African Manager

Nigerian apex bank releases another lists of debtors

The Central Bank of Nigeria (CBN) has released another l ist of individuals and corporate organisations who have collected loans running into ...

Committee recommends renegotiation of Ghana Telecom sale to Vodafone

A committee set up by the Ghana government to investigate the controversial sale of 70 per cent shares of state-owned Ghana Telecom (GT) ...

SA's Shoprite shuns Zim deal

A South African retailer said Thursday it had pulled o ut of a deal to acquire a similar business in Zimbabwe because of 'political uncertainty' ...

Libya's maritime show 'LIMEX 2009' begins

The second edition of the Libyan maritime show, "LIMEX 2 009", was flagged off Tuesday at the International Fair of Tripoli, with by ...

Kenyan Premier wants inter-Africa trade intensified

Kenyan Prime Minister Raila Odinga has challenged Africa n states to do more business among themselves instead of relying on trade with other ...

Namibia central bank leaves benchmark rate unchanged at 7 percent

The Bank of Namibia (BoN) Wednesday left its key benc hmark rate unchanged at 7 percent for the second consecutive time, citing recovery ...

EIB grants 120 million euro loan to Egypt

The European Investment Bank (EIB) has granted Egypt two loans, totalling 120 million euros, for various development projects in the ...

Tunisia to take part in Copenhagen Summit on climate change

Tunisia will take part in the Summit on Climate Change, due to take place in Copenhagen, Denmark, in December 2009. The summit is expected ...

HSBC MENA Fund to invest in Tunisia

HSBC Global Asset Management has introduced a Middle East and North Africa (MENA) fund. The launch of MENA fund witnessed ...

Tunisia currency reserves reach 13 240 million dinars

After the recent promulgation of a legislative financial framework Tunisia is moving closer to become an international financial hub. In a news conference held in Tunis,the Tunisian Central Bank Governor . Taoufik Baccar said that the country’s objectives are to promote international banking ...

Bahrain's GFH announces major shake-up

Gulf Finance House which operates Tunis Financial Harbour, has announced that it is splitting the company into two businesses.Gulf Finance House ...

Tunisia: Cargotec delivers 20 terminal tractors to STAMand starts to refurbish 13 straddle carriers

Cargotec has delivered 20 Kalmar terminal tractors to Soci�t� Tunisienne d'Acconage et de Manutention (STAM) for the port of Rades in Tunisia ...

Tunisian solar plan showcased in Brussels

A ministerial conference on cooperation in the field of renewable energy between the European Union, the Mediterranean and Gulf ...

The Minister of Tourism to Africanmanager: The 2009 season was barely fair

The 2009 tourist season is almost over. So far it was "fair", said the tourism minister in an exclusive interview to Africanmanager. Khalil Lajimi reviewed the results of the season and outlined prospects in light of the measures ...

Tunisia: A set of measures in favour of Tunisian economy and enterprises

President Zine El Abidine Ben Ali opened, on Sunday morning, the electoral campaign for the presidential and legislative elections. He presented a new programme which he placed under the motto “Together We Meet Challenges,” a programme for the coming five years (2009/2014), but at the same time one laying the ground for the stages to follow ...

Zimbabwe stock market register growth

In spite of a raging financial and liquidity crisis, t rading on the Zimbabwe Stock Exchange (ZSE) remains bullish, and netted US$48 million last month ...

Singaporean investors in Lagos

Some 30 Singaporean investors have visited Nigeria's eco nomic capital city of Lagos to explore investment ...

Namibia withdraws Nigerian bank�'s operating licence

The Bank of Namibia (BoN) has withdrawn a provisional banking licence issued to Nigeria's Bank PHB after realising that the Nigerian commercial ...

German airline, Lufthansa, to resume flights to Port Harcourt

German airline, Lufthansa, which suspended opera tions in Port Harcourt, capital of the South South Rivers State of Nigeria, in t h e wake of security ...

Banking, finance and services to lead UAE economic recovery

Senior executives from 25 reputed companies in the UAE believe banking and finance and services will lead the country out of the economic ...

Saudi investment climate good for power sector

The investment climate is good, but expect longer-term rather than shorter-term tenures and smaller Independent Water and Power Production ...

Nasdaq forms technology partnership with the Kuwait stock

The NASDAQ OMX Group, Inc. announced that it has signed an agreement with the Kuwait Stock Exchange (KSE) to provide trading technology ...

