Russia has signed with Nigeria a contract to build and operate nuclear power plants in order to palliate the Western African’s power deficit issue, Bloomberg reports. The agreement includes conduction of a feasibility study for the construction sites, evaluation of capacity and financing, as well drawing a schedule to develop the project.   The signing of this new agreement...

In 2016/17, the global coffee output stood at 122.45 million bags, thus 4.8% more than last year, the International Coffee Organization (ICO) revealed.  In detail, the institution explains that exports of the Arabica variety soared by 7.9% to 77.52 million bags, while Robusta exports slumped by 0.2% to 44.93 million bags.  Moreover, ICO reveals, the beans exports reached their highest...

Dutch group Heineken, second largest brewer in the world, will inject CFA20 billion in Côte d’Ivoire by the end of the year. This sum will serve to double the output of its Ivorian subsidiary Brassivoire which currently has a production capacity of 1.6 million hectoliters of beer a year. The announcement was made yesterday by Brassivoire’s managing director, Alexander Koch.  ...

“Pending consultation with Congress, the United States is today pledging up to $60 million to support the G5 Sahel Joint Force’s counterterrorism efforts,” Rex Tillerson (picture), US State secretary, said yesterday in front of the UN Security Council. This is good news for the G5 Sahel countries considering that the US had been very reluctant to supporting the G5 Sahel forces (whose...

Senegal’s government announced last week that it would, in partnership with the UN Conference on Trade and Development (UNCTAD), a national green exports assessment programme (ENEV). This project aims to improve the results of competitive export sectors allowing to generate social and environmental impacts and agricultural added value.  Among targeted sectors, those of cashew and mango...

South Korean investors are interested in the Moroccan power sector. Indeed, they have signed with the authorities of the kingdom a framework-agreement for the integration of both countries’ markets. “We are opened to all suggestions. We are bringing our technological know-how and our expertise to Morocco and, also, to explore new ways for cooperation Africa. For us, the Moroccan power market...

A few weeks only after selling its 99.8% stake in Goulette Shipping Cruise, Tunisian investment firm El Karama Holding decides to sell its 88.8% stake in Société Touristique Golfe (STTG). STTG, whose shares will be sold to local and foreign investors, is a tourism development firm that exploits complexes of the Tunis-Côtes touristic area in Carthage including hotels, leisure and congress...

Ivanhoe Mines has concluded with Société Nationale des Chemins de Fer du Congo (SNCC), a memorandum of understanding (MoU) to rehabilitate the railway that connects its Kipushi mine to Munama, South of Lubumbashi. Under the MoU, construction works will begin at the end of 2018. Ivanhoe will appoint consultants to conduct front-end engineering study to assess the impact and cost of...

In Burkina Faso, migration toward digital Tv should be effective by the end of January 2018. This was disclosed by Rémis Fulgance Dandjinou (picture), Burkina’s minister of communication, last October 28, as he was on-air on the “Antenne Directe” show of the country’s public radio. While discussing with the public radio station’s journalists, the minister has first explained reasons...

During a café rencontre organized by Business Report, the American businessman Harold Doley Junior revealed that a consortium of international investors led by his organization pland to invest $1 billion in South Africa. “I am a firm believer that Africa can, and will, fulfil its potential for growth and create opportunities, especially for young people. It is with this in mind, and...