For South African white farmers, presidents are all the same. Indeed, during his term in office, Jacob Zuma wanted to revise the constitution to facilitate the black majority’s expropriation of farms without compensation. His successor Cyril Ramaphosa continues in the same vein.  “We will accelerate our land redistribution program not only to redress a grave historical injustice but...

In the next three years, The United States will invest CFA22 billion into cashew value chain in Senegal, Gambia, and Guinea Bissau. The US ambassador to Senegal, Tulinabo Mushingi, told APS. The amount should help increase the production and export of the nut in these nations and create jobs in the value chain. Let’s recall that in Guinea Bissau, revenues from the export of cashew...

Algeria has saved $5.4 billion in the past two years thanks to its import licensing system. The minister of commerce, Mohamed Benmeradi (photo), announced on Feb. 15, before the Algerian parliament. This system, implemented by the Algiers in 2016, is part of the national policy for external trade regulation. Authorities said it helped the country save more than $3 million in 2016...

The mobile operator, Expresso, a subsidiary of the Sudanese telecom group, Sudatel, has finally invested in the Senegalese mobile money sector. The telecom company launched its ‘E-money’ dedicated to mobile money service on Feb. 15, 2018, in Dakar. By doing so, the company expands its offers to consumers. “This new service will benefit all our customers and everybody in the...

The Ivorian government partners with Afriland First Bank to set up a guarantee fund for the poultry industry (FGSA), the Ivorian daily news imatin reports. The partnership agreement was signed on Feb. 15 by Kobenan Adjoumani (photo), the minister of animal and fisheries resources and Olivier Kengne, the bank’s managing director. The fund which is intended to improve the...

On Wednesday, Feb. 14, during a ministerial reshuffle, the Zambian president Edgar Lungu appointed Richard Musukwa (photo) as the new minister of mines. He replaces Christopher Yaluma who is now the minister of commerce. Musukwa was a member of the Zambian parliament and former deputy minister of mines.   The president has also replaced the minister of finance, Felix Mutati, with...

Malian humanitarian organizations want to mobilize $263 million to assist the most vulnerable populations. This was announced on February 15, 2018, by the secretary general of the ministry of solidarity and humanitarian action.  The fundraising falls in line with the country’s 2018 humanitarian response plan, supported by about 41 humanitarian organizations. The amount will be used...

Cahora Bassa Hydroelectric Dam (HCB), in Mozambique, launched a public tender to sell 7.5% of its share. The process which will be conducted through the Mozambique Stock Exchange (BVM) aims at hiring a financial intermediary. The latter will be in charge of the organization, registration, authorization, publication, launch, and execution of the HCB shares’ public sale offer. “The...

On Wednesday February 14, 2018, the Angolan parliament approved the 2018 budget which is $45.69 billion. This was revealed in a statement issued by authorities. According to Reuters’ reports, the State forecasts a 4.9% economic growth, well beyond the estimate (1.6%) of International Monetary Fund (IMF). This rate is driven by various strategies of economy diversification and...

Wednesday, February 14, 2018, OreCorp announced it has obtained a certificate of environmental impact assessment for its Nyanzaga gold project in Tanzania. The certificate, granted after 18 months of work on the project is a prerequisite for the issuance of a mining license. OreCorp said it has already filed the mining lease application and it should receive a special mining...