Egypt urban inflation rises to 10.8 % in September

The rising cost of food and drinks pushed Egypt's annual urban inflation back into double figures in September, its first rise in ten months, and almost guaranteed ...

Bahrain's GFH announces major shake-up

Gulf Finance House has announced that it is splitting the company into two businesses.Gulf Finance House (GFH), a leading Bahrain-based Islamic ...

Oman to base 2010 budget on $50 oil

Oman will base its 2010 budget on a projected average oil price of $50 a barrel, the national economy ministry said on Sunday, sparking calls for the government to take a less conservative approach ...

BOAD acquires shares in Cauris Croissance

The West African Development Bank (BOAD) on Thursday signed an agreement at its headquarters in Lome to take about 7 billion francs ...

Investments in Telecoms hit US$18b in Nigeria

Investments in the telecommunications sector in the past eight years of the Global System for Mobile Communications (GSM) in Nigeria has ...

Zimbabwe seeks diamond help from Angola, Namibia

Zimbabwe, threatened with a diamond trade ban, is seek ing help from Angola and Namibia on how to tighten security at its mines and stop leakage ...

Fuel prices may go up in Nigeria

The prices of petroleum products may go up in Nigeria 1 Nov., the date set for the takeoff of the government's plan to deregulate the ...

Cadbury dismisses speculation of relocation from Nigeria

Confectionery and Food ma nufacturing giant, Cadbury Ni geria Plc, on Tuesday dismissed speculations that it intends to relocate its ...

Tunisia: The Enfidha Industrial Park, a logistics hub in the heart of the Mediterranean

The building of a new international airport in the region Enfidha, due to be operational in October and the construction of a deepwater port a few miles from the airport area predestined Enfidha to become an area of logistics for multimodal transport. ...

Tunisia: Promoting Tunisian expertise in the technological field

A Tunisian-Japanese symposium on the specification and validation of computer systems was recently held in the northern suburb of Tunis ...

Tunisia: CETTEX joins� Med-Test� project

With initiation from the Technical Textiles Centre (CETTEX), the Leather and Footwear National Center (CNCC) and the Technical Food Center ...

Rwanda tops WB report ''Doing Business 2010''

"For the first time, a sub-Saharan African economy, Rwan da, is the world's top reformer of business regulation - making it easier to sta r t businesses ...

Tunisia: Bio farming land up to 285,000 hectares*

A seminar on “The reality and prospects of biological farming in Tunisia”, was held recently in Kairouan, with a focus on Tunisia’s plans to ...

Tunisia a safe and sensible place to Invest

Tunisia may not immediately top the untrained investor’s list of good places to invest in. Most people think of a far away desert country much removed ...

Tunisia a safe and sensible place to Invest

Tunisia may not immediately top the untrained investor’s list of good places to invest in. Most people think of a far away desert country much removed ...

6 die in Brazzaville air crash

Six people died on Wednesday morning in the south su b-urban Brazzaville, when an Antonov 12 cargo plane flying from Pointe-Noire (so u th) to the ...

Airlines may raise domestic flight fares in Nigeria

Fares for domestic flights in Nigeria may go up soon aft er oil marketers raised the fuel of aviation fuel by 12 per cent, the local press reported ...

UBA to open office in Chad

The United Bank for Africa (UBA) will open its head off ice in Ndjamena, Chad, in August, the Managing Director, Rachid Outlaw, told ...

UN economic summit targets developing nations

The UN is set to begin a three-day, high-level meeting in New York, US, on Wednesday that is aimed at helping developing nations deal ...

BADEA gives DR Congo US$6m loan for school project

The Arab Bank for Economic Development in Africa (BADEA ) has given a US$6 million loan to the Democratic Republic of Congo ...

Experts discuss financial crises in Africa

African experts on economic issues held a debate in Cair o, Egypt, on policy measures required to tackle the current economic crisis ...

Workshop on ECOWAS Wide Area Network opens in Accra

A workshop for the ECOWAS ICT Task-Force and communicati on experts from the ECOWAS Member States as well as officials of the ECOWAS ...

Nigerian Senate confirms Sanusi as gov of Central bank

The Nigerian Senate on Wednesday confirmed the nominatio ns of Sanusi Lamido Sanusi and Lemo Babatunde Olakunle as governor and deputy ...

3 more Africans confirmed on board missing Air France plane

At least three more Africans, two Moroccans and a Gambian , have been confirmed to be among the 216 passengers of the French Airbus ...

