Tokely Justin, the head of Madagascar’s national institute for decentralization and local development (INDD), asked mayors to make further efforts to achieve sustainable land tenure security, L’Express de Madagascar reports. Speaking during the award of certificates of completion to the land tenure office agents in Vakinankaratra region, the authority stressed...

AP Moller Capital, an affiliate of A.P. Moller Holding, has recently announced that the total commitment for its second close for Africa infrastructure fund stood at $215 million. The total commitment for this fund is valued at $865 million, very close to the $1 billion targeted. “We are pleased and proud to announce that six months after the announcement of our Africa...

The African Development Bank granted Burkina Faso $74 million (about CFA39.37 billion) to support Epine dorsale Nord, the Nigeria-Niger-Benin-Togo-Burkina Faso electricity interconnection project. According to the Burkinabe minister of economy and finance, the financing is broken into a $51.3 million loan and a $22.6 million donation. In the framework of this project, a 330 KV...

At the end of the latest Ministers’ council in Benin, the government announced that the limit price per kg of cashew has been increased to CFA650 for the 2017-18 marketing season which began yesterday March 15 and will run till next October 31. This price is up by CFA150 compared to the price during the previous season (CFA500). It is also one of the highest in the West African...

Yesterday March 15, Cote d’Ivoire made a noticeable return on the international financial market by issuing a record €1.7 billion securities on Eurobond. This is the biggest Eurobond issuance ever made by an African country, Bloomberg revealed. It is also the second-largest euro-denominated debt obligation issued by an emerging country this year; Romania being the first with its...

Ezdehar Egypt Mid-Cap Fund and NBK Capital, respectively private equity firm specialized in the funding of Egypt-based medium-size enterprises and the National Bank of Kuwait’s investment branch, have each made a bid to acquire a majority stake in MisrCafé, an Egyptian instant coffee producer and roaster. The information was revealed by the country’s media without more details.  Arqaam...

The International Finance Corporation (IFC), World Bank’s private lending arm, has finalized a $2.75 million loan agreement with Trivitron Healthcare Africa, a medical joint venture targeting Africa. This new resource comes as a complement to the $7.25 million previously mobilized by the joint venture partners Trivitron Healthcare and IFHA (Investment Funds for Health in...

On March 13, 2018, Senegal’s trade minister Alioune Sarr (photo), signed a memorandum of understanding on the marketing of the artisanal-made raw oil and the industrial refined oil with several local operators of the peanut sector. The operators who signed this memorandum are namely Sonacos, Touba agribusiness complex (CAIT) and the industry and agribusiness operators association...

José Salgueiro, the head of studies, planning and statistics office at the Ministry of energy and water revealed that between 2013 and 2017, Angola’s water and energy sector received $13 billion as investments. The official said that the fund was mainly used to expand the country’s energy production and transport capacity. The largest share (80%) went to the energy sub-sector...

The mining giant Glencore signed a cobalt sale agreement with the Chinese battery recycler GEM. Indeed, according to a financial notice published yesterday March 14, the company agreed to sell about a third of the cobalt it will produce, during the next three years, to GEM. Under the agreement’s terms, between 2018 and 2020 the world’s leading cobalt producer will sell a total of 52,000...