In Algeria, Mobilis, subsidiary of traditional telecom operator Algérie Telecom is eager to enter the m-banking sector. Saad Damma, the company’s CEO, who was interviewed by the Algerian news site itmag-dz.com, said the firm currently awaits a response to a request sent to Central Bank of Algeria concerning the launching of the service. Saad Damma continues saying the telecom operator...

In Africa, all Pizza Hut restaurants are from now on going to have digital dynamic panel on which the menus will be displayed. These restaurants are part of the American Fast-Food chain Pizza Hut which just entered into a contract with South African agency Moving Tactics for its services in digital advertising. American Pizza Hut returns to South Africa after six years of absence. The...

Zijin Mining Group Co, the Chinese mining group will complete its investment in the Kamoa copper project latest on December 8, 2015, the firm and Canadian Ivanhoe Mines Limited said. Listed in Hong Kong and Shanghai, the group signed in May 2014 an agreement to acquire 49.5% of interest shares of Kamoa Holding Ltd, who holds 95% of the project for a total consideration of $412 million....

In mid-2016, construction for Namibia’s first wind farm will be launched. Innosun, subsidiary of French firm Innovent, is the one who will be in charge of this project which will be developed in Lüderitz. The infrastructure will have 21 MW of capacity.   The firm which is the first to establish a solar plant in the country already completed the environmental impact studies and will...

South Africa’s Gauteng province could benefit from emergency assistance for its agriculture sector. The government has announced a budget of $32 million to support areas affected by low output in the agriculture sector, but provincial authorities fear that this funding is not enough. The country’s corn production has been severely affected by the current drought. Climate hazards have...

Côte d’Ivoire will issue its first sukuk amounting to 150 billion FCFA ($244 million) on WAEMU’s (West African Economic and Monetary Union) regional market, Reuters reports on November 20, citing official sources. Stating that the closing date for the transaction is December 21, 2015, Joseph N’gouma Tano, Chief administrator of financial services at the Ivorian prime minister’s office,...

In Tanzania, TPDC (Tanzania Petroleum Development Corporation) has announced plans to launch an Airborne Gravity Gradiometry Survey (AGGS) this week for oil and gas deposits. According to the Managing Director of TPDC, James Mataragio, the survey will be carried out in Arusha, Simiyu and Singida. The Phase 2 of the AGGS analysis which includes the usage of a special aircraft, will be mapped...

The President of Nigeria, Muhammadu Buhari has called on the leadership of the Gas Exporting Countries Forum (GECF) to take necessary measures in sustaining the price of gas at the international market for the benefit of its members. Speaking at the 3rd summit in Tehran, Iran on Monday, Buhari noted that Nigeria is taking the necessary steps towards making its exuberant...

As the decline in the prices of crude oil lingers, oil companies around the world are cutting their budgets and their staffs. According to industry consultant Graves & Co, the number of jobs cut worldwide has risen to 250, 000 and more are still expected. More than 1,000 rigs have been rendered idle in the industry and over $100 billion in expenditure has been cut this year in order to...

The government of Cameroon appears to want to restart the privatisation process in the country. Speaking in parliament during the presentation of the economic and social plan for 2016, Prime Minister Philémon Yang informed that among sources of income, FCfa 120 billion were expected from privatisation revenue. Finance Minister Ousmane Mey (photo) already gave the game away in a speech given on...