Africa Link Magazine
Voice of Africa in Diaspora
(Ecofin Agency) - Liberia will receive $640 million from the United States Agency for International Development to finance its development project for over five years (2019-24). The agreement deal was signed on May 22 with the United States.
(Ecofin Agency) - The UK-based AgDevCo, which targets agribusinesses in sub-Saharan Africa, announced it has invested an undisclosed long-term loan in Pee Pee Tanzania Limited, a company that manufactures and distributes grain storage bags.
(Business in Cameroon) - Nigerian giant Dangote Cement reports that its Cameroonian subsidiary controlled 38% of the local cement market in the first quarter of 2020.
(Business in Cameroon) - Cameroonian flour production company Sitrabacam Sarl will soon create 110 additional jobs, the company’s promoters announce.
(Togo First) – The agricultural processing areas that the Togolese government plans to set up, mainly through the creation of agropoles, will be developed through public-private partnerships (PPP). The elaboration of this strategy, as well as the instruments and incentives for its implementation, will be entrusted to a firm, to be selected by the government.
(Ecofin Agency) - The Ivorian government is investing CFA150.9 billion to boost the agricultural and farming sector amid the coronavirus pandemic. The decision was announced following a Presidential Council on the implementation of the economic social and humanitarian support plan initiated by the government to respond to the pandemic.
(Togo First) - Togo’s ministry of culture, tourism, and leisure will rehabilitate the Kara hotel in the northern part of the country.
(WorldStage Newsonline) – The total value of capital importation into Nigeria stood at $5.8 billion in the first quarter (Q1) of 2020, a 31.19 decrease compared to the first quarter of 2019 and an increase of 53.97 per cent compared to Q4 2019, according to “Capital Importation” report released on Tuesday by the National Bureau of Statistics (NBS).