The operations of Siguiri gold mine, owned by SAG, a subsidiary of AngloGold Ashanti, has been stopped this week, following a strike launched on 28, August 2018. Among the strikers’ grievances is the demand that the mine be retrieved from the expatriates, who have already spent more than four years there, and entrusted to Guineans ; same thing for Ghanaian workers in charge of the...

Attijari Bank, a Tunisian institution owned by Andalu Carthage Holding (a subsidiary of Attijariwafa Bank) recorded TND33.2 million ($12 million) profits on foreign exchange transactions during H1, 2018. This represents an increase of TND10 million ($3.63 million) compared to this same value in 2017. This performance greatly contributed to the increase in the revenues generated by the...

By midday August 30, 2018, the shares of MTN group lost 20% of its value, on Johannesburg stock exchange where it is listed, with the announcement of a new crisis between the group and Nigeria. Indeed, the central bank of this country where a large portion of its subscribers are located (54 million out of the 221 million subscribers declared at End June 2018) requires the payment...

In the First seven months of 2018, trade between Egypt and China amounted to $7.5 billion, according to the figures published by Chinese customs. This represents an increase of 24% compared to the performance in 2017. During the period under review, China’s exports to Egypt rose by 22.6% to stand at $6.5 billion while Egypt’s to China grew by 34.1% to $1 billion. Let’s...

The UK announced, via the Minister of State for Africa Harriett Baldwin (photo), the implementation of a £70 million programme that would create 100,000 jobs in Nigeria. Speaking at a trade meeting organized during UK prime minister Theresa May’s visit in Nigeria on 29, August 2018, Harriett Baldwin explained that this programme would boost the incomes of three million citizens in Nigeria's...

This week, during the 68th session of the WHO Regional Committee for Africa being held in Dakar, Senegal, African countries promised to implement the strategies aimed at eradicating Cholera from the continent.   WHO explains in a statement that Africa, Sub Saharan Africa to be precise, remains one of the most affected regions in the world. According to its data, in 2017, more...

Uganda’s tea exports that transited via Mombasa auction centers grew by 11.6% in 2017, The monitor, quoting figures from Bank of Uganda, reports. According to information reported by the media, this growth of the tea exported via the auction centers in Mombasa Kenya also indicates an increase in value of the exports in the past three years. Indeed, in 2017, the country exported $79.8...

Paystack, a Nigerian startup that provides online payment solutions, raised $8 million from a consortium of investors led by the American firm Stripe. Tencent Holdings, a Chinese firm offering data and mobile services, Visa, the American credit card service and Y Combinator which provides seed funding to startups also invested in the start-up. The funds raised will help the startup founded...

On August 27, 2018, Société de fabrication des boissons de Tunisie (SFBT) became the first company listed on Tunis stock exchange to reach TND4 billion (about $1.45 billion) of market capitalization. This level capitalization was reached when the local subsidiary of Castel group ‘s shares was listed at TND24.300 each. While Tunisia’s economy is slowly growing after lean years, due to...

Côte d’Ivoire has developed a digital platform to let companies and institutions freely submit their financial reports to the tax administration. Called E-liasse, the platform was developed in the framework of the dematerialization of financial reports’ management prescribed in one of WAEMU’s directives dating back to 2009. This directive instituted a single window approach for financial...