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Month: June 2015

Tony Elumelu Foundation Welcomes 1000 Pan-African Entrepreneurs

June 30, 2015 Khalid Al Mouahidi 0

A thousand entrepreneurs selected from over 20,000 applicants from all over Africa are expected to converge in Nigeria for a two-day boot camp session. This […]

Tourism: Tunisia expects to lose over $500 Mln after Sousse’s attack

June 30, 2015 Khalid Al Mouahidi 0

The tourism sector of Tunisia expects to lose at least $515 million this year following last Friday’s attack on a Tunisian beach in Sousse, in […]

Angola’s central bank raises key interest rate

June 30, 2015 Geraldine Boechat 0

Angola’s central bank raised its benchmark Basic Interest Rate by 50 basis points to 9.75 percent, citing accelerating inflation but a slight deceleration in credit […]

Uganda’s inflation unchanged at 4.9 pct (State agency)

June 30, 2015 Khalid Al Mouahidi 0

Uganda’s inflation has remained unchanged at 4.9 percent year-on-year in June, thanks to a decrease in food prices, the statistics office said on Tuesday. According […]

Congo: IMF critics Glencore Unit copper license

June 29, 2015 Khalid Al Mouahidi 0

Gecamines, the Democratic Republic of Congo’s state-owned mining company, with a local partner sold a mining concession to Glencore Plc’s Mutanda copper and cobalt venture […]

Tanzania: Depleting water reserves to impact irrigated farming

June 29, 2015 Steven Addamah 0

Tanzania’s government plans to increase irrigated farming and the country’s high susceptibility to drought has resulted in low water reserves at two hydropower facilities, prompting […]

New IDA Loan to Connect 36,000 Liberians to electricity

June 29, 2015 Khalid Al Mouahidi 0

The World Bank Board of Executive Directors approved a new $60 million International Development Association (IDA) credit for the Government of Liberia, in West Africa. […]

Ghana: Investors are losing confidence (Opposition)

June 29, 2015 Khalid Al Mouahidi 0

The New Patriotic Party (NPP), an opposition party in Ghana said at a fund raising program this weekend in London that investors are fast losing […]

DRC cuts budget to face oil price drop

June 29, 2015 Geraldine Boechat 0

The Democratic Republic of Congo is planning steep cuts in spending across all parts of its current 2015 budget by nearly 12 percent to compensate […]

Moroccan Carrier increases its flights to Nouakchott to six a week

June 28, 2015 Khalid Al Mouahidi 0

The Moroccan carrier, Royal Air Maroc or RAM, will increase its Casablanca-Nouakchott flights to six a week as of next July 11 and projects to […]

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