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Nigeria:Notore begins Turn Around Maintenance of plant
Nigeria.
Energy.Africa’s leading chemical and agro-allied company, Notore Chemical Industries Plc, has announced the commencement of the Turn Around Maintenance (“TAM”) of its plant.It also said the plant has been shut down.According to a disclosure sent to the Nigerian Stock Exchange, the TAM is aimed at returning...
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Master The Trade: Master Your Money and Mindset For Investing in 2021
Tunisia.
Social entrepreneurship.This conference will prepare you to trade successfully for 2021, and introduce you to several asset classes of investing.About this EventWhat happens when all your favorite investors come together?A one day conference full of leaders and hustlers ready to show you what the world of investing has for...
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Egypt emerges as one of region’s biggest transformation stories: JLL
Egypt.
Business Climate. Construction & Real Estate.The Egyptian market is considered one of the “biggest transformation” stories across the region, despite the challenges seen in 2020, according to a JLL report.The positive view was driven by a “strong government commitment” to develop infrastructure, in line with enhancing private sector partnershi...
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Tunisia: Tenth anniversary of Revolution, per capita income dropped 30%
Tunisia.
Business Climate.Tunisia suffered an economic slump ten years after the Revolution with all sectors, without exception, bearing the brunt of the crisis. In an interview with TAP, economic expert and CEO of Comete Engineering Group Radhi Meddeb made an analysis of the evolution of the economic state of affairs o...
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Tunisia: Flat6Labs - Startups Career Jam 4.0
Tunisia.
Social entrepreneurship.Flat6Labs Tunis is hosting its 4th Startup Career Jam.For reasons we all know, this 4th edition will be 100% virtual. Nevertheless, it will be a unique one as well as it will take place for 3 DAYS!!!We also have a new partner, OST, with whom we are working hand in hand to give you the best experienc...
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Tunisia: External debt service fell by 62% as of January 10, 2021 (BCT)
Tunisia.
Business Climate.Cumulated external debt services fell by nearly 62% during the first ten days of January 2021, compared to the same period in 2020, stabilising at 57.8 million dinars (MD), according to the latest statistics published Wednesday by the Central Bank of Tunisia (BCT).In turn, tourism incomes declined b...
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Tunisia: Food trade balance posts deficit of 859.4 MD in 2020
Tunisia.
Agri-Food.The food trade balance recorded a deficit of 859.4 million dinars in 2020, against a deficit of 1,425.7 MD during 2019, posting a coverage rate of 84.9% in 2020 from 74.9% in 2019, according to data published by ONAGRI Wednesday.In value, food exports went up 14.1%, while imports fell by 0.6%....
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Nigeria Restates Commitment To OPEC+ Agreement
Nigeria.
Energy.The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market.The Group Managing Director of NNPC, Mallam Mele Kyari, stat...
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Egypt : ITFC to provide Egypt with $1.1 bln in finance solutions for 2021
Egypt.
Bank & Finance.The International Islamic Trade Finance Corporation (ITFC) is set to extend $1.1 billion in financing solutions to Egypt in 2021.Through a virtual event, Egypt’s Minister of Planning and Economic Development and Egypt’s governor at the ITFC, Hala El-Said, with the ministers of international cooperat...
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Nigeria:Repairing refineries, key to Nigeria’s economic prospects in 2021
Nigeria.
Energy.Dr Titus Okunrounmu, a former Director, Budgetary Department of the Central Bank of Nigeria, CBN, has called on the Federal Government to make concerted efforts at repairing the nation’s refineries for good economic performance in 2021.Mr Okunrounmu, who made the call in an interview with the News...
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Nigeria:Firm Energises Lagos Clinics
Nigeria.
Health. Energy.ZOLA Electric Nigeria said it has donated solar power systems to some Primary Health Centres (PHC) in Lagos State.It said it was to provide uninterrupted power supply for the improved operations for the centres to help fight the resurgence of the COVID-19 pandemic.As Nigeria’s COVID-19 cases hit 100...
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Egypt : Government pledges EGP 50M for digital transformation
Egypt.
Information technology. Bank & Finance.ArabFinance: The Egyptian government is allocating EGP 50 million in funds for the launch of the Digital Egypt Builders initiative, according to an official statement.Minister of Planning and Economic Development Hala el Said approved the funds to be given to the communications ministry fr...
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Nigeria:Agric-Based SMEs To Get 6 Years Tax Holiday
Nigeria.
Bank & Finance. Agri-Food.West Africa Tax leader and member of PwC Global Board for Leadership Development, Mr Taiwo Oyedele, has revealed that Small and Medium Enterprises (SMEs) and other small companies in agricultural production may be granted pioneer status for almost six years.This disclosure was made in a tweet shared...
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Egypt’s international reserves jump to $40 bln for first time since October: CBE
Egypt.
Bank & Finance.Egypt’s net international reserves (NIRs) rose to $40.06 billion by the end of December 2020, up from $39.2 billion recorded in October and November, the Central Bank of Egypt announced on Tuesday.This is the first time the NIRs have increased since October.In the beginning of November, the CBE anno...
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Nigeria’s economy to grow by 1.1% this year, says World Bank
Nigeria.
Bank & Finance.The economy could recover from last year’s COVID-19 losses in the next 12 months if vaccination spread across the globe this year as expected, projections by the World Bank have suggested.The Bank projected, in its January 2021 Global Economic Prospects released yesterday, that Nigeria’s economy wil...
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Egypt's revenues reach LE975.4B in 2019/20
Egypt.
