During the 2017/2018 peanut season opening on December 1st, one kilogram of the crop will be sold at CFA210. This was disclosed recently by the inter-ministerial council for the season’s preparation, following a meeting that regrouped all the actors of the sector (State institutions, financial institutions, oil makers and farmers’ and rural associations).  This price is the same as that...

Just like its neighbor Algeria, Tunisia seems also to have fully committed its efforts to clean up the management of its land sector. In that regard, the State has recovered 20,113 hectares of State domains which were illegally occupied since 2011.  “These domains were squatted since the incident of January 14, 2011. The Béja governorate was the one to recover the most lands (3,115 ha)...

The International Monetary Fund (IMF) will provide FCFA400 billion to Gabon to accelerate the implementation of its Economic Recovery Plan, a statement from the Budget ministry revealed.  According to IMF’s deputy head for Africa, Alex Segura-Ubiergo (picture), the institution “will support the Gabonese state’s efforts, in order to help it overcome the difficult crisis which it...

In Mali, the temporary power generation equipment supplier Aggreko, has commissioned a 7.4MW diesel-fueled power plant, at the Yanfolila mine controlled by Hummingbird Resources. The infrastructure will power the mine’s processing factory. “Getting reliable, efficient and cost-effective power supply is critical when it comes to mining operations. Aggreko’s technologies provide a scalable...

Regrouped last Tuesday in Niamey, five Heads of States of the ECOWAS, and the president of the community’s commission, Marcel De Souza, have numbered the various challenges to tackle in order to for the region to have a single currency. According to De Souza, roadmaps were not respected and too much delay was registered in implementing convergence measures. According to the Commission’s...

In its October forecasts release, Dutch bank Rabobank said Côte d’Ivoire’s cocoa output should reach 1.83 million tons in 2017/18, slightly below 2016/17’s output (2 million tons). The expected decrease will result from above-normal rainfalls and a lower guaranteed minimum price to cocoa producers (CFA700 per Kg). According to the lender, this price which is 36% lower than that applied...

MTN Congo promised to improve the quality of its services. To this end, a trust agreement was signed on October 24, 2017, by the telecom operator and the consumer association, setting a legal framework for the obligations that the first must satisfy to please its users. Mermans Babounga, executive secretary of the Congolse observatory for consumers’ rights, said: “We have finally reached an...

In 2016, Togo has allocated $297.5 million of its budget to infrastructures, far above the amount allocated to the same sector by most of its neighbors, within the WAEMU, except Senegal. This was revealed in the 2016 report of the Infrastructure Consortium of Africa (ICA), released this month. While Senegal allocated $575.4 million, or less than 4% of its GDP, of its budget to...

In addition to clearly expressing its plans to clean up its industrial land sector, the Algerian government also plans to do the same in its agricultural land sector. This is as 69% of these lands, which were awarded to private investors to be used and made profitable, are unused. “853,000 hectares which were awarded to 19,000 concessionaires, in the framework of a scheme to develop new...

Pan-African infrastructure-focused investment fund, Africa50, plans to finance the Ouaga-East thermal power plant, in Burkina Faso. With a capacity of 100MW, the plant will be built near the Ouaga II University.  “Talks to appoint a contracting firm for the thermal plant were held last week. Once, this firm is known, the next issue to be discussed is that of financing. We believe we can...