Qatar to lead IT sector in region

With the very encouraging reports from various think-tanks and Qatar at the helm of development in different sectors, the country�s Information Technology ...

Trans-Arab railway still on paper

More than 30 years after a body was set up to assess the viability of a trans-Arab railway project the idea still remains on paper. It was way back ...

Tunisia / United Nations Millennium: The shadow of the international crisis

For its first major media event, the United Nations Office in Tunis has chosen, rightly, the theme of "The Millennium Development Goals (MDGs). . Having been adopted in September 2000, Millennium, however has not lost its topicality, being due to continue until 2015 ...

Commission for Africa establishes fund for African youth

The Commission for Africa, set up in 2008 by Denmark, ha s established a fund for the African youth, the African Development Bank (AfDB) ...

Africa, a solution to international financial crisis - President Wade

Africa, endowed with immense resources in human and raw materials, “constitutes the positive response to the current international finan ...

Tunisia: Seminar on China\Arab relations

The third seminar on China-Arab relations and civilizations within the framework of the Sino-Arab Cooperation Forum (SACF) is set to be held in Tunis. ...

Tunisia showcases its halal products at ''Mihas 2009''

Tunisia is participating for the first time in the sixth Malaysia International Halal Showcase (MIHAS) 2009 which took off Wednesday at the Matrade ...

SIFE programme launched in Tunisia

The Centre for Young Heads of Enterprise (CJD) stemming from the Tunisian Industry, Trade and Handicrafts Union (UTICA) Tuesday launched ...

SIFE programme launched in Tunisia

The Centre for Young Heads of Enterprise (CJD) stemming from the Tunisian Industry, Trade and Handicrafts Union (UTICA) Tuesday launched ...

Libya woos German, European investors

Libya's Secretary for Industry, Mohamed Haweji, has call ed for more investments in the country from Germany and other European nations ...

IMF says sub-Sahara Africa seriously hit by economic crisis

The IMF on Friday said that sub-Sahara Africa was ser iously affected by the current global financial crisis. The Pan African News Agency ...

Oman�s largest IT expo Comex 2009 goes green

COMEX 2009, Oman’s largest IT, Telecom and Technology Expo, is all set to be held from May 25 to 29 at the Oman International Exhibition Centre ...

Libyan Foreign Bank eyes capital hike, acquisitions

State-owned Libyan Foreign Bank (LFB) plans to raise its capital 10-fold to $10 billion to finance acquisitions in Europe and Africa and will up its ...

Egypt to invest more than USD 2.7 billion in power production

Hassan Yunis Egypt’s minister of electricity as saying that Egypt has earmarked almost EGP 16 billion for investment in electricity for the FY 2009-2010.

Gas Powers Dramatic Qatar Economic Growth

Qatar's economy made massive strides in 2008 as gas production enabled the tiny Gulf state to mitigate the impact of the global meltdown, a Kuwaiti ...

Dubai recorded the highest growth during 2001-07.

Abu Dhabi maintained its position as the largest economy in the UAE while Dubai recorded the highest growth during 2001-07. The report gave no figures ...

Heavy investments boost the UAE economy

Heavy investments boosted the UAE economy by at least 20 per cent in current prices during the oil boom of the past eight years to catapult the ...

Libya, Singapore sign cooperation agreements

Libya and Singapore on Wednesday signed two agreements i n Tripoli on investment promotion and protection, and avoidance of non-double ...

UN says global economic crisis threatens human development

As leaders of the G-20 nations meet Thursday in London, th e UN has warned that the current global economic crisis is threatening to unleas ...

ICT�s : Davos Forum ranks Tunisia first in Maghreb and Africa

Tunisia has been ranked, for the third year in a row, by the Davos World Report on Information and Communication Technologies (ICTs, 2008-2009), first on the Maghreb and African ...

Brussels hosts forum on global financial crisis

An international forum on the global financial crisis will be held 2 and 3 April in the European Parliament in Brussels, under the ch a irmanship of former ...

Seminar in Malta on Tunisian business opportunities

A seminar on business opportunities in Tunisia was organised on Tuesday in Malta, on the occasion of the convening in Malta of 7th session of the Maltese ...

AfDB training workshop opens in Dakar

A training workshop on the participation and involvement of the civil society in the implementation of projects by the African Development Bank ...