Bank & Finance. Business Climate.CAIRO – 24 December 2020: Egypt’s total revenues hiked 3.6 percent during 2019/2020, reaching LE 975.4 billion, compared to LE 941.9 billion in 2018/2019, according to Ministry of Finance. The ministry clarified in the concluding statement of the general state budget for 2019/2020&nb...
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Egypt : EGX ends Wednesday in green, market cap. gains LE 3.97B
Egypt.
Bank & Finance. Business Climate.CAIRO – 23 December 2020: The Egyptian Exchange (EGX) ended Wednesday’s session in green, adding LE 3.97 billion to market capitalization, amid Egyptian and foreign purchases. The benchmark EGX30 rose 0.20 percent, or 21.60 points, to close at 10,677.51 points. The equally weighted index E...
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Nigeria:Smartphone Firms To Open Plants In Nigeria — Sylva
Nigeria.
Information technology.The Minister of State for Petroleum Resources, Timipre Sylva, has said major international smartphone industries will soon establish assembling plants in Nigeria.Sylva spoke at the graduation ceremony of 1000 youths trained on GSM phone repairs, maintenance, software and hardware specialisation in K...
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Nigeria:New project to add N2.8tr to Nigeria’s economy
Nigeria.
Energy.Facility to provide 3.5m megawatts electricity in 25yrs About N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). This revenue is expec...
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Egypt’s drops 4 positions in global innovation index 2020, maintains 14th place among LM countries
Egypt.
Business Climate.Egypt’s has dropped in rank on the global innovation index (GII) from 92nd place in 2019 to 96th for 2020, while the country has maintained its 14th place among Lower-Middle (LM) income countries.On the other hand, the GII report showed that Egypt has moved up from 106th place to 104th in the innova...
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Nigeria:Daily Trust Economists To FG, Woo Investors In Agric, Trade, Others To Reflate Economy
Nigeria.
Advice & Training.The Daily Trust Board of Economists has advised the Federal Government to woo investors in the agriculture, trade, telecommunications, manufacturing, oil and gas and the real estate sector to aid the quick recovery of the economy from the current recession.This was contained in a communiqué issued b...
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Nigeria:Bank boosts SMEs with N23.96bn loan in 12 months
Nigeria.
Bank & Finance.In its commitment to growing the small and medium scale enterprises (SMEs), SunTrust Bank gave out N23.96 billion as loans and advances to the sector in 2019.The information was contained in the bank’s annual report made available to The Guardian at the weekend. The Chairman, Olanrewaju Shittu, whil...
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Egypt aims to increase percentage of local component to 60% in auto industry
Egypt.
Industry.CAIRO – 20 December 2020: Egypt has a clear strategy to localize the auto industry in Egypt, and the current stage is witnessing an increase in the percentage of the local component in the auto industry to 45 percent, Minister of State for Egyptian Military Production Mohamed Ahmed Morsy said Sunday...
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Algeria:Tourism: Partnership agreement, for new technologies’ use, inked
Algeria.
Tourism & leisure.ALGIERS- A partnership agreement was signed, on Thursday in Algiers, between the National Tourism Office (ONT) and the Youth and Start-up Forum (FJS) on the establishment of a strategy for the use new technologies and digital in the promotion of the tourist destination Algeria.This agreement was sig...
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Nigeria:NEPC urges women to leverage AfCFTA
Nigeria.
Business Climate. Social entrepreneurship.The Nigerian Export Promotion Council (NEPC) has called on women entrepreneurs to take advantage of the soon-to-be-enforced African Continental Free Trade Agreement (AfCFTA) to boost their standard of living.The southeast regional coordinator of the NEPC, Arnold Jackson made the call on Wednesday in...
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Egypt’s banks assets recover, near-term risks to FC funding, liquidity profiles recede: Fitch Ratings
Egypt.
Bank & Finance. Business Climate.Egyptian banking sector's net foreign assets have recovered from the lows it had witnessed because of the COVID-19 crisis, driven by the return of foreign inflows to Egyptian capital markets, according to Fitch Ratings.In recent insights, released on Tuesday, Fitch Ratings said that the sector's net...
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Egypt negotiates for 1,000 MW renewable energy projects: Electricity Minister to DNE
Egypt.
Energy. Environment.Egypt’s Ministry of Electricity and Renewable Energy is negotiating for new renewable energy projects with a total capacity of 1,000 MW, Mohamed Shaker, Minister of Electricity, on Wednesday told Daily News Egypt.Contracts of some of these projects, with a total capacity of 400 MW, are scheduled to...
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Nigeria:E-Commerce, Firm Targets 10,000 Merchants
Nigeria.
Information technology.An indigenous financial technology startup, Shago Payments Limited, said yesterday it was working to bring over 10,000 merchants on its platform within the next one year.The firm which currently has over 3000 agents on its e-commerce and payment platform connected with over 25 billers vowed to deepe...
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Nigeria:2500 Research Products Flood Markets — Minister
Nigeria.
Advice & Training.The Minister of Science and Technology, Dr. Ogbonnaya Onu has said over 2500 research products from Nigerian start-ups have flooded markets.According to a statement, he said the start-ups were trained by the National Board for Technology Incubation (NBTI), an agency of the Federal Ministry of Scienc...
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Nigeria:Nestlé S.A invests N147.8 million in shares of its Nigerian subsidiary
Nigeria.
Agri-Food.The consumer goods giant, Nestlé S.A has invested an additional N147.8 million in shares of its Nigerian Subsidiary (Nestlé Nigeria Plc).This disclosure was made by Nestlé Nigeria Plc, in a notification issued and signed by the Company’s Secretary, Bode Ayeku.Mr. Ayeku disclosed that Nestlé S.A acqu...
