The Chinese group C&H Garment Company will build a clothing manufacturing plant in Senegal with an investment of US$25 million. A memorandum of understanding was signed on 5th July between the Agency for the Promotion of Investments and Major Works (APIX) and the managers of C&H Garment Company. The project, part of the Emerging Senegal Plan (PSE), will be located in the Diamniadio...

Savannah Petroleum Plc published on 8th July an update on the assessment of the potential of its licence zone R1/R2 which featured a significant increase in the risk-adjusted prospective crude oil resources in this site located in the South-East of Niger. The independent assessment done by CGG Robertson came up with 1.191 billion barrels of risk-adjusted crude oil prospective resources in the...

KKR (Kohlberg Kravis Roberts), a firm specialising in private investment in particular purchases through leveraging, has retained the services of Dominque Lafont, previously in charge of the Bolloré Africa Logistics group, one subsidiary of the Bolloré group. Mr Lafont will be Advisor for Africa. Let us remember that KKR is in competition on this world region, with other investors such as...

The mining sector in the African context is “highly competitive” and has pushed a lot of African countries, some with lesser mineral potential than Gabon, to change their legal framework. This is, in a nutshell, the point of view of Fabrice Nzé-Békalé, CEO of Société Equatoriale des Mines (SEM), who expressed himself in an interview given on 6th July to GabonReview.com. He estimated...

The Franco-Korean consortium Bouygues-Dongsan Engineering and the Ivorian government have signed, on 6th July 2015, an agreement for the construction of an urban train in Abidjan with an investment of FCfa852 billion (€1.3 billion). This train, which will link the Ivorian economic capital Abidjan to its airport, will transport “around 300,000 people on a daily basis” on a line of 37.5...

The legal representatives of Justin Sugar Mills (JSM) a company who launched in 2012 the construction project of a FCfa 60 billion sugar complex in Batouri, in the East-Cameroon region, project which was subsequently taken away by the government in February 2015 and awarded to Moroccan Cosumar, following “malfunctions” reported in the project management; is claiming from the Cameroonian...

In Benin the government has set a goal of 500,000 metric tons for the cotton production during the 2015-2016 season. To reach it, the executive have decided to put in place incentives in favour of the producers. As related by an official communiqué transnmitted by APA, “the Beninese government has decided, to not only offer them 100 tractor kits in order to relieve them of the hardship of...

According to a study, the west-african agriculture will not be able to respond to populations’ needs in the region unless it relies on a better integration of the states. The work commissioned by the African Development Bank (ADB), FAO and ECOWAS, meet the challenges faced by regional agricultural industry. Thus, the report indicates, that integration could be the key to achieving economies of...

The Swiss group Ringier announced the launch of a digital communication agency on the African market. For a few years now, the company has been present on the continent through online platforms. In Nigeria, there is the website Pulse.ng. In Ghana, it is Tisu.com.gh and Allsports.com.gh. The online platform Rupu.co.ke is in operation in Kenya. In Tanzania, there is ZoomTanzania.com. In Senegal,...

This June 2015, the Angolan stock market registered an overall volume of transactions of US$197.5 million. The operations involved 161,301 bonds, we learnt from a press release from the local commission of financial markets on 7th July 2015. In May 2015, this value of stock turnover reached US$47 million, which amounts to an overall transactions value of US$244 million, for the two periods...