The West African Development Bank (WADB)’s investment in West Africa reached CFA5, 000 billion ($9.66 billion), the institution indicated in a statement. According to information relayed by Xinhua, this figure includes all the operations carried out by the bank for economies within West African Economic and Monetary Union (WAEMU), since it launched its activities. So, the latest CFA 195...

Last week in Cape Coast, during a meeting with the media in the Central Region to present MTNGhana’s strategic vision, Pala Asiedu Ofori, the firm’s Corporate Services Executive, revealed that MTN Ghana would invest $144 million to improve the operator’s services quality in 2018. She explained that MTN Ghana was planning to add 230 new urban sites and 200 rural sites to its...

On March 27-28, 2018, the fourth national workshop on Land governance will be organized in Dakar. It will be organised by the Steering Committee of the Voluntary Guidelines and Land Governance (COPIL / DVGF), co-chaired by the Senegalese ministry of agriculture and rural equipment and the national council for consultation and rural cooperation (CNCR), in collaboration with the agricultural and...

South Africa’s maize output for the 2017-18 season should stand at 12.49 million tons, a poll of five traders and market analysts told Reuters. This volume is slightly higher than the 12.2 million tons previously forecasted in February. In details, it includes 6.24 million tons of white corn and 6.25 million of yellow corn. However, this output is far below the 16.82 million tons...

Afreximbank will invest $25 billion to boost trade exchanges in Africa. This was announced by Benedict Oramah (photo), the bank’s chairman. According to the manager, whose comments are relayed by The Guardian Nigeria, the fund is part of the 5-years program which started in 2016 and will run till 2021. On the sidelines of AU’s extraordinary summit, aiming at recording...

World Bank will grant Côte d’Ivoire $1 billion to support the country’s development, the bank’s vice president for Africa Makhtar Diop (photo) announced yesterday March 22. According to the official, mentioned by Xinhua, the resource should be provided by the end of the current fiscal year (next June).  It will be backed by another $500 million that will be...

World Bank will grant $500 million to Côte d’Ivoire to develop cocoa and cashew sectors. This information, relayed by Agence ivoirienne de presse (AIP), was announced by Makhtar Diop (photo), the bank’s vice president for Africa. $300 million will be allocated to the cocoa sector while $200 million will be directed to the cashew sector. The fund should be granted in...

Yesterday March 22, SEMAFO reported that its Boungou gold mine (Burkina Faso) whose construction started in March 2017, is 87%-completed and the first gold bullion could be expected at the start of Q3, 2018. The company also announced that it has begun commissioning activities on the drying plant, this week. Also, in the coming weeks, as construction continues, it will test the crushing and...

Yesterday March 22 during a press briefing, Samir Taieb, the Tunisian minister of agriculture, announced that TND100 billion ($41.7 million) would be affected to the exploitation of the agricultural crown land. Global net reports. “The program for agricultural crown land exploitation will be implemented on over  45, 000 hectares, of which 25, 000 hectares will be used for...

Bank of Ghana (BOG) reported that 38% of the microfinance institutions operating in the country are experiencing difficulties, which translates into a debt worth GHȼ740.5 ($166 million) owed to more than 700, 000 depositors.  “In total, it is estimated that 272 institutions in the sub-sector, representing 38.5% are at risk. This indicates that approximately GHȼ740.5 million is owed...