At the end of the first half of the year ended on June 30, 2017, Société des Industries Pharmaceutiques de Tunisie (SIPHAT) secured a total of 5.5 million Tunisian dinars ($2.03 million) of loans. The firm, it should be noted, is listed on the Bourse des Valeurs Mobilières de Tunis (BVMT). In details, Arab Tunisian Bank (ATB) provided 3 million Tunisian dinars to SIPHAT while Union Bancaire...

Following an international call for tenders, FINACTU has just been selected (October 2017) to support the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water & Forests in setting up and monitoring parametric insurance against the consequences of drought at the national level. This mission complements FINACTU's track-record in the implementation of agricultural insurance...

In Senegal, FINACTU assists the National Agricultural Insurance Company of Senegal (CNAAS) in the creation and launching of a parametric insurance product for the cotton sector at the national level against climate risks, with the support of the West African Development Bank(BOAD). In the summer of 2017, all cotton producers in Senegal subscribed to the first national index-based insurance...

Akinwumi Adesina (photo), president of the African Development Bank (AfDB), has on Tuesday, Nov. 28, 2017, discussed some of the harsh challenges that make access to agricultural lands difficult, in Africa. This was on the sidelines of the Leadership for Agriculture (L4Ag) forum that the pan African institution organizes in partnership with Grow Africa and Initiative for Global Development...

Algeria and Hungary recently studied opportunities to cooperate in the ICT sector. This was at the 2nd edition of the Algeria-Hungary ICT Symposium held last week in Algiers. At the event, were present about 50 Algerian firms and 12 Hungarian firms specialized in ICT. On November 21, when the symposium took place, discussions were focused on cooperation, investment and experience...

From November 24 to 26, 2017, the Walt Disney Company had organized in Tunis, the first African edition of its festival. During three days, participants were able to discover Disney’s latest productions, including “Coco”, its latest animation movie. “We picked Tunisia for its many movie theaters which happen to be particularly well structured. There are many more theaters here than in...

Last Tuesday, the judicial police conducted a search at the headquarters of the Areva nuclear group in France. This was confirmed by the group itself, which however did not provide the reasons for the operation. However, many sources claim that the search falls under a preliminary investigation concerning a shady sale of uranium from Niger.  The case goes way back to 2012 but was made...

The African Development Bank (AfDB) just launched the Presidential youth advisory group (PYAG) which is tasked with providing innovative ideas for the creation of more than 25 million decent and sustainable jobs in Africa, over the next ten years. This was made public at the 6th edition of the EU – Africa business forum, in Abidjan, by the institution’s president, Akinwumi...

€44 billion. That is how much the European Union (EU) plans to inject in Africa’s development by 2020. Indeed, revealing this in a joint press statement released last November 20, the President of the African Union (UA), Alpha Condé, and Federica Mogherini, High representative and deputy president of the European service for external action, indicated that the EU would from now grant a...

In Senegal, the New Plan for the National Development of Husbandry (PNDE) was allocated a budget of CFA241.167 billion for its implementation over the 2017-2021 period. This was disclosed by Aminata Mbengue Ndiaye (photo), Senegal’s minister of husbandry, during a roadmap presentation with all actors of the sectors.  This program aims to “make husbandry a performant sector, able to...