In Mali, the cotton season is progressing well while the authorities have just announced that 97% of areas dedicated to the crop have been seeded. According to the Malian Textiles Company (CMDT), the production target of 650,000 metric tons could be reached. “97% is a satisfactory level and for the remaining 3%, we will be able to seed them while focusing on getting higher yields” Ousmane...

Former Malagasy president Marc Ravalomanana is trying to stage his comeback as first citizen of the state. He, who was ousted by a coup in 2009, is currently involved in the campaign for the municipal election which will take place by end July since his spouse Lalao Ravalomanana is bidding for the seat of mayor of the capital city. At the same time Mr Ravalomanana is trying to make his return on...

French ready-to-wear brand Kiabi continues with its development in Northern Africa. After Morocco where it has seven outlets, the group announced in a press release that next October it will be commissioning its first store in Tunisia and subsequently will establish itself in Algeria. Covering a sales area of 1,500 m2 the Tunisian Kiabi store will be located in the Soukra area, in Tunis. This...

The lawyers of the Société Commerciale de Banque Cameroun (SCB Cameroun), subsidiary of the Moroccan banking group Attijariwafa, will bring a case before a Cameroonian court attempting to obtain the invalidation of the decision taken against this bank on 10 July 2015 by the Financial Markets Commission (CMF), the regulatory authority of the Douala marketplace (DSX). In this decision that...

The foreign sales of the Tunisian company Ciments de Bizerte fell by nearly 95%, in an environment marked by fluctuations in demand on the Algerian market, and almost zero sales on a Libyan market facing socio-political turmoil. Despite this situation, sales in Tunisia have sustained operations during the first quarter 2015. Revenues are at 26.3 million dinars, an increase of 10.7% compared to...

The revenue for Algerian oil and gas exports dropped by 43.71% during the first half of 2015, leading to an increase in the trade deficit of the country, announced the Customs authorities on 21 July. These exports which represent about 94% of Algeria’s foreign sales earned the country US$ 18.09 billion during the first six months of 2015 against US$ 32.14 billion for the same period in 2014....

In Côte d’Ivoire, the president Alassane Ouattara has just reshuffled his cabinet. The main new development is the creation of a complete communication directorate which the president has handed over to his niece, Masséré Touré. There was up until now a president’s communications unit led by Masséré Touré heading the written press, and Amadou Coulibaly managing television and radio....

The French telecom group Orange, currently in negotiations with the Indian telecom group Bharit Airtel for the acquisition of its subsidiaries in Burkina Faso, Congo, Chad (pictured), and Sierra Leone, would like the sale operation to be concluded by 4th quarter 2015. The information was disclosed by the spokesperson of Orange, indicated the news website Mobile World Live. According to the...

The Central African president Catherine Samba Panza has proceeded with a second reshuffle of the provisional cabinet of Prime Minister Mahamat Kamoun (pictured) in less than a year. Six new faces make their entrance in the government which is meant to lead the country till the advent of a new government following the elections scheduled in October and November. Nicaise Samedi Kamoulaisse...

According to exclusive information from the Moroccan website Medias 24, the holding Anouar Invest will sell its fishing business to Supreme Group for 800 million dirhams. The media which makes reference to sources close to the project indicated that Anouar Invest will sell all its shares in the company Silver Food and its subsidiaries Silver Fishing and Sopcoda to Talem Food & Beverages...