South African Invicta Holdings announced it has acquired KMP Holdings Limited, a leading independent supplier of aftermarket heavy-duty diesel engine parts for industrial and agricultural machinery. The buyer spent R269.3 million ($16.9 million) for this transaction, which aligns with its African expansion strategy. “Part of Invicta’s strategic focus is to diversify into new geographical...

Conakry Terminal, a subsidiary of Bolloré Ports and operator of the container terminal of the Autonomous Port of Conakry, has been granted the Green Terminal label following the audit conducted on 12 November 2021 by Bureau Veritas. This label rewards the efforts made by the company to reduce the impact of its activities on the environment by implementing eco-responsible measures. The audit...

The transition government in Mali has set a new deadline to form a civilian-led government. After admitting its inability to hold elections within the initial schedule, the government of Assimi Goïta announced it needs between 6 months to 5 years maximum to get it done. “What we came up with is 5 years […] maximum,” said Abdoulaye Diop when presenting the results of the national meetings...

The mining sector in Senegal generated $220 million for the general state budget in 2019, according to the 2019 EITI (Extractive Industries Transparency Initiative) report. In 2020, mining companies operating in the country contributed $268 million (about CFA155 million). In its 2020 report published on December 28, EITI revealed that the mining sector in Senegal performed 22% better...

Mahamudu Bawumia (pictured), Vice President of Ghana, recently launched the process of digitizing pharmacies across the country. The first step consisted of launching the regulatory framework governing the national e-pharmacy program. This was done last December 22. The leader said the second step, which is the implementation of the e-pharmacy platform, will take place in 2022. The e-pharmacy...

The government of Malawi is setting up a plan to revive its finances in the post-pandemic period. In a December 22 tweet, President Lazarus Chakwera (pictured) announced his government will set aside $715 million for this plan over the next three years. The recovery plan provides for a reduction in government spending to free up more funds for social spending. According to data from the...

As a strategic partner of several countries on the continent, the IsDB provides significant financing for infrastructure projects in Africa. For its 2021 closing, the institution announced road investments on the continent. The Board of Directors of the Islamic Development Bank (IsDB) approved last December 18 the disbursement of $371 million to back road projects in five African...

TPLF fighters announced Monday that they had officially withdrawn from the Amhara and Afar regions. Accusing Abiy Ahmed and Eritrean soldiers of preparing a new genocide, the rebels said they would continue to defend themselves against "any threat”. On Monday, December 20, Getachew Reda (pictured), spokesman for the Tigray People's Liberation Front (TPLF), announced the withdrawal of TPLF...

With the African Continental Free Trade Area operational since January 1, 2021, African countries have great e-commerce opportunities to exploit. However, they need well-adapted policies to take full advantage of this market. Last December 17, the Board of Directors of the African Development Bank (AfDB) Group approved a $1.5 million grant to Smart Africa Alliance, a grouping of 32 African...

Gide has advised MSC Group, a major player in container transport and logistics, on the 100% acquisition of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on the basis of an enterprise value of EUR 5.7 billion, net of minority interests. The Bolloré Group has granted the MSC Group an exclusivity until 31 March 2022 to...