AfDB grants 8.7 billion CFAF to Mali

For being eligible for the award of grants under the Afric an Development Fund (ADF), Mali has received an additional 8.7 billion CFAF (abo u t US$ ...

Tunisia: The dinar stable against euro

The interest rate on the money market came at 4.47% in February 2009, following reduction of the key rate of the Central Bank. From the beginning ...

Tunisia top destination for foreign investment in real estate in 2009, according to the ...

Goldberg and Partners in Spain have teamed up with Tunisian building company to market a new 5 star development in Tunisia. ...

DFM awarded Durrat Al Bahrain project

Ahead of its first day of listing on the Dubai Financial Market (DFM), Drake & Scull International PJSC (DSI) announces that it has been awarded its ...

Experts suggest ways out of Nigeria's energy crisis

For Nigeria to overcome its current power shortages and achieve the objective of being among the top 20 economies in the world by 2020 ...

Ghana, BADEA sign US$6m loan pact

The Arab Bank for Economic Development in Africa (BADEA) and the Republic of Ghana have signed a loan agreement worth US$6 million ...

Air Maroc withdraws from partnership with Air Senegal

Royal Air Maroc (RAM) has announced its disengagement fr om Air Senegal International (ASI), with effect from 30 June 2009, after nine ...

Tunisia: GIF eyes Algeria watchs Ouyahia circular.

Gif, company listed on the Tunis Stock Exchange and specializing in car filters manufacturing, has just made public its project for a major industrial ...

Tunisia: Promulgation of the bill on energy saving

Tunis, February 9, 2009- Receiving Prime Minister, Mohamed Ghannouchi on Monday, President Zine El Abidine Ben Ali signed the promulgation ...

Namibia will not benefit from 2010 tourism deluge

Namibia, a regional tourism hotspot, has very little to look forward to in next year's anticipated tourism deluge, when millions of tourists are expected ...

Americans endorse Kenya as tourist destination

As Kenya steps up its campaign to ride on the current wa ve of publicity as the heritage of the new US President Barack Obama, prominent ...

Tunisia : Setting up a price-regulation system of oil products on the domestic market

When receiving on Tuesday Prime minster Mohamed Ghannouchi, Tunisian Head of State ordered to set up a price-regulation system of oil products ...

Tunisia: 300 exhibitors expected at "MEDIBAT 2009�

The preparations for the tenth edition of the Mediterranean Building Exhibition "MEDIBAT 2009» in Sfax, , from 4 to 7 March 2009 are accelerating. ...

Tunisia: Pay rise negotiations not yet completed in 21 sectors

Of more than 50 industries involved in wage negotiations in the private sector between employers and unions, 21 sectors or industries have not yet completed ...

Tunisia: ultrasound, electrocardiographs, autoclaves .... not complying

In less than a year, the unit responsible for the approval of medical devices within CETIME, the mechanical and electrical industry technical centre ...

Tunisia: Rural cottages in Medenine

The Association for Sustainable Development of Tunisia, has set up recently in the Governorate of Medenine an innovation programme in hard rural areas ...

Gambia makes deal with Africa Cable

Gambia has entered into a deal with the Africa Cable to Europe (ACE) for the provision of a submarine cable landing point for the tiny W e st African country, authoritative sources in Banjul confirmed to PANA Sunday.

Africa, the star at London Mining Summit.

London will be on December 3rd the capital of the African mining sector. Organised by Mining Communications Ltd, the company editing the Mining ...

Zimbabwe workers get tax relief to ease economic pains

The Zimbabwean government Monday increased the tax-fre e threshhold for workers from Z$200 000 (US$ 1=Z$ 1.4 million) to Z$ 35 million ...

Ethiopia to accelerate export trade amid soaring earnings

Ethiopia's export earnings shot up by 25 per cent to hit US$ 1.5 billion, up from US$ 1.2 billion last year, as Prime Minister Me l es Zenawi launched ...

President Compaor� not satisfied with air transportation in Africa

The Burkinabe President, Blaise Compaor�, say s he is not satisfied with the situation of air transport in Africa, pointing ou t , however, that there are "reasons to place ...

Suez Canal under threat from Somali piracy

The increase in piracy off t he coast of Somalia that has l eft dozens of ships hijacked this year is threatening one of Egypt's main source s of income,

Egyptian bottling company suing Coca-Cola

Egyptian bottling company, S ociete Nationale D'Industires Nutritave (SONUT), is suing Atlanta-based Coca-Cola for US$ 200 million, claiming ...

