Following reports of a Supreme court enquiry on Angola’s President in October, his daughter Isabel Dos Santos (photo) has come out to defend herself concerning her position as head of the state oil firm, Sonangol. According to Isabel, she had been picked for her expertise and competence, Reuters reports. Isabel Dos Santos was appointed as the chief executive of Sonangol in June, provoking 14...

The recent unexpected victory of US republican candidate Donald Trump at the Presidential elections has sent the world’s major stock markets tumbling. Troubled about the economic impact of the billionaire’s arrival at the head of the White House, US markets started plunging as preliminary results were being released, showing that Trump was ahead of her democrat opponent, Hillary Clinton....

The Senegalese Women Council (COSEF) has organized in Djémbéring, 60km from Ziguinchor, a training session for 120 women elected or president of the group for women’s promotion, on the topic of land planning and land access, APS reports. The session at which were also present local officials and decentralization experts is to help empower women using rural lands. “The goal here is to...

In Uganda, the National Union of Coffee Agribusiness and Farm Enterprises (NUCAFE) asked the government to create a legislation to protect the quality of locally grown coffee. According to the group, the law should input crop management methods and punish those who mismanage their output thus contributing to overall decline of quality. Chairman of NUCAFE, Gerald Ssendaula, said harvesting...

Senegal on Nov.4 has, via its post and telecom regulatory authority (ARTP), launched a public call to tender to attribute new licences to internet service providers - nationals only - interested in entering its market. By opening its national internet market to new operators, the government wants to “insure the harmonious development of the telecommunication sector”, ARTP emphasizes. With...

Exim Bank China will provide Benin a $270 million facility to develop the Adjarala hydropower dam. The Beninese council of ministers passed the financing agreements to the National Assembly to get approval for ratification. The financing will come as a $59 million concessional loan to which will be combined a special buyer credit facility with a preferential rate worth $211...

Shell on Wednesday said the Escravos flow station operated by its joint-venture partner SPDC in the Niger Delta has been shut down due to a protest by locals in the southern region. Shyne Edema, a youth leader in the oil region, had said earlier that his group was staging a protest at the facility, shutting down power and water supplies as well as crude production. “We are hopeful that the...

As a result of a partnership between Orange Madagascar and Google, Madagascar now has a YouTube community. The new community aims to regroup all YouTube users on the island. Two ambassadors have in fact already been appointed in this framework. These are NirinA and Aaron who are among the most influent individuals on the platform in Madagascar. The YouTube community aims to provide a better...

AIM-listed Sovereign Mines of Africa (SMA) signed an agreement with Volcanic Metals Corporation to sell its 75% stake in the Mandiana gold mine, in Guinea. The news comes as the company, subsequent to a strategic examination, decided to stop financing the development of its assets in the country. In exchange for its interest in the mine, SMA will receive ordinary shares representing 9.9% of...

Egypt is about to seal with the International Monetary Fund (IMF) a deal to secure a $12 billion loan. Ahead to the meeting where the facility will be discussed next Nov. 11, Christine Lagarde, IMF Managing Director, welcomed the reforms implemented by the Egyptian government. She put an emphasis mainly on Egypt’s decision to liberalize the exchange rate of pound, and launch second phase...