After a long dry spell, Algerian tomato production is displaying interesting results thanks to the support provided by the government. "After production was devastated by bad growing seasons, this sector has started reaping the fruits of the sustained efforts made to revitalise it. Hence the importance of continued efforts with a view to achieving the coverage of national needs while reflecting...

It is her husband, the ex-president of Madagascar who made the announcement: "I declare that we have won a victory in Antananarivo" rejoiced Marc Ravalomanana whose spouse has just been elected, according to him, Mayor of the capital. Even before the release of the official results, the camp of the ex-president claims victory with over 55% of votes. However, the polls were characterised by...

The airline company Syphax Airlines has temporarily suspended its flights to and from Tunisia starting from 30 July 2015. A decision taken after the announcement the day before by the International Air Transport Association (IATA) to stop all operations linked to the private Tunisian transporter. Syphax Airlines apparently did not honour its financial commitments to the international institution...

The oil and gas company Savannah Petroleum Ltd signed with the Nigerien government a production sharing agreement (PSA) on the oil of the R3/R4 licence area covering 5,249 km2 in the Agadem rift basin, a region located in South-East Niger. According the terms of the agreement, which signing was made public on 31 July, the Nigerien state will freely benefit from a 15% shareholding, lower than the...

The Algerian government, looking to introduce more clarity into the precious metals sector, adopted a decree which sets the terms and conditions to operate on gold, silver and raw platinum, semi-finished and finished, reports APS. The new system is an application of the indirect taxes law and also applies to the precious metals recovery and recycling activities, according to this source....

The Republic of Gabon delayed in the settlement of its international debt, both on trade and bilateral, we learn from information published on 31 July by the credit-rating agency Standard & Poor’s. The amount in question for this delay was of FCfa 18 billion (about USD 29 million) and represents less than 1% of the total debt of the country. The question was finally sorted out in a period...

The Banque Centrale Populaire (BCP) will increase its shareholding to 52% in each of the 10 Banques Populaires Régionales (BPR). The operation will result in capital increases for a total amount of 11.4 billion dirhams. While waiting for this announcement, the Moroccan banking group’s shares have been suspended on the Casablanca Stock Exchange where they are traded. While important, the news...

Randgold Resources, company listed in New York and London, is getting ready to again take charge of the exploitation operations in Yalea and Gara, two subterranean world class mines in the mining complex Loulo-Gounkoto, in the Western part of Mali, near the border with Senegal. Mark Bristow, CEO of the mining company, announced on 29 July this big comeback which takes place as part of the...

The Ivorian president Alassane Ouattara announced that his country will increase its investment in the African Export Import Bank (Afreximbank) by activating its subscription rights to new shares issued within the capital increase operation currently undertaken, we learned from a communiqué released by the institution. One should remember that in September 2014, the shareholders of Afreximbank,...

The Algerian government adopted two decrees on contracts for the research and exploitation of hydrocarbons in this country with enormous potentials of conventional and non-conventional hydrocarbons, reports APS. Measures were taken during the Cabinet meeting on 22 July, presided over by the head of state Abdelaziz Bouteflika. The first text gives approval to twenty contracts for Research and the...