It seems the road has come to an end for Algeria’s Prime Minister, Abdelmadjib Tebboune. Indeed, according to APS, the minister was removed from his office by President Abdelzaziz Bouteflika himself, three months only after he assumed the position. “Purusant to article 91, paragraph 5 of the Constitution, his Excellency, Mr. Abdelaziz Bouteflika, President of the Republic, has removed from...

Over the next four years, Uganda’s flower sector will receive a $17.8 million investment from three firms, East African Business Week reports. According to the source, the companies concerned here are Wagagai Ltd ($14.1 million), Jambo Roses Ltd ($1.8 million) and Ugarose Flowers ($1.9 million), which all operate in the sector. Daniel Kiryango, Managing Director of Jambo Roses, said the...

Dangote Group has on Monday disclosed plans to invest $450million in agriculture development in Niger State over the next three years. Aliko Dangote, the President of Dangote Group who disclosed this during the 2017 Niger State Investment Summit in Minna, explained that the funds would be used to establish a large-scale rice processing mill to process over 200,000 metric tonnes of rice...

In Nigeria, the Lagos state government on Monday raised N85.14 billion ($271 million) through the issue of 7- and 10-year bonds to fund infrastructure and environmental projects across the state. According to Akinyemi Ashade, the state commissioner for finance, the bond consists of a N46.37 billion in 7-year debt with a 16.75% interest rate and a N38.77 billion in 10-year paper with 17.25%...

The United Nations Food and Agriculture Organization (FAO) has organized on August 10th and 11th in Bouna, in the North Eastern part of Ivory Coast, a workshop on rural land tenue in the country, Agence ivoirienne de Presse (AIP) reported. Co-held with the UNESCO and the Ivoirian ministry of agriculture and rural development, the workshop was financed by the United Nations Peacebuilding...

The Nigerian Minister of Finance, Kemi Adeosun (photo), has revealed plans by the Federal government to refinance $3 billion worth of short-term treasury bills denominated in the local currency with dollar borrowing of up to three years’ maturity. The Minister who disclosed this after the weekly Federal Executive Council (FEC) meeting held on Wednesday in Abuja, explained that the...

From October 1, 2016 to August 7, 2017, period over which extends the date season, Tunisia exported 103,000 tons of dates valued at 530.3 million dinars ($220 million). This was disclosed by a statement from the ministry of agriculture, water resources and fishery released yesterday. Proceeds of the exports over the period reviewed is 19% more than that recorded a year before, knowingly 445.8...

According to the Algerian Conservator of Forests, Ali Mahmoudi, the recent fires that spread in the Bejaïa wilaya, 220km from Algiers, are caused by men, not nature. The men, the official says, work for the "mafia du foncier" or land mafia. Talking about the recent fire that broke out last Friday, in the Bir Slam, the conservator told El Watan: "Over the past two days, the weather has been...

Nigeria-based petroleum products marketer, Mobil Oil Nigeria Plc., has announced that it has officially changed its name to Double one Plc (11 Plc). This was confirmed in a statement signed by Godstime Iwenekhai, the acting head, listings regulation department of the Nigerian Stock Exchange, on Tuesday. According to the document, the name change will take effect from Friday, 11 August...

Five Africans are listed in Forbes’ Top 10 Black Billionaires list, with Aliko Dangote crowing the ranking. With a wealth valued at $12.2 billion, the Nigerian Tycoon remains the world’s richest black person. Next is his fellow countryman Mike Adenuga who holds the third position in the ranking with a wealth of $6.1 billion, ahead of Isabel dos Santos, daughter of Angola’s...