The Moroccan group Banque Centrale Populaire (BCP) has just signed an agreement with the state of Niger to buy a majority share (over 70%) in the capital of the Banque Internationale pour l’Afrique Niger (BIA Niger), reports the Moroccan newspaper L’Economiste in its newsletter dated 19 August. The amount of the transaction has not been revealed. “The objective to reach through this...

he Swiss trader and mining operator Glencore has made a downward adjustment of the financial worth of its oil assets in Chad by USD 792 million, we learn from its financial report for the period covering the first half of 2015. The company explains this situation by the important modifications made to its Chadian operations. These modifications were on the volume of investments, production...

The US is considering excluding Burundi from the AGOA programme (Africa Growth and Opportunity Act), a scheme of trade preferences granted to African countries, due to its lack of respect for criteria required by Washington in matters of Human Rights and democracy, an official of the American Department of State announced on 18 August. "There is a review process under the AGOA system to examine...

"Bring knowledge close to the population" such is the mission assigned to the future digital university TV which will emerge in Senegal. And the channel could be launched this year in 2015. "Our wish is that if we have the required authorisation before the end of the year 2015, that at least an embryonic national version is operational", said the Minister of Higher Education and Research, Mary...

Toro Gold Ltd announced on 19 August that it has satisfactorily completed its final feasibility study and environmental and social impact evaluation reports on its Mako project, reiterating that the first gold bar would be produced in the first semester 2017. The company mentioned, on this occasion confidence in its mining activities with commercial production of gold in this project located in...

Once more, the subscribers of the mobile telephone operator Orange are experiencing bad quality of service. For a week now in Yaoundé, it is difficult to call, voice communication is unsteady, one has to keep trying to send one text message. Subscribers to the Mobile Money service can neither pay their bills, nor withdraw money. The USSD code is not available, one can read in the message...

Petroceltic International PLC, having in its portfolio oil and gas assets in North Africa, launched a call for tenders on 19 August for the supply of engineering, supply and construction services in connection with its Ain Tsila gas and condensate development project in Algeria. The notice was sent to the shortlist of 4 competitors being Daewoo Engineering & Construction Co, the GS...

Wood Group, an engineering and services company specialised in oil projects from offshore operations to refinery, has landed a multi-million dollar contract with the giant Anglo-Dutch Shell in Gabon offshore. The contract takes immediate effect and should offer job opportunities to about 200 Gabonese, we learn from Wood Group which boasts of over 40 years of experience working with Shell. The...

Andy Gent is categorical. Between 12 and 13 August 2015, Revector, his company specialised in detecting GSM frauds throughout the world, made a thousand test-calls in Cameroon. "700 calls were made with sim cards from operators Orange and MTN. 65% of these calls were done illegally", he confided to the private Cameroonian daily Mutations, which reported the conclusions of a forum on frauds...

"The country is in danger, the whole economy could collapse. There are definitely other unexpected events, due to the regional issues. I want to minimise damages at Telnet. We do not know where the country is going, may God protect us". It is in those terms that Mohamed Frikha (photo), Tunisian politician and businessman, ended his speech on 30 June 2015, during the stormy general meeting of...