On December 8, 2018, Cameroon’s national assembly has approved the 2018 finance bill of CFA4513.5 billion submitted by the government. Approved, despite the critics of some deputies of the opposition, the new budget has increased by CFA139.7 billion (3.2%), compared to 2017 budget which was CFA4378.8 billion. Leaning on a 4.2% provisional economic growth, the budget projects an increase of...

If the operators of the radio installations, at Mount Mbankolo which towers Cameroon’s Capital, do not comply with the regulation, the ministry of posts and telecommunication will remove their installations and make them pay for the removal. This warning is in the communique published by Minette Libom Li Likeng, the minister of post and telecommunication, who revealed that some installations...

The African Development Bank has approved last week, a $100 million loan for the development of a bauxite mine in the North West of Guinea. The project is managed by Guinea Alumina Corporation (GAC) subsidiary of Emirates Global Aluminium, and is situated in the region of Boké.   The funds will be used to build the mine, establish an export terminal dedicated to the Kamsar Port,...

The parliament of DRC has adopted a new mining code which should boost taxes and royalties paid by mining firms operating in the country. The news which was disclosed this week-end, was relayed by many international media such as Reuters and BBC Africa. The revision project was proposed in 2015 but its adoption process was halted in March 2016 due to various objections from mining...

In Senegal, Futurs Médias (GFM) group has launched on December 9, Tv channel l’Obs TV and a sport daily Record. According to Ibrahima Dieng, who is in charge of the two media, their creation results from a partnership between GFM, Kwesé TV and Africanews. “It is an exclusive alliance with the pan-African channel Kwesé Free sport and a partnership with Africanews, the Africa-focused...

Huawei International has officially started construction works for the first stage of the national fiber optic backbone project, on December 10, 2017. This stage which extends on a distance of 2,001 km was officially launched in Gaoua, in the region of Bafuji, by the president of the Republic, Roch Marc Christian Kaboré (photo).  This first phase is estimated to cost CFA50 billion. It was...

The government of Zimbabwe has turned its words into actions, and quite rapidly at that. Indeed, less than a month after President Emmerson Mnangagwa (photo) has declared in his investiture speech that white farmers expropriated in the framework of the land reform initiated by his predecessor, Robert Mugabe, will be compensated, a first farmer, Robert Smart, just got back his lands which were...

The government of Sudan has announced the temporary ban of 19 products including food products. The measure came into effect last Thursday and it aims to protect the local currency and reduce the county’s budget deficit. It is implemented as the Sudanese pound keeps falling to the dollar since the lifting of US economic sanctions. This will lead to a boost of Sudan’s imports and affect...

In November 2017, Kenya’s has exported Sh776 million ($7.5 million) worth or coffee, thus down more than 15% compared to the same month the year before, according to Businessdailyafrica. The decrease is mainly due to the low trading of the crop on the Nairobi Coffee Exchange-NCE. In fact, according to the NCE’s managing directo, Daniel Mbithi, while the volume exported was stable, the...

Côte d’Ivoire and Senegal are among the top 10 African nations to have attracted most funds for startups in 2016, according to data released by Partech Venture, a US firm specialized in tech companies starting up funding. Côte d’Ivoire, with a total of $13 million attracted by its startups, ranked 5th in the index. Senegal for its part ranked 9th with $6.5...