Telnet Holding, a Tunisian Computer systems design services company, has just been granted all the required authorizations to establish a subsidiary in the United States. Baptised Telnet Corporation, this new subsidiary falls within the framework of the group’s strategic direction which is focused on diversifying its international market. Let’s remind that Telnet Holding has already...

Eritrea is planning the construction of a new port on the red sea to benefit from the opportunities provided by the normalization of its relations with Ethiopia, Alem Kibreab (photo), Eritrea's general director of the Energy and Mines Ministry, indicated. According to the official’s statements reported by Bloomberg, the country wants to cash in the opportunity of being a potential destination...

On August 21, 2018, Burkina Faso and World Bank signed three funding agreements totaling $470 million (about CFA266 billion) for education, health, and water supply projects.   The first agreement will support the higher education system with $70 million. This project is aimed at facilitating access to higher education and providing quality education in focus areas such as...

The Ghanaian aviation minister Cecilia Dapaah (photo), announced on August 20, 2018, that the government has initiated discussions with foreign partners for the launch of a national airline company. “Cabinet has given approval for the ministries to negotiate with Air Mauritius and Abu Dhabi, whilst continuing with Ethiopian Airlines and other strategic investors to establish a home-based...

On Monday, August 20, 2018, Algeria’s public Hydrocarbon Company Sonatrach announced that it has joined the “Zero Routine Flaring by 2030” initiative launched by World Bank in 2015 to reduce systematic gas flaring by 2030. Sonatrach is, therefore, joining 35 oil and gas companies such as the Tunisian, Egyptian and Moroccan national oil companies, 27 governments (California included) and 15...

Burkina Faso has just issued a call for tender to select companies in the framework of a project aimed at extending its electrical network. The country is indeed planning to construct electricity transport and distribution infrastructures in 12 localities namely, Yaho, Mamou, Maoula, Madou, Fobiri, Mouni, Kongoba, Bondo, Mina, Balembar, Medar and Soriane,  Esi Africa reports. The works to...

 The Tunisian High Audiovisual and Communications Authority (haute autorité indépendante de la communication audiovisuelle-Haica) threatens to withdraw the accreditation of the private channel Hannibal TV if it does not clarify, as soon as possible, the situation of the journalists it recently laid off. Indeed, on August 16, 2018, 34 journalists, technicians and agents were informed of...

On Monday, August 20, 2018, Kore Potash published the first resource estimation for its Dougou deposit, a body extension to its main Sintoukola (Kola) potash deposit, in which Congo owns 97% of shares. According to the estimations published, the deposit hosts 232 Million tonnes grading 38.1 % KCl (sylvine, a rock comprising mainly potash), including 67 Mt grading 60.1% KCl.   This new...

July 17, 2018, was the payable date for Banque Marocaine pour le Commerce et l'Industrie (BMCI)’s shareholders. As the main shareholder with 66.7% in BMCI, the French banking group BNP Paribas received MAD859.9 million, a little more than €78.5 million, of gross dividends. For each share, investors such as Axa Assurance Maroc (8.8%) and Holmarcom (8.4%), were paid MAD97 as gross...

Today August 22, 2018, the British exploration firm Sound Energy announces that it just completed its 2D seismic acquisition program over 2,850 linear kilometers in Eastern Morocco. According to its explanations, the program has been completed within the set budget with no time wasted. This 2D seismic acquisition program falls within the framework of the firm’s plan to dig three wells (TE-9,...