United in the Acord Guinée organization, various Guinean civil society groups plan to create a platform to popularize land texts and monitor land policy within the country. Guinée Matin reports. The organization, which is backed by the UN Food and Agriculture Organization (FAO), “has several missions, which include the contribution of land policies’ design and development. It will also...

In Kenya, food import spending jumped over the first 4 months this year. Central Bank of Kenya revealed that KSh68.63 billion were earmarked for food purchases over the period, reflecting an increase by 30% compared to last year. This amount also represents about 11.64% of the country's total import expenditures which stood at KSh589.62 billion ($5.8 billion) during the period under review. This...

In an article published on Le Banco.net, Antoinette Koukougnon-Nogbou, head of the Council for Cohesion, Justice and Development (CCJD), alerts about the ecological peril facing Côte d'Ivoire as forests disappear. “We are once again raising our voices to alert national and international opinion about an ecological crisis currently prevailing in Côte d'Ivoire, following previous...

The Ivorian subsidiary of Coris Bank International approved a new credit line worth CFA10 billion ($17.9 million) to local SMEs. The document was recently signed between the company and the ministry of trade, craft, and SMEs’ promotion. This new financing of 3 years and 6 months term period will run under an annual interest rate of 9%, down from the 10% usually applied. Key beneficiaries...

Teranga Gold reported it has revised upward estimates at its Wahgnion gold project in Burkina Faso. According to the updated estimates based on results from a 73,000-metre infill drill program completed in 2017, the mine would now host 50.5 million tons of measured and indicated resources grading 1.51 g/t, representing 2.4 million oz of gold. This figure exceeds the 1.8 million previously...

Yesterday June 10, Morocco and Nigeria clinched two cooperation agreements in the field of agriculture. The first was signed between the Cherifian Phosphate Office (OCP) and the Nigerian Sovereign Investment Authority to develop a plant for ammonia and byproducts production. The second concerns professional training in agriculture and technical support within both countries’ agriculture...

In South Africa, demand for processed meat dropped by 75% due to a listeriosis outbreak which hit the country, the Department of Trade and Industry revealed June 8 in a preliminary study. The organization pointed out that the pork industry which is the most affected has seen demand for cold meat decline by 50% and profit dropped by 40%. According to Bloomberg which relayed information from pork...

South African Airways (SAA)’s catering unit-Air Chefs- plans to cut 118 jobs over a total of 1,200 employees, the country’s National Union of Metalworkers of South Africa (NUMSA) revealed. According to the organization, which stands against this measure, any restructuration operation should be subject to discussion within the entire SAA group and should not be decentralized. Moreover, NUMSA...

For the 4th consecutive year, RAWBANK remains the best bank of the Democratic Republic of Congo in 2018. This was disclosed by renowned U.S. magazine Global Finance in its 25th annual list of best banks in the world, by region. From barely 10 employees in 2002, the lender now has 1,600 staff members and more than 90 points of sales (branches and advanced counters). Complying with the best...

The African Development bank (AfDB) announced June 6, it has approved a $42 million financing to the Sudanese agricultural sector. The amount granted as concessional loans will be used to implement the Agricultural Value Chain Development Project in the country. Estimated at $47.5 million, this 5-year project focuses on the improvement of agricultural production and productivity,...