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Egypt : UNWTO, Google host Tourism Acceleration Program in MENA
Egypt.
Information technology. Business Climate. Tourism & leisure.CAIRO – 14 December 2020: The United Nations World Tourism Organization (UNWTO) hosted Thursday the second edition of the global Tourism Acceleration Program in the MENA region. The program, which comes in partnership with Google, designed to boost innova...
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Egypt:Govt investments worth LE47B for Upper Egyptian governorates in 2020/2021: Planning min
Egypt.
Bank & Finance.Minister of Planning Hala el Saeed said that there are governmental investment worth LE 47 billion during the fiscal 2020/2021 for the Upper Egyptian governorates.The amount represents 25 percent of the total governmental investment distributed and represents 50 percent of 2019/2020 plan, she said. ...
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TUNISIA:EU to announce "ADAPT" programme for small farmers and fishermen December 11
Tunisia. Europe.
Bank & Finance. Business Climate.The European Union (EU) will announce on December 11 a new programme "ADAPT" designed to provide small farmers, artisanal fishermen and agricultural cooperatives with funds to achieve energy and natural resource-saving sustainable development projects, Head of the Environment, Energy and Climate Pro...
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SENEGAL: “Gorée Zero Waste”, a project to combat plastic pollution
Senegal.
Environment.In Senegal, the mayor of Gorée Island, Augustin Senghor, recently launched the "Gorée Zero Waste" project in collaboration with the Kirene Group. The initiative, which aims to make the commune cleaner, should lead to a ban on plastic bags.The mayor of Gorée, Augustin Senghor slaps his fist on the ta...
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Nigeria:Kano Economic City For Commissioning By Feb
Nigeria.
Construction & Real Estate. Environment.The Kano Economic City, also known as Kanawa International Market, will be commissioned for operation in February, 2021, the Project Director, Dr. Abdullahi Hadejia Gambo, has said.The market, sitting on 117 hectares of land, is a Public-private partnership (PPP) project with the Kano State Governme...
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TUNISIA:UNDP launches call for proposals to support entrepreneurs in southern Tunisia
Tunisia.
Social entrepreneurship.The United Nations Development Programme (UNDP) the launch of a call for proposals for civil society organisations to directly support entrepreneurs in southern Tunisia, so as to develop the entrepreneurship ecosystem in these regions and thus provide an alternative to paid employment.This call for...
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Egypt receives first batch of Chinese coronavirus vaccine, to provide it free for citizens
Egypt.
Health.Egypt has received on Thursday the first batches of the Chinese coronavirus vaccine at Cairo Airport later in the day, the Egyptian Ministry of Health said. Egypt’s Minister of Health Hala Zayed said during a press conference at Cairo Airport that the new Chinese vaccine will be avail...
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Egypt : AOI inks cooperation protocol to manufacture natural gas tanks
Central African Republic.
Energy.CAIRO - 8 December 2020: Chairman of the Arab Organization for Industrialization (AOI) Abdel Moneim Al Tarras emphasized the importance of implementing the presidential directives to boost cooperation among the State's industrial institutions to localize the technology of manufacture of natural gas...
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Egypt’s GDP growth to bounce back in 2022, reaching 5.6%: Fitch Solutions
Egypt.
Business Climate.Egypt’s GDP growth is expected to record 3.5 percent by the end of 2020 and to slow down to 3.2 percent in 2021, before bouncing back in 2022 to 5.6 percent, according to Fitch Solutions.Fitch made the announcement during a webinar held on Tuesday, attended by Ahram Online, that focused on emerging...
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Egypt : Central Bank of Egypt extends tourism, retail loan initiatives to 2021 end
Egypt.
Bank & Finance.The Central Bank of Egypt (CBE) has decided to extend the validity period of its initiative to support the tourism sector for an additional year, until the end of 2021.During that period, any requests for postponement of bank entitlements shall be accepted for a maximum period of three years. The CB...
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Egypt : EBRD, EU help SolarizEgypt in promoting solarpanels in Egypt's rooftops
Egypt.
Energy. Construction & Real Estate.CAIRO - 8 December 2020: The European Bank for Reconstruction and Development (EBRD) helped SolarizEgypt through the bank’s green economy financing facility (GEFF) , which is supported by the European Union, to promote solar panels in Egypt. According to EBRD, SolarizE...
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Egypt:BUSINESS Egypt-France trade exchange scores $1.6bn in 9M 2020 Egypt-France trade exchange scores $1.6bn in 9M 2020
Egypt.
Business Climate.The volume of trade exchange between Egypt and France amounted to $1.6bn in the first nine months (9M) of 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).The results, issued on Monday in a press statement to mark Egyptian President Abdel Fattah Al-Sisi’s visit t...
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Morocco to Host 1st Automotive Testing Center in Africa
Morocco.
Business Climate. Industry.Road safety operators UTAC CERAM and FEV Group are set to create the first automotive testing center in Morocco. The center will be the first of its kind in Africa.“From its opening in 2021, this center will offer a complete range of services. Morocco has a geographical proximity to Europe, which is...
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Nigeria:Zenith Bags Bank Of The Year Award
Nigeria.
Bank & Finance.Zenith Bank Plc has emerged as Bank of the Year in “Banker’s Bank of the Year Awards 2020”. The bank had ealier this year won the Most Valuable Banking Brand in Nigeria and the Number One Bank in Nigeria by Tier-1 Capital by The Banker awards.The Banker Magazine, Financial Times Group, United Kingd...
