Mauritian nationals can soon have E-passports. Indeed, the office of the prime minister launched a call for expression of interest for implementation of the E-passport system. The consultant to be chosen would have to submit a final report on the procedure, the legal framework, and the implementation within four months. The deadline for the submissions is December 26, 2018. The new passport...

In Tunisia, Sidenor’s decision to report its introduction on the local stock exchange is diversely appreciated. The company which produces construction materials pointed out the market condition to explain its report.   However, in the investors’ community, there are divided opinions. Some praise the initiative which is proof of the company’s corporate responsibility. They even...

The investments firm Capria Network wants to integrate three to five fund managers based in East, West and Francophone Africa to its network. By doing so, the investment firm expects to help those funds generate interesting incomes and partner with promising companies in Africa. Capria will help those fund managers improve their operations to "adopt better standard in the world", stemming from...

Malawi will be provided a new tranche of $15.4 million by the International Monetary Fund (IMF), a release published by the institution on Wednesday 22, November 2018, informed. As part of a $108.2 million extended credit facility granted to the country in April 2018, the new tranche should help Malawi continue the macroeconomic stabilization as well as stronger, more inclusive and...

As the African Development Bank joined the international community to observe World Toilet Day on November 19, the organization is putting considerable financial muscle into the global effort to improve toilets, and sanitation in general. The Bank partnered with the Bill and Melinda Gates Foundation and other multilateral development institutions in Beijing, 6-8 November in what was billed as...

Orange and MTN are planning to make mobile money transactions interoperable in West Africa. In that regard, they requested WAEMU commission’s authorization for an Ivorian joint-venture named JVCO to manage the activity. Among the arguments presented as motivation for their requests, the two telecom companies explain that the inter-operational platform would boost the financial industry in the...

Gathered on November 15, 2018, Malian deputies adopted a draft law authorizing ratification of a concessional loan agreement signed on September 28, 2018, in Beijing, China by Mali and Import-export bank of China. This agreement is for a XOF93,790,872,000 loan which will be used to fund the "Mali digital 2020" project to be implemented within 24 months by China International Telecommunications...

The following are the top ten banking groups operating within the WAMU, according to the Central Bank of West African States. 1- Ecobank With 14% share of the market in 2017, Ecobank, whose headquarters is in Lomé, is the most important banking group operating within the WAMU. Present in every country of the union, it has 9.2% of the desks, 18.5% of the automated tellers and 15.2% of the...

Rwanda could soon join the Organisation for Economic Co-operation and Development (OECD), Richard Sezibera (photo), Rwandan new minister of foreign affairs indicated on Tuesday 20, November 2018. According to the official’s statement relayed by Xinhua, Rwanda will officialize this ambition by submitting an official membership application by an undisclosed deadline. By joining the organization,...

On November 20, 2018, Mohamed Ould Abdel Aziz (photo), the Mauritanian president, announced that in respect with the constitution limiting the number of presidential terms to two, he would not run for 2019 presidential election. He also indicated that he would run for this office when his country’s law would authorize him to.   "I am sensitive to all calls. There are some who also call...