-powered service stations. “Total Nigeria Plc is reiterating its commitment to better energy not only through the introduction of the first solar service station in West Africa in 2013 but also further deployment of solar hybrid solutions in its strategic service stations spread...

In the first quarter of 2017, Nigeria processed 10 million barrels of crude oil, against 8 million barrels and 24 million respectively for the whole of 2015 and 2016. “Refining activities peaked at 10 million barrels of crude oil in the first quarter,” said NNPC Group Managing Director Maikanti Baru (photo) in a statement. The official attributes this performance to peace talks with...

The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of IDB Group, and Afriland First Bank Guinea have entered into a Joint Strategic Collaboration to establish an Islamic window in Guinea. The MoU was signed by Mr. Khaled Al-Aboodi CEO of ICD and Dr. Paul Fokam, Chairman of Afriland First Bank during the IDB 42nd Annual meeting at Hotel Hilton in...

Within the past 10 years, foreign investments in Nigeria’s hospitality sector have slumped by a whopping 98%, data from the Central Bank of Nigeria (CBN) reveals. From up to $45 million in 2007, the investments plunged to about $750,000 in 2016. This according to the apex bank was due to a combination of the 2014 Ebola breakout, threat of terrorism, recession and lower government...

The FINACTU Group is pleased to be assisting Côte d'Ivoire’s National Social Security Fund in its project to extend their social security system through the implementation of three new schemes: a supplementary pension scheme, funded for its current population of insured persons: employees in the private sector, two pension and retirement plans For the self-employed (formal and informal...

At the side lines of the landmark IsDB 42nd Annual Meeting in Jeddah, a memorandum of understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund (CADFund), a Beijing-based private equity firm and subsidiary of the China Development Bank which...

In Burkina Faso, the ministry of environment, climate change and green economy announced that the 2017 World Day to Combat Desertification will be hosted in Ouagadougou from June 14 to 17. This was reported by the Agence de Presse Africaine. In this regard, a report has already been adopted during a council of ministers. The rallying call for the event is “Our land. Our home. Our future”. It...

In the 2017-2018 season, Tunisia aims to import 2.1 million tons of wheat and barley (soft and hard), against 2.4 million tons the previous season. This was disclosed by Taoufik Saidi, director general of Tunisia’s Office des Cereales (OTC), in an interview with Bloomberg. The grains will be bought via international call for tenders. According to Saidi, the 12.5% slump in the grains imports...

In order to revive Gambia’s weak economy, which was shunned by investors during president Jammeh’s rule, Caira-based lender African Export Import Bank (Afreximbank) said it will invest up to $500 million in the country. This was announced by the bank’s president, Benedict Oramah on Monday after meeting with President Adama Barrow. According to the executive, the facility will be...