267 companies to take part in Maghreb trade fair

About 267 exhibitors will take part in the maiden edit ion of the Maghreb trade fair taking place in Algeria from 26 November to 1 Dece m ber ...

Danish anti-poverty plan targets 15 mln new jobs in Africa

The Africa Commission, a new economic blueprint f or Africa, is targeting the creation of 10-15 million jobs in Africa through a s e ries of measures ...

Morocco to take part in Algiers fair

A Moroccan economic mission will take part in the first edition of the Maghreb Fair in Algiers, to be held from 26 November to 1 Decembe r , according to a statement ...

Brazzaville airport gets 3 billion FCFA for equipment

The Central African States Development Bank (BDEAC) has granted a loan of 3 billion FCFA (US$6 million) to the Agency for the Safety ...

Air Mauritius, Malaysia Airlines renew code sharing pact

Air Mauritius and Malaysian Airlines have strengthened their partnership by signing a new agreement this week, PANA reported. ...

ADB publishes statistics on global financial crisis

The African Development Bank (ADB) Thursday started the daily publication of statistics on the current global financial crisis, the bank said in a statement. ...

Financial turmoil: Nigerian banks offer to bail out African airlines

Nigerian commercial banks have offered to finance African airlines, whose cash needs for fleet modernization and route expansion is currently ...

Ping demands financial rescue package for Africa

The African Union (AU) has demanded a financial rescue package designed to help African exporters who rely on earnings from the West ...

Tunisia : The 10 less profitable in the Stock Market.

According to figures, published recently by the ‘Bourse des Valeurs Mobilières’ of Tunis, the month of October was a black period for some quoted ...

Tunisia : Over 43 % decrease in the foreign participations in October.

The Tunis Stock Market was affected by the international financial crisis. According to the figures of the Tunis Stock Market and relating to the main ...

Tunisia : 20 million euro loss for Accor !

The Managing Director of Accor Hospitality for Egypt, Algeria and Tunisia, Thierry de Jaham, announced during a press conference held on November ...

Tunisia : Towards a 5 % growth rate.

The Tunisian economy is a sound and stable economy, it is an economy that resists to the international financial crisis, confirmed Mr Mohamed Ghannouchi ...

Tunisia : Somocer plunges again and Tunisair falls under 3 DT.

For the second consecutive day, the Tunis Stock Market ended on a note of stability while the world markets continue their descent. Indeed, ...

Huge fall in the raw material prices.

Since the start of the crisis, the Group of the ADB elaborated an inter-departmental working group in charge of following up the crisis, in Africa and in the rest ...

UN Scribe charges Africa on commodity processing

United Nations Secretary General, Ban Ki-moon, has calle d on African leaders to make efforts in processing agricultural commodities into ...

Pay hike for Zambian President, others

The Zambian parliament has increased salaries and allowances for the president, ministers, deputy ministers, members of parliament and other constitutional ...

Tunisia : One more offer for Stia!

It would seem that nearing the deadline for submitting the bids for the purchase of Stia, the involved services at the Tunisian Secretariat in charge of privatisation ...

Tunisia : Hannibal Lease opens its capital to Kipco and to the kuwaiti Almel.

The leasing enterprise of the Group Djilani, Hannibal Lease, increased its capital from 10 to 20 MDT. This strengtheneing of the financial capacities of Hannibal ...

Tunisia : A civil nuclear station of 1000 Megawatt and two sites are selected.

The French Embassy will hold, on November 26-27 2008, a seminar to present French technology in terms of electric production using the civil ...

Tunisia : Unhappy, Lahmar accuses and threatens to go on �the quote�.

Making an appeal to the request of the intermediary association in the stock market, the company Sopat held yesterday, Monday November 17th 2008 ...

Tunisia : More business than talk during the enterprise days !

During the press conference organised at the Institute of the Enterprise, Ch�kib Nouira announced a radical change in the programme of the enterprise ...

Tunisia : 20 MDT and 500 jobs to take.

The activities of the Sfax Forum on Investment are taking place today, (Thursday, November 20th 2008) under the chairmanship of Taoufik Baccar ...

Tunisia : Mustapha Mezghenni organises his 3rd Outsourcing Exhibition.

The third Outsourcing session, exhibition for the externalisation of functions and services, will take place from 15 to 17 April 2009 in Tunis. It was initially ...

Algeria : DP World of Duba� buys two container terminals for 84 million euros.

