Senegal’s government invested CFA12.6 billion in peanut sub-sector between 2010 and 2015. This represents 50% of public investments in agriculture during the period under review. This figure was revealed by World Bank in its –Senegal Groundnut Value Chain Competitiveness and Prospects for Development- report According to the institution, this amount is double the resource granted to...

Ethiopia just overrun Ghana as the country with the fastest growing economy in 2018. This is revealed by IMF’s latest forecasts issued yesterday April 17. According to data from the international institution, Ethiopia will record an 8.5 % growth rate and 6.3% for Ghana. IMF indicated that this good performance from Ethiopia could be spurred by an influx of investors such as General...

Burkina Faso will disburse CFA68 billion ($128 million) to fight food insecurity, the Prime Minister Paul Kaba Thiéba (photo) announced last April 12. According to the official, relayed by Xinhua, the resource is part of the food crisis response plan. Set to reach 83 communes vulnerable to food insecurity, this plan is expected to help more than 2.6 million people across the country. This food...

Hamed Diane Senega (photo), High Commissioner of the Organization for the Development of Senegal River (OMVS), announced last April 12 the construction of a river-sea port, estimated at about €500 million, in Saint-Louis (North-Western part of Senegal). “This project will include a fishing port, a marina and a trade port. This will be built momentum in Saint-Louis town...

The European Union (EU) approved a CFA18.34 billion financing for Burkina Faso to advance the agricultural sectors’ value added development project (VAFA). The document was initialed last April 13 by the Burkinabe finance minister, Rosine Coulibaly, and Jean Lamy (photo), ambassador and head of EU’s delegation. The main objective of this initiative is to “contribute to...

Mali’s customs administration revealed that the country collected a total of CFA149.125 billion (about $280.9 million) as customs revenues during the first quarter of 2018 which ended on March 31, 2018. These revenues are slightly down CFA7.155 billion (about $13.4 million) from the initial expectations guidance of CFA156.280 billion (about $295 million) over the period. This...

South Africa could launch a plan to mobilize R100 billion ($8 billion) as investment, the country’s president Cyril Ramaphosa (photo) announced yesterday April 16. According to the leader, relayed by Reuters, the mobilization will be entrusted to a team of economists and experts, composed, among others, of former finance ministers Trevor Manuel and Pravin Gordhan as well as former...

To attract Kenyan milk producers, Brookside Dairy Limited, the milk market’s leader, decided to increase milk’s farm gate price from KSh26 shillings ($0.25) to KSh37 ($0.36) per liter. By increasing the prices, the company wants to align its price with that of its rival Kenya Co-operative Creameries (New KCC). It also  intends to stand out by getting involved in the upstream...

Cradle Arc announced yesterday April 16, that it has clinched a new agreement to set a joint venture with Singa Holdings and sell its Matala and Dunrobin gold mines in Zambia. According to the agreement’s terms, Singa Holdings will initially pay $30, 000 and have the option to acquire the entire share capital of Luiri Gold, subsidiary of Cradle, for $2.5 million payable in cash....

In Benin, the president of the national agency of estate and land (ANDF), Jules Victorien Kouglenou, announced last April 13 that land titles will now be issued within 120 days, under the requirements of the land and property code in force. This was during the kickoff session also attended by the president of the expert geometricians and the representative of notaries as well as...