The Republic of Zimbabwe seeks to reach food security by next year. During the launch of the 2021 tobacco marketing season last April 7, the agriculture minister Anxious Masuka (pictured) revealed that besides stopping food imports, the government is stepping up other measures to make the country food secure. These measures include an increase by 40% of the added value, an increase by 100% of...

South African investment fund manager Mahlako Financial Services announced an investment of R1.5 billion ($103 million) in the energy value chain. “This is a 100% black female-owned energy fund with a mandate that expands beyond renewable energy, to include gas and energy services sectors, as we endeavor to tackle, disrupt and transform SA’s energy sector,” said Makole Mupita, Co-founder...

Bolloré Logistics is reinforcing its healthcare product processing facilities with an 800 m2 extension of a pharmaceutical unit with a temperature of +15 °C to +25 °C. The health crisis having increased global trade in pharma products, it has become necessary to resize the corresponding logistics resources. Bolloré Logistics, the leader in air trade in France, has taken the initiative to...

The Ethiopian Communications Authority (ECA) announced this week it has further extended by 19 days the deadline for bidding for the two new telecom licenses, which have officially been on sale since November 27, 2020. On February 1, the initial deadline of March 5 was then extended to April 6. This second postponement sets the new deadline to April 26. Once again, the telecom regulator explains...

Prosus, the subsidiary of South African Internet and media giant Naspers, announced yesterday April 7 its intention to sell 2% of the shares it holds in Tencent, the Chinese video games company. The transaction, which involves 191.8 million shares, will be carried out via MIH TC Holdings Limited, a subsidiary of the company listed on the Dutch market. Once completed, Prosus will reduce its...

During the World Bank Spring Meetings that started last April 5, David Malpass (pictured), the Head of the World Bank Group, called on the members of the G20 to better support poor countries in the management of their debt. He however hailed the efforts so far deployed in that direction. According to him, the G20 countries must be more transparent in publishing data on their debt on the poorest...

The loss of value added to the global economy in 2020 is estimated at $2807.7 billion, according to calculations by Ecofin Agency based on the IMF's world economic outlook issued this month. Although the Covid-19 pandemic has been harsh on the global economy, its impact is less than that of the 2008 financial crisis, which caused the world to lose about $3,356.2 billion. For this year,...

Algeria will start the local production of Russian Covid-19 vaccine Sputnik V by next September. According to the Minister of Pharmaceutical industry, Lotfi Benbahmed (pictured), who reported the information, the program will be launched in the city of Constantine. "We are aided by the Russian Fund and by laboratories that already manufacture Sputnik V in other countries," he said. The operation...

Venture capital firm Algebra Ventures, which targets opportunities in early-stage companies in Egypt announces the launch of its second fund focused on Egyptian startups. The vehicle will have a target size of $90 million. The investment strategy will be almost similar to that of the previous vehicle. It will target technology companies in Egypt first and later in the Middle East, and the...

Ivorian President Alassane Ouattara (pictured) signed several decrees validating the first government of the newly appointed Prime Minister Patrick Achi. The new government welcomes onboard new heads including Kandia Kamissoko Camara who replaced Dr. Flindé Albert as the Foreign Minister and Félix Anoblé, who replaced the ex-Minister of Handicrafts Sidiki Konaté. Téné Birahima Ouattara...