Friday 20 April 2018
(AFP (eng) 03/21/18)
Forty-four African countries have signed an agreement establishing a free trade area seen as vital to the continent's economic development, the head of the African Union said Wednesday. "The agreement establishing the CFTA (African Continental Free Trade Area) was signed by 44 countries," said Moussa Faki Mahamat, chairperson of the AU commission. The creation of a free trade area -- billed as the world's largest -- comes after two years of negotiations, and is one of the AU's flagship projects for greater African integration. However, the agreement will still have to be ratified at a national level, and is only due to come into force in 180 days. The full list of countries which did...
(Reuters (Eng) 02/27/18)
ABIDJAN (Reuters) - Talks with Bayer to reintroduce genetically modified (GM) cotton in Burkina Faso are on hold pending the German drug and crop chemicals maker’s acquisition of U.S. rival Monsanto, the head of the West African nation’s top cotton company said on Tuesday. Burkina Faso - Africa’s leading cotton grower in recent years - became a showcase for GM cotton technology on the continent when it introduced varieties containing Monsanto’s Bollgard II trait in 2008. However, in 2016 it abandoned the Monsanto varieties, complaining they led to a drop in cotton fiber length resulting in around $85 million in lost earnings for Burkina Faso’s cotton companies. Wilfried Yameogo, the director of Sofitex, Burkina Faso’s biggest cotton company, said it...
(AFP (eng) 02/19/18)
About 224 million people are suffering from malnutrition across Africa as climate change and conflicts heighten food insecurity across the continent, a top UN food agency official said Monday. The official, speaking at a conference on Africa organised by the UN's Food and Agriculture Organization (FAO), said the situation was a "cause of concern" as the continent's population was expected to reach 1.7 billion by 2030. "Under-nourishment appears to have increased from about 21 percent to nearly 23 percent between...
(AFP (eng) 01/24/18)
The Gates Foundation will invest $45 million in nutrition and family planning programs in Burkina Faso, Melinda Gates said on Tuesday during a visit to the capital Ouagadougou. "The Bill and Melinda Gates Foundation will invest $45 million (23.5 billion FCFA) over three years in various programs to improve the nutrition and health of women and children in Burkina Faso," said the foundation in a statement. The bulk of the money, $34 million, aims to fund programs that promote nutrition...
(AFP (eng) 12/20/17)
Burkina Faso is banning imports from North Korea to comply with tough UN economic sanctions punishing Pyongyang's weapons programmes, the government said Wednesday. The decision comes after an inquiry by the United States in October showed that Burkina Faso was still trading with North Korea despite sanctions imposed the month before. "Following this inquiry, we conducted a thorough investigation at the commerce ministry and at the level of the finance department and found that there were economic operators importing from North Korea," said Foreign Minister Alpha Barry. "Instructions have been give to the two ministries to end these importations," he said.
(APA 12/15/17)
APA-Ouagadougou (Burkina Faso) - Bientôt, la capitale burkinabè, Ouagadougou, va bénéficier d’une voie de contournement longue de 125 kilomètres, a-t-on appris vendredi, de source gouvernementale. Selon le ministre en charge des Infrastructures Eric Bougouma qui s’est exprimé jeudi sur le sujet, à l’issue du conseil hebdomadaire des ministres, cette voie va coûter 181 milliards de CFA. Il a précisé que le projet sera exécuté en quatre ans et qu’un accord est en train d’être trouvé avec l’Entreprise Bonkoungou Mamadou et...
(Agence Ecofin 12/12/17)
Huawei International has officially started construction works for the first stage of the national fiber optic backbone project, on December 10, 2017. This stage which extends on a distance of 2,001 km was officially launched in Gaoua, in the region of Bafuji, by the president of the Republic, Roch Marc Christian Kaboré (photo). This first phase is estimated to cost CFA50 billion. It was financed via a 12-year loan with a 3-year grace period, backed by the Bank of China...
