In a bid to attract more investments and preserve those it currently has, the Algerian government announced that it “will gradually establish 50 new industrial zones throughout 39 wilayas, with long term loans from the National Investment Fund”. The zones should facilitate investors’, both local and foreign, access to industrial land. The announcement was disclosed in the action plan which...

Spanish consulting and engineering firm, Incatema Consulting, has obtained the approval of Angola’s government to develop an agro-pastoral project in the Samba Caju municipality, in the Cuanza Norte district. This was reported by the Angolan press agency (Angop). Valued at $73 million, the project should help valorize the region’s agricultural potential and falls in line with the...

Congolese land owners have been given a month to get registered under a single registry or face sanctions. This was announced on September 7, 2017, by the minister of land affairs and state domains, in charge of relations with the Parliament, Pierre Mabiala. The official was then addressing the national association of land owners. “First, we would like you to provide a complete file listing...

Construction works for the urban train project in Ivory Coast’s economic capital baptized “métro d’Abidjan” are set to officially begin in November this year, in the presence of French president, Emmanue Macron. This was disclosed by Ivory Coast’s president himself, Alassane Ouattara, during an official visit in France where he met with his counterpart from the latter, M. Macron, last...

The meeting of lenders organized by the Chadian government, in Paris on September 7 and 8, 2017, to secure funding for its 2017-2021 National Development Programme (PND) was a true success. Indeed, while it initially intended to mobilize FCFA3,710.88 billion (around $6.74 billion) for the programme, the Central African nation was able to get nearly FCFA10,000 billion (around $18...

On the sidelines of the 7th edition of the Africa green revolution forum, Togo’s prime minister, Komi Selom Klassou, who was representing President Faure Gnassingbé at the event said the four following challenges are the main factors that impair agriculture's growth in Africa: Climate change Land issues Insufficient investment Lack of access to loans for small producers These,...

From 2000 and 2016, malnutrition rate in seven African nations decreased by 40-50%. This is according to a report released, by the Panel Malabo Montpellier which regroups 17 African and European experts, on the sidelines of the Africa Green Revolution Forum (AGRF) 2017. The report is entitled “Food: How can Africa build for itself a malnutrition-free future?”. The report which is based on...

Planned for this month, the US-Africa energy summit which was to be held in New York has been cancelled. This is “because of the denial of US visas to the vast majority of registered African participants, which, as a result, defeated the purpose of the summit and made it untenable,” the event’s organizers said. According to Samba Baldeh, Gambia native and elected official in the US, the...

Over the past 16 years, Nigeria’s power sector lost more than $30 billion (11,000 billion naira) of revenues due to corruption. This was disclosed in a study entitled “From Darkness to Darkness: How Nigerians are Paying the price for Corruption in the Electricity Sector” released by Ngo Socio-Economic Right and Accountability project (SERAP). Referring to the losses,...

UBA Cameroon, subsidiary of Nigerian banking group, United Bank of Africa (UBA), recorded a profit of 1.956 billion naira (FCFA2.951 billion) for the first half of 2017. This makes the Cameroonian unit the most profitable of the Nigerian lender, among its pairs in French-Speaking Africa, according to the group’s financial reports at the end of June 2017. All over UBA’s network in Africa,...