Africa Link Magazine
Voice of Africa in Diaspora
(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.
(Ecofin Agency) - The South African branch of the Vodacom group has become a standalone company with a new Managing Director in the person of Balesh Sharma.
(Business in Cameroon) - Cameroonian flour production company Sitrabacam Sarl will soon create 110 additional jobs, the company’s promoters announce.
(Ecofin Agency) - The government of Rwanda announced on May 21 the disbursement of $152 million to support the national airline -Rwandair- in this pandemic.
(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.
(Ecofin Agency) - The World Bank approved this week $500 million in low-interest loans and grants to battle locust swarms in Africa and the Middle East.
(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).
(Ecofin Agency) - Airtel Nigeria weighted the most in the revenues of Airtel Africa over the financial year 2019 ending March 31, 2020. The Nigerian arm alone generated $1.4 billion, up 5% compared with the previous year and making 40% of the total Group’s revenues over the period.