In Nigeria, tycoon Aliko Dangote just announced his resignation from the board of directors of Dangote Flour Mills (DFM). The resignation follows the decision of South Afican Tiger Brands, DFM’s majority shareholder, to cease its funding in its subsidiary. The leader of Africa’s agrofood industry said it was “currently exploring various options in relation to its investment in DFM”....

According to a source in Amsterdam cited by the newspaper Zimbabwe Independant, Zimbabwe’s government has now taken over Telecel, the mobile operator. The State bought from VimpelCom, its 60% shares in the company for $40 million. This operation was conducted by the state-owned firm ZARNET, the Internet Service Provider who benefited from financial support of the National Social Security...

Car manufacturer Nissan plans on doubling output at its South African plant in Rosslyn (about 20 km north of Pretoria) by building a new pick-up model starting from 2018, Bloomberg reports citing an executive from the company. “Nissan will see its output rise to as many as 80,000 vehicles a year as the new model comes online, against 40,000 at present,” Nissan South Africa Managing Director...

In Kenya, the Tuskys supermarket chain will open 75 convenience stores in shell filling stations. The partnership between Tuskys and Vivo Energy Kenya who is exploiting the Shell brand should allow for the creation of 900 jobs. « These convenience stores will offer sweets, day-to-day food products such as milk, bread, and pre-packaged meals,” Tuskys executive director Dan Githua said....

In Tunisia, the olive oil sector is about to experience significant changes. The first step of this succession of reforms is going to be the introduction of a label on national production starting from the next season. “To thrive on this extremely challenging international market, the valorization of the olive sector should be based on differentiation and designation of origin of olive oil,”...

Panoro Energy ASA, oil E&P company listed on the Oslo Stock Exchange market, just completed well operations at the Aje field in the OML 113 licence offshore Nigeria where it plans to start production in January 2016. The London-based company, operating in Nigeria and Gabon, announced on 16 November, it has turned the Aje-4 well into an oil production well. “We are very pleased to have...

Most of the events parallel to the COP 21 Paris talks are to be cancelled. This is what was announced by French Prime Minister Manuel Valls, sustained by other political personalities. “A series of manifestations is not going to take place. The event will be strictly reduced to the talks. Nothing should be made to endanger in any way, be it through crowd gathering, people manifesting in Paris....

The Indian telecommunications group Bharti Airtel is considering issuing its first bond on the London Stock Exchange (LSE) to raise £500 million ($760 million). The money will be used to refinance its debt. The company led by Indian businessman Sunil Bharti Mittal explained that the completion of this financial operation is subject to many factors, including obtaining the necessary approvals...

During a meeting on 13 November 2015 with the Managing Directors of Orange, MTN and Moov, the minister of Information and Communication Technology, Bruno Nabagne Koné (photo), announced that the renewal of their global telecom licences - which allows them to market all types of mobile technologies - was set for FCfa 100 billion (USD 163 million). The new licence will be valid for 15 years,...

The telecom equipment provider Alcatel-Lucent will equip Burkina Faso with a Cloud network which will enable the country to develop new digital public services. The virtual infrastructure whose aim is to meet the future demand in terms of digital services in the sectors of health, education, justice, etc., will be rolled out in Ouagadougou, the capital, and in five provinces of the country. This...