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Egypt : Chuting over Egypt's New Administrative Capital brings out aesthetic aspects
Egypt.
Tourism & leisure. Construction & Real Estate.CAIRO - 6 December 2020: The Egyptian state, with all its apparatus, continues its work to accomplish many major projects in the new administrative capital, located East of Cairo. The New Administrative Capital is highly considered to be a big dream for a very broad sector in Egypt, and a major...
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Algeria:Solar energy as agriculture development booster, suggests CEREFE report
Algeria.
Agri-Food. Energy.ALGIERS-The annual report of the Renewable Energy and Energy Efficiency Commission (CEREFE) suggests the generalization of solar energy in order to boost agriculture and meets its increasing needs. ...
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Algeria:Finance Minister discusses state of cooperation with UNDP resident representative in Algeria
Algeria.
Business Climate.ALGIERS – The Minister of Finance, Aymen Benabderrahmane, received, Thursday in audience, the resident representative of the United Nations Development Program (UNDP) in Algiers, Blerta Aliko, with whom he reviewed the state of cooperation between two parties, a ministry statement said.During this a...
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Nigeria:FG Targets MSMEs To Lift Nigerians Out Of Poverty
Nigeria.
Bank & Finance.The Federal Government has said that it was working at using the various Micro Small and Medium Enterprises (MSMEs) to move more Nigerians out of poverty threshold, especially in the wake of the effects of the COVID-19 pandemic.The Director General, Bureau of Public Service Reforms (BPSR), Mr. Dasuk...
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Egypt : EBRD, Egypt launch country’s 1st gender awareness campaign
Egypt.
Bank & Finance. Business Climate.The Egyptian National Railways (ENR), the National Council for Women (NCW), and the European Bank for Reconstruction and Development (EBRD) are collaborating to make the Egyptian rail network safer for female passengers.The partnership was launched in Cairo, on Thursday, and will create a publi...
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Nigeria:Tech Firm To Aid 2m Businesses
Nigeria.
Bank & Finance. Social entrepreneurship.Excite Enterprise, a digital enterprise solutions provider, has unveiled its simplified innovations designed to lead Micro, Small, and Medium Enterprises (MSMEs) on the pathway to success and sustainability.Through its platform, the firm said it is targeting over two million MSMEs in two years.At a...
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Egypt’s sovereign fund prioritises creating investment opportunities with public, private sectors: CEO
Egypt.
Business Climate.The Sovereign Fund of Egypt (TSFE) will prioritise creating massive investment opportunities through cooperation with the public and private sectors, according to the fund’s CEO Ayman Soliman.Soliman added that the fund is looking to support the country’s economy against the crisis caused by the nov...
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Nigeria:FG Opens N4.95bn Fund Portal For Transporters
Nigeria.
Industry. Public Works & Transport.The federal government has opened the application for the N4.95 billion fund for 165,000 transporters under the Micro, Small and Medium Enterprises (MSME) Survival Fund.While launching the Transport Track of the Survival Fund in Abuja on Monday, the Minister of State for Industry, Trade and Investme...
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Egypt’s tourism revenues hit $9.9B in 2019/2020
Egypt.
Tourism & leisure.CAIRO – 1 December 2020: Egypt’s tourism revenues dipped by $2.7 billion in the fiscal year of 2019/2020, recording $9.9 billion, according to the Central Bank of Egypt (CBE). CBE clarified in a report that the decline in the travel receipts caused a drop in the servic...
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Nigeria: Experts hinge economic growth on SMEs survival
Nigeria.
Social entrepreneurship.As Nigeria struggles to get out of recession while battling with inflation, experts have stressed the need for the government to support the growth of small and medium scale enterprises (SMEs) as an elixir for growth.Indeed, they said it is imperative for the government to support SMEs, as failure t...
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Egypt : Glimpse into ongoing renewable energy projects in Egypt
Egypt.
Energy. Environment.CAIRO – 30 November 2020: Egypt vies for upping the share of renewable energy in the energy mix to become 20 percent in 2022, and 42 percent in 2035. Al Watan newspaper published a report on the ongoing projects in that realm, particularly wind energy and solar energy. Wind Energy The...
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Côte d'Ivoire :Agriculture,Côte d'Ivoire anticipates a record harvest of 520,000 tonnes of cotton in 2020/2021
Ivory Coast.
Agri-Food.In Côte d'Ivoire, the authorities are expecting a historic 2020/2021 cotton season. The volume of the harvest is indeed expected to amount to 520,000 tonnes, a record level for the country.In Côte d'Ivoire, cotton production is expected to reach a record level in 2020/2021.According to recent e...
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Senegal-digital innovation: the student Mouhamadou Lamine Kébé wins the Grand Prix of the President of the Republic
Senegal.
Information technology.Mouhamadou Lamine Kébé, 24, a student at the Ecole Supérieure de Polytechnique (ESP) in Dakar won, on Thursday, the first edition of the President's Grand Prize for digital innovation.He received his medal from the hands of the Head of State Macky Sall Macky Sall during a ceremony organized at the A...
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Morocco, Russia Sign New Fisheries Cooperation
Morocco.
Agri-Food. Business Climate.Rabat – Morocco and Russia inked a new maritime fisheries cooperation, a statement from the Moroccan Ministry of Agriculture said on Friday.The deal will replace the 2016 agreement that expired this year in March.The two countries held several rounds of online discussions before agreeing on a common...
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Nigeria:Dairy, ‘Focusing On Smallholder Farmers Vital’
Nigeria.
