In Côte d'Ivoire, Renault's local subsidiary came very close to an advertising scandal. Last July 13, the car manufacturer posted on social media an advertising that showcased an African woman posing next to a Renault model, with the caption “when an African woman rides a Renault, she suddenly looks more beautiful”. The ad made some intrigued internet users react very quickly urging the...

Tunisian parliamentarians enacted July 17, with an absolute majority, a bill against illicit enrichment and conflicts of interest in the public sector. This law which is designed to tighten the fight against corruption should be promulgated shortly. “This law is a revolution as it will allow the nation to control illegally acquired properties,” PM Youssef Chaded told Tunis Afrique Presse....

Burkina Faso’s National Anti-Corruption Network (Renlac) published July 19, a report on the level of corruption in the country. According to the document, public administration recorded overall a higher level of corruption compared to 2016.   The top 3 most corrupt sectors include, respectively, the municipal police, customs, and land and maritime transport. This increase in corruption...

Nairobi, Kenya, 19 July 2018 - President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 General Shareholders Meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide...

The Board of Directors of the African Development Bank has approved a loan of US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia’s Economic Governance and Competitiveness Support Programme (EGCSP II). The loan facility, second of a two-year programmatic series, will support the budget for the fiscal year 2018/19. It aims at strengthening public financial management...

Egyptian government removed Dubai-based trading firm AOS from the list of licensed wheat suppliers after multiple delays in the delivery of shipments, Reuters reports. According to Egyptian authorities, the company failed last May to fulfil its commitment to deliver two cargoes of 60,000 tons despite being granted extensions, and subsequently cancelled one of the orders. Authorities said the...

Ghana’s car manufacturer-Kantanka Automobile-plans to locally produce first electric cars by 2019. Test stage of electric car manufacturing successfully kicked off. “About three years ago, we came out with the first prototype of electric cars. The following year, we developed it. We have three different modules of electric cars which have undergone tests and have passed,” said MD Francis...

Telecom group Econet Wireless Zimbabwe launched July 18 via its subsidiary Cassava Fintech, an innovative digital services supplier, a new car insurance product called “EcoSure Moovah”. The service is targeting the nearly one million uninsured vehicles in the country. In addition to the short-term (4-month) auto insurance, it also offers perks including liters of fuel, $2,000 accident...

Namibia will benefit from a $218 million loan provided by the African Development Bank (AfDB), a bank’s statement revealed July 18. The money will be injected into the 2018-19 budget as to underpin public finance management, and improve spending’s efficiency and quality. Under the national development plan which aims to make the economic environment more attractive, the new...

The African Development Bank and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”. Dr. Akinwumi Adesina, President of the African Development Bank and Maria do Carmo Silveira, Executive Secretary of CLPL, signed the agreement on Wednesday on the sidelines of the 12th Summit of...