Africa Business Features Finance Headlines International

Gabon strips off several insurance Companies of operation license

The National Directorate of Insurance of Gabon (DNA) has retrieved operation permits from several insurance companies over unprofessional attitudes, Gabon Review reports. 11 entities in total including Solanus Casey Assurances, ACIP, Wellington Insurance Brokers Ltd Gabon, Bethel S.C.A, Contacts Assurances, Capital Assurances, Solidarity Assurances, are facing the ban. The decision, media notes, came late April […]

Asia Business Finance Headlines International Tunisia

Tunisia, South Korea ink multiple agreements

Tunisia and South Korea signed Thursday in Tunis several agreements in multiple areas including investment and trade, ahead of the second Economic Forum between the two countries, Tunisie Numerique reports. Najla Bouden, Tunisia’s Premier, the media notes, received a high-key South Korea delegation headed by Park Heong Joon, who doubles as Mayor of Busan Metropolitan […]

Business Emerging Markets Headlines Morocco

Morocco to receive 6th Canadair firefighter, two more to be delivered soon

Morocco reinforces its firefighting capacities with the reception of a 6th Canadair water bomber, while two others will be delivered soon, defense news portal FAR Maroc said. Hit by the worst drought in decades and the hottest year in over four decades, Morocco fought 500 wildfires that affected over 22,000 hectares last year. This year, […]

Business Emerging Markets Finance Headlines Morocco

Private clinic operator Oncorad raises $45 mln to finance its growth

Moroccan private clinic operator Oncorad raised 45 million dollars via private equity funds France’s Stoa and Morocco’s CDG Invest as part of an effort to fund its expansion plan, it said. Oncorad plans to have 30 clinics by 2026 as it sees a pressing need to fill in shortages in private hospitals especially in remote […]

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Egypt approves for six month draft decree exempting travelers from gold tax

The Egyptian government Wednesday approved temporarily a draft decree exempting travelers who bring gold from customs duties and other fees except value-added tax (VAT), reports say. The draft is applicable to semi-manufactured gold, gold prepared for currency-trade, and jewelry parts made or coated with a layer of precious metals. It is however unclear how much […]

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RwandaAir, Qatar Airways Cargo team up to launch new African cargo hub

RwandAir has partnered with Qatar Airways to launch a major new African cargo hub — Kigali Cargo Hub — to help Rwanda’s flag-carrier develop its capital, Kigali, into a regional cargo powerhouse. The new Kigali Cargo Hub is part of a long-term strategic plan for the cargo division of RwandAir, which has seen cargo carried […]

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Africa agribusiness set to become $1 trillion ‘new oil’ industry by 2030 — AfDB

Africa’s agribusiness sector is expected to grow to become a $1 trillion industry by 2030, participants at a recent Africa Investment Forum (AIF) have concluded, predicting that agribusiness will become a catalyst in driving the economy on the continent. Leaders of Africa’s top agribusiness companies, who shared their thoughts on the future of the industry […]

Business Emerging Markets Headlines Morocco

Green Plan helped Morocco offset some drought impact- PM says

Head of the Moroccan government Aziz Akhannouch defended his cabinet bill with regards to agriculture input highlighting the rewards of the Green Plan launched in 2008 amid fierce critics by the opposition which laments a lack of “full food sovereignty” and a predominance of exports over satisfying domestic market needs. Speaking at a parliamentary session, […]

Africa Business Headlines International

Togo joins Global Green Growth Institute

Togo’s parliament rubber-stamped the West African country’s move to become member of the Global Green Growth Institute (GGGI) in view of tapping into the support of the organization’s technical assistance. The lawmakers voted in favor of President Faure Gnassigbe administration’s bid to join the treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive […]

Business Egypt Headlines

Egypt: Sovereign fund unveils B2B pharma venture to spur pharmaceutical sector

The healthcare sub-fund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy chain to launch a new venture tasked to provide business-to-business (B2B) services in the Egyptian pharmaceutical sector, Ahram Online reports. The company, named EZ International, will provide pharmaceutical companies in Egypt with a […]