SUCAF CI, a subsidiary of French agribusiness group SOMDIAA, plans to inject CFA84 billion into the Ivorian sugar sector. The information was disclosed on February 6th by Alexandre Vilgrain, SOMDIAA’s managing director. Speaking during an audience with the country’s Prime Minister Amadou Gon Coulibaly, the executive said that this investment is intended to bridge the domestic...

In Ethiopia, the second Growth and Transformation Plan (GTP II) enabled over its 2-years implementation, the electrification of 993 villages and the improvement of power supply in 146 towns. The minister of water, irrigation and electricity announced. Over the last 6 months, 254 villages were given access to electricity and 35 towns have seen their power supply improved. However, the initial...

Over two months, Togo’s government has launched no less than ten reforms to facilitate business creation by youth and women in the country. These reforms include: removal of registration fees and stamps duties, liberalization of social capital, exemption of business tax for young entrepreneurs, reduction of legal ads costs to CFA1,000 from CFA5,000, tax incentives etc. Also, 20% of public...

Coris Bank international has signed, on behalf of its subsidiary in Côte d’Ivoire, a guarantee agreement worth CFA1.72 billion ($3.2 million) with African solidarity fund (FSA). This initiative enables the bank to finance the creation and exploitation of a quarry in the country.    According to FSA’s commitments, the guarantee will supersede the borrower when the latter fails to...

Today, in Dakar, the Agricultural and rural prospective initiative (IPAR) and the National Council for Rural Collaboration and Cooperation (CNCR), launch the action research project named “Promotion d’une gouvernance foncière inclusive par une amélioration des droits fonciers des femmes au Sénégal”, a statement reveals. “This project aims to contribute to the improvement of...

Cocoa prices could increase by the end of 2017-18 cocoa season. Indeed, Reuters reports that the price could increase to $2,200 per ton on New York futures exchange (ICE) and £1,550 on British futures market (LIFFE). Compared to the price during 2016-2017 cocoa season, this would represent increases by 16% and 11% respectively.   This good performance should stem from a...

Mohamed Ali Bathily (picture), Malian former minister of State property and land affairs, advises “self-defense” to landowners victim of speculators as the country’s judicial system is unable to severely punish land speculators, Mali Actu reports. According to the authority, mobilization and concerted actions are now required. “Since 2015, I’ve lodged complaints against...

Tanzania could export 84, 000 tons of rice to Kenya and 60, 000 tons to Rwanda in 2018, according to the East Africa Cross-border Trade (EACT)’s recent forecasts.   In a document relayed by the East African, this outlook is based on an assumption of strong market supply in the country, thanks to a good harvest in August and high stocks which could lead to a price...

The Ivorian government wants to increase coffee producers’ income to CFA180 billion from CFA60 billion, by 2020. The trade minister, Souleymane Diarrassouba (photo), announced during the 57th annual general meeting of the Inter-African Coffee Organization (OIAC) which ends today in Grand Bassam. According to him, this should be achieved through the implementation of various...

Orascom Construction Ltd, a company that conducts industrial infrastructure works in MENA area and the USA, announced in a statement posted yesterday that it has received new orders valued at $650 million during the fourth quarter of 2017. According to the group, a major part of these orders ($580 million) was from Egypt-based companies operating in renewable energy and building. In...