in Short

Rwanda, Tanzania, Kenya, and Uganda maintained their benchmark loan rates to commercial banks at 5.5 percent, 7 percent, 9 percent, and 10 percent, respectively, to promote increasing the investment in business and households, in addition to stimulating economic growth....

Subscribed to the National Development Plan of Togo, the construction of a new logistics park in Lome enters the execution phase, announces on its website Togo Invest, the Togolese state holding company. "The infrastructure will consist of a dedicated harbor access road, a secure gate complex at the edge of...

According to the United Nations Conference on Trade and Development (Unctad), Gabon has attracted $ 1.5 billion in Foreign Direct Investment (FDI) in 2018 compared to $ 700 million in 2017. After three years of declining growth, Gabon benefited from the weak recovery of the national economy in 2018, driven...

Journalist Audrey Pulvar announces the creation of an endowment fund for Africa. "AfricanPattern" is presented as a "do tank", with a mainly African scientific council (Philosophers Achille Mbembe , Souleymane Bachir Diagne, and anthropologist Abdourhamane Seck …), to support and finance projects.....

  The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to reduce by 100 basis points its rates which now stand at 15.75% as interest rate deposits, 16, 7% to borrowings and 16.25% as the main rate. "MPC has decided to reduce the key rates...

Marogolf, a subsidiary of the Onapar-Ametys group (holding Al Mada, former SNI), recently decided to boost its share capital from 300,000 to 10.3 million dirhams, announces Maghreb Intelligence. This capital increase was passed by the issue of 100,000 new shares worth 100 dirhams per share, say our sources. Marogolf is...

Tunisian Foreign Minister Khemais Jhinaoui and his counterpart, Ghanaian Minister Shirley Ayorkor Botchway, signed three new cooperation agreements in Tunis on February 18th , covering the creation of a joint Tunisian-Ghanaian committee and the organization of consultations ,in addition to policies to strengthen bilateral cooperation in sectors such as trade,...

The International Fund for Agricultural Development (IFAD) announced, on February 15, on the sidelines of IFAD's 42nd Governing Council held in Rome from February 14 to 15, 2019, called for the launch of its first impact funds "dedicated to the rural world. The Agricultural Entrepreneurship Investment Fund (ABC Fund) aims...

Total Gabon posted 2018 revenue at $ 905 million, down 1%, impacted by a 24% decline in volumes sold and a decline in services due to the sale of a network of pipelines. Reflecting the rise in the price of Brent, the average selling price of the two grades of...

The Japanese Nissan and its Algerian partner, the Hasnaoui group, announced on February 13th , 2019 the construction of a plant in the region of Oran for $ 160 million.1800direct jobs are expected.Algeria is the second largest automotive market on the continent behind South Africa....