Gabon Power Company (GPC), a portfolio company of the Gabonese Strategic Investment Fund (FGIS), and Meridiam, an independent investment Benefit Corporation specialised in the development, financing and long-term management of sustainable public infrastructures, have signed an agreement for the financing of the Kinguélé Aval hydroelectric power plant. Located 100 km east of Libreville on the...

Since last year, Nigeria has made technology development a priority in each of its six geopolitical zones. The country has already initiated the development of four technology parks and a fifth will soon be created. The chairman of the Nigerian Communications Commission (NCC), Adeolu Akande (pictured), has unveiled the institution's plan to establish a technology park worth 500 million naira...

The African Export-Import Bank (Afreximbank), a Pan-African multilateral financial institution with the mandate of financing and promoting intra and extra-African trade, announced its intentions to invest $2.5 billion in Nigeria for infrastructure development to maximize the country’s economy. According to the News Agency of Nigeria (NAN), the information was disclosed during...

To South Africa’s water supply security, the country needs more than R120 billion ($8 billion) for the next ten years. According to Lindiwe Sisulu, water and sanitation minister, the money is typically needed for the completion of major water infrastructure. This announcement comes four months after President Cyril Ramaphosa announced that the establishment of a National Water Resources...

Telecom operator Orange announced it has resumed operations in CAR. That means consumers can once again access voice, data, SMS and mobile money services. In addition to restoring communications between Orange subscribers, communications to competitor networks and abroad have also been restored. Régis Delière, MD of Orange Centrafrique, said to celebrate this return to normalcy - which looks...

Huawei has announced the appointment of Terry HE as President of Huawei Northern Africa. In this role, he will be responsible for coordinating the group's overall operations in the 28 African countries in the region. Terry HE holds a Bachelor's degree in electronic information engineering from Wuhan University in China and joined Huawei Group in 2005. Prior to current appointment, Terry HE had...

After several sessions of 7% growth in May, the Nestlé Côte d'Ivoire stock took a break in June, with a weaker evolution. The share, which until then attracted investors, seems to be approaching its equilibrium level on the BRVM. The value of Nestlé Côte d'Ivoire slowed down its progression during the month of June on the Regional Stock Exchange (BRVM), with a rise of 5.8%. In May, it had...

Access to healthy and balanced diets is still a luxury for most of the people living on the black continent. This is one of the findings of the “Africa Regional Overview of Food Security and Nutrition” report published yesterday June 30 by the Food and Agriculture Organization (FAO), the UN Economic Commission for Africa (UNECA), and the African Union Commission (AUC). The document states...

Sudan will benefit from the HIPC (Heavily Indebted Poor Countries) initiative of the World Bank and the IMF. In a joint statement issued on Tuesday, June 29, the two institutions said the East African country has reached the decision point of this initiative, which aims to alleviate beneficiaries’ debt burden and help them rebuild their economies. “This decision is an important milestone...

Bolloré Logistics announces the launch of AIRsaf, a new offer based on the use of SAF or sustainable aviation fuel to offer its customers the best eco-responsible approach to air freight by reducing carbon emissions by up to 80%. This solution, offered at cost price, relates to one-off or regular shipments made by several airline companies on all geographical routes. This new offer also...