Tunisair announced, in a press note released on 24 August, having taken delivery of a new Airbus A 330-200. The new aircraft is a long haul bi-reactor with larger “lie Flat” type seats. Christened Sidi Bou Said, from the name of “the emblematic village jewel of Arab and Andalusian architecture in the suburb of Paris”, the new airplane will enable all passengers to have their individual...

The hotel group Club Med announced, in a press release published on 25 August, that it would open in 2017 a second resort in Senegal, with an investment of 63 million Euros. The memorandum of understanding for the construction of Saraba Village was signed on 21 August by Henri Giscard d’Estaing, Chairman of the Board for Club Med, in the presence of Mahammed BounAbdallah Dionne, Prime Minister...

Benin will issue a FCfa 40 billion bond (USD 70.11 million) with 6.25% interest rate, on 27 August, announced the director of the Public Treasury, Job Olou, in a communiqué. This issuance will have a term of 5 years, the same source added. The bond will be offered to investors in the CFA franc zone in units of FCfa 10,000 through a public auction organised by the Central Bank of West African...

Is the Burkinabé Radio Television (RTB) boycotting activities from ex-President Blaise Compaoré’s political party? No, say the bosses of the public media, namely the CEO, Marie Danielle Bougaïré (photo), the director of the national radio, Evariste Combary and the director of the national television, Ouezzin Louis Oulon. To confirm it, they held a press conference to address the complaints...

In order to ensure the integration of digital technology in the daily life of people and boost the country’s economic development through ICT, Tunisia has launched a countrywide broadband internet access project. The project, estimated to cost around 200 million dinars (approximately USD 116 million), will be on the installation of modern equipment to enable quality internet signal reach all...

Is the dynamic which made the Ivorian cotton crop reach a record level last year running out of steam? While the country had set its production target at 500,000 tons, it appears it will not reach the same level as last year according to Intercoton. According to the president of the inter-professional cotton organisation of the country, the responsibility of this situation lies mainly with the...

For the African countries in the Mediterranean area, the market was never as ready for olive farming as now. Indeed, the market price for olive oil has reached its highest level over the past ten years at 4,099.52 Euros per ton. This increase is mainly due to the challenges faced by the two main producers of this oil, Spain and Italy. If Spain usually provides 45% of the world production of the...

Cairn Energy Plc, a British oil and gas company, has registered the drilling of an exploratory well on the rich offshore Bellatrix prospect as part of its assessment and exploration program on the offshore Senegal potential. The Bellatrix well will be the third well in a sound evaluation program of three years for which the joint-venture partners was been granted approval by the Senegalese...

Gabon has just taken another step in the implementation of the GRAINE program (Gabonaise des réalisations agricoles et des initiatives des nationaux engages – Gabonese Agricultural Achievements and Initiatives of Committed Nationals). Indeed, the government has just announced the departure of 54 trainees to Malaysia. The young people, first of a group of 2,500, will spend four months in the...

The 14th edition of the African Growth and Opportunity Act (AGOA) opens today in the Agondjé stadium in Libreville, with the ministers and Trade experts pre-forum. Based on the official program, this event will be launched on Wednesday 26 August 2015 by the head of state Ali Bongo Ondimba who will give a speech. The Office of the President of the Republic of Gabon announces that the forum will...