Google has just announced a series of projects to fight fake news on internet. Indeed, the US giant promised to invest $300 million over the next three years to support reliable media. The information, first announced during a presentation in New York, was revealed at a key stage of the global mobilization against fake news. This move has been previously suggested by press mogul...

 Guaranty Trust Bank, along with Shell Western Supply and Trading, a subsidiary of the giant Royal Dutch Shell, approved a $270 million loan for AMNI, a Nigerian-based small independent producer.  The agreement’s financial terms have not been disclosed. “We do not usually issue press statements for facilities and loans,” Guaranty Trust Bank’s head of communication told...

In Côte d’Ivoire, the cocoa output during the mid-crop ,which will begin in April, could shrink by 23% to stand at 400, 000 tons due to insufficient rainfall between November to March. The information was reported by Reuters, which mentioned a senior source at the Coffee-Cocoa Council (CCC).  According to the source, the lack of rain in most of the production areas slowed the...

Zimbabwe expects to produce 200, 000 tons of tobacco during the current season (2017-18), the Tobacco Industry and Marketing Board (TIMB) announced yesterday March 21. This volume is slightly above (+5.8%) the 189, 000 tons produced last season and remains close to the volume reached (198, 000 tons) in the early 2000s. This result is due to the investments consented towards...

Kenya Airways officials announced that the company was planning to add 20 new destinations in Africa, Europe, and Asia to its flight schedule during the next 5 years, Bloomberg reported yesterday March 21. “We will seek board approval for the new-route plan in April, […] we are looking at, at least one European route and one Asian route on top of the African...

The African Development Bank (AfDB) granted the Ghanaian government a $39 million loan, through the African Development Fund (ADF), to support the Savannah Zone Agricultural Productivity Improvement Project (SAZAPIP). The document was signed last week by Ken Ofori-Atta (photo), Ghanaian finance minister and Yero Baldeh, AfDB’s head in Ghana. With an estimated cost of $56.5...

Angola plans to invest $5 billion to develop water supply projects in the country, João Baptista Borges, the water and energy minister said. According to the official’s comments relayed by Macauhub, these investments will mainly be directed to infrastructure construction and upgrading in order to supply running water to the population living in very remote...

Mining company Birimian announced it has revised estimated operating cost downwards on Goulamina Lithium project in Mali, following the optimization of the pre-feasibility study on the mine. Initially estimated at $379 per ton, the cost has been dropped to less than $300/t as the company expects significant savings. It reported that transport and handling costs, previously...

Alexandria Mineral Oils Co SAE (AMOC), EGX-listed Egyptian company active in the oil industry, concluded a financing agreement worth $500 million on an oil refinery project with local and international financial institutions. According to Egyptian media, these institutions include International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD). Amr...

International Finance Corporation (IFC), World Bank’s private lending arm, has recently announced it will invest $373 million in Maghreb, mainly in Morocco and Tunisia to develop infrastructure projects. It also wants to support both countries as they cut spending in this sector to curb the budget deficit.  IFC will also help the two nations establish private-public partnerships to...