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Month: June 2015

Mali: Abu Dhabi Development Fund to finance a hybrid solar energy project

June 15, 2015 Steven Addamah 0

The Abu Dhabi Fund for Development (ADFD) signed a $ 9 million loan agreement with the Malian Government to finance the construction of a hybrid […]

Cotton: Burkina Faso to reach its 800,000t target according to Ecobank

June 15, 2015 Geraldine Boechat 0

The production target of 800.000 tons of cotton, set at the beginning of the campaign by the Inter-professional Cotton Association (AICB) of Burkina Faso is […]

King Mohammed VI, a leader who believes in the African miracle

June 13, 2015 Geraldine Boechat 0

King Mohammed VI of Morocco wound up on Friday his several-day African tour that took him successively to Senegal, Guinea Bissau, Côte d’Ivoire and Gabon, […]

Cameroon: MTN borrows CFA 60 billion to expand its 3G network

June 12, 2015 Steven Addamah 0

South Africa’s MTN, Cameroon’s leading mobile provider with nearly 10 million subscribers or about 60 percent of the market, said it has obtained a syndicated […]

Sinosteel, Tosyali to launch a $508Ml steel plant in Algeria

June 12, 2015 Geraldine Boechat 0

The Chinese company Sinosteel Engineering & Technology Co., Ltd. announced that its wholly-owned subsidiary sealed a contract with North Africa Tosyali Iron & Steel Industry […]

Nigeria: Sanusi to head Blackstone Africa energy fund

June 12, 2015 Khalid Al Mouahidi 0

Blackstone and Black Rhino, the giant private-equity firm, has revealed on Thursday, the appointment of  Lamido Sanusi, Emir of Kano and Former Governor of the […]

Ghana needs $15 bln over 10 yrs to close infrastructure gap, Vice President

June 11, 2015 Khalid Al Mouahidi 0

Ghana’s Vice President Kwesi Amissah-Arthur said at a forum of financial sector operators and private entrepreneurs in Dakar that Ghana requires some 15 billion dollars […]

Gabon to issue $ 500 million Eurobond to finance infrastructure projects

June 11, 2015 Geraldine Boechat 0

Gabon plans to raise at least $500 million via a new 10-year Eurobond at a 6.95% interest rate to fund infrastructure projects that will help […]

Energy : American Capital invests $ 85Mln in Senegal’s wind power project

June 11, 2015 Steven Addamah 0

American Capital Ltd., a private equity firm agreed to provide $85 million to help build the first utility-scale wind-power project in Senegal. American Capital Energy […]

CIB banking group bought Citigroup’s retail banking business in Egypt

June 11, 2015 Khalid Al Mouahidi 0

The Egyptian Commercial International Bank (CIB) announced in a statement the acquisition of the retail banking business of the American Citigroup in Egypt. The first […]

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