Aiming to reduce wage bill, among other things, Mauritius Broadcasting Corporation (MBC) is restructuring. The first victims of this restructuring could be the 200 freelance journalists employed by the group. In a letter, MBC’s management told the freelance journalists that their air-time reduced under the new programme schedule. A sure loss for non-permanent employees. They are paid 250...

www.presidence.sn. This is the new website of Senegal’s presidency. The platform was launched on February 8, 2016. In a release, the communication service of presidency announced that the new platform would offer, for the first time ever, Web Tv via which it will be possible to follow all the activities of President Macky Sall. Presently, the website offers a media library with videos and...

According to newspapers L’Express, Mauritius’ government plans to use 200 million rupees (5,596,016.04 dollars) this year to buy and distribute tablets to students in Form V and Lower VI. The last time students of these classes received the devices was in 2014. Nearly $4 million (140 million Indian rupees) were spent by government to this end and 21,600 tablets were distributed....

Tanzania’s minister of energy and minerals, Sospeter Muhongo, ordered the drilling of three geothermal holes around Lake Ngozi. These wells will allow the country to produce its first geothermal kilowatts. “We cannot continue waiting due to the elevated shortage of the country experiences while the Rift Valley covers a significant portion of our territory,” he said. Indeed, the country...

Ghana’s Minister of Finance, Seth Terkper (photo), on Tuesday revealed that the country is currently going over its budget for 2016. According to him, the Ghanaian government is observing oil prices and will submit a revision to the Parliament if the oil prices in the global market continues to fall. “We are weighing options and scenarios and may go to cabinet and parliament to revise the...

Cerealis, one of Tunisia’s major salty snack producers did not renew its liquidity contract with Axis Capital on the Tunis Stock Exchange. It should be recalled that a liquidity contract is an agreement through which, a listed company provides a stock exchange intermediate, liquidities and part of its shares, in return for the intermediate acting as a buyer or a seller of the company’s...

All eight members of the West African Economic and Monetary Union (WAEMU) will issue 3,409 billion FCFA ($5.8 billion) of debts in 2016 against 3,304.3 billion FCFA in 2015, regional agency for debt planning UMOA-Titres announced on February 9. From this amount, FCFA920 billion will be raised during the first quarter, the same source added. Cote d’Ivoire, WAEMU’s economic powerhouse plans...

Petronas has entered into an agreement with Sudan for the purchase of the country’s local crude oil. The agreement was signed within the context of the Ministry of Oil’s policy which is aimed at providing local crude oils to boost the capacity of the refineries. Present at the signing ceremony were Minister of Oil, Mohammed Zayed Awad, State Minister for Oil, Mahmoud Abdul-Rahman as well as...

Ghana National Petroleum Corporation (GNPC) on Tuesday announced that it has entered into a heads of terms with Quantum Power for the construction and operation of the LNG import facilities at Tema. According to GNPC, the project is to have an annual capacity of about 3.40 million tons of LNG (500 Mmscf/d of gas), using a floating storage and regasification unit (FSRU) anchored 12km offshore...

Africa Finance Corporation (AFC) has mandated five international banks to arrange a $150 million loan, Reuters reported on February 8 citing sources close to the case. The mandated banks are Bank of Tokyo-Mitsubishi UFJ, Citibank, Emirates NBD, JP Morgan and Standard Chartered Bank. The loan is to be used for the general corporate purposes of the financier of development projects including...