(AFP (eng) 11/28/17)
Hard cash but also the intangible ties of history have kept Europe in pole position as Africa's main partner, even if an influx of Chinese investment is prompting many African countries to look eastward. Successive years of hefty spending, particularly in infrastructure, have propelled China into the continent's top slot when calculated in terms of individual investor nations. But a quite different picture emerges when this is seen through a broader prism -- the ties between Africa and Europe as...
(AFP (eng) 11/28/17)
West Africa's biggest solar power plant goes onstream on Wednesday as Burkina Faso, one of the world's poorest countries, inaugurates a novel scheme to boost renewables and cut energy dependence on its neighbours. The 55-hectare (135-acre) plant at Zagtouli on the outskirts of the capital Ouagadougou will be able to churn out 33 megawatts -- enough to power tens of thousands of homes. Presiding over the opening ceremony will be Burkinabe President Roch Marc Christian Kabore and his visiting French...
(Xinhuanet 11/17/17)
Sino-African relations have entered a new development stage of win-win cooperation, according to the fifth Biennial Conference of China-Africa Industrial Forum (CAIF) that opened here Thursday. Supporting Africa's industrialization and capacity cooperation are of vital importance in the next five years and Sino-African trade is likely to total 180 billion U.S. dollars in 2017, said CAIF secretary general Cheng Zhigang in the opening speech. Sino-African economic and trade cooperation has great potential, said Cheng. China has been Africa's largest trading...
(APA 11/14/17)
Nigeria, Senegal and Cape Verde dominate the West African hotel pipeline with 77 percent of the total planned hotel rooms. W Hospitality Group’s 2017 Hotel Chains Pipeline report shows that hotel groups need tackle lengthy development periods in West Africa, according to a press release issued by API Events and seen by APA Tuesday. West Africa has been at the heart of the continent’s growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017,...
(Reuters (Eng) 11/14/17)
KIGALI (Reuters) - The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and caused chronic dollar shortages and immense pressure on local currencies. The fiscal slump has meant governments have not allowed foreign airlines to...
(Agence Ecofin 10/31/17)
In Burkina Faso, migration toward digital Tv should be effective by the end of January 2018. This was disclosed by Rémis Fulgance Dandjinou (picture), Burkina’s minister of communication, last October 28, as he was on-air on the “Antenne Directe” show of the country’s public radio. While discussing with the public radio station’s journalists, the minister has first explained reasons for the delay in the launch of the terrestrial digital Tv (TDT), initially planned for September 30, 2017. According to Dandjinou,...
(Agence Ecofin 10/31/17)
According to new estimates, the M1 south deposit currently holds 1.2 million tons of indicated resources grading at 14.4 g/t Au (for 556,000 oz) and 0.41 million tons of inferred resources, grading 14.4 g/t Au (191,000 oz). Meanwhile, resources of the M5 deposit rose by 40% now valued at 35.9 million tons, grading 1.3 g/t Au (1.46 million oz) for indicated resources, and 12 million tons grading 1.1 g/t Au (410,000 oz) for inferred resources. “The results show that Sanbrado...
(Reuters (Eng) 10/31/17)
HARARE (Reuters) - Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South African are the biggest economies in Africa south of the Sahara, but both nations have been clouded by political uncertainty linked to the tenure of their leaders. The IMF said a...
(Reuters (Eng) 10/30/17)
UNITED NATIONS/ABIDJAN (Reuters) - The United States has promised up to $60 million to support the Group of Five Sahel States (G5 Sahel) Joint Force’s counter-terrorism efforts, the State Department said on Monday. The force - which will eventually comprise nearly 5,000 troops units from Mali, Niger, Burkina Faso, Chad and Mauritania - is meant to counter a growing jihadist threat in West Africa’s arid Sahel region that includes groups linked to Al Qaeda and Islamic State. It is due...
(AFP (eng) 10/24/17)
The 15-nation West African bloc ECOWAS told regional leaders Tuesday that the goal of establishing a single currency among their economies in 2020 had failed. "The roadmap has not been implemented vigorously," Marcel de Souza, president of the ECOWAS Commission, told a summit in Niamey, the capital of Niger. "We cannot move to the single currency in 2020," he said.
(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008...
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...

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