Agri-Food.Dairy experts have said focusing on smallholder farmers is vital towards developing the dairy sector in Nigeria.This was the agreement at the recent 2020 Dairy Conference organized by the Sahel Consulting. It was supported by the Advancing Local Dairy Development in Nigeria (ALDDN) programme, in par...
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Tunisia:RedStart launches its new programme "Red'Innov" to strengthen innovation ecosystem in Tunisia
Tunisia.
Information technology.RedStart Tunisia, innovative SMEs and Startups accelerator, Wednesday, launched its new programme "Red'Innov", financially backed by the European Union through the project "Innov'i - EU4Innovation", implemented by Expertise France.Through this new programme launched at the webinar "The ecosystem of...
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Morocco Develops Project for Self-Production of Electrical Energy
Morocco.
Energy.Rabat – Morocco’s Ministry of Energy has developed a draft law related to a project for the self-production of electrical energy.The project seeks to ensure the self-production of electrical energy for individual consumption purposes, according to the draft law the ministry shared with Morocco World...
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Egypt exports 4.8M tons of agricultural products in 2020
Egypt.
Agri-Food.CAIRO – 29 November 2020: Egypt has exported 4.8 million tons of agricultural products since January, according to a report by the Central Administration for Agricultural Quarantine affiliated to the Ministry of Agriculture and Land Reclamation. The report released on Sunday indicates that the main...
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Algeria:Government determined to establish sustainable energy plan, says Djerad
Algeria.
Energy.ALGIERS- Prime Minister Abdelaziz Djerad, stressed in a message published in the first annual report of the Commissariat for Renewable Energy and Energy Efficiency (CEREFE), the government's determination to establish a sustainable energy plan and lay the foundations for an energy transition adapted...
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Egypt to Issue First Sovereign Islamic Sukuk
Egypt.
Bank & Finance.CAIRO - 26 November 2020: Seeking to attract a new segment of investments, Egypt is preparing to issue a sovereign sukuk bill, which was approved by the Cabinet in November, and will be officially issued once approved by the House of Representatives and ratified by President Abdel Fattah El-Sisi.&nb...
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Nigeria:VFD Group nominated for two awards at the 2020 BAFI
Nigeria.
Bank & Finance.Financial and investment bouquet services company VFD Group Plc, has been nominated in two categories in the forthcoming BusinessDay Banks’ And Other Financial Institutions (BAFI) AwardIncorporated eleven years ago, VFD Group holds businesses in financial advisory, real estate, asset management, cur...
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Nigeria boosts refining capacity with new 5,000bpd refinery
Nigeria.
Energy.Nigeria’s quest to refine its white products got a lift yesterday, as President Muhammadu Buhari, inaugurated a 5,000 barrel per day (bpd) refinery, and the groundbreaking for another 45,000 refineries expected to be completed within two years.Over 2.5 billion litres of petroleum products, and 18, 0...
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Egypt : Benban Solar Park wins the Arab Government Excellence Award as the best project to develop infrastructure
Egypt.
Energy. Environment.CAIRO - 25 November 2020: The Ministry of Electricity and Renewable Energy said that ُEgypt's Benban Solar Park project won the Arab Government Excellence Award for the category of the Best Arab government Project to develop infrastructure.This came during a virtual ceremony held to celebrate the wi...
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Egypt allocates LE 5.7B of public investments to Beheira Governorate in 2020/21 plan
Egypt.
Bank & Finance. Business Climate.CAIRO - 24 November 2020: Egypt has allocated LE 5.7 billion of public investments to Beheira Governorate in the citizen's investment plan for fiscal year (FY) 2020/21, according to Minister of Planning and Economic Development Hala El-Saeed. On Tuesday, El-Saeed said that public investments allocat...
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Nigeria:Ministry, TIIM Africa Sign MoU To Empower 100 Startups With $5000
Nigeria.
Business Climate.The Federal Ministry of Youth and Sports Development has signed a Memorandum of Understanding with a venture capital company, TIIM Africa to empower 100 startups in the country.The ceremony which was done at the ministry is aimed at giving the startups that are successful in their application a gran...
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Nigeria:Buhari’s Agric Policies Inspire FBB Rice Mill — Ex-Rep Fatima Bello
Nigeria.
Agri-Food.The Chairman, Board of Directors, FBB Rice mill, Fatima Binta Bello has explained that the agricultural policies of Muhammadu Buhari led administration had inspired her to establish the rice mill in Kano.The 160 ton capacity rice processing factory was commissioned on Saturday by the former governor...
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Egypt, EU, AFD conclude project worth €52M in agricultural sector
Egypt.
Agri-Food.CAIRO – 23 November 2020: The Ministry of Agriculture and Land Reclamation, the European Union, and the Agence Francaise de Developpment (AFD) held on Monday a ceremony to celebrate the conclusion of the Support to Agricultural SME's Project (SASME) displaying funding and training provided. The...
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Nigeria:2 Nigerians, 4 Others Win AfDB’s $120,000 Prize
Nigeria. Afrique.
Advice & Training.Six African youths including three from Nigeria have won African Development Bank’s (ADB) $120,000 prize for the AgricPitch competition.Elizabeth Gikebe, the founder of Mhogo Foods in Kenya, won the women-empowered businesses category $20,000 prize.Other winners are Femi Aiki, Foodlocker, Nigeria ($...
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Tunisia:Agriculture-Training,Partnership agreement to improve skills of young people and women in rural areas
Tunisia.
Agri-Food. Advice & Training.The Agency for Agricultural Extension and Training and the consumer cooperative (Tunisie Coop), on Friday, inked a partnership agreement to develop the skills of young people and women in rural areas and to improve their employability and integration into professional life.The agreement aims to supp...
