Swiss Internet Service Provider (ISP), Cajutel, has announced that it will prolong its e-currency fundraising to finance the construction in Guinea Bissau of its solar-powered broadband network. The new closing date for the operation is November 18, 2017. The operator’s decision comes after China banned crypto-currency fundraisings. A situation that led to Cajutel’s Initial Coin Offering...

Egypt’s second biggest state-owned bank, Misr, plans to initiate talks to the China Development Bank (CDB) to secure a new credit line of up to $500 million. According to the lender’s deputy managing director, Akef Al-Maghrabi, this falls in line with the institution’s plan to diversify its sources of funding. Funds mobilized will help finance Egyptian projects involving Chinese...

State Bank of Mauritius Holdings (SBM), Mauritius’ second largest bank, made a non-binding offer for the partial acquisition of Kenya’s Chase Bank. “If agreed, it is expected that the proposed transaction will be concluded by the end of 2017,” said the Central Bank of Kenya in a statement. Let’s recall that last June, SBM Holdings and French group Société Générale were announced by...

In 2016, Tanzanian horticultural exports were valued at $642 million, up 17.8% compared to the year before ($545 million), thecitizen reported.   In parallel, horticulture has contributed to 43% of export earnings, confirming its position as the sub-sector of activity with the fastest growth rate in the agricultural sector. Truly, while the latter recorded an overall growth rate...

Cora Gold, active in Mali on the Sanankoro gold project is now listed on AIM, London’s alternative stock market. “Today is a seminal day for Cora Gold marking our admission to the LSE as a West African gold developer and explorer,” CEO Jon Forster said.   Subsequent to the listing, Cora Gold was able to raise £3.45 million by placing and subscribing 20.93 million new...

In Benin, Cotonou’s interim mayor, Isidore Gnonlonfoun (picture), has proceeded last Friday to the official installation of the members of the new land management commission of his city. Comprised of 11 members, it will be steered by a 5-member office which will have at its head the president of the permanent commission of the municipal council in charge of state lands and environmental...

Mining firm Lucapa Diamond secured from singaporean Equigold Pte, a $15 million financing to develop the first phase of its Mothae diamond project in Lesotho. Under the related agreement’s terms, the three-year loan will be repaid in eight quarterly tranches, starting from December 2018. It is at this date that Lucapa plans to make Mothae enter stable production. The loan will be...

R20, Arnold Schwarzenegger’s (picture) foundation, will finance a biomass power plant in Ivory Coast, according to Governor Augustin Thiam. Thiam said the initiative whose pilot project will be developed in Yamoussoukro, “provides a sustainable solution to the issue of garbage dumps”, in the country.  Besides generating electricity for the nation, the project is also good news for...

An 8-day training session on sustainable land development just ended in Kenya. “The use of media in sustainable land management” targeting 30 African communication specialists, the session was co-organized by the New Partnership for African Development (NEPAD) and non-governmental organization Terrafrica.  “Conscious of the abuses we suffer, related to our lands’ degradation,...

Since last October 6th, users of Orange Cameroon are experience a very bad internet connectivity. First, there was an issue about access to data network that whole day then when the issue was finally fixed, the quality of the service was bad, and this persisted. In a statement from Cameroon Telecommunications (Camtel) released on September 26, 2017, the issues faced by Orange’s users are...