The mobile operator, Expresso, a subsidiary of the Sudanese telecom group, Sudatel, has finally invested in the Senegalese mobile money sector. The telecom company launched its ‘E-money’ dedicated to mobile money service on Feb. 15, 2018, in Dakar. By doing so, the company expands its offers to consumers. “This new service will benefit all our customers and everybody in the...

The Ivorian government partners with Afriland First Bank to set up a guarantee fund for the poultry industry (FGSA), the Ivorian daily news imatin reports. The partnership agreement was signed on Feb. 15 by Kobenan Adjoumani (photo), the minister of animal and fisheries resources and Olivier Kengne, the bank’s managing director. The fund which is intended to improve the...

On Wednesday, Feb. 14, during a ministerial reshuffle, the Zambian president Edgar Lungu appointed Richard Musukwa (photo) as the new minister of mines. He replaces Christopher Yaluma who is now the minister of commerce. Musukwa was a member of the Zambian parliament and former deputy minister of mines.   The president has also replaced the minister of finance, Felix Mutati, with...

Malian humanitarian organizations want to mobilize $263 million to assist the most vulnerable populations. This was announced on February 15, 2018, by the secretary general of the ministry of solidarity and humanitarian action.  The fundraising falls in line with the country’s 2018 humanitarian response plan, supported by about 41 humanitarian organizations. The amount will be used...

Cahora Bassa Hydroelectric Dam (HCB), in Mozambique, launched a public tender to sell 7.5% of its share. The process which will be conducted through the Mozambique Stock Exchange (BVM) aims at hiring a financial intermediary. The latter will be in charge of the organization, registration, authorization, publication, launch, and execution of the HCB shares’ public sale offer. “The...

On Wednesday February 14, 2018, the Angolan parliament approved the 2018 budget which is $45.69 billion. This was revealed in a statement issued by authorities. According to Reuters’ reports, the State forecasts a 4.9% economic growth, well beyond the estimate (1.6%) of International Monetary Fund (IMF). This rate is driven by various strategies of economy diversification and...

Wednesday, February 14, 2018, OreCorp announced it has obtained a certificate of environmental impact assessment for its Nyanzaga gold project in Tanzania. The certificate, granted after 18 months of work on the project is a prerequisite for the issuance of a mining license. OreCorp said it has already filed the mining lease application and it should receive a special mining...

African coffee output could rise by 2-3 million tons, annually, in the next five years. Ishak Lukenge, president of African Fine Coffees Association (AFCA), told Bloomberg. According to the official, this increase will be spurred by measures undertaken to boost plantings and diversify  varieties produced while improving farming practices.  The countries which made the most...

On February 14, 2018, Côte d’Ivoire adopted a new ruling which cancels the tax exemption on industrial and commercial benefits (ICB) of mine operators. In a statement issued by the council of ministers, it is indicated that valid mining agreements and licenses granted before this ruling entered into force would not be affected.   “A discount of 75% and 50% of the ICB tax will be...

In Côte d’Ivoire, the 2018 cashew marketing campaign began today, February 15, 2018, with a minimum guaranteed price of CFA500 per kilogram. Compared to the nut’s price during the previous campaign, it represents an increase by CFA60. While in 2017 it produced 711, 236 tons of cashew, missing its initial target of 715,000 tons, Côte d’Ivoire expects 750, 000 tons during the present...