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IVORY COAST: 75 young people trained in solar energy and energy efficiency
Ivory Coast.
Energy. Advice & Training.In Ivory Coast, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the German cooperation agency, financed the training of 75 young people on photovoltaic solar energy and energy efficiency. The participants in this programme recently received their scrolls after eight months of trai...
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SENEGAL: ERS and CFM to install a solar power plant (30 MWp) in Niakhar
Senegal.
Energy.Solar photovoltaic system supplier Energy Resources Senegal (ERS) recently joined forces with Climate Fund Managers (CFM) to build a 30 MWp solar photovoltaic plant in the district of Niakhar in Senegal. The installation will be equipped with a battery-based electricity storage system.The agreement...
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Morocco, Germany to Jointly Address GHG Emissions in Transport Sector
Morocco.
Business Climate. Public Works & Transport.Morocco and Germany are set to work together to reduce greenhouse gas (GHG) emissions in the transport sector through a new agreement.The Moroccan Ministry of Equipment, Transport, Logistics, and Water and the local office of Germany’s International Cooperation Agency, GIZ Morocco, signed on Friday,...
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Nigeria:Nigerians will tolerate higher prices to have lower interest rates – Survey
Nigeria.
Bank & Finance.A survey by the Central Bank of Nigeria (CBN) has revealed that Nigerians, given a trade-off, are willing to pay more for goods and services to have lower interest rates.The preference as contained in the ‘Q3 Inflation Attitude Survey Report’ released yesterday, shows that Nigerians are still comfor...
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Nigeria:TSA, FG Monthly Savings On Interest Hits N45bn
Nigeria.
Bank & Finance.The Federal Government savings on Treasury Single Account (TSA) from banks charges and interests on government funds has peaked at N45bn monthly.The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this on Tuesday at the signing of a memorandum of understanding (MoU), w...
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Nigeria:Media Firm Launches N388m Grant For SMEs
Nigeria.
Information technology.Amedia platform, Pop Central, has launched SME Advert Grant, an initiative that will avail small businesses the opportunity of free exposure on live television.Pop Central is giving verified Small and Medium Enterprises (SMEs) in Nigeria N388m worth of free advert grants via its station, Pop Central...
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Egypt increases imports, encourages domestic production to maintain food security amid pandemic
Egypt.
Agri-Food.Egypt has expanded its import contracts and successfully met public demand for food by following a government action plan that came with the coronavirus outbreak in March, according to a report from Egypt’s al-Borsaa news website.Nomani Nasr Nomani, Advisor to Egypt’s supply and trade minister, repo...
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Egypt : Future Homes records EGP 30m in sales during AQARI Exhibition
Egypt.
Construction & Real Estate.Future Homes Development recorded contractual sales worth over EGP 30m during its participation at the Al-Ahram Real Estate Exhibition (AQARI), which took place in Cairo from 1 to 4 October.Mohamed Mounir, the company’s Chairperson, said that Future Homes Development has also launched the third...
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Egypt’s Immigration Minister follows up UAE expats complaint of being subjected to fraud
Egypt.
Tourism & leisure.CAIRO – 12 October 2020: Egypt’s Minister of Immigration Nabila Makram contacted Attorney General Hamada El Sawy to address complains lodged by 300 Egyptian expats who were subjected to fraud by people who claimed they would bring them back to Kuwait after spending quarantine period in the UAE...
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Egypt : EBRD chooses Egypt as top investment market for second time in a row
Egypt.
Bank & Finance. Information technology. Business Climate.The European Bank for Reconstruction and Development (EBRD) has chosen Egypt as the top investment market for 2021-2025, based on the three objectives of reducing carbon emissions to promote environmental sustainability, promoting equal opportunities for women, and digital transformation.Egypt had a...
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Egypt : MENA startup investments see slowdown in September
Egypt.
Bank & Finance. Business Climate.Investments in startups in the Middle East and North Africa (MENA) witnessed a slowdown in September for the first time in 2020 with $10.9 million raised in 30 fresh investment deals, according to the investment vehicle Wamda.Egypt had the lion share of these investments with $3.36 million, whereas...
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Egypt :Nestlé intensifies efforts to maintain health and safety measures across all factories
Egypt.
Agri-Food. Energy.To fight economic hardships imposed by the pandemic, the Egyptian government implemented a strategy to support the business sector, as it navigated through the economic turmoil. The success of this strategy has been reflected through readiness of the most affected industries to re-operate as markets...
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Nigeria :NPDC Eyes 600mmscf/d Of Gas Supply To Domestic Gas Market, Set To Commission 240MT LPG Plant In Edo
Nigeria.
Energy.The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at boosting its gas supply to the domestic market by 600million standard cubic feet per day (mmscf/d) in the next three to five years.Th...
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Nigeria:‘Unveiling Digital Products To Deepen Islamic Banking’
Nigeria.
Bank & Finance. Information technology.The Co-Founder and Chief Operating Officer of TAIF Digital Institute for Islamic Finance in Toronto Canada, Mr. Fahad Siddiqui, has said the roll-out of shariah-based digital financial products will deepen Islamic finance in Nigeria.Speaking on Monday, he said the deployment of technology can enable...
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Nigeria:Govt To Reintegrate Modular Refineries – Enang
Nigeria.
Energy.The Senior Special Assistant to the President on Niger-Delta Affairs, Senator Eta Enang said the federal government will reintegrate modular refineries into the mainstream refineries for the benefit of the country.Enang disclosed this in Abuja when he paid a working visit to the Minister of Science...
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Nigeria:19,943 farmers benefit as NIRSAL deploys Agro model to support N’East economy
Nigeria.
