On 26 September 2024, on the occasion of the Pointe-Noire Business Forum, Congo Terminal announced the construction of a new port terminal at the port of Pointe-Noire for a total investment of almost 400 million euros. In view of the exclusive terms offered to Congo Terminal and in anticipation of the growth of its activities, the company is building a new container terminal, Congo Terminal...

The program will support reforms to address macroeconomic imbalances, strengthen debt sustainability, and promote private sector-led growth. Yesterday, the International Monetary Fund (IMF) announced its board of directors approved a $210 million loan for Liberia. The first disbursement will be around $5.8 million, according to the statement. This program is part of a 40-month...

In a new statement, CRIET special prosecutor Mario Metonou confirmed that former minister Oswald Homeky, the Republican Guard commander, and businessman Olivier Boko were arrested for attempting a coup. Benin’s former Sports Minister Oswald Homeky, businessman Olivier Boko, and the head of the Republican Guard were arrested on the night of September 23-24, 2024. The arrests were announced in a...

Strengthening bilateral relations, advancing infrastructure projects, and transitioning to clean energy will take center stage in discussions between the American president and his Angolan counterpart. President Joe Biden will visit Angola from October 13 to 15 to enhance economic relations and reaffirm the United States' commitment to Africa. The announcement came from White House Press...

Nigeria Secures Financial Support from U.S. Chamber of Commerce, Boosting Struggling Sectors. The aim is to improve mortgage access, bolster SMEs, and enhance local cashew processing. Nigeria has secured $320 million in financial support from the U.S. Chamber of Commerce, Vice President Kashim Shettima announced yesterday during the 79th United Nations General Assembly in New York. The...

Last week, U.S. Secretary of State Antony Blinken visited Egypt for talks to strengthen cooperation between the two countries. Despite human rights violation accusations, Washington continues its military partnership with Cairo. The U.S. State Department has approved a $740 million sale of Stinger missiles to Egypt, an official statement revealed. The deal includes 720 Stinger missiles and...

Tunisia has taken another step toward launching fifth-generation (5G) mobile technology. On September 23, the country’s three main telecom operators—Tunisie Telecom, Orange, and Ooredoo—submitted their bids to the Ministry of Communication Technologies in response to a tender issued on June 28. The bids were initially approved by the committee overseeing the preliminary stages of the...

Africa’s leading public-private partnership industry players will convene in Morocco this October for the 14th Africa PPP Summit taking place on 22 – 24 October 2024, at the Hyatt Regency Hotel, Casablanca, Morocco, just as the country begins to prepare to co-host the 2030 FIFA World Cup football tournament with multibillion dollar infrastructure projects lined up. Organised by AMETrade...

The Board of Directors of the African Development Bank Group on 20 September 2024 approved a $129.71 million loan to Tanzania for the implementation of a youth-focused agribusiness program. The loan will fund the first phase of the “Building a Better Tomorrow: Youth Initiatives for Agribusiness” program, which aims to create business opportunities and jobs for young people in key...

The pan-African AXIAN Group – through its subsidiary AXIAN Investment – a leading supporter of African start-ups, has announced the acquisition of a stake in WiASSUR, an innovative insurance start-up based in Côte d'Ivoire. This marks a key milestone for AXIAN Group's expansion strategy in this sector. This acquisition, closed mid-July 2024, positions AXIAN as WiASSUR's second-largest...