The Corporate Secretaries of International Financial Institutions (IFIs) will hold their 20th annual meeting from 11 to 13 September 2019 at the headquarters of the African Development Bank in Abidjan. The Abidjan deliberations will seek to build on the achievements of the group’s meeting in Bali, Indonesia, a year ago. Members will address the effectiveness of the IFIs governing Board,...

Egypt's National Telecommunications Regulatory Authority (NTRA) and mobile operators Orange Egypt, Vodafone Egypt, and Etisalat Misr signed a settlement agreement on 9 September 2019. The agreement was inked by Mustafa Abdel Wahed (pictured), NTRA Executive Chairman, Yasser Shaker, CEO of Orange Egypt, Alexander Froman, CEO of Vodafone Egypt and Hazem Metwally, CEO of Etisalat Misr. They want to...

The government of Angola has cashed out $16 million with the privatization of five industrial units, the Institute for the Management of State Assets and Equities (IGAPE) reported.The new divestment wave is part of President João Lourenço’s privatization strategy, initiated a few months ago. These units, four of which have been shut down for 10 years, are Carton, Indugidet, Juntex,...

Egyptian Space Agency, in tandem with China National Space Administration, kicked off the construction of the MisrSat-II satellite. This was during the fourth China-Arab States Expo held from September 5 to 8 in à Ningxia, China. Fundraising for the project was closed in January this year and the Chinese government contributed a total of $140 million. The new space equipment will help...

Kuwait’s Agility Public Warehousing Co. confirms its plan to inject about $800 million to expand across Africa by late June 2020. One of the company’s managers announced this in an interview given on the sidelines of the World Economic Forum for Africa, which was held from 4 to 6 September in South Africa. Agility, which is present in nearly 100 countries around the world, has already...

Alten, a French engineering and technology consulting company listed on Euronext, the main stock exchange in the eurozone, has once again increased the share capital of its Moroccan subsidiary Alten Delivery Center Morocco (ADCM) to more than MAD8 million. The company wants to enhance its footprint in Morocco’s automotive engineering sector; a segment quite structured with the presence of many...

The International Telecommunications Forum, ITU Telecom World 2019, is being held from 9 to 12 September 2019 in Budapest, Hungary and today Sep 10 is dedicated to Angola. With this opportunity, the country intends to tout its ICT sector and show the business opportunities it can offer potential investors. Under this government strategy to attract new investors, the telecoms minister, José...

The government of Malawi expects its Gross Domestic Product to increase to 5% at the end of this year and further expand to 7% next year. This was announced yesterday September 9 by the finance minister Joseph Mwanamvekha (pictured).The good forecast, the official explains, is motivated by the return of rainfall which boosts agricultural production and augurs the resumption of exports of tobacco,...

French international technical cooperation agency, Expertise France, launched a call for projects worth €3.5 million to support agricultural resilience in West Africa, Chad and Mauritania. According to the agency, Africa needs to find a new agricultural approach to ensure food security for its populations. The continent has 5 of the 10 poorest countries in the world and its population is...

South Africa’s banking group Standard Bank sees in the African Continental Free Trade Area (AfCFTA) an opportunity to boost its revenues, the Chief Executive Officer, Sola David-Borha, said during an interview with Bloomberg. “While there may be hurdles that lie ahead in the implementation of the agreement, what the accord aims to achieve is significant. There’s a lot of trade that...