The company DP World of Dubaï obtained the concession for 30 years of two container terminals in the ports of Algiers and Djen Djen, will invest about ...

Morocco : The BCP buys Upline business bank for 70 million euros.

Made public lately in Casablanca, the buyout of the business bank Upline the group Banque Centrale Populaire was done, according to our information,at 749 ...

Morocco: 33,8 million euros for water.

The African Development Bank (ADB) has approved a loan of about 97 million dollars (33,84 million euros and 53,34 million dollars) to finance the tenth project ...

Nairobi bourse chief's resignation confirmed

Although the Nairobi Stock Exchange (NSE) Chief Chris Mw ebesa resigned a month ago, it was only on Wednesday that the press got wind of t he abrupt end of his reign. ...

Spanish investors explore Senegalese market

A forum on tourism, food, industry, energy and construct ion opened Wednesday in Dakar under the aegis of the Chamber of Commerce, Indust r y and ...

Lome hosts symposium on investment security in Africa

Concerned over the current financial crisis in the world, bu sinessmen in Togo organised a one-day meeting Tuesday to suggest ways to secure i nvestments in Africa ...

Ecobank Group celebrates 20th Anniversary

Ecobank Transnational Incorporated (ETI), the parent com pany of the Ecobank Group, celebrated its 20th anniversary Wednesday, breaking g r ound ...

BADEA meets effective Arab-African partnership

The second meeting of Arab and African consulting engine ers opened here Wednesday with the participation of 100 experts and representati v es of regional ...

Ethiopian Airlines' profits to soar despite global financial crisis

The Ethiopian Airlines' projects its earnings wil l soar to US$ 1.2 billion in the current financial year with a profit margin of m ore than US$ 50 million anticipated ...

Brazzaville hosts CEMAC telecom ministers in December

Ministers of Telecommunications and Communication Te chnologies from the Central African Economic and Monetary Community (CEMAC) will ...

Congo, Burkina Faso strike air transport deal

Congo and Burkina Faso have struck a bilateral agreement aimed at linking Pointe-Noire, Congo's economic centre and second largest city

African leaders caution against aid freezes as financial crisis bites

The financial crisis facing the world should not be addressed to the exclusion of the rest of the challenges facing the African continent, including the need ...

Sub-regional bank plans more branches in member states

The president of the Central African Development Bank (BDEAC), Anicet George Dologu�l�, has announced plans by the financial institution ...

African airline chiefs worry over financial turmoil

African airline chiefs meeting here Wednesday have expressed concern that the escalating financial crisis in the Western world is creating a fertile ground ...

Kenya moots new policy on private/public sector partnership

The Kenyan Ministry of Trade says it is in the process o f formulating a new policy that seeks to coordinate private sector development act ivities

Tunisia : Zodiac maintains its new installation.

Olivier Zarrouati, declared that the French aeronautic constructor « Zodiac » has known a stability of its consolidated sales ...

Tunisia : DSK, IMF president, in Tunisia.

The relations between Tunisia and the IMF have been for a long time very good and the Fund, which confirmed, on many occasions, the capacity of the Tunisian economy ...

Tunisia : No �gifts� for the Star clients, which is celebrating its fiftieth birthday !

A press conference, almost useless, as there was nothing new in it that was not known by all the Tunisian financial sphere ...

Tunisia : The Magasin G�n�ral takes over all Promogro.

We published, some weeks ago, that the group Mabrouk had bought the shares of Mohamed Moncef Belhajmbarek in the capital of the large retail store Promogro and which was 35 %. ...

Tunisia : A solar station at the end of the 11th Plan.

Tunisia is building a small solar station by the end of the 11th plan, whose site will be situated probably in the South, said the Managing Director of the STEG ...

Tunisia : Alsthom will extend Ghannouche.

The Summer 2011, a huge project, according to Othmane Ben Arfa, C.E.O of the Steg in an interview with the Agency TAP, will be operational ...

Tunisia : General Electric will build two electric stations at Feriana and Thyna

Tunisia and the Islamic Development Bank (IDB) signed, in margin of the last Tunis Economic Forum, a loan agreement, for the construction of two stations for the production of electricity ...

Tunisia : A Spanish loan for two wind mills in Bizerta.

Tunisia decided to build at leasttwo fields of wind mills in the regions of M�tline and K�rchabta in the North of the country, aiming at producing about 400,000 MWH renewable electricity annually.

