SUDATCHAD will take care of the technical, commercial and financial management of the N’Djamena-Adré fiber optics network, Chad decided during its ministerial council on March 26, 2019. The draft decree signed on August 28, 2018, approving the concession agreement was presented by the minister of posts and ICT Idriss Saleh Bachar.  According to the government, this draft decree is in...

China will build a 97-km road in Uganda, the Daily Monitor indicated this week. According to the website, the new $134 million infrastructure includes three road axes namely Masindi-Biso, Kabaale-Kizirafumbi and Hohwa-Nyairongo-Kyarushesha-Butole road. It should be realized by the China Railway Seventh Group and completed within three years. It is part of a network of more than 700 km...

Tunisia has taken a syndicated loan of €356 million from a pool of twelve local banks to finance its budget. The loan agreement was signed on March 26, 2019, by the minister of finance Ridha Chalghoum (photo) and the managers of the said banks in the presence of Marouen Abassi, governor f the central bank of Tunisia.   The syndicated loans whose interest rates fluctuate between 2.25%...

State-owned port operator Marsa Maroc announces a joint-venture agreement with  Eurogate International GmbH and Contship Italia S.p.A, for their introduction into the capital of Marsa International Tangier Terminals S.A. (MINTT). MINTT is the concessionaire of the third container terminal of Tangier Med port, which should be commissioned in 2020 with a nominal capacity of 1.5 million TEU....

Sovereign Foods, a poultry producer in the portfolio of South African private equity CapitalWorks, acquired Blue Hills Hatchery for an undisclosed amount. Thanks to this acquisition, Sovereign Foods becomes the fourth poultry producer in South Africa and is boosting its chicks' supply capacity. This is the third acquisition realized by Sovereign Foods since 2015 when it initiated its expansion...

Ethiopia’s growth should stabilize around 8% in the coming years thanks to infrastructure investments, Moody’s indicated in a country report. In the report, the rating agency indicates that the East African country’s growth has been largely spurred by infrastructures investments, which recorded an average of 10% rise between 2009 and 2018. These investments fall within the framework of...

Ugandan Raxio Data Centre Ltd has launched the construction of its multi-million dollar data centre at the Namanve Industrial and Business Park in Mukono, Uganda. In that regard, it commissioned Roko Construction Limited for civil engineering works. The infrastructure designed by UK-based Future-tech and Symbion Uganda should be operational by the end of the first semester this year. It will let...

The African Development Bank, heads of 34 leading financial institutions covering Africa and other partners of the Africa Investment Forum reaffirmed their commitment to “scale up, speed up, and synergize” efforts to deliver transformative projects across the continent. The meeting was also attended by lead partners of the Africa Investment Forum: African Export-Import Bank, Africa50, Trade...

The European Investment Bank (EIB) and Bank of Kigali (BK) announced a joint RWF60 billion ($66.5 million) investment for the Rwandan private sector this week. In the framework of that cooperation, the two banks will co-fund agriculture, transport, education, health, manufacturing and tourism sectors. Each of the two banks will create a RWF30 billion ($33.2 million) credit line to provide...

QuantFarm, an End-to-end Big Data Analytics firm based in Silicon Valley, signed a partnership agreement with the Africa Trade & Investment Global Summit (ATIGS) group for expansion in Africa.   Via this agreement, QuantFarm wants to collaborate with African governments willing to use existing data for better decision making and more precise predictive analysis as well as accelerated...