On Monday 5 October 2020, Bolloré Ports, APM Terminals and the Côte d’Ivoire government are launching the construction work on the Côte d’Ivoire Terminal, the second container terminal at the Port of Abidjan.Representing an investment of 262 billion CFA francs, the Terminal construction work will last 18 months and consist in surfacing and developing the reclaimed land and connecting the...

The Zanzibar Urban Water Supply and Sanitation Project, implemented between 2012 and 2018 in Tanzania, has provided water and sanitation services to around 287,000 people, according to a report by the African Development Bank published on September 2, 2020.Financed by a Bank loan in the amount of $19 million, the project was rolled out in Saateni and Welezo, two urban areas in the Zanzibar...

Libya African Portfolio Green Networks (LAP GreenN), the former shareholder in Zambian incumbent operator Zamtel, says it will grab Zambia’s assets abroad to recover a debt of $257 million owed by the government. According to Bloomberg, LAP GreenN wants to recover the rest of the $380 million that the Zambian state owes the company following the court decision taken in 2017 by the...

Global Nexus, a Moroccan-based asset management company, filed a complaint in the administrative court against the Moroccan Capital Market Authority (AMMC). According to local media, the complaint was filed by Hynd Bouhia, Head of Global Nexus and connoisseur of the Moroccan financial market having headed the Casablanca Stock Exchange. AMMC is alleged to have acted by abuse of power on a case...

Madagascar officially launched on October 2 the production of Covid Organics (CVO) in the form of capsules. The Head of State Andry Rajoelina visited a factory specialized in the production of the new substance, near the capital Antananarivo, in that regard.  This is another step taken by the Malagasy government as part of its strategy to promote a local remedy for the coronavirus pandemic....

The world leaders in online payments, VISA has partnered with Mvola, Madagascar ́s leading mobile-money platform, to make life easier for the Malagasy by offering simple, immediate and secure services. As the number-one mobile-money platform in Madagascar, MVola has become an integral part of millions of users ́ day-to-day lives. When it began it 2010, MVola users could already withdraw,...

Zambian tech-enabled agricultural startup Good Nature Agro announced it has raised $2.1 million in a Series A funding to support nearly 15,000 farmers across the country. The operation was led by Dutch firm Goodwell Investments with the participation of Global Partnerships and FINCA Ventures. Good Nature Agro's support will take the form of loans, provision of inputs, technical assistance,...

South African Interior Minister announced on October 4 the government has re-established the free visa for travelers from several countries. Last March, the government had stopped delivering free visa for France, Germany, Portugal, Spain, Italy, South Korea, Hong Kong, Iran, and the U.S. to control the spread of the coronavirus pandemic. Under this new measure, before entering South Africa,...

In H1 2020, North Africa attracted the largest number of private equity transactions in Africa. The region also comes first in the ranking by value, according to a recent report by the African Private Equity and Venture Capital Association (AVCA). The document indicates that the healthcare, information technology, financial services, and consumer sectors were the four areas of activity most...

Ethiopia will benefit from $400 million in funding from the World Bank to strengthen social safety nets and job creation. This was announced by the institution in a September 30 press release. The new grant, provided through the International Development Association (IDA), will support the government's efforts to improve the incomes of the urban poor and promote the inclusion of...