DR Congo and Congo concluded a $550 million agreement for the construction of a bridge that will link them, Jean-Jacques Bouya, the minister of planning of the Republic of Congo, indicated earlier today November 7, 2018 during the Africa Investment Forum 2018, being held in Johannesburg.   This new project should help link the two most close capitals in the world (Kinshasa and...

Mozambique obtained renegotiation of the terms of a bond of more than $726 million, Macauhub indicated this week citing official sources. According to information reported by the media, the new debt restructuration agreement plans for postponement of the deadline of about $726.5 million bonds issued by Maputo. In the framework of that agreement, investors should also have a percentage...

In a bid to improve the resilience of the people and ecosystems of the Niger River Basin, the Board of Directors of the African Development Bank, has approved US$76 million for the integrated development and climate change adaptation in the Niger Basin. The program is co-financed with – the Green Climate Fund, the European Union, the Global Environment Fund, the Forest Investment Fund and the...

The African Development Bank President Akinwumi Adesina on Tuesday made an impassioned call for investors to join the partnership platform offered by the Africa Investment Forum and « grab the chance to fast track the continent’s investment and development agenda ». His message was a clarion call to regional and global investors, financial sector leaders and prominent government...

Zimbabwe’s former minister of ICT and cybersecurity, Supa Mandiwanzira (photo), appears in court today November 7, 2018. Heard on November 6, 2018, by the criminal investigations division, the former minister who was in charge of the telecom sector till September 2018 is accused of criminal abuse of office by Zimbabwean authorities. He is charged with having awarded a consulting contract to...

Maghreb Bank for Investment and Foreign Trade (BMICE) informs that since 2015 when it was created, it has invested $20 million in Mauritania’s economy. Mohamed Djellab (photo), president of the administrative board of the institution created to boost and strengthen economic integration between the five countries of the Arab Maghreb Union (Algeria, Lybia, Tunisia, Morocco, and Mauritania),...

On November 6, 2018, Nissan Motor Company Ltd signed an agreement with Ghana for the construction of an assembly plant in this west African country. The agreement was signed by Mike Whitfield, Nissan’s managing director for Africa, and Alan Kwadwo Kyeremanten, Ghana’s trade minister. Mr. Whitfield indicated on this occasion that his group intended to make Ghana its sales center in West...

Huawei Technologies Co., Ltd. announced that it would build a data center in Johannesburg, South Africa, to offer its cloud services. Further details about this project revealed on October 10, 2018, by the company’s cloud business president Zheng Yelai during Huawei Connect 2018, should be provided during the AfricaCom 2018 which will be held from November 13 to 15 in Cape Town. Zheng...

Jokkolabs, the social innovation hubs network, is pleased to announce that it has been chosen by the Global Entrepreneurship Network (GEN) to be its representative in France and to organize the Global Entrepreneurship Week (GEW) France, which will take place from November 12th to 18th, 2018. Because of its international dimension, the GEW aims to strengthen exchanges between innovation...

The Nigerian insurance company Consolidated Hallmark, called a special meeting of its shareholders for validation of an increase of its capital by NGN2.5 billion ($6.9 million). The company’s shareholders are to allow the administrative board to proceed with formalities aimed at obtaining the right to issue new shares to increase its capital from the actual NGN5 billion to NGN7.5...