The latest kamikaze attack perpetrated by the Boko Haram sect on 11 July 2015 in the central market of N’Djamena, Chad, resulting in the loss of about 10 lives and many injuries, revived the debate on the special fund determined in February 2015 by the Extraordinary Conference of Head of State of the Central Africa Security and Peace Council (COPAX) To this effect, Ahmad Allam-Mi (pictured),...

The splitting of shares of the Ivorian subsidiary of the French energy group Total (Total Côte d'Ivoire) will take place on 27th July, we learn from an official press release from the management of the UEMOA regional stock market. The fractioning proposal was cleared at the general meeting of shareholders on 17 June 2015. The fractioning report provides for 20 new shares against each old share,...

The Bourse Régionale des Valeurs Mobilières (BRVM) set a new record of market capitalisation on the stock market by crossing the FCfa7,000 billion (€10.6 billion) threshold at the close of the 09 July 2015 trading day. The market capitalisation reached FCfa 7,035.34 billion on 09 July 2015, a progression of 11.32% since the beginning of the year, representing a gain of FCfa 715.62 billion....

The sixth stage of the Tour de France has been phenomenal for Africa and the Pan African telecommunications group MTN. Daniel Teklehaimanot (pictured), a cyclist in the MTN-Qhubeka team, became the first Eritrean and black sub-Saharan Africa racer to win the red polka-dot jersey, one of the distinctions of this competition.         The end of the competition is still far, but...

The Ivorian parliament has just passed the bill on agricultural orientation of Côte d’Ivoire (LOACI). Otherwise referred to as “Loi Sangafowa”, from the name of the Ivorian minister for Agriculture, this law deals with the issues relating to the development policy of the agricultural world, Abidjan.net reports. Taking into account the different fields such as animal farming, forestry,...

Mauritania and the European Union (UE) signed a new agreement on industrial fishing. The new document comes in replacement to the previous one which expired in December last year. According to the terms, Mauritania will receive €100 million yearly from the UE to allow them to catch 225,000 metric tons of fish in its waters. If the royalties are €13 million less than the previous...

Azonto Petroleum Holdings Ltd, faced with exploration obligations on the CI-202 block in Cote d’Ivoire, decided to sell to Vitol E&P Ltd, for a total amount of US$7.1 million its shares in Vioco Petroleum Ltd as well as some of its drilling equipment in Cote d’Ivoire. A conditional sales agreement was reached and is pending the review from the shareholders, explained on 7 July Azonto...

Tantalus Rare Earths AG, mining company listed on the Düsseldorf Stock Exchange, will raise €6 million, by issuing 750,000 new shares, to support its rare earths project in North-East Madagascar. On 8th July, the company disclosed having appointed Doonberg Capital Ltd as financial advisor who will also assist them in financial packaging for this project where Tantalus has signed a...

The Norwegian company Scatec Solar and its partners have signed with the Malian ministry for Energy and Water and the National Electricity Company of Mali (EDM), an agreement for the construction, financing and operation of a 33MW solar plant. Located near the historical city of Segou in the South-East of Mali, 240 km from Bamako, this project has been developed in partnership with IFC...

The tension is at its highest at Moov Togo, a mobile operator and subsidiary of Maroc Telecom. According to the employees, the new CEO, Kitri Houchem, who took over from Djibril Ouattara in February 2015, persists since March 2015, in “not honouring the commitments made when taking office”. He was however meant to have promised to the Union of Atlantique Telecom Togo Workers (STATT) that...