GB Minerals Ltd, a Canadian mining company planning 25 years of low-cost operation on high grade phosphate in Farim, Guinea Bissau announced on 21 July having received an advance of CAD 1 million from its main shareholder A.B. Aterra Resources Ltd. The mining company listed in Toronto intends to use these funds to finance its expenditures in the development of the Farim project and to handle,...

According to the Guinean news website Aminata.com, the attention of the World Bank has been drawn to a financial scandal around fiber optic in Guinea. The failure of the renovation of two buildings of the Guinéenne de Large Bande (Guilab) by the ministry of Posts, Telecommunications and New Information Technologies, led by Oyé Guilavogui (pictured), with the view of extending submarine...

The Tunisian ministry of Finance has launched a call for expressions of interest to recruit new CEOs for its three public banks namely the Société Tunisienne des Banques (STB), the Banque Nationale Agricole (BNA) and the Banque de l’Habitat (BH). The hiring process, we learn, occurs as part of the banking reform and the introduction of a new mode of governance. According to the terms of...

Radio Alpha Blondy FM does not only bear the name of the famous music artist. In 5 months of operation, the media has already found its footing and made its mark in the Ivorian media world. This is the overview of the managers of the radio launched last March. Alpha Blondy FM is in the top 5 of the best radio stations in Abidjan, they claimed during the press conference given on 20 July...

Four new Canal+ channels have been broadcasting in sub-Saharan Africa since 21 July 2015. They are channels exclusively dedicated to sports: Canal+ Sport 1, Canal+ Sport 2, Canal+ Sport 3 and Canal+ Sport 4. “These four channels will benefit from the acquisition of many new sports broadcasting rights in all major sports”, indicated the press release from the Canal+ group, subsidiary of the...

In Mali, the cotton season is progressing well while the authorities have just announced that 97% of areas dedicated to the crop have been seeded. According to the Malian Textiles Company (CMDT), the production target of 650,000 metric tons could be reached. “97% is a satisfactory level and for the remaining 3%, we will be able to seed them while focusing on getting higher yields” Ousmane...

Former Malagasy president Marc Ravalomanana is trying to stage his comeback as first citizen of the state. He, who was ousted by a coup in 2009, is currently involved in the campaign for the municipal election which will take place by end July since his spouse Lalao Ravalomanana is bidding for the seat of mayor of the capital city. At the same time Mr Ravalomanana is trying to make his return on...

French ready-to-wear brand Kiabi continues with its development in Northern Africa. After Morocco where it has seven outlets, the group announced in a press release that next October it will be commissioning its first store in Tunisia and subsequently will establish itself in Algeria. Covering a sales area of 1,500 m2 the Tunisian Kiabi store will be located in the Soukra area, in Tunis. This...

The lawyers of the Société Commerciale de Banque Cameroun (SCB Cameroun), subsidiary of the Moroccan banking group Attijariwafa, will bring a case before a Cameroonian court attempting to obtain the invalidation of the decision taken against this bank on 10 July 2015 by the Financial Markets Commission (CMF), the regulatory authority of the Douala marketplace (DSX). In this decision that...

The foreign sales of the Tunisian company Ciments de Bizerte fell by nearly 95%, in an environment marked by fluctuations in demand on the Algerian market, and almost zero sales on a Libyan market facing socio-political turmoil. Despite this situation, sales in Tunisia have sustained operations during the first quarter 2015. Revenues are at 26.3 million dinars, an increase of 10.7% compared to...