Agri-Food.Some 19,943 farmers in Nigeria’s North East, cultivating rice, maize and soybean on 29,919 hectares of farmland in Borno, Adamawa, Taraba and Gombe States have benefitted from various incentives and inputs from the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) to aid...
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Morocco:Agriculture and Maritime Fishing Sectors Capable of Meeting Production Requirements in These Difficult Times (Minister)
Morocco.
Agri-Food.Rabat - The agriculture and maritime fishing sectors have well-defined mechanisms and visions enabling them to meet the requirements of production during this difficult economic situation, said Monday in Rabat minister of Agriculture, Fisheries, Rural Development and Water and Forests, Aziz Akhannou...
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Tunisia:Higher Investment Council approves projects with total cost of 160 MD
Tunisia.
Bank & Finance.The Higher Investment Council approved, on Friday July 17, 2020, four major investment projects with a national vocation, representing a total investment of about 160 million dinars (MD) during the first meeting of the Council, for the year 2020, held in Kasabah, under the chairmanship of Prime Mini...
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Bank of Algeria: Issuance of new banknotes, coins
Algeria.
Bank & Finance.The Bank of Algeria announced today, Saturday July 04, 2020, the issuance of new banknotes and coins.The Bank of Algeria explained that it is the 2000 dinars bill and other coins.In this vein, the Ministry of Finance announced, this Saturday, the launch of a new banknote on the national market, in a...
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Algeria:Gas;Sonatrach, ENI renew 3 partnership agreements untill year 2049
Algeria. Europe.
Energy.ALGIERS- Algerian national hydrocarbon company SONATRACH and its historic partner Italy’s ENI have concluded three agreements renewing, untill the year 2049, their partnership in the field of gas, the company said in a statement.The contracts will allow the marketing of Algerian natural gas by Eni t...
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Electricity/Africa: Morocco Ready to Share its Know-how in the Framework of South-South Cooperation (Official)
Morocco. Afrique.
Business Climate. Energy.Morocco is committed to sharing its expertise with African countries in the area of electrical trades as part of South-South cooperation, said Monday Director General of the National Office for Electricity and Drinking Water (ONEE), Abderrahim El Hafidi.This came during talks with a large delegation...
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Morocco Pledges $209 Million Renovation Project in Five Moroccan Cities
Morocco.
Bank & Finance. Environment.The Tangier-Tetouan-Al Hoceima region council and the Wilaya (administrative division) of the same region have approved partnership agreements to renovate and develop five northern Moroccan cities with a budget of MAD 1.86 billion.Eight ministries signed the convention, including the Ministry of Eco...
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Tunisia:Payment institutions to start operating soon (BCT Governor)
Tunisia.
Bank & Finance.Two or three payment institutions will start operating in this area in the coming days after obtaining the authorisation of the Central Bank of Tunisia (BCT), announced its Governor Marouane Abassi on Tuesday.These payment institutions are among several companies that have filed applications with th...
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Algeria looks to achieve sustainable development through energy transition program
Algeria.
Energy.Minister of Energy, Mohamed Arkab, said last week in Algiers that the Energy Transition Program provided for in the Government’s Action Plan will allow Algeria to achieve sustainable development.In a press statement on the sidelines of an information day on the safety and security of radioactive sou...
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morocco-Business Support and Financing Program: 'Intelaka' Program Launched
Morocco.
Bank & Finance.Rabat - The "Intelaka" program was officially launched on Monday in Rabat, following the signing before HM King Mohammed VI of the agreements establishing the start of the business support and financing Program.The launch of the program took place at a ceremony chaired by minister of Economy, Financ...
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January
Nigeria:Notore begins Turn Around Maintenance of plant
Africa’s leading chemical and agro-allied company, Notore Chemical Industries Plc, has announced the commencement of the Turn Around Maintenance (“TAM”) of its plant.It also said the plant has been sh...
January
Nigeria:Heirs Holdings acquires 45% of OML 17 from Shell, Total, ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp“), Nigeria’s largest publicly listed conglome...
January
Nigeria:How Nigeria spends big on honey imports yet has few hands in lucrative sector
Ogundele Olubukola, a principal laboratory scientist at the Federal University of Agriculture, Abeokuta (FUNAAB), has been selling honey in the last 10 years, harvesting an average of 150 litres...
January
Nigeria:AfCFTA,What Nigerian businesses must do to export to African countries – Official
The Nigerian Office for Trade Negotiations (NOTN) Saturday said exporters or agents aspiring to move products to countries under the African Continental Free Trade Area (AfCTA) must obtain p...
January
Nigeria:Flour Mills Subsidiary partners AgBiTech to fight Fall Armyworm in Nigeria
Nigeria’s leading agro-allied companies, Flour Mills of Nigeria through one of its subsidiaries, Golden Agri Inputs Limited (GAIL), is bringing respite to farmers in the country through its partnershi...
January
Egypt’s annual urban headline inflation declines to 5.4% in December 2020: CBE
Egypt’s annual urban headline inflation declined to 5.4% in December from 5.7% in November 2020, the Central Bank of Egypt (CBE) revealed. The decline comes as the monthly inflation recorded -0.4% in...
January
Egypt : BLOM BANK announces execution of SPA for Egypt operations
Adefinitive agreement has been signed by BLOM Bank and the Arab Banking Corporation (Bank ABC) that will see the former sell its entire 99.4% stake in its Egypt operations to the latter.In an announce...
