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Africa needs $621bn to meet UN Sustainable Development Goals

SusDevGoals

The Global Infrastructure Hub, a G20 initiative, has today published two reports that reveal an urgent need for infrastructure investment in 10 Compact with Africa countries, and highlight the reforms required to encourage greater investment. The first of these reports, Global Infrastructure Outlook: Infrastructure Investment Need in the Compact with Africa Countries, reveals that, unless US$621 billion is invested in ...

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Low internet penetration in Africa due to lack of terrestrial fibre

ITW 2

Experts at the Africa Session of the International Telecoms Week conference in Chicago have described terrestrial fibre constraints as the mother of all bottlenecks hindering increased Internet penetration on the continent. During his presentation on the theme “Enabling Content on the African Continent”, Chief Executive Officer of research firm, Xalam Analytics, Guy Zibi analyzed the African digital journey, highlighting dramatic ...

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IMF endorses crpto currency

IMF Managing Director - Christine Lagarde

IMF head Christine Lagarde has dedicated a new blog post to the “potential benefits” of “crypto-assets such as Bitcoin.” The head of the International Monetary Fund (IMF) Christine Lagarde was buoyant about cryptocurrency in a blog post in support of the technology, published Monday, April 16. The post, which comes roughly one month after Lagarde cautioned against the “dark side” ...

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Private sector operators welcome African Continental free Trade Area Agreement

Intra-Africa Connect represented AfCTA Business Forum Kigali

Intra-African Connect, an organization committed to promoting and enabling Intra-African Trade and investment has lauded the signing of the African Continental Free Trade Agreement. The organization’s founder Mr. Nana Yao Lee was part of a group of private sector stakeholders that were taking part in the African Union Business Forum, held on the 20th of March 2018, a day before ...

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Tunisia: Funds Worth 35 Billion Dinars Allocated to Road Network

rail

The estimated funds allocated to the construction and development of roads throughout the territory have reached in the last three development plans about 35 billion dinars, Equipment, Housing and Spatial Planning Minister Mohamed Salah Arfawi. The latter pointed out in this regard, that the cost of the road network is estimated at 4.5 billion dinars by 2030 and the same ...

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Morocco: World Bank Launches U.S.$200M Program to Increase Investment Capacity in Morocco’s Casablanca

morocco

The World Bank launched on Monday a project worth 200 million U.S. dollars to improve the investment capacity of Morocco’s largest city of Casablanca. The launching ceremony of the program, known as “Casablanca Municipal Support Program,” was chaired by Marie Francoise Marie-Nelly, World Bank’s country director for the Maghreb and Malta, Middle East and North Africa. The loan will help ...

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Tunisia: Young Entrepreneurs Will Be Able to Open Foreign Currency Bank Accounts – (Minister)

tunisia

The startup bill will allow young entrepreneurs to open foreign currency bank accounts in order to facilitate equipment acquisition, creation of subsidiaries abroad and access to foreign markets as well as avoid administrative procedures, Minister of Communication Technologies and Digital Economy Anouar Maarouf said on Monday. Speaking at a study day on the startups promotion bill organised by The House ...

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Tunisia: Export Revenues of Organic Dates Increase By 35.52%

tunishia

Export revenues of organic dates for this season increased by 35.52%, compared with the previous season. This increase also comes from a 21.01% increase in the quantities exported, according to data from the Ministry of Agriculture, Water Resources and Fisheries. The quantities of organic dates exported, since the beginning of the season (October 10, 2017) to March 2, 2018, reached ...

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Morocco: Customs Duties On Certain Turkish Textile Products Constitute Preventive, Preferential & Temporary Measure (Official)

textile

Secretary of State for Foreign Trade, Rkia Derham, said, Monday in Rabat, that customs duties imposed on certain textile/clothing products from Turkey constitute a preventive, preferential and temporary measure taken because of the increase in imports of these products. In her response to a question on the “protection of domestic industry” presented by the socialist group at the House of ...

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Egypt: Sisi Opens Development Projects in North Egypt, Delta

sisi

President Abdel Fattah El Sisi arrived on Monday 15/1/2018 in Sadat City, Menoufiya Governorate, to open via video conference a number of development projects in north Egypt and the Nile Delta. Greeting him upon arrival were Acting Prime Minister and Housing Minister Mostafa Madbouli, Minister of Defense and Military Production and Commander-in-Chief of the Egyptian Armed Forces Sedqi Sobhi and ...

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