Africa News

Africa : Former US ambassador Tibor Nagy in running for major State Department role

Rumours of appointments to the US secretaries of state positions are becoming clearer, in particular that of the former ambassador to Guinea and Ethiopia, Tibor Nagy, to the post of under-secretary of state for management at the State Department. ​Rumours of appointments to the US secretaries of state positions are becoming clearer, in particular that

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Gabon : Ex-Energy Minister Jeannot Kalima takes the fall for Karpowership case

Former energy minister Jeannot Kalima, who was behind the deal signed last year with the Turkish operator Karpowership to supply Libreville with electricity, had been in the firing line of several presidential advisers. ​Former energy minister Jeannot Kalima, who was behind the deal signed last year with the Turkish operator Karpowership to supply Libreville with

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Ghana : Why IFC is supporting cocoa trade via local bank

The International Finance Corporation, the World Bank’s private investment arm helmed in Africa by the Franco-Portuguese Sérgio Pimenta, is due on 17 February to consider a $40m loan to Societe Generale Ghana, a 57%-owned subsidiary of the French bank Société Générale. ​The International Finance Corporation, the World Bank’s private investment arm helmed in Africa by

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Ivory Coast : Cost of new African Development Bank HQ revealed

The African Development Bank’s old premises in Abidjan will be demolished to make way for new ultra-modern buildings. According to estimates, they will cost $700m. ​The African Development Bank’s old premises in Abidjan will be demolished to make way for new ultra-modern buildings. According to estimates, they will cost $700m. Read More

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Morocco : Paris and Rabat honour each other at respective agricultural trade fairs

Designated as guest of honour at the Salon International de l’Agriculture in Morocco, to be held from 21 to 27 April, France will in turn be showcasing Morocco at this year’s Salon International de l’Agriculture and Sommet de l’Elevage. ​Designated as guest of honour at the Salon International de l’Agriculture in Morocco, to be held

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Southern Africa : Gemfields scales back emerald and ruby ambitions in southern Africa

London-based Gemfields, which claims to produce half the global supply of rubies and a quarter of the world’s emeralds, is changing course. Its South African CEO Sean Gilbertson has indefinitely halted “all non-essential spend” at its mining sites in Zambia, Mozambique and […] ​London-based Gemfields, which claims to produce half the global supply of rubies

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