The leading global advisory, brokerage and solutions company Willis Towers Watson plans to settle in 14 African countries to help boost insurance development. Insurance Business Mag reported July 6.   “We’re now in talks with interested parties about moving its businesses in 14 markets,” said Adam Garrard, the head of international operations. The markets to be reached include...

Prospect Resource which operates the Arcadia lithium project in Zimbabwe, announced today July 9 it entered into an option agreement with J3 Mining to acquire up to 75% interest in the Malemba Nkulu lithium and copper-cobalt project in DR Congo. The transaction is subject to a free 90 day due diligence period which ends next September 25. Concerned assets include two exploration permits covering...

TSX and AIM-listed Avesoro Resources active in Burkina Faso and Liberia, reported today July 9, a 128,319 oz year to date output. This figure is in line with full year guidance of 220,000-240,000 oz. “Already this year, we have substantially outperformed the Company's prior year total annual gold production of 76,179 ounces and we remain on track to meet our 2018 production guidance of 220,000...

A recent Global Tech Media WeeTracker report revealed that between January and June this year, Kenyan startups captured the largest share of investments made in Africa. Over the period, African startups completed 118 transactions and mobilized $168.6 million. Nigeria attracted the most investors handling 31 transactions for $29.41 million. However, Kenya realized 23 deals but captured...

As a fulfilment of President Patrice Talon’s promise during election campaign, the review of Benin’s constitution is about to be reached. Initially rejected, the draft on constitution review was validated by the National Assembly but failed to obtain the qualified majority required for a direct vote. As a result, the draft will therefore be subjected to a referendum. “The principle of the...

The International Finance Corporation and the global agriculture and food security program will jointly grant a $4 million loan to UK’s Global Tea & Commodities to expand activities in Malawi. The money will be used to deploy renewable energy solutions to boost tea and macadamia production and support nearly 3,300 local farmers. Global Tea which produces tea, coffee and macadamia nuts...

The International Monetary Fund (IMF) committed $250 million in financing to Tunisia, an institution statement revealed July 6. According to Reuters which relayed the news, this credit line is the fourth granted by the institution under a $2.9 billion 4-year credit program. The latter is expected to help the North African country implement economic reforms to keep budget deficit in...

The local subsidiary of banking group United Bank for Africa (UBA) in DR Congo showcased a new virtual banking service called “Leo”. According to Marcel Bitang, Chairman of UBA-DRC, the offer is designed for online advisory and includes a contact interacting with customers via Facebook Messenger. It is expected to assist them carry out banking operations such as account opening, account...

On July 5, the President of the Republic of Mali Ibrahim Boubacar Keita granted a first batch of 13,000 digital tablets to University students. This was during a ceremony organized by the Universal Access Fund Management Agency (AGEFAU). The move is part of the “Doniya, one student, one tablet” project announced by the president in June 2016 at the summit of Francophone ministers of...

The Zambian government plans to make the country a major palm oil exporter, Xinhua reports. According to a government statement, there is a huge potential for oil palm that remains to be exploited in the Southern African Development Community (SADC), especially in DR Congo and Angola which are massive importers of the commodity.   Moreover, the government said the country could collect...