Moroccan city Meknes has been selected to host next November 8 to 10, the eleventh annual seminar of the Mediterranean Land Research and Exchange Network (FONCIMED). The event entitled “allocation of financial resources in Mediterranean areas: uses of law and forms of regulation” has been organized in collaboration with the Moulay Ismaïl University. It will “focus on the land...

In Kenya, 350 private firms have just been forbidden access to energy tenders by the Kenyan Power Lighting Company. The decision followed an internal audit that revealed that more than two thirds of the 500 contractors did not meet the set criteria for pre-qualification but have so far been awarded contracts through nepotism. “Any contractor out of those three hundred and something...

JSE-listed Alphamin Resources announced last weekend it will raise C$19.2 million (about $15 million) through a non-brokered private placement of 76.8 million common shares worth C$0.25 each. The sale is expected to end next June 18. The fund will be used to further the development of its Bisié tin project in DRC. Moreover, the company indicated that it will receive by early June, a...

The NSE-listed Union Bank of Nigeria announced last May 22 it will deploy an innovative Robotic Process Automation (RPA) technology for banking operations. This technology is the first of the sort in the country. It consists in the use of robotics software to automatize repetitive tasks, reduce mistakes and handle tedious operations  performed by staffers. Emeka Emuwa, the...

Between last January and April, the Algerian government injected $1.17 billion in cereal purchase from international market (durum and soft wheat, semolina and flour). This figure is 16% up from the amount earmarked same period last year, Reuters reports mentioning customs data. This increase in cereal import value is part of the government’s strategy to boost food budget which...

Ethiopia plans to expand its road network to 200, 000 km from the current 121, 171 km within the next two years. This information announced yesterday May 28 by the government was relayed by Xinhua Afrique. This new target is part of the country’s road expansion program. Authorities said that Ethiopia’s road coverage increased six-fold in the last 27 years from 19, 000 km in...

Egypt has so far exported 2.8 million tons of horticulture products since the ongoing 2018 season begun. This was revealed in a report issued by the managerial administration of Agricultural Products Quarantine under the agriculture ministry. Out of this volume, citrus and potatoes account respectively for 1.9 million tons and 672, 000 tons. Other export items include onion, strawberry, pepper,...

French President Emmanuel Macron last May 24 announced a fund worth €65 million to assist African young businesses. “The French Development Bank (AFD) will deploy in coming weeks a specific instrument equipped with €65 million […] that will be used to fill support gap through fund-tranches estimated between €30,000 and €50,000 for startups in need,” the...

In the face of lack of progress in the complaint-handling, members of the Association for Law and Justice in Morocco (ADJM), gathering land and legacy grabbing victims , have just resorted to the King to address the situation. Huff Post reports. ADJM which is seeking for an audience with the King plans to leverage the Cherifian sovereign’s actions against land grabbers to further legal...

Electricity distributor-Kenya Power- signed a 20-years Power Production Agreement (PPA) with the French group Voltalia on the Kopere plant (50 MW) in Nandi County.  Under the agreement, the facility will be developed, funded and built by the French group. The project was initiated by Portuguese firm Martifer Solar acquired in 2016 by Voltalia.  “This new...