The government of Zimbabwe has turned its words into actions, and quite rapidly at that. Indeed, less than a month after President Emmerson Mnangagwa (photo) has declared in his investiture speech that white farmers expropriated in the framework of the land reform initiated by his predecessor, Robert Mugabe, will be compensated, a first farmer, Robert Smart, just got back his lands which were...

The government of Sudan has announced the temporary ban of 19 products including food products. The measure came into effect last Thursday and it aims to protect the local currency and reduce the county’s budget deficit. It is implemented as the Sudanese pound keeps falling to the dollar since the lifting of US economic sanctions. This will lead to a boost of Sudan’s imports and affect...

In November 2017, Kenya’s has exported Sh776 million ($7.5 million) worth or coffee, thus down more than 15% compared to the same month the year before, according to Businessdailyafrica. The decrease is mainly due to the low trading of the crop on the Nairobi Coffee Exchange-NCE. In fact, according to the NCE’s managing directo, Daniel Mbithi, while the volume exported was stable, the...

Côte d’Ivoire and Senegal are among the top 10 African nations to have attracted most funds for startups in 2016, according to data released by Partech Venture, a US firm specialized in tech companies starting up funding. Côte d’Ivoire, with a total of $13 million attracted by its startups, ranked 5th in the index. Senegal for its part ranked 9th with $6.5...

Rice self-sufficiency in Senegal will not be achieved in 2017 as initially planned but in 2019 rather. This was reported by APS, quoting President Macky Sall. While recognizing the additional efforts that will be needed to achieve the output of 1.6 million tons of paddy rice that will insure self-sufficiency, the leader however mentioned some positive indicators.  Among these, the 15%...

Fox will make available National Geographic in Africa, via entertainment platform Cell C. This at the beginning of 2018. The news was revealed to Variety by Jan Koeppen (picture), CEO Europe & Africa Fox networks group.   It is the first time that the channel will be available in Africa outside of linear Tv canals. The goal here is to create “binge watching” for the documentaries. Made...

Sierra Leone’s parliament has approved the construction of the Bumbuna II hydropower dam which will have a production capacity of 143 MW. The dam will be an extension of the 50 MW Bumbuna I dam.  Its construction will be carried out by Seli Hydropower, an entity that is jointly held by Joule Africa and its local partner Energy Services Company. Works will begin in the second half of 2018...

In 2016, Chinese tourists that traveled to Africa represented 10% of all Chinese that traveled out of their country that year (against 3% in 2008). This equals a little more than 11 million trips to Africa by Chinese tourists according to Xinhua, which based itself on data from the World Tourism Organization (WHO).   The number of Chinese tourists visiting the African continent soars...

The Ghana Cocoa Board (Cocobod) plans to secure a $750 million loan for project that aims to rehabilitate cocoa farms in the country, Bloomberg reported. The monies will be mobilized by the beginning of 2018 from local and international banks and will be used to finance the uprooting of about 400,000 hectares of cocoa farms over the next five to eight years. “About a fifth of Ghana’s...

Trade between Brazil and African nations is progressing after a few year of slowdown. This is what revealed data from Brazil’s ministry of Industry, Trade and Services, reported by Macauhub. This improvement reflects a new diplomatic environment, at the dawn of the economic crisis that struck one of the world’s most dynamic emerging markets. The actual context has promoted trade and business...