The FINACTU Group is pleased to be assisting Côte d'Ivoire’s National Social Security Fund in its project to extend their social security system through the implementation of three new schemes: a supplementary pension scheme, funded for its current population of insured persons: employees in the private sector, two pension and retirement plans For the self-employed (formal and informal...

At the side lines of the landmark IsDB 42nd Annual Meeting in Jeddah, a memorandum of understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund (CADFund), a Beijing-based private equity firm and subsidiary of the China Development Bank which...

In Burkina Faso, the ministry of environment, climate change and green economy announced that the 2017 World Day to Combat Desertification will be hosted in Ouagadougou from June 14 to 17. This was reported by the Agence de Presse Africaine. In this regard, a report has already been adopted during a council of ministers. The rallying call for the event is “Our land. Our home. Our future”. It...

In the 2017-2018 season, Tunisia aims to import 2.1 million tons of wheat and barley (soft and hard), against 2.4 million tons the previous season. This was disclosed by Taoufik Saidi, director general of Tunisia’s Office des Cereales (OTC), in an interview with Bloomberg. The grains will be bought via international call for tenders. According to Saidi, the 12.5% slump in the grains imports...

In order to revive Gambia’s weak economy, which was shunned by investors during president Jammeh’s rule, Caira-based lender African Export Import Bank (Afreximbank) said it will invest up to $500 million in the country. This was announced by the bank’s president, Benedict Oramah on Monday after meeting with President Adama Barrow. According to the executive, the facility will be...

Despite risks of attacks by Boko Haram, the government of Nigeria has announced plans to resume oil exploration in the Lake Chad Basin area within six weeks, in the Northern part of the country. This was disclosed on Monday by Saidu Mohammed, chief executive officer in charge of gas and power at the NNPC. “We are in the [Borno] state to inform you that in the next six weeks, we are going to...

On the sidelines of a ceremony presided by Morocco’s King Mohammed VI on May 15th, two agreements related to the Nigeria-Morocco gas pipeline project and bilateral cooperating in the fertilizers sector were signed. The projects will thus be officially launched. The first agreement, knowingly that for the gas pipeline was signed by the director general of the Moroccan Office for Hydrocarbons...

The strike movement initiated last week at the subsidiary of oil major Exxon Mobil by members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has spread to other oil companies. These are Chevron, Shell and Agip which is Eni’s subsidiary. The oil workers behind the movement protest over the sacking of employees of Exxon Mobil Corp in December 2016. They are...

World Bank’s board has granted Senegal $97 million to develop its power sector. “Senegal has one of the best electrification rates in Sub-Saharan Africa, yet electricity is more expensive than average in the region, and access to electricity in rural areas is still low,” said Louise Cord, head of the World Bank operations in Senegal. The newly awarded facility will be injected in the...

In the framework of the project for the adoption of land governance charters by Senegal’s communities, the non-governmental organizations Council for development support (CONGAD) organized on May 14, 2017, in Ida Mouride, Koungheul department, a workshop to boost land management skills of 105 community stakeholders. This was reported by the Senegal Press Agency (Agence de Presse Sénégalaise...