Last June, Burkina Faso's telecom regulator unveiled new terms for mobile telecom operators' offers, which were developed closely with consumer associations but rejected by the telecom companies. The Regulatory Authority for Electronic Communications and Postal Services of Burkina Faso (ARCEP) announced earlier this week the suspension of the new terms applicable to mobile telecom operators'...

Senegalese opposition figure Ousmane Sonko was sentenced to two years in prison for "corruption of youth” in July this year. He has since been trying to get the sentence lifted. He believes the sentence is a political maneuver to sideline him from the 2024 presidential race. Senegalese opposition leader Ousmane Sonko (pictured) has just won an important round in his legal battle with the...

After having provided technical assistance grants to the cold chain development company Ifria in 2021, the U.S. financial institution DFC has decided to finance the construction of Ifria refrigeration facilities in two African countries. Yesterday, the U.S. Development Finance Corporation (DFC) announced the signing of commitment letters worth a total of $20 million with Ifria Cold Chain...

The money will serve to rebuild infrastructures in the Al-Haouz province which was hit by a deadly earthquake on September 8. The European Investment Bank (EIB) will lend Morocco a billion euros ($1.06 billion) over the next three years. This is to help the country rebuild in areas that were hit last month by a deadly earthquake.  The announcement was made on October 11, by the EIB’s...

After its first-ever investment in Africa’s creative industry last month, the International Finance Corporation is exploring further investments in this sector, in conjunction with Sony Group Corporation. The International Finance Corporation (IFC) and Sony Group Corporation have signed a partnership agreement to explore investment opportunities in creative businesses in Africa. The two...

The pan-African group AXIAN announces the appointment of Erwan Gelebart as the CEO of its Open Innovation & Fintech division. In his new role, his mission will be to transform and develop AXIAN's fintechs to ensure a pioneering and innovative leadership position for the Group in the sector. With the support of his teams, Erwan will also lead the overall innovation strategy across the Group and...

Securiport, a global leader in civil aviation security with an expertise in the use of data analytics and rules-based targeting for risk assessment and threat detection, confirmed its Diamond level sponsorship of the Airports Council International Africa Annual General Assembly, Conference and Exhibition held on October 14-20, 2023, in Dakar, Senegal. As a Diamond sponsor of this annual event,...

Pan-African conglomerate AXIAN Group is pleased to announce the appointment of Amélie Yan-Gouiffes as Impact & Sustainability Group Director. In her new role, Amélie will be responsible for devising and implementing the Group's impact and sustainability strategy, championing its numerous achievements and showcasing its ambitious vision. She will enable the Group’s various business clusters -...

Benin achieved a remarkable performance for the latest global tax expenditure transparency index. The country has entered the top 10 most tax-transparent countries globally, securing the 8th position with a score of 66.3/100 and standing as the sole African representative in this category. The country even outperformed powerful countries like the United States and Italy. This ranking, published...

Over the past four decades, Shelter Afrique has financed several housing projects in Africa. Now, it has taken a new, major step, morphing into a development bank. Pan-African finance institution Shelter Afrique is now a development bank. The Nairobi-based lender, rebranded Banque de développement Shelter Afrique (BDShaf), announced the change on October 12,  a week after the approval of...