On the sidelines of the dissemination Workshop of the land for housing Report held in Abidjan, the Ivorian Minister of Construction, Housing, Sanitation and Urban Planning, Claude Isaac Dé (photo), announced that his ministry is working to make land offers more attractive. Abidjan.net reports. “The Minister promised more speed and security, through the simplification and...

In Zimbabwe, revenues from tobacco exports amounted to $360 million since the beginning of this year according to the Herald, quoting data from Tobacco Industry and Marketing Board (TIMB). Out of this figure, the regulator indicates that farmers captured the largest share ($236.3 million) while exporters received $123.9 million. Although these export revenues are down by 15% from the...

Angola plans to secure a Loan worth more than $15.5 billion under a credit facility agreement from China to develop many multisector projects. This was revealed by the Angolan government in a memo sent to investors within the framework of a new bond issuance. Therefore, Angolan authorities hope to secure over $2.5 billion from Exim bank China for infrastructure and energy projects. Out...

At the end of March 2018, the South African group Sanlam announced it has reached an agreement to acquire the rest of Moroccan group SAHAM Finances for $1 billion. A transaction whose completion is subject to prior approvals including that of the Moroccan Insurance and Social Security Supervisory Authority (ACAPS). However, according to information reported by Le Desk, this...

Angolan government plans to privatize 74 public companies within the next few years. This was indicated in a memo sent to investors as part of the country’s bond issue operation. According to the document, this strategy aims in the long term, to reduce state contribution in a highly centralized economy. In this wake, the government plans to sell all its shares in the 74 companies in question....

Last May 11, World Bank approved a $100.85 million (CFA55 billion) loan commitment for agriculture, water and ICTs sectors in Burkina Faso. The agreement was initialed by Rosine Coulibaly (photo), Burkinabe minister of economy, finance and development and Cheick Fantamady Kanté, World Bank’s resident representative in Burkina Faso. Two agricultural projects including Bagré...

In 2017, trade volume between Egypt and Mexico amounted to $ 123.4 million, authorities revealed during the launching ceremony of Egypt-Mexico Business Council last week. Out of this figure, Egyptian exports to Mexico reached $71 million, while imports from Mexico stood at about $52 million. Egypt’s main imports items from Mexico include tubes, railway spare parts,...

Partial results from phase I of Côte d'Ivoire’s national operation aiming at identifying and locating religious associations, cult places and religious buildings, revealed that Abidjan alone hosts 5890 cultural entities and religious buildings of all faiths, as of 02 May 2018. Officially launched last October 25 by the Ivorian home affairs Ministry’s Directorate General of Religions, this...

Ethiopia exports generated $2.1 billion during the first three quarters of the 2017-18 fiscal year. This represents an achievement rate of 56.9% from the $3.66 billion initially targeted and a deficit of $1.58 billion. According to authorities, this rather poor performance is mainly due to smuggling. Among exported items, oilseeds, tea, and electricity recorded the best...

China will grant Ethiopia a total of $265 million under two agreements signed yesterday May 10, to develop a drinking water project and for humanitarian assistance. The documents were initialed by the Ethiopian Minister of Finance and Economic Cooperation, Admasu Nebebe, and the Chinese Ambassador to Ethiopia, Tan Jian. The first financing ($250 million) granted as a concessional loan will...