January
Egypt, Belarus discuss enhancing cooperation in communications, IT sectors
Egypt’s Minister of Communications and Information Technology Amr Talaat met with Belarus’ Ambassador in Cairo, Sergei Terentiev, to discuss strengthening joint cooperation in the fields of communicat...
January
Egyptians travelling to France must undergo COVID-19 test as of 18 January
The Egypt Air office in Paris announced, on Sunday, that all Egyptians wishing to travel to France will be required to submit a medical certificate for the coronavirus (COVID-19), and that they have t...
January
Egypt : Iron, steel workers protest over ‘unilateral’ factories closure in Egypt
Dozens of workers at the Egyptian Iron and Steel Company (Hadisolb) staged a protest in Helwan, on Sunday, to demonstrate against the government decision to shut down the company.The workers’ demands...
January
Egypt : ETA says enterprises to file salary tax return by end-month
Business owners have until January 31st to electronically submit their wage tax returns for 2020, Head of the Egyptian Tax Authority (ETA) Reda Abdel Qader said in a statement.Enterprises wo...
January
Egypt emerges as one of region’s biggest transformation stories: JLL
The Egyptian market is considered one of the “biggest transformation” stories across the region, despite the challenges seen in 2020, according to a JLL report.The positive view was driven by a “stron...
Boye Olusanya, an engineer by training graduated from the Un...
Nigeria:FMN Contributions To Nigerian Economy Huge — Olusanya
Nigeria,Agri-Food,
Boye Olusanya is the General Managing Director (GMD) of Flour Mills of Nigeria (FMN). In this interview, he speaks on how the company evolved to become one of the biggest food and agro-allied business...
the Osun State Commissioner for Culture and Tourism...
Nigeria:‘Osun Tourism Masterplan Enjoys Far-Reaching Private Sector Support’
Nigeria,Tourism & leisure,
In this interview, Dr Adebisi Obawale, the Osun State Commissioner for Culture and Tourism, speaks on the state’s huge tourism potential, ability to boost internally generated revenue, create thousand...
...
Nigeria:Agriculture, Minerals Can Lift Nigeria Out Of Recession — ACCI Ex-Head, Kayode
Nigeria,Agri-Food, Energy,
Prince Adetokunbo Kayode, SAN is the immediate past president of the Abuja Chamber of Commerce and Industry (ACCI). He is also a former minister of defence, culture and tourism, Labour, and Attorney G...
Nigerian technology expert and Director General of the Natio...
NIGERIA:INTERVIEW, How we’re helping Nigerian innovators respond to country’s IT needs – NITDA DG
Nigeria,Information technology,
In this interview at the end of the 2020 Gulf Information Technology Exhibition (GITEX), Kashifu Abdullahi, the Director-General of National Information Technology Development Agency (NITDA) speaks wi...
the Managing Director of Kano Electricity Distribution Compa...
Nigeria:How We Raised The Bar On Safe Power Supply At KEDCO — Dr Gwamna
Nigeria,Energy,
Dr Jamil Isyaku Gwamna, is the Managing Director of Kano Electricity Distribution Company (KEDCO). In this interview, he speaks on how the firm has prioritised safety strategies across its Kano, Katsi...
...
Egypt’s economic stability due to reform program: Businessman Ayman Al Gamil
Egypt,Business Climate, Bank & Finance,
CAIRO - 13 December 2020: Businessman Ayman Al Gamil attributed Egypt’s economic stability to the reform program, launched by the political leadership and implemented by the government over the past f...
The Managing Director of Mudiame International Limited, and...
Nigeria:Eboh, Deepening local content development must go with capacity growth, certification
Nigeria,Energy,
The Managing Director of Mudiame International Limited, and Mudiame Welding Institute, Prof. Sunny Eromosele Eboh, in this interview with KINGSLEY JEREMIAH, said the Nigerian Content Development and M...
Mr Sayed Abdel Fadil is Head of Financial Sector at Metallur...
Egypt : Unlisted agricultural company to issue sukuk in January 2021: FRA
Egypt,Bank & Finance,
An unlisted agricultural reclamation company is preparing required documents to issue sukuk in 2021, according to Sayed Abdel-Fadil, Head of Central Administration for Corporate Finance at the Financi...
...
Egypt : Political stability ‘important pillar’ of development in Egypt: Businessman Ayman Al-Gamil
Egypt,Bank & Finance, Business Climate,
CAIRO – 16 November 2020: Political stability is one of the most important pillars of development that Egypt is witnessing in the recent years, along with restructuring institutions, and restoring sec...
19 January 2021
20 January 2021
Online
Algeria : Algeria WorkLinks | Algeria's First Virtual Career Fair
20 January 2021
23 January 2021
Virtual
Tunisia: Flat6Labs - Startups Career Jam 4.0
23 January 2021
24 January 2021
Virtual
Master The Trade: Master Your Money and Mindset For Investing in 2021
01 April 2021
03 April 2021
En ligne
Algerie : Algeria 2.0 Summit
22 December 2020
23 December 2020
Tunisia
Tunisia to host Arab Housing Congress next December 22 and 23
21 December 2020
23 December 2020
virtual waste
Algeria:First virtual waste exhibition on December 21 to 23
09 December 2020
10 December 2020
Egypt (BiznEX).
Egypt : MSMEDA to take part in BiznEX on 9-10 December
25 November 2020
26 November 2020
virtual
Tunisia at Meetings Africa 2020, November 24-25
22 November 2020
25 November 2020
Cairo ICT Exhibition
Egypt : Cairo ICT 2020 themed 'The Big Reset' to be held on Nov. 22-25
10 November 2020
via Zoom
Nigeria:FirstBank Hosts SME Webinar
