The fourth edition of the SME & Banking Africa Forum will be held in Kigali, Rwanda. Organized in partnership with SFI / IFC, AfricSearch, OCP Group, ESPartners and Afreximbank among others. Exclusively dedicated to the financing of African SMEs, the SME & BANKING Africa Forum enables African companies to access financing through banks, investment funds, guarantee funds, foundations and Business...

Australia’s leading produce company Costa Group Holdings Limited, has signed an agreement to acquire a 41% interest in the Moroccan blueberry producer African Blue, according to website freshfruitportal. The acquisition of the stakes from two of African Blue’s founding shareholders, namely Gailes Holdings Ltd and Bennani Abdellatif, will be carried out over the next three years.  It...

Rebecca Miano (picture) is the new managing director and CEO of Kenya’s power utility, KenGen. Lawyer by profession, Miano who was insuring the interim since August 2017, following the departure of Albert Mugo, thus becomes the first woman to hold this position. She was picked out of 91 candidates. “The Board is confident that Mrs Miano’s skills and wealth of experience, having worked in...

Randgold Resources and Endeavour Mining have formed a joint-venture (JV) to explore their adjacent Sissedougou and Mankono projects, in Côte d’Ivoire. They will respectively hold 70% and 30% interest in the new JV which will combine their permits. Randgold will operate the JV and both of them will contribute to the annual exploration budget. “As the two largest producers in Côte d'Ivoire,...

Perseus Mining released today the definitive feasibility study (DFS) for its Yaouré gold project (Côte d’Ivoire), which revealed that the mine could produce 1.36 million ounces over a lifetime of 8.5 years. The study which was based on an ore reserve of 26.8 million tons grading 1.76 g/t Au, also estimated to 215,000 ounces, the mine’s average annual output over its five first years of...

The New-York based private equity firm, Milost Global, which was founded by the former Sierra Leonean box champion, Forster Engerton (picture), has announced that it will open in South Africa a subsidiary named Isilo Capital Management. The latter will manage Africa-focused investment funds, Ecofin Agency learnt from official sources.   The first objective of Isilo Capital Management...

Since last October 31, it is possible in Tunisia to collect land deeds directly at specific agencies, unlike in the past when this was only possible at the beneficiary’s place of origin. This was revealed in a statement from the minister of State domains and land affairs, Mabrouk Kourchid (picture).  “The new service will enable the provision of deeds without referring to the place of...

From 2011 to 2016, trade between Côte d’Ivoire and the European Union have increased by FCFA1,418 billion (about €2.16 billion). This was disclosed by the Ivorian Prime Minister, Amamdou Gon Coulibaly (picture), on the sidelines of the launching of the implementation strategy for the EU-Côte d’Ivoire economic partnership agreement (EPA), on October 31, 2017 in Abidjan. “Overall...

The Zambia Telecommunications Company (Zamtel) has commenced works to modernize its telecoms infrastructure and expand its network in rural areas. This project cost the firm $280 million, its CEO, Sydney Mupeta (picture), revealed. So far, works have been conducted on 100 sites, out of 1,009 targeted.  The firm’s decision to focus on rural areas is due to the fact that these remain...

After going through long internal procedures at Lomé’s first instance and appeal courts without avail, the residents of 21 villages who were expropriated two decades ago, due to the construction of the Nangbeto hydropower dam, finally turn to community justice. According to the news website Togo top infos, they just took the matter to the ECOWAS court. The plaintiffs are demanding from...