Tunisia : The crisis could deteriorate the banks profitability, according to Fitch.

the international financial crisis will probably have a limited impact on North-African banks and that this impact should widely limited on the Tunisian ...

Tunisia : The STB will not be among the good performers of 2009.

Raising the Tunisian bank coverage ratE, in its last magazine ‘Recherche’, ‘Tunisie Valeurs’ evaluated it to June 30th at 58%, against 54% ...

Tunisia : Still problems with the cards, even the intelligent ones.

A consumer who decided to take seriously the apostles of using the payment card and who also decided that his card was intelligent ...

Nigeria : The group Dangote wants to try the cement.

Dangote Cement, which belongs to the Nigerian billionnaire Aliko Dangote, will invest again 3,5 billion dollars in the cement industry of Nigeria. The information ...

Tunisia : The group Kilani buys Ganz CMG in Gab�s.

In partnership with an investment company of the region, the group Kilani from Gabès has accomplished all the legal procedures for the takeover

Algeria seeks free trade deal with West African countries

Algeria is working on signing fre e trade agreements with the We st African Economic and Monetary Union (UEMOA) countries.

Fuel prices to go up in Togo

After a FCFA10-billion subsidy on fuel prices between January and April 2008, the Togolese government has announced it could no longer maintain the current fuel prices

Yar'Adua signs 2008 budget Monday

After almost five months' delay, Nigeria's President Umaru Yar'Adua is billed to sign into law the country's budget for 2008 Monday (today).

Ghana signs agreement to host UNCTAD meeting

Ghana signed an agreement to host the 12th summit of United Nations Conference on Trade and Agreement (UNCTAD 12) in Accra next year

Ghana signs controversial EPAs

Ghana signed the controversial interim Economic Partnership Agreements or EPA-lite with the European Commission, despite opposition from pressure groups such as the labour movement and civil society organizations

BADEA loans Cameroon US$ 8 million

The Arab Bank for Economic Development in Africa (BADEA), has loaned Cameroon US$ 8 million to finance the Manki-Magba-Mape bridge section of the Foumban-Magba road

Ethiopia may top the world in specialty coffee

Ethiopia is on the verge of becoming one of the leading forces in the specialty coffee market going by the support it is receiving from Starbucks Corporation, one of the world's largest specialty coffee companies

Mozambican parliament begins debate on new tax law

The Mozambican parliament on Thursday passed the first reading of a government bill amending the tax codes, which, it said, was to simplify the country's tax system and make it more socially just

Experts discuss oil, gas quality standards in North Africa

A workshop on quality standards in the North African oil and gas industry opened with some 200 researchers and experts on oil and gas quality standards from Algeria, Qatar, Jordan, Egypt, France, Austria, Great Britain, Brazil and Libya attending

'Lake Kivu can be vital energy source in the DRC'

The Lake Kivu, with its renewable methane reserves estimated at 55 billion cubic metres and nearly 40 billion tonnes as much in oil, could be a significant source of energy for the Democratic Republic of Congo

Stable income for farmers top agenda as cocoa producers meet

Ensuring stable income for farmers is high on the agenda as the 70th General Assembly of member countries of the Cocoa Producer Alliance (COPAL) opened in Accra

Demand for US dollar soars in Nigeria

Demand for the US dollar soared this week at the two dutch auctions of foreign exchange conducted by the Central Bank of Nigeria (CBN), with US$343 million sold at the auctions, against US$168 million traded last week.

Ryanair to operate Marseille-Morocco flights

Irish low-cost airline Ryanair has decided to operate flights from the southern French city of Marseille to Marrakech and Fes, in southern and eastern Morocco respectively, from 30 October, a reliable source told PANA here Friday.

Partner forum on Guinea set Tuesday in Paris

A two-day forum intended to enlist support from the international community for the economic programme of Guinea Prime Minister Lansana Kouyate will Tuesday open in Paris, the World Bank office affirmed Friday.

Morocco : 350 African bankers, experts for Marrakech e-banking forum

An African forum on electronic banking will hold 26-27 April in Marrakech, gathering more than 350 bankers representing several countries on the continent

Namibia : apex bank forecast trade surplus

Namibia will for the first time realise a trade surplus of 1.7 percent of GDP in 2006 and the country's economy, spurred by mining, is expected to grow by a robust 4.8 percent in 2007 from 4.6 percent recorded in 2006, according to Namibia's central bank.