From sugar to maize, it is a change which can be triggered by drought. Indeed, Goodall Gondwe, Minister of Finance of Malawi, just announced that government would try to motivate Illovo Sugar to grow the crop, under contract, over vast arable lands. This move, which was suggested at the parliament, aims to decrease food deficit in the country next year. This year, the country had to import...

Congolese businessman Alieu Conteh who holds 49% of Vodacom shares in DR Congo appealed to the Kinshasa trade court filing a complaint against the telecom firm and its international arm. He claims they plotted to remove him from his position as statutory president of Congolese Wireless Networks (CWN), who holds the minority stakes of Vodacom Congo. Alieu Conteh is claiming a compensation of 197...

  According to the 2015 Global Gender Gap report of World Economic Forum published on November 19, Rwanda is the only African country in the top 10 of most advanced countries worldwide in terms of Gender equality. Out of the 145 countries listed in the ranking, Rwanda came 6th. The report is based on features such as: health, politics, and economy (wages, contribution to labor market,...

Nana Bouba, 6th largest fortune of Cameroon and 19th in sub-Saharan francophone Africa with a worth exceeding FCfa 184 billion (USD 310 million), according to the Forbes Africa ranking, has operated a total restructuring of his empire, by replacing the managing directors of the main companies. The holding Nana Bouba Group, a limited liability company with a capital of FCfa 10.5 billion is now...

In Somalia, following the approval of a bill by the legislators to attract foreign investment, the country’s Prime Minister Omar Abdirashid Ali Sharmarke (photo) on Tuesday, appoints new ministers for industry and energy. According to a decree read at the occasion, Abdrirashid Mohamed Ahmed is to replace Abdirahman Abdi Osman as the...

China’s Petroleum and Technology Development Corporation (CPTDC), a wholly owned subsidiary of China National Petroleum Corporation (CNPC), has announced plans to invest about $10 million in Egypt Li Qitang, Egypt’s chief office representative revealed. The $10 million will be used to gather and produce oil equipment locally in the country. “We...

 In Algeria, Mobilis, subsidiary of traditional telecom operator Algérie Telecom is eager to enter the m-banking sector. Saad Damma, the company’s CEO, who was interviewed by the Algerian news site itmag-dz.com, said the firm currently awaits a response to a request sent to Central Bank of Algeria concerning the launching of the service. Saad Damma continues saying the telecom operator...

In Africa, all Pizza Hut restaurants are from now on going to have digital dynamic panel on which the menus will be displayed. These restaurants are part of the American Fast-Food chain Pizza Hut which just entered into a contract with South African agency Moving Tactics for its services in digital advertising. American Pizza Hut returns to South Africa after six years of absence. The...

Zijin Mining Group Co, the Chinese mining group will complete its investment in the Kamoa copper project latest on December 8, 2015, the firm and Canadian Ivanhoe Mines Limited said. Listed in Hong Kong and Shanghai, the group signed in May 2014 an agreement to acquire 49.5% of interest shares of Kamoa Holding Ltd, who holds 95% of the project for a total consideration of $412 million....

In mid-2016, construction for Namibia’s first wind farm will be launched. Innosun, subsidiary of French firm Innovent, is the one who will be in charge of this project which will be developed in Lüderitz. The infrastructure will have 21 MW of capacity.   The firm which is the first to establish a solar plant in the country already completed the environmental impact studies and will...