Local production of pharmaceutical products in Côte d'Ivoire accounts for 6% of national needs. To increase that percentage to 20%, the government hopes to mobilize funds from private sector partners to accelerate production. Côte d'Ivoire wants to raise CFAF10 billion ($16 million) to boost pharmaceutical production this year, revealed Agence ivoirienne de presse on Thursday June...

AME Trade is proud to announce the launch of the 13th edition of Africa PPP, the longest-running Public-Private Partnerships event in Africa. The flagship infrastructure investment summit is set to take place from October 24th to 26th, 2023 at the Hyatt Regency Casablanca, Morocco. The event is hosted and supported by the Ministry of Finance and Economy, Kingdom of Morocco, and is running under...

Burkina Faso's cotton industry is one of the most organized in West Africa. In that industry which provides income for the majority of households, operations such as buying and ginning are managed by the private sector. In Burkina Faso the government decided on Wednesday (June 7), to renew the memorandum of understanding guiding the cooperation between private cotton companies (Sofitex, Faso...

The Egyptian government is stepping up initiatives to reduce carbon emissions in a context marked by climate change. Cairo is working to greenify all of its sectors of activity.  Egyptian telecom operators Telecom Egypt, Vodafone, Etisalat, and Orange recently signed green energy acquisition agreements with the New and Renewable Energy Authority (NREA). The agreements were signed on...

The pan-African banking groups Vista and Coris Group are close to taking over French banking group Société Générale’s subsidiaries in four African countries. According to a press release from the French banking group, Vista will take over the subsidiaries in the Republic of Congo and Equatorial Guinea, while Coris Group will acquire that of Mauritania and Chad. Under the terms of the...

Esther Mukantwali of Rwangara Village in Bugesera District, about 18 km south of Rwanda’s capital Kigali, used to wake up at 3 in the morning to trek for an hour to fetch water from a swamp.  The story is the same for 18-year-old Umuhoza Francine, who lives four km further in Nyagatovu village, also in Bugesera District. She trekked for over two hours to get to the source of her...

African Hidden Champions (AHC), an initiative that promotes dynamic African companies and helps them on their path to global leadership, held its first regional event of 2023 in Nairobi, Kenya. The event provided a platform for AHC to share its vision with business executives from the region. The Nairobi reception marked the African Development Bank’s first official engagement with AHC, as new...

The brief stresses that African countries should apply carbon taxes to general significant revenues while mitigating the impacts of climate change on their populations on a continent where South Africa is currently the only country to levy that environmental tax.  African countries will gain more than they will lose by applying carbon taxes, a  policy brief published last May by the...

The President appointed a new foreign minister following the dismissal of Aurélien Agbénonci. Beninese President Patrice Talon has appointed Shegun Adjadi Bakari as the new Foreign Minister, the presidency announced on June 6. The new Foreign Minister was appointed in the place of Aurélien Agbénonci who was dismissed last month. According to local media, the government hasn’t given any...

The African Development Bank Group has appointed Jacques Edjangue Vice President for People and Talent Management, effective 16th June 2023. Immediately before his appointment, Edjangue served as acting Vice President for the People and Talent Management complex. Before that, he was Acting Director of Corporate Human Resources Department, and Director of the Bank Group’s Language Services...