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Week commencing 7 October
Amethis has sold its minority stake in Compagnie de Distribution Côte d’Ivoire (CDCI) to Groupe Retail Holding, a Moroccan group which holds several modern distribution franchises. CDCI is the second-largest food retailer in Côte d’Ivoire with 150 stores.
Liquid Africa 2 October
Rwanda’s energy ambitions have been boosted by the endorsement of a financial instrument by the Global Innovation Lab for Climate Finance that will accelerate the deployment of solar home systems. Rwanda aims to connect 300,000 households annually to off-grid energy solutions by 2024.
The New Times 4 October
The Moroccan National Trust Office is launching 14 additional flight routes between various cities in Morocco and France. This adds to the 24 routes established between the two countries earlier this year.
Morocco World News 1 October
Acorn Project, a property developer and manager, has raised $41m from Kenya’s first green bond offering, falling short of the targeted $50m. The funds will be used for the construction of student accommodation in Nairobi. Acorn established 10 special purpose limited liability partnerships to acquire and hold properties and other assets for the project.
Liquid Africa 3 October
Bavaria Fire Fighting Solutions intends to add two additional production lines to its plant with a total investment of $2,1m in 2019. Bavaria’s new investment aims to finance expansion as well as increase the company’s production capacity.
Daily News Egypt 4 October