In Africa, satellite telecom service providers like Starlink are attracting growing interest from consumers, telecom companies, and governments. In Benin, the regulator aims to regulate this booming market segment. The Regulatory Authority for Electronic Communications and Postal Services of Benin (ARCEP) has established conditions governing the provision of electronic communication services via...

Morocco had 55.8 million mobile subscribers and 2.8 million fixed-line subscribers by December 2023, official data shows. This base is shared among telecom operators Maroc Telecom, Inwi, and Orange. The National Telecommunications Regulatory Authority of Morocco (ANRT) has cut the time limit for number portability from two days to one, effective Tuesday, April 16. This move aims to streamline...

The African Development Bank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries.  The project, titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism in GIABA Member States...

The BOAD's Djoliba 2021-2025 strategic plan places a significant emphasis on the digital economy, with investments totaling CFA3.3 trillion (about €5 billion). The total amount of financing granted by BOAD to the digital sector has risen from CFA15 billion in 2022 to CFA40 billion in 2023, and is set to grow strongly over the next few years, announced Moustapha Ben-Barka, vice-president...

Global Affairs Canada has provided $7.3 million in funding to the Africa Fertilizer Financing Mechanism (AFFM) to enhance sustainable agricultural productivity and smallholder farmer livelihoods, particularly women and youth across Africa. The financing will aid the Mechanism in replicating its credit guarantee programs, enabling fertilizer importers and aggregators to access the product on...

For the first time in Egypt, under the patronage of President Abdel Fattah El-Sisi, the world’s oldest and most prestigious programming contest “International Collegiate Programming Contest (ICPC) World Finals 2023 hosted by AASTMT” is happening in Luxor with Huawei as the Diamond Sponsor.  Under the patronage of His Excellency President Abdel Fattah El-Sisi, Egypt is witnessing a...

Since late 2023, Turaco Gold, an Australian junior mining company, has strategically divested its interests in multiple gold assets in Côte d'Ivoire to concentrate on the Afema project. The company's primary objective is to pinpoint a substantial multi-million-ounce gold deposit to facilitate the development of a new mine. On April 17, Turaco Gold unveiled the initial drilling results for the...

The recent surge in gold prices could boost gold producers' revenues significantly. Galiano Gold, a Canadian company, is poised to capitalize on this trend following its increased stake in the Asanko gold mine in Ghana. For the first quarter of 2024, Galiano Gold reported an average gold selling price of $2,056 per ounce from the Asanko mine in Ghana. This marks an 11% increase from the...

Ivory Coast has rapidly transformed into a major gold producer in Africa, with a record output of 48 tons in 2022 and a projected increase to 55 tons in 2024. To sustain this growth, more deposits must be found.  The Ivoirian Council of Ministers approved on April 17, 2024, the issuance of four exploration permits for gold, each valid for four years, to attract more investors to the...

The United States has allocated an extra $154 million for humanitarian assistance in Ethiopia, bringing their total contribution to nearly $243 million since the start of 2024. This information comes from a statement by the U.S. Department, released on April 16. The aid aims to address urgent needs arising from conflict, insecurity, and climate shocks by providing essential services to...