Edita Food Industries, number one of Egypt’s snacks market, has announced that it signed with the Moroccan retailer Dislog a Joint Venture agreement (51% interest for Edita and 49% for Dislog) to enter the Moroccan market. With this new alliance, the Egyptian firm will be able to export, starting from 2018, its goods to the Cherifian Kingdom and supply consumers via Dislog’s distribution...

U.S. government has published last Monday a report revealing its new security strategy. This document shows the main orientations of the U.S. policy in terms of security and economy. According to the report, the USA must reposition itself in Africa not to lose ground to the “Chinese threat”. “China is expanding its economic and military presence in Africa, growing from a small investor in...

While visiting Mauritania on the sidelines of the third anniversary of the G5 Sahel’s creation, the permanent secretary of the organization, El haj Mohamed has announced that 65% of the funding needed to establish the new anti-jihadist joint forces has already been mobilized. The forces, a contingent of 5,000 soldiers whose headquarters will be based in Sévaré, Mali, have as main mission to...

In Kwilu, in the South Western part of the Democratic Republic of Congo (DRC), heads of the catholic congregation of the Blessed Sacrament have denounced on Radio Okapi the “illegal” expropriation of their property. They claim to have been threatened by representatives of an agro-pastoral project.    “We ask the Congolese government to respect our rights under the law. It...

Mali’s parliament has adopted the 2018 budget which amounts to CFA2,330.778 ($4.2 billion) last Monday.  “With estimated revenues (in terms of recovering forecasts) and expenditures respectively put at CFA1,957.625 billion and CFA2,330.778, the 2018 budget draft is characterized by a global deficit of CFA373.153 billion against FA356.183 billion in the 2017 amended budget, thus...

According to Moroccan media, the International Financial Corporation (IFC) plans to exit the shareholding of Zalar Holding, one of the country’s largest poultry company, this four years after entering it. World Bank’s arm in charge of private sector in developing countries is looking for a candidate to buy its 15% interest in the company which was founded in 1974 by Mohammed Chaouni. IFC...

Société Africaine de Plantations d’Hévéas (SAPH), number 1 of the Ivorian rubber market, has inaugurated last Friday, in the Bongo locality, in the South-Comoé region, a new natural rubber production factory, commodafrica reported. With an annual capacity of 60,000 tons of rubber, the plant required an investment of CFA8 billion and is one of the biggest of its kind all over the African...

Telecom group Bharti Airtel has acquired from Millicom International Cellular SA its subsidiary in Rwanda, Tigo Rwanda Limited. Bharti Airtel which already operates in Rwanda, explained that the move aims to position the firm as number two of the country’s telecom market, after MTN, and consolidate this market as well.  According to Sunil Bharti Mittal (photo), CEO Bharti Airtel,...

Nigeria's Vice President, Yemi Osinbajo (photo), has recently deplored the state of the local press. The official believes that the lack of vision, the poor state of finances and selfish interests of Nigerian journalists cause the decline of the media industry in the country. This, he said, on the sidelines of the 50th birthday of Kadaria Ahmed, a famous Nigerian journalist who worked at...

Acacia Mining, which operates three gold mines in Tanzania, has announced this Tuesday the sale of its 2% royalty over the Houndé gold mine in Burkina Faso, for $45 million. The purchaser of the royalty which was held by Acacia since 2010 is Sandstorm Gold, which is listed on TSX and NYSE. The firm has explained that its decision was taken after Endeavour mining, the mine’s operator,...