Over the second quarter of 2017, Morocco has borrowed a total of 152 billion dirham ($16.2bn) of securities, up 104% compared to 74.1 billion dirham in the previous quarter. This was disclosed by a statement from the Moroccan Authority for Capital Markets. 80% of Securities borrowed in Q2 2017 were bonds from Morocco’s public treasury. Certificates of deposit, bonds, and equity loans...

On September 7, the World Bank has approved a $150 million loan programme to the Kenyan government.  With the 30-year maturity and a 5-year grace period, the loan, which comes from the World Bank’s branch focused on developing countries, the International Development Agency (IDA), will help the government improve administrative and operational functioning of many ministries and...

Cogelec Energy, a firm specialized in the provision of power services in Senegal secured a FCFA185 million ($336,700) funding from Teranga Capital.  “Since our establishment in 2014, we are eager to put our expertise at the disposal of populations to improve access to productive energy. This funding will help us improve the quality of our services to better support our clients,” said...

From September 25 to 29, 2017, in Windhoek, Namibia, will take place the 5th Africa and Digitization Conference. At the meeting will be present leaders in broadcasting, satellite services, online distribution channels, telecom operators and regulators from all over the world.  This edition of the event which is themed “Transformational Leadership During a Time of Digital Transition”,...

Mali’s ministry of mines declared last Tuesday that in 2016 the country’s mining revenues increased by 1% to FCFA247 billion ($454 million). According to details released by Reuters, these revenues include 163.79 billion of taxes, 46.62 billion of custom fees, and 36.88 billion in dividends and others.  According to Mamadou Sidibé, deputy director of the statistics and planning office...

In Cote d’Ivoire, the minister of Agriculture and Rural Development, Mamadou Sangafowa Coulibaly, officially put into office the members of the council for monitoring of the rural land agency (AFOR). The related ceremony took place in Abidjan, and marked the commencement of the institution’s operations which was established in 2016 as a result of President Ouattara’s will to boost land...

Starting today, September 13, 2017, Guinean officials will no more be able to get US visas. Indeed, Washington went through with its threats to sanction Guinea which it blames of having not cooperated enough in the process to repatriate Guineans living in the United States illegally.  “Starting from September 13, 2017, the US embassy will no more issue B, F, J and M visas to Guinean...

After various media relayed that talks between the Nigerian government and Ethiopian airlines regarding the acquisition of Arik Air by the latter were ongoing, shareholders of the private Nigerian company have decided to sue the two parties mentioned by the media. Indeed, on September 6, 2017, Arik Air’s stakeholders filed a complaint to High Federal Court of Nigeria, in Lagos, against...

Quickchannel, Swedish audio and video communication specialist announced it has selected SkyGroup Communications as partner to distribute its products in South Africa. Through the new partnership, Quickchannel will be able to provide African companies technology integration services such as streaming and cloud. Though SkyGroup provides services similar to Quickchannel’s, it now has under the...

In Ivory Coast, cotton fiber exports by land have been banned for the 2017-18 marketing year. This was disclosed in a circular dated September 8, 2017, published by the customs general directorate. In parallel, the document states that exports of cottonseed by land with be subjected to the provision of an export authorization certificate signed by the Cashew and Cotton Council (CCA).  Let...