Presstalis, the French media distribution corporation, has suspended the distribution of International print media in Senegal and in Côte d’Ivoire. According to primary information received, this is the result of the local distributors’ failure to pay their debts to the French company Indeed, Edipresse in Côte d’Ivoire and Press Distribution Agency (ADP) in Senegal owe CFA190 million and...

The International Finance Corporation (IFC), subsidiary of the World Bank in charge of the private sector, plans to grant a new line of credit to Egyptian banks to finance SMEs, women’s entrepreneurship especially. The soon to be granted amount has not been disclosed but Sammar Essmat, Gender and private sector expert for Europe, Central Asia, Middle-East and Northern Africa at IFC, indicated...

Benin government has just hired the Port of Antwerp to manage its port in Cotonou for ten years. The agreement has been signed on January 8, 2018, by Benin authorities and the Belgian delegation at Palais de la Marina. “We have just signed an agreement to manage the Port of Cotonou. The idea behind this contract is to accompany the port of Cotonou with the expertise of that of Antwerp in...

FINACTU is honored to have been chosen by Tunisia, through AL KARAMA Holding, the holding company which manages a significant number of the companies and assets seized by the Tunisian State, to proceed with the sale of the ZITOUNA bank and the ZITOUNA TAKAFUL insurance company. Following an international call for tenders, AL KARAMA HOLDING has entrusted the sale of BANQUE ZITOUNA and insurance...

In Ngoengoe, Eastern Cameroon, in the night of last December 29-30, nine artisanal miners, who were looking for gold in a mine unrestored by the Chinese mining company Lu & Lang, died in a landslide, official sources indicated. The hapless miners were hoping to find some gold nuggets when the landslide occured. This is the nineth drama recorded in the region because of the non-respect...

In Mali, the issue of women’s land access is still a priority. This was declared by the new head of the Women Associations and NGOs coordination in Mali (Cafo), Dembélé Oulematou Sow, who was quoted by Pressafrik. Ms. Sow, who spoke after her appointment on December 30, 2017, also listed among priorities she will focus on during her mandate issues such as women's access to...

Egyptian government plans to disburse EGP5 billion (about €234 million) to construct the largest wind power plant in the Middle-East. This project initiated by the minister of energy will be implemented in the Gulf of Suez. The European Union (€30 million), German development Bank (€72 million) and French Development Agency (€50 million) will co-finance the project. Mohamed...

The news agency Algérie Presse Service (APS), reports that in Tipasa, Northern Algeria, land speculation and uncontrolled constructions increase so much that the wali, Moussa Ghelai (picture), decided to take action.   The news agency said: “In the recent years, the issue of uncontrolled constructions and damage to forest, maritime and agricultural lands has increased so...

In 2017, Senegal has exported 106,200 tons of fruits and vegetables. This is 16.7% more than the 91,000 tons it did the previous year, according to le soleil online. The surge marks the continuation of a trend recorded by the horticulture industry over some years now. Indeed, exports of horticultural products from Senegal rose from 8,900 tons in 2010, to more than 29,000 tons in 2014. Beyond...

It appears that in Algeria, half of the lands put at the disposal of investors for industrial use are yet to be exploited, a phenomenon that greatly impairs the economy. This was disclosed by the general secretary of the ministry of industry and mines, Kheïreddine Medjoubi, quoted by news website Liberté Algérie. Qualifying the situation as “inadmissible”, the official revealed that...