The Congolese government goes as far as brandishing legal actions and disclosing its will to acquire a controlling stake in the subsidiary.   In Congo, the government is opposed to the agreement reached by French banking group Société Générale for the sale of its local subsidiary to Vista Group, a bank holding company founded and managed by Burkinabe banker Simon Tiemtore. "The...

ICT is at the heart of the digital transformation prioritized by many governments across the globe. Therefore, to accelerate the realization of their digital ambitions, states are exploring mutual collaborations in the sector. Angola and Zambia want to enhance their IT cooperation, reports the Angolan Press Agency (ANGOP). According to the agency, on June 12, 2023, Mário de Oliveira (photo),...

In addition to agricultural support mechanisms, food subsidies are effective means to combat food insecurity worldwide. In Egypt, the food subsidy system is one of the most expensive in Africa.   In Egypt, the executive has decided to allocate EGP128 billion ($4.1 billion) to cover food subsidies in the 2023/2024 fiscal year starting July 1, Reuters reports. The amount is down 12%...

According to the survey published on June 5, most people in the Middle East and Africa believe climate change is already having an impact on their daily lives. Sub-Saharan African residents report higher impacts than MENA residents.   In Africa and the Middle East, 76% of citizens believe that their country should invest in the development of renewable energies, while only 13% feel...

There is an optimistic stance on the WAEMU government securities market. In a resilient economic climate, marked by falling inflation and the central bank BCEAO's announcement of maintaining its key rates, three member states' Union successfully completed their issue operations last week.   Between June 7 and 9, Burkina Faso, Niger, and Senegal raised CFAF116.93 billion on the WAEMU...

In recent years, Burkina Faso has been facing the challenge of terrorist attacks, which pose a threat to its stability and hinder its economic progress. To address this issue, a program has been initiated to strengthen resilience through the establishment of community-owned businesses. In Burkina Faso, transitional President Captain Ibrahim Traoré (photo) recently launched a community...

Building up strategic food reserves is an effective way of managing periods of shortage and improving the availability of commodities on the market. A growing number of African countries are adopting that strategy to improve food security.   On Saturday, June 10, Egyptian Minister of Supply and Internal Trade, Ali Moselhy, launched the construction of a food warehouse on a 4-hectare...

The report reveals that the continent has over 100,000 square kilometers of freshwater reservoirs that could be used for floating solar farms. Exploiting just 1% of this surface area would give a 100GW potential, more than eight times the continent’s overall installed solar capacity.  Africa has the world’s largest floating solar photovoltaic generating potential, according to a report...

Nigerian telecom operators are stepping up investment to meet the growing demand for high-speed connectivity. While some are capitalizing on the 4G, others, like MTN and Airtel, are banking on the 5G.   Nigerian telecoms operator Globacom (Glo) announced last week that it has started rolling out its fourth-generation Long Term Evolution Advanced (4G-LTE Advanced) mobile network in...

The activities of the cryptocurrency exchange Binance have been branded illegal by the Nigerian financial market regulator.  The Securities and Exchange Commission has warned the public and Nigerian investors who invest in this entity. Binance Nigeria Limited, the subsidiary of the crypto exchange platform Binance is going through a difficult time in Nigeria. Its activities were branded...