Accusing YouTube of exposing children to violent and inappropriate content, major advertisers like Mars, Adidas, Adidas, HP, Lidl or Sky have suspended their advertising campaigns on the social network. This decision follows a wave of complaints by the general public, started a few days ago subsequent to the publishing of inappropriate images and comments in YouTube’s section reserved for kids...

Arab International Lease (AIL), a Tunisian leasing firm, has raised five million Tunisian dinars ($2 million) on the local bond market, to reinforce its financial structure and expand. Without giving details to subscribers, the stock intermediary Société du Conseil et de l’Intermédiation Financière (SCIF) revealed in a statement that the operation which closed on November 17, 2017, was a...

The African Development Bank (AfDB) has, via the African Development Fund, granted Ethiopia $97.79 million to rehabilitate its power network. The grant is broken into a loan of $83.64 million and a subsidy of $14.15 million. The monies will be used to rehabilitate and improve Addis Ababa’s power transmission system. The project will involve 545km of average tension line, the...

Belgium-Brazil firm AB InBev will spend overall $250 million to build a new brewery in Nigeria.   The infrastructure will be located in Sagamu, Ogun State, in the South Western region. It will start operations next year and will be the largest brewery of the group in Africa, excluding its facilities in South Africa.  Through this investment, the firm will introduce in...

New Sparta Asset Management, a British specialist emerging markets investment manager, is raising up to $250 million, a statement of the European Investment Bank, revealed indirectly. The Bank must announce if it will back the move through a $50 million investment.  Mobilized resources will be allocated to investments in renewable energy projects in Africa under the Africa...

The Finish Wärtsilä will build a 75MW PV solar plant in Nigeria, under an engineering, equipment supply and construction contract (EPC) concluded with Pan Africa Solar Ltd, Engineering News indicated.   This infrastructure which will be the country’s largest, will be located in Katsina State, in the North of country. It should help provide power to about 1.1 million...

According to a circular that came into effect on November 20, 2017, Congo’s Minister of Foreign Affairs, Lumeya-Dhu-Maleghi (photo), has put in place new measures to accelerate procedures to secure land deeds and other related documents, in addition to reduce related costs.  “Starting from November 20, 2017, and as it was agreed after assessing the various steps associated with...

The Moto Z, Moto E and Moto G ranges were previewed in Dakar by Marcel van de Pas, Chief Operating Officer in Africa and his team in the presence of many journalists and influencers. The communication group AG Partners was awarded the launch in Africa.The evening hosted by DJ Boobs has highlighted the features of the new models, including the Moto Z and interchangeable MODS (Camera, video...

Benin’s government will build in the Sèmè-Kpodji municipality, South West of Cotonou, a commercial deep-water oil and ore port. To this end, it has signed with Pic Network Limited of the Petrolin Group a public-private partnership agreement. “The project will be fully funded by Pic Network Limited and Pic International SA,” reads the report of the latest ministers’ council. The...

In order to fast-track the development of key projects in the country, the government of Togo has put in a place a presidential cell to implement and monitor these projects. In this framework, authorities requested the collaboration of the Tony Blair Institute which was founded by the former British Prime Minister. The latter in fact recently visited with Togo’s President Faure Gnassingbe, the...