World Bank will provide $60 million to help refugees and host communities in Chad, Soukeyna Kane, the bank’s country director, indicated this week.   According to statements relayed by Xinhua, this fund granted as donations will help implement the Projet d'appui aux réfugiés et aux communautés d'accueil (PARCA) aimed at creating favorable conditions for refugees and improve their...

Telecommunication company Airtel is now part of the cricket tournament organised by the Seychelles - India Day organising committee as part of the activities to celebrate friendship between the two countries. Airtel became the main sponsor for the event which will take place on place on 16 September at the ex-Seychelles College field at Mont Fleuri, after Managing Director Amadou Dina and...

On September 11, 2018, Saterex, the Algerian company specialized in the manufacturing of Iris branded electrical appliances signed a sales agreement with KVS Import Solutions, the American company specialized in online distribution. Via this agreement, Saterex will offer its Iris branded smartphones to American consumers. Djamel Guidoum (photo), deputy managing director of Iris, explained that...

Minos Agricultural Machinery is planning to set up an assembly plant in Ghana to supply the Sub-saharan market. This was announced by the company’s public relations manager Kaan Sen during a recent work visit (at the group’s headquarters at Izmir, Turkey) carried out by a Ghanaian delegation led by Carlos Ahenkorah, Ghana’s Deputy Minister of Trade and Industry.   “Our plan is...

From November 23-25th Abidjan will host the second year the Electronic and Video Game Festival of Abidjan (FEJA). This event is organized by Paradise Game, major player of the video game industry in West Africa, in sponsorship with Orange Côte d’Ivoire, and in partnership with the RTI (Radiodiffusion Télévision Ivoirienne), the Palais de la Culture of Abidjan, Yolo Media Factory, AOS Africa,...

On September 10, 2018, Peyman Kargar, Nissan’s vice president, announced that his group would set a pick-up assembly plant in Tunisia in collaboration with the local group Mzabi. “This project whose implementation cost is $33 million and which will be realized in two phases in partnership with Mzabi group will help create 500 jobs”, the vice-president said. This was announced...

BMCI, a subsidiary of BNP Paribas, is planning to invest MAD90.2 million ($9.5 million) into its IT branch by 2020.   This is the largest investment the bank will realize during that period. Apart from the IT department, it has allocated MAD57.1 million for real estate investments and MAD2.8 million for other investments. In 2017, the bank invested MAD71.5 million in its IT department and...

As of 2019, Botas, the Turkish company specialized in LNG imports will increase the volume of its yearly LNG imports from Algeria which is from 4.4 billion m 3 to 5.4 billion m3. Indeed, last Tuesday, the Turkish news agency Anatolia informed that Botas and Sonatrach, Algeria’s public oil company, amended their 2014 gas contract to increase the yearly volume to 5.4 billion m3. This...

On September 11, 2018, The TSX-V listed mining company Awalé Resources, operating in Côte d’Ivoire, announced that it raised CDN832,500 through a non-brokered private placement by issuing 6.66 million shares worth CDN0.125 each. The company plans to use the placement to fund its ongoing operations in Cote d’Ivoire, and cover general as well as operating costs. In Côte d’Ivoire, the...

Jacobs Engineering S.A, a Moroccan firm specialized in various sectors like mining, transport infrastructure, and energy was awarded a contract to upgrade electrical infrastructures in Benin. This firm jointly created by OCP group and the American firm Jacobs Engineering in 2009, will build four solar power plants, transmission lines, electrical substations and a dispatching center in the...