Emirati port operator, Dubai Port World (DP World) will inject $30 million in the construction of a second port in Bargny (about 30km south of Dakar), and purchase of new equipment for the Dakar autonomous port. This was revealed by the Presidency, in a statement released after a meeting between Senegal’s president, Macky Sall, and DP World’s CEO, Ahmed Bin Sulayem (picture), yesterday,...

Egyptair plans to increase its fleet with 38 new planes which it will purchase for EGP60 billion (about $3.4 billion). This was announced last Sunday by the firm’s CEO, Safwat Musallam, local press reported. The related contract will see the carrier acquire various types of aircrafts including 27 narrow-body aircrafts and 6 Jumbo Jets. According to Safwat Musallam, the planes which will...

The international “water 2017” conference  held in Israel a week ago provided the government an opportunity to prospect for new partners in the field of water treatment and supply in Gabon. The Minister of Water and Energy, Patrick Eyogo Edzang, who led the Gabonese delegation to this conference, had a working session with the managers of the water company Odis, based in Tel...

Last Saturday, September 23, a delegation of Malagasy experts visited Saint-Louis, in Northern Senegal, as part of a mission to share Madagascar's knowledge and experience in terms of agricultural land management with members of the Project for Inclusive and Sustainable Development of Agribusiness in Senegal (PDIDAS). This was reported by the Agence de presse senegalaise (APS). “The two...

African Export and Import Bank (Afreximbank) plans to mobilize up to $1 billion in equity, over the next five years, to boost trade across the continent. According to data from the World Bank, intra-African trade over the past decade has increased significantly, now representing about 15% of the continent’s total trade volume. This is lowest for a continent worldwide, comparing to Asia...

According to the “Daily news Egypt” website, starting from September 28, 2017, telecoms subscribers may enjoy 4G internet on mobile phones in Egypt. The information was revealed by a senior official of the National Authority of Telecommunications Regulatory (Anrt). This should reassure all Egyptians who had doubts concerning the scheduled launch of the technology (this month), announced on...

Over the first eight months of 2017, Egypt’s textile products exports reached $941 million, thus 8.8% more than the year before, over the same period. This was revealed by the country’s Readymade Garments Export Council in its monthly report. Amongst the country’s main export destinations, US comes first generating $461 million of revenues for Egypt. This is up 6% compared to...

Nigeria’s film industry will generate more than $20 million in revenues by 2021. This is according to a report by PwC entitled “Entertainment and Media Outlook 2017-2021: An African perspective”. According to the report, these revenues which in 2016 were estimated at $14.4 million should grow steadily till 2021 when they, including the national box-office and advert earnings,...

Mining company Toro Gold has announced that development activities at its Mako gold project in Senegal are going according to schedule and remain within budget planned, indicating that the mine should produce its first gold in Q1 2018. They will take 18 months and $158 million will be needed to bring the project to a stable production stage.  “Since receiving the mining permit...

74%. That is the subscription rate of the first synthetic bonds issued by Benin. This was revealed by the WAMU-Securities Agency (Agence UMOA-Titres). Out of the FCFA55 billion requested by the government of the West African nation, investors’ demand stood at FCFA40.86 billion. According to some analysts, this subscription rate marks a somehow mitigated debut for this type of financial...