"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...

It seems that the Mozambican government has abandoned the idea of releasing its 26% shares in the mobile telephone operator Mozambique Cellular (MCEL). The company is part of a group of companies from which the state was planning to exit, for lack of strategic nature because they were not part of its yearly and 5-year plans, or because the shares were too small. The option finally chosen for MCEL...

The Vietnamese telecom group Viettel, operating in Burundi since March 2015 under the Lumitel flagship, announces having already reached one million subscribers after only four months of operation. In May, two months after starting operations, Tao Duc Thang, Vice-Director of the company, indicated that it already had 800,000 subscribers. A dynamism which demonstrates the great need still felt by...

The mobile telephone operator Moov Gabon continues in its quest for innovation with a new service called "Moov web2sms". According to explanations from the company, "Moov web2sms" allows the user to click and send up to 10,000 SMS at the same time. "It is a Moov service which brings flexibility and efficiency to to your communication needs. With a single click on your computer you can inform...

In Congo, Malaysian investors are planning an investment of FCfa 350 billion in a food industry project. Out of this amount, FCfa 50 billion have already been invested in the production of palm oil and margarine, indicated Willy Etoka (photo), president of the Eco-Oil Energie group whose company is leading this project. The Congolese leader in the palm oil sector, which already exploits some...

During his speech to the nation, for the 55th anniversary of the independence of Gabon, the head of state announced several decisions including the creation of a National Council of Traditional Chieftaincies of Gabon, and above all, the transfer of his part of the inheritance from his father to a foundation for youth and education. "Given the numerous difficulties, accentuated by very...

The World Bank will grant Morocco a total sum of USD 850 million during the fiscal year 2015/2016 (July 2015-June 2016). Out of this amount, a loan of USD 150 million has already been approved on 8 July to finance the Large Scale Irrigation modernisation project for the benefit of some 9300 Moroccan farmers in 4 regions: Doukkala, Gharb, Haouz and Tadla. Four other loans are under negotiation...

The credit-rating agency Standard & Poor’s (S&P) announced, in a release published on 14 August, having downgraded the prospects of the sovereign rating of Angola from “stable” to “negative”. The rating of this country, second crude oil producer in Africa has however been maintained at “B+”. S&P explained the downgrading of Angola’s rating by the “continuous...

Cabinda Gulf Oil Company, a subsidiary of the American oil and gas group Chevron Corporation, has estimated the volume of oil extracted during the year 2015 on the blocks Zero and 14 in Angola to be 5 billion barrels, reports Angop. According to John Baltz, Managing Director of the group, the rate of oil production was sustained at a level of efficiency, despite the unfavourable situation...

Togolese Internet users have difficulties gaining access to the web since last week. The network is characterised by disruptions which make connecting to internet difficult, in some cases even impossible. For the lucky ones who nevertheless manage to get online, the speed is too slow to enable communication. Pages do not load, the cursor keeps going round, a sign that downloading the page is...