Africa Business

AfDB signs five-year agreement to use FIDIC standard contracts

ABIDJAN, Ivory Coast, January 13, 2020/ — The International Federation of Consulting Engineers (FIDIC) ( has secured a major agreement with the African Development Bank ( that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years. Under the terms of the agreement, FIDIC has granted Read more

UN Libya Mission strongly condemns bombing of military academy, at least 30 dead

The UN Support Mission in Libya (UNSMIL), on Sunday strongly condemned the bombing of a military academy in the capital Tripoli, which according to news reports left at least 30 dead and more than 30 others wounded.  Saturday’s bombing reportedly took place as cadets were gathering on a parade ground at the Hadaba academy in Read more

Africa: Angola freezes assets of ex-president’s daughter over corruption allegations

An Angolan court has ordered the freezing of assets held by former President Eduardo dos Santos’ daughter Isabel, state news agency Angop reported on Tuesday. Report says it is the latest high-profile case in government’s anti-corruption drive. The asset freeze followed an injunction application by the state, which is seeking to recover around 1 billion dollars of Read more

Africa: Continued airstrikes in western Libya ‘utterly unacceptable’, says UN mission chief

The top United Nations official in Libya has condemned recent airstrikes targeting civilian installations that left at least three people dead and several others injured NEW YORK, United States of America, December 30, 2019/APO Group/ — Ghassan Salamé, head of the UN Support Mission in the country, UNSMIL, called for greater civilian protection following the incidents, which Read more

Christmas ‘cancelled’ in Burkina Faso, in aftermath of extremist attacks

President Roch Marc Christian Kabore has declared 48 hours of national mourning, and all Christmas celebrations have been cancelled. Simultaneous attacks by extremist insurgents on a military base and Arbinda town in Soum province in the north of Burkina Faso resulted in the deaths of 35 civilians – almost all of them women – as Read more $500 Billion African Retail Industry Set to Benefit from SGI Dubai 2020
Africa Press Release

US $500 Billion African Retail Industry Set to Benefit from SGI Dubai 2020

Africa’s growing youth population, rapid urbanisation and the increased purchasing power of these consumers, are key factors that are driving this massive US$500 billion retail ecosystem. This high growth industry needs to be equipped with the latest innovation and communication tools to further sustain the growth and attract the right target audience, especially the millennials. Read more

Africa: Benin as a Paradigm for Improving Country Risk

EXX Africa publishes a special report on Benin as a paradigm for improving country risk in Africa. EXX Africa conducted a comprehensive review of the political, economic and security risks facing the country in the coming year and years. Since 2016, the government has embarked on a comprehensive plan for economic diversification and strengthening of the Read more
AFP Africa

Africa: Two Algeria ex-PMs get heavy jail terms in corruption trial

An Algerian court sentenced two former prime ministers to long jail terms Tuesday in the first of a string of high-profile corruption trials launched after longtime president Abdelaziz Bouteflika resigned in the face of mass protests in April. Ahmed Ouyahia was sentenced to 15 years and Abdelmalek Sellal to 12, the state-run APS news agency Read more