On September 25, 2017, Mauritius Telecom has signed with IOX Cable, a firm with experience in building submarine cables in Africa, a contract to become an anchor tenant on its IOX Cable System which should be operational in 2019. The 8850km-long cable will connect Mauritius, La Reunion and Rodrigues Island to South Africa and India.  With the new submarine fiber optic cable system,...

The Anse Boileau health centre can now offer better services to its patients thanks to a substantial donation from Airtel. The donated items worth around R175,000 were presented to the Minister for Health Jean-Paul Adam by the director of Airtel, Amadou Dina, yesterday afternoon at the health centre. In attendance were the chief executive of the Health Care Agency Dr Danny Louange, special...

The Islamic Corporation for the Development of the Private Sector (ICD)-the private sector arm of the Islamic Development Bank (IsDB), and Alfa Solar Co- a subsidiary of Alfanar Company, have signed facility agreements for a US$28.5 million Shariah-compliant senior financing to part fund the development, construction and operation of a 50 megawatts solar PV project (the “Project”) in the Arab...

China’s People's Liberation Army (PLA) proceeded to its first military exercises in Djibouti on September 25, 2017, opex360, a website specialized in military news related. The news was originally announced on CCTV, a Chinese broadcasting channel. The exercises featured armored vehicles and dozens of Chinese soldiers. They aimed to “boost the toughness in combat and mastery of military...

Despite a 5% increase in its turnover, the net loss of the Tunisian company for equipment (STEQ), which is listed on the Tunisian stock exchange, worsened in the first half 2017, standing at TND2.75 million ($807,400), against TND1.4 million over the same period last year. The poor performance is once again due to an increase of the firm's financial charges. Indeed, the latter reached TND4.25...

In 2016, Africa spent $65.8 billion on food imports. This was revealed by the Trade Law Centre for Southern Africa (TRALAC) in a report which gives a global overview of agricultural trade in Africa in 2012-2016.  The amount spent is 21% less than what was disbursed in 2012 ($83 billion). It was mainly used to purchase staple food products, such as cereals (rice, maize, and wheat),...

A company named Atlantique Assurances Cameroun IARDT with a starting capital of CFA2.1 billion was established on February 4, 2016, in Douala. This can be read in a recently published legal notice.  The new company, whose corporate purpose stipulates that it is an insurance company specialized in accidents, is headed by Guy Rolland Rasoanaivo, and has at the top of its board Ivorian...

The government of China, through Eximbank China, granted a CFA 19.5 billion loan to Cameroon to fund its e-government project. The latter aims at improving international trade. According to the two governments, this project consists in setting a platform where economic operators can access information on international trade related standards and services. Let it be recalled that, according to...

Last September 16, the thrust block of a culvert crumbled in Ebomé, along the Yaoundé-Douala road which is part of the Douala-Ndjamena and Douala-Bangui corridors. Few days later, on September 25, another road section, along the Ngaoundéré-Dang road, in Cameroon’s Northern region, collapsed. Due to these two incidents, transporting goods to Kousseri, which shares a border with Ndjamena,...

ASKY, the Pan-African airline, is pleased to inform its esteemed customers of the reorganization of its Schedule as of November 1, 2017. With the new Schedule, transit time in Lome has been reduced from 3hours to 1hour 45 minutes maximum and some flights have less than 40 minutes connection.   With the re-opening of Banjul, Freetown and Monrovia, passengers now have the possibility of a...