In Morocco, the government is considering removing the subsidies it allocates to the national sugar sector. The executive intends to ultimately save some three billion dirhams which will be rerouted towards the health sector, among others. According to Medias 24 which obtained this exclusive news on good authority, the measure, which will be effective at the start of the coming year, falls...

Policemen were held captive in the offices of the television channel Afrique Média located in Douala, the economic capital of Cameroon. They had come to seal it on this 10 August 2015. A deployment from 3 police stations (Central n˚2, 10th and 11th arrondissements), in addition to the Special Rapid Response Team (ESIR). They were however powerless against the crowd. It is about 3 P.M. when the...

SABER-ABREC (Société Africaine des Biocarburants et des Energies Renouvelables- African Biofuel & Renewable Energy Company) abd UNIAFRICA (Union for the development of relations between Italy and Africa) have signed a co-operation protocol to promote the establishment of energy projects, both public and private, in sub-Saharan Africa. The agreement, signed by the CEO of SABER-ABREC Mr....

According to Abuja, the drainage of the Lagdo dam located in the north of Cameroon could force the Nigerian populations living next to the Benue river, the most important water body in Eastern and Central Nigeria, to move. Furthermore, AFP indicates that, the government has issued an advisory to these populations to "be ready to evacuate" the sensitive zones while urging the local authorities...

The agricultural success-story that Côte d’Ivoire is currently experiencing attracts the interest of agricultural implements manufacturers for this market. Most recently, Japanese Satake and Kubota have indicated following a work visit on Ivorian soil that their companies would soon launch big projects in the country. The top management of these companies is looking at the possibility of...

The Islamic Development Bank (ISDB) will provide a financing of USD 170 million for the construction of two new universities in Benin, the Office of the President of Benin announced on 10 August. "The head of state had discussions on Friday 7 August with a delegation from the Islamic Development Bank about new universities established in our country. ISDB promises to support this initiative with...

The Ivorian head of state will visit Libreville, from 27 to 29 August 2015, according to a communiqué from the Office of the President. During this trip, the head of state will participate in the 4th edition of the New York Forum Africa (NYFA), on the central theme of "Investing in the Energy of the continent". "The President will have discussions with participants on the on the key role of...

The Tunisia parliament passed on 6 August, a law on the recapitalisation of two public banks, namely Société Tunisienne de Banque (STB) and Banque de l’Habitat (BH) for 867 million dinars (about USD 440 million). The recapitalisation plan was approved by 109 votes for, 10 against and 8 abstentions. The state should inject 757 million dinars in STB and 110 million dinars in BH. The Tunisian...

Following the request of the Ethics Council of the Stocks and Shares Market (CDVM), trading of shares in the Moroccan public limited liability oil and gas company (SAMIR) on the Casablanca Stock Exchange have been suspended this 6 August, «pending the publication of important information», we learn from an official source. The situation appears to be another notch in the difficulties detected...

Congo and Angola will produce the first oil barrels on their common project on the offshore Lianzi deposit starting from October, according to Les dépêches de Brazzaville. The Angolan minister of Oil Jose Maria Botelho de Vasconcelos and his Congolese counterpart André Raphaël Loemba confirmed, on 31 July, this timeline, following the 24th meeting of the interstate operational committee of...