Senegalese region Fatick achieved the best performance for millet and groundnut production during the 2017-18 campaign. Indeed, while its millet total output reached 189, 690 tons, groundnut peaked at 230, 104 tons. These statistics announced by Mamadou Badiane, regional director of rural development (DRDR), make the area the nation’s first in these  crops production. According to the...

Benin’s government plans to create a special court to punish economic crimes as well as terrorism, Xinhua reported yesterday May 16, quoting official sources. According to information relayed, the new court should deal with terrorism, economic crimes or offenses as well as drug smuggling and other related offenses. According to the justice minister, Joseph Djogbénou (photo), the...

In a report issued May 15, World Bank revealed that Uganda should record a 5.5% economic growth in the 2017-2018 fiscal year which ends next June. Moreover, the institution stressed that the country will record a higher growth by 6% during the 2018-2019 fiscal year, mainly due to favorable weather conditions and the development of infrastructure projects. “Without external shocks, Uganda's GDP...

Efforts pulled to keep global warming below the 2°C as decided in Paris agreement (concluded on December 12, 2015) could lead to the suppression of 350, 000 jobs across Africa by 2030. This was revealed in a report issued May 14 by the International Labor Organization (ILO). The document entitled “World Employment and Social Outlook 2018: Greening with jobs” showed a...

The French Development Agency (AFD) could grant Benin Republic €115 million ($135.5 million) to support the country’s development. Véronique Brumeaux (photo), France’s ambassador to Benin, announced on May 15 , 2018, in Cotonou. According to information relayed by Xinhua, the amount will be used to implement 2018 government development strategies. Under this plan, the...

Citi is pleased to announce that Idriss Linge is winner of the 2018 Citi Journalism Award for Excellence (CJEA) for his article on the causes behind the accumulation of non-performing loans by the pan-African banking conglomerate, Ecobank. CJEA is a global Citi competition which began in 1982 as a way of recognizing journalists for excellence in financial and business reporting in the markets in...

Ugandan national power distributor-Umeme- will pump $1.2 billion to rehabilitate and upgrade the national grid over the next 7 years. CEO Selestino Babungi (photo) told Reuters, revealing that an advisor has been appointed to assess options for fundraising. Through this investment, the country will boost its power capacity along with the implementation of additional facilities as...

Russian mining company Nordgold is carrying activities to extend the lifetime of its Bissa-Bouly gold mine in Burkina Faso. The managing Director Howard Golden said that this should secure not only the future of these high-quality assets but also the jobs of over 1,200 local workers. These activities include exploration, operations, and continuous improvement projects. In a statement issued...

Nigerian government awarded a $6.68 billion contract to China Civil Engineering Construction Corporation (CCECC) to construct a railway linking the economic capital Lagos (North-West) to Kano (North).  The information was reported yesterday May 15 by Xinhua which quoted official sources. “The signing of the Ibadan-Kaduna segment agreement concludes all outstanding...

Avenira announced today May 16, it has appointed Wood Plc (formerly known as Amec Foster Wheeler) to conduct the ongoing Bankable Feasibility study (BSF) at Gadde Bissik mine which is part of its Baobab expansion project in Senegal. The BFS will be carried out in two phases. Phase 1 will concern a simple feasibility study (scheduled for late July) followed by the final bankable feasibility study...