To tackle various land challenges and regulate the sector, Benin plans to adopt a law on developed properties. This was announced by Noukpo Jean-Paul Houndeffo, information secretary of the National Order of Architects and Urban Planners, on TV channel ORTB. “The law will oversee conditions to use and occupy lands in the Republic of Benin. Real estate development is quite on the rise in Benin...

Development bank of Namibia (DBN) raised N$291 million ($21.99 million) during its first fundraising campaign on local financial markets. DBN, whose major shareholder is the Namibian government, is satisfied with the results as their expected target was between N$200 and 300 million. This fundraising received 26 subscriptions offers from 13 Namibians and South African investors. The bonds whose...

Soon, Mauritius will have the Indian Ocean’s biggest oceanarium. According to lexpress.mu, the news website that revealed this, the infrastructure will be built by the Eclosia group and be located in Caudan, a seafront which hosts Port Louis’ Marina.  Construction of the project which is valued at 500 million Mauritian rupees (about $15 million), will begin in January 2018 and...

On September 12, 2017, Senegal hosted the 32nd meeting of the Permanent Interstate Committee for Drought Control in the Sahel (CILSS), Médias Post reports. The meeting’s topic was “Land Use and Occupation: Atlas of Sahel and West Africa’s landscapes”, a tool for planning and help in decision-making process.       “It is imperative to find pertinent and...

Trump’s administration issued a visa restriction order for citizens from 4 countries worldwide, including three in Africa. These are Cambodia, Eritrea, Guinea and Sierra Leone. The law entered into effect since September 13, 2017. The United States blames those countries of not cooperating in the framework of repatriation of their citizens living irregularly in the US. According to Washington,...

Trump’s administration will pursue the “Power Africa” programme, announced Andrew Herscowitz who coordinates the initiative in the US. Various US officials including State secretary Rex Tillerson support the initiative and want it pursued, the coordinator said. Launched in 2013 by President Barack Obama, Power Africa aimed at doubling access to power in sub-Saharan Africa, by 2030. The...

Last Tuesday, the World Bank has announced it would provide Tunisia a $60 million funding to support a project that aims to fight youth unemployment. Named "Moubadiroun" (or Initiator), the economic integration project will focus on disadvantaged young men and women from 18 to 35 years living  the Central West, North West, South, the Sfax governorate and the Manouba marginalized...

This year, Côte d’Ivoire’s budget deficit should increase to 4.5% against 3% from 2012 to 2016. This was disclosed by the country’s Vice President, Daniel Kablan Duncan (photo), at the "Banking Tomorrow" forum co-organized by the Financial Times and the International Finance Corporation (IFC). Excluding the increase of budget deficit, the nation’s good economic performances, according...

Golden Rim Resources, which is active on the Kouri gold project in Burkina Faso, has raised $1.27 million via a rights issue. The money will be used to fund drilling program at the firm’s flagship project, as Golden Rim intends to convert the JORC exploration target to a maiden resource by the end of this year. “We are pleased with the results of the rights issue and the support we have...

Wyplay, a French firm that makes softwares for TV operators, just announced it would soon open its first office in Africa, in Tunisia to be exact.  The office will regroup engineers, support and quality control staff whose role will be to contribute to the realization of ongoing projects in Tunisia and the region, while creating new opportunities. The leaders of the French company explained...