The launch of six new stores during the first semester 2015 seems to have benefitted the Magasin Général group in Tunisia. Its revenue excluding tax for the above mentioned period has risen by 20.78% compared to that of the same period the year before. During the period under consideration, personnel expenses increased by 22.84% compared to that of the same period during the previous year,...

Orange and Bharti Airtel International (Netherlands) BV have engaged in exclusive negotiations for four Airtel subsidiaries in Africa. The Airtel subsidiaries targeted for acquisition by Orange are that of Burkina Faso, Congo-Brazzaville, Sierra Leone and Chad. The parties specified that discussions would not necessarily result in a firm agreement. In March, the two operators had already linked...

The French group Dassault Aviation supplied, on 20 July to Egypt, the first three Rafale fighter aircrafts out of 24 planes ordered by this large North African country in the midst of a war against terrorism. The presentation of these planes to the Egyptian authorities took place at the French military base of Istres in front of about one hundred attendees, with Ebad Badawy, the Egyptian...

In Côte d’Ivoire, the city of Bonoua will welcome an agro-industrial complex dedicated to the processing of cocoa and cashew nuts. The facility will generate 4,000 direct jobs for the youth of the region indicated Kouao Niamoutié (pictured), president of Côte d’Ivoire Logistique and project initiator. In his speech given during the cornerstone ceremony of this complex, the businessman...

The trial of the ex-head of state of Chad, Hissène Habré, started this 20 July 2015 in Dakar, Senegal. Apart from the opening proceedings which all press will be allowed to cover, only the Senegalese national television Radiodiffusion Télévision Sénégalaise (RTS) has been authorised to record and broadcast the contents of the trial. The announcement of this decision was not at all welcomed...

The mobile telecom operator Tigo is again stained by a telecom fraud scandal perpetrated by one of its employees. After the dismantling in June 2014 of the fraud network on mobile credit transfers, led by four Tigo agents, the Police Criminal Investigations Division (DIC) has brought to light a new network operated by Abdoulaye Dramé, sales inspector at the telecom company. With the assistance...

“Bukari ya Kwetu” is the name of the new premium quality corn flour in the ex-province of Katanga (Democratic Republic of Congo) by the African Milling Company Congo (AMCC). The biggest miller of Central Africa declared that this product will enable to stop corn flour imports in the province. For Barthélémy Mumba Gama, who heads the agriculture department of Katanga, this flour could...

The Corporate Social Responsibility (CSR) is convincing an increasing number of economic players and transforming companies. It is characterised by the consideration of environmental and social responsibilities in the global strategy of a company. It covers multiple areas of action: rational resources management, human resources management, fight against climate change, customer, supplier and...

As part of FAGACE strengthening its operations for in favour of member states, Henri-Marie Dondra, managing director of the Fund signed at the Cotonou headquarters of the institution a loan agreement for SUD BUILDING on Thursday 16 July. Indeed, in addition to guaranteeing funds, FAGACE will also from now on directly finance projects which have a good potential and suitable organisation. Since...

Grounded for about forty days due to a strike, Air Madagascar planes will finally be able to fly again. The top management and striking employees of the national Malagasy company have indeed signed in the evening of Friday 18 July a memorandum of understanding to put an end to this stoppage. “This agreement will put an end to the deadlock at Air Madagascar” indicated the new chairman of the...