The Ghanaian government has just granted $230 million for renewable energy development mainly through the installation of off-grid systems across the country. The information relayed by Ghana Web, was announced by Seth Mahu, the deputy director of renewable energy at the ministry of energy.  According to the official, the implementation of these over 35, 000...

In January 2018, Angola exported 620, 485 carats of diamond, generating $84.54 million (about €68.5 million). This was revealed by the country’s finance ministry in a monthly report. In the same wake, the state collected 1.33 billion Kwanza (€5 million) as tax revenues from these sales. Plus, the average selling price per carat ($136.24) during this period was the second...

The Ghanaian government will provide 15, 000 tons of improved seeds to 500, 000 local farmers in 2018, under the “Planting for food and jobs-PFJ” program initiated by the ministry of food and agriculture . This information was disclosed yesterday April 8 by Owusu Afriyie Akoto (photo), the agriculture minister on the sidelines of the crop season. The seeds include rice,...

Today April 9, Société de limonaderies et basseries d’Afrique (Solibra), subsidiary of the French group Castel, will launch its Vimto drink in glass bottle, on the Ivorian market. Made of red fruits and spices blend, this drink will be locally produced and packed in 30 cl and 60 cl bottles that will be sold at CFA300 and CFA500, respectively. With this move, Solibra hopes to...

The Sudanese government recently announced it would issue sukuk bonds worth  $1 billion. The amount raised from the issuance of these international Islamic bonds will be used to fund the State budget. The operation marks a noticeable return on the international financial market after two decades of US sanctions. “In Sudan we started already with local sukuk but it will...

Benin and Rwanda will be the two African countries to benefit from the next sustainable development goals program initiated by IMF, Xinhua revealed on April 6, 2018. According to Victor Gaspar, Director of IMF's Fiscal Affairs Department, the Bretton Woods institution could adapt its financing to the targeted countries’ needs (in line with their national and sectoral...

In 2017, the Arab Tunisian Bank (ATB) recorded a net profit of TND214 million ($88 million), up by 12.5% compared to the volume in 2016. This was revealed in a report published by the bank today April 6, 2018. The first private bank in Tunisia also reported an equity growth of 16.4%, to stand at more than TND1 billion (exactly TND1.40 billion) during the period under review, a record level ever...

Yesterday 5 April 2018, the German NGO for development cooperation and emergency assistance, Deutsche Welthungerhilfe launched a land tenure project for small-scale farmers in Burkina Faso. With a total cost of CFA180 million, this project known as Multi-Operators Partnership (MAP), is the result of a close collaboration between the country’s farmers confederation (CPF) and Deutsche...

Zambia and DR Congo have signed a MoU to extend the joint Luapula River hydroelectric development project’s deadline. According to this MoU, the new deadline is 2021. Let’s note that Congo’s national power utility (SNEL) and Zambia Electricity Supply Corporation (ZESCO) received $3.5 million to carry out the technical feasibility studies.  Furthermore, World Bank has also...

The United States of America will provide a sum of CFA28.6 billion ($53.2 million) to Mali, Journal de l’Economie Malienne revealed yesterday April 5, 2018. The document signed last March 29, is in line with an agreement concluded by both countries for the period 2016-20. This amount should enable the Malian government to support development projects in health, education, good governance...