The Federal Government of Nigeria under its Agricultural Transformation Support Programme Phase one (ATASP-1) has revealed plans to expend $175m in rehabilitating agricultural and ancillary social infrastructure in seven states These states include Kebbi, Sokoto, Niger, Kano, Enugu, Anambra and Jigawa, Today news reports. According to the National Coordinator of ATASP-1, Haruna Akwashiki,...

The Court of Cassation of Morocco has issued a decree to protect good-faith purchasers of lands, reports daily L’Economiste. “During a recent plenary meeting, the country’s highest judicial body said it would protect good-faith purchasers at the expense of victims of spoliation,” reveals the newspapers. It however highlighted that the news is yet to be confirmed or overturned by the...

Senegal has signed with the Islamic Development Bank (IDB), three financing agreements valued at CFA51 billion. The agreements which aim to support social and economic development were signed in the presence of the minister of economy, finance and planning, Amadou Bâ and the vice-president of operations at IDB, Mansur Muhtar. The funds mobilized will finance Senegal’s Islamic microfinance...

A price dispute between the Federal Government of Nigeria and International Oil Companies (IOCs) operating in the country has resulted in a revenue loss of over $4.04 billion in eight years, the Guardian reports. It was reported that the long-standing disagreement was due to the differences in price to be used in valuing crude oil for the aim of calculating IOCs’ tax obligation from...

Nigeria’s Acting President, Yemi Osinbajo (photo), has said that growth in the country’s economy can only be realized if it is driven by the private sector. Speaking at the second edition of the Presidential Business Forum in Abuja, Osinbajo said the main focus is to sustain the robust private sector partnership in the country, Govandbusinessjournal reports. “It is our strong believe that...

Nigeria's foreign exchange reserves rose by 8.9% to $27.49 billion as at January 20, 2017, climbing to the highest level since April 2016, central bank data showed on Tuesday. The reserves were down by 3.17% from the same period in January 2016, the bank said not giving further details as to the reason behind the rise, Reuters reports. The country’s foreign exchange reserves increased...

The Federal Government of Nigeria has revealed plans to boost electricity generation with the establishment of two small hydropower plants capable of adding 2000KW of electricity to the country’s energy capacity. This was disclosed by the Minister of Science and Technology, Ogbonnaya Onu, at a press conference to announce the result of Nigeria’s participation at the just concluded 7th...

The Nigerian Minister for Budget and National Planning, Udoma Udo Udoma (photo), has announced the Federal Government’s strategic plan for pulling the economy out of recession and restore growth. Speaking during the unveiling of the Economic Recovery and Growth Plan (ERGP), 2017-2020 in Abuja, the minister said the aim of the ERGP, is to combat the current economic crisis, restore growth and...

Morocco will develop in Ivory Coast a trade and export platform for agro-food products, reports Moroccan newspaper Medias24. Backing the platform are means to transport the goods by sea. Its main purpose is to facilitate trade of agricultural products in the two nations and help Morocco boost its agricultural exports to Cote d’Ivoire and its surroundings. The decision to develop the platform...

In Mauritius, the tourism industry recorded more arrivals in 2016 than in 2015. Last year, the country received 1.28 million tourists, against 1.15 million the year before that (+11%). The surge was mainly spurred by a massive wave of European tourists (734,506) arriving in the country. This represents two-thirds of visiting tourists in 2016. Tourism being one of the lungs of Mauritius’...