In Algeria, following the low prices of oil, which has cut into the country’s economy, its energy incomes have been estimated to drop to $26.4 billion,while its foreign exchange reserves will drop to $121 billion in 2016, Finance Minister Abderrahmane Benkhalfa (photo) revealed. According to a draft of the country’s 2016 budget, Algeria plans higher taxes, import duties as well as...

In Kinshasa, advert consumption has considerably surged. This is general conclusion derived from the the latest study of Target Sarl. The second on advertising’s impact in Kinshasa behind that of 2013. Comparing the first to this year’s, it emerges that Kinshasa’s citizens consume more adverts, regardless of the medium through which they are conveyed, except for the radio which...

Nigeria hopes to conclude negotiations with China in relation to the import of material required for the implementation of 40 rice mills. According to agriculture’s new minister, each of these mills will have a daily processing capacity of 100 tons and these infrastructures will be established throughout the country. Audu Ogbeh explained that the implementation of this project which was...

Accessible only through Internet, the Tele-Ecole channel plans to increase its audience in Senegal. Its board of directors has decided to submit an official request for the acquisition of Digital terrestrial TV channel (DTT), Senegal’s Press Agency (APS in French) reveals citing a communiqué from the channel. “It is an official request for the acquisition of a DTT channel for Tele-Ecole as...

FOTEEC awarded MTN Congo, the Excellency Prize for Congolese businesses in the Telecom industry. The awarding ceremony recently took place at the Brazzaville Radisson Blu, on the bank of the Congo River. Organized by General Directorate of Economie and Idée Association, the first edition of the Forum and Excellency Awards for Congolese Businesses (FOTEEC in French) was held in Brazzaville from...

Instability has once again settled within SABC, the South Africa state-owned audiovisual group. Appointed just four months ago as the company’s Director General, Frans Matlala was suspended on November 18, 2015, by the group’s board of directors. Frans Matlala is SABC’s 9th CEO since 2009. The reasons for the dismissal were not given. However, the group’s spokesperson Kaizer Kganyago,...

November 18, 2015, during the Forum Information and Communication Technologies 4 All (ICT4All) which took place in Hammamet, Tunisie Telecom proceeded to another 4G test. This time however, the test was direct, in the presence of government executives including Prime Minister Habib Essid. With the help of telecom equipment manufacturer Alcatel-Lucent, the traditional operator reached 135.8 Mbps...

Nevsun Resources Ltd, the Canadian listed company operating on the world-class Bisha copper project in Eritrea, announced on November 18, it has reinforced its executive team by appointing Peter Tam as finance vice-president. Tam comes to the Toronto-New York listed mining company with more than 20 years of experience. He is “an excellent additional asset for our Vancouver team and will be an...

Egypt and Russia just signed an intergovernmental agreement for the construction of the Egypt’s first nuclear power plant. The infrastructure is to have four generators each producing 1200 MW for a total capacity of 4800 MW, Russian agency Tass reveals. Based in Dabaa, the plant will be the biggest project to associate Egypt and Russia since the Assouan dam. “With this infrastructure,...

The West African Development (BOAD) provided Ivory Diamond Cement SA (IVOCEM SA) a loan amounting to 7.5 billion FCFA to implant in Anyama (30 km from Abidjan), Côte d’Ivoire, a clinker grinding unit. The loan which represents 46.3% of the project’s total cost is part of a syndication mandate of United Bank of Africa (UBA) Côte d'Ivoire. The agreement associated to the loan was signed by...