According to the 2014-2015 edition of the Global Competitive Report, the Rwandan government is 7th for the efficiency of its public management. The country comes out ahead of Switzerland (9th) or Luxemburg (10th). According to the World Economic Forum (WEF) who published this report, Rwanda’s ranking is explained in large part by the very low level of waste in terms of government...

The Bourse de Tunis (Tunis Stock Exchange) and Paris Europlace, the association defending the interests of the Paris financial marketplace, announced in a statement published on 8 July the signing of a memorandum of understanding to in particular, strengthen the sharing of expertise and the support to stock listing of Tunisian SME. The memorandum, signed during the Paris Europlace International...

The bilateral Algerian-Indian relations could be strengthened thanks to the meeting ministers Abdelkader Kadi and Sanjeev Kumar Balyan (pictured), both in charge of Agriculture, respectively for Algeria and India. The two leaders indeed indicated that the possibility of both countries establishing joint companies for agriculture has been mentioned. Poultry farming and veterinary medicine are the...

On 9 July 2015, the minister of Post and Telecommunications, Thierry Lézin Moungalla, went on ground to check on the progress of fitting fiber optic to link Congo to Gabon in the second phase of the Central Africa Backbone (CAB) project. It appears that 76 km have been deployed in a month. The works started on 18 June from Pointe-Noire. The minister finds the speed of work satisfactory. “We...

The Cameroonian government has invited bids for the inspection and monitoring of construction works of some markets at its borders. These are the markets of Fotokol, in the extreme North bordering Nigeria, Ekok, in the South-West also bordering Nigeria and Garoua Boulaï, located in the Eastern region and sharing a border with the Central Africa Republic. The three markets come in addition to...

The foreign currency reserves of Algeria lost US$ 19.02 billion between 31 December 2014 and 31 March 2015, going from US$ 178.93 billion to US$ 159.918, announced the Algerian Central Bank on 14 July. “The balance of payments deficit resulted from the external shock and the rise in the capital account deficit, and the negative impact against the appreciating US dollar led to the official...

Savannah Petroleum Ltd, oil and gas company listed in London, will soon sign a new production sharing agreement (PSA) on the oil of the Agadem Rift basin, a region located in the South-East of Niger. The new agreement covers an area of 5249 km2 and extends to the permit zone R3/R4, located in the vicinity of the previous production sharing agreement R1/R2 of 8406 km2 in the Agadem...

The Japanese group Furukawa Electric has decided to open in the near future a fiber optic assembly line for telecoms in Tangiers, reports the business magazine Nikkei Asian Review. The goal for Furukawa will be to “offer cable assemblies to telecommunications companies in Africa and in Europe while getting ready to produce connectors in the future”, the same source added. The company, based...

West African Resources Ltd, a developing company focused on gold, has come across, at a shallow depth, an oxide mineralisation at 1.5g/t of gold in a historical mining quarry in the Mankarga1 project of its Tanlouka permit in Burkina Faso. The mineralisation was cut through in two holes of its reverse circulation drilling program which is completed at 15%, specified the mining company on 14...

Africa Finance Corporation and FMO have signed an agreement to develop together with the Ivorian project company Ivoire Hydro Energy SA (IHE), for the construction of a 44 MW hydroelectric plant in Singrobo in Côte d'Ivoire.  The development costs for the project will be jointly financed by AFC and FMO, Dutch Development Bank, through a joint AFC-FMO project development structure. This...