Sudan wishes to boost its horticultural exports. This was revealed by a delegation of local farmers at the Macfrut fair which was held in Rimini, Italy, from September 14 to 16, 2016. During the event, these farmers thanked the government for supporting them. “We receive much government support for agricultural and horticultural projects in Sudan. This allows us to invest in the cultivation...

The Overseas Private Investment Corporation (OPIC) will financially support Lekala Power develop the Taiba N’Diaye wind station in Senegal. The US finance institution has revealed during the African Business Forum in New York it woud provide $250 million in financing and $70 million in reassurance to the 158 MW project. “OPIC partnering with Lekela illustrates the opportunity for...

Senegal through its recently approved new strategy Senegal Numerique 2025 (Digital Senegal 2025) intends for digital to generate 10% of its gross domestic product. This was revealed last Thursday by Antoime N’Gom, director general of the Senegal’s organization of ICT professionals (OPTIC) at the first IT international fair, AITEX 2016. Speaking on the event’s third panel (e-Gov), N’Gom...

Based on its revenues forecast for the next decade, the South African power utility Eskom says it may invest $11 billion in nuclear program. Eskom’s Generation Executive, Matshela Koko, told Reuters that they plan to raise huge amounts of cash in the 2016/17 financial year. “These cash resources could be deployed to fund the new nuclear build programme,” he said. The nation plans to...

US Government’s development finance institution, Overseas Private Investment Corporation (OPIC), has announced on Sept 22 it will open an office in Nairobi, Kenya, to cover East Africa. “I am thrilled to announce that we are opening a third office in Africa to increase OPIC’s regional presence,” said Elizabeth L. Littlefield, OPIC President “This office will cultivate a strong U.S....

South Korean car maker Kia Motors signed on Thursday, Sept 23, a contract with Ethiopian firm Beyalab Motors Plc, to establish a car assembly plant in Ethiopia. The firm plans to do the same in other African nations. “It is important to penetrate the African market. We are also looking at the prospects of opening similar plants in Algeria and other countries,” Soon Nam Lee, President of Kia's...

Nigeria needs about $15 billion in loans and through sales of assets to restart its economy which has plunged into recession, and to boost foreign exchange reserves, Africa’s richest Aliko Dangote said. “Through sales of assets, through loans from Bank of China or wherever, we need something like $15 billion, We’re having a problem as the reserves are low. The banks,...

At the end of the 2016-17 cotton season, Cote d’Ivoire should produce 360,000 metric tons of the crop. Thout this output is 16% above the last season’s where production was hampered by a poor weather, it still remains below the 2014-15 season’s 450,000 tons. Christophe N’dry, executive secretary of Ivorian cotton ginners association, who revealed the statistics in a statement said:...

On the first day of the Aitex 2016 event held in Morocco this week, Cote d’Ivoire has signed with Morocco a deal for a techno-centre similar to the kingdom’s Technopark. The contract was signed by important figures and representatives of both governments. “The objective here is to build a duplicate in Cote d’Ivoire and have techno-centres in Abidjan’s major settlements. This in order...

After proceeding to the verification of minutes and recounting votes, the Constitutional Court of Gabon has officially recognized Ali Bongo as the president with 50.66% of votes. With 47.27%, Jean Ping’s appeal was rejected. “After assessing the electoral dispute with respect to the law and with observers from the African Union, the Constitutional Court has confirmed the victory of our...