Rwanda wants to greatly improve the standard of living of its population, modernize infrastructure and transform its economy by 2050. For that purpose, it has launched several programs already. Rwanda will launch a US$40.8 million public services digitization program, the Ministry of Finance announced last Friday. The program will be funded by a US$39.5 million loan and an over US$1.2 million...

The ceasefire agreement recently signed by the Federal Government and Tigrayan rebels provides for the restoration of essential services that were suspended since the beginning of the war. The federal government committed to respecting the ceasefire terms to guarantee lasting peace. Ethiopian incumbent operator Ethio Telecom announces it has restored telecom services in 27 Tigrayan towns,...

The yet-to-be-finalized transaction will mark the French private equity firm's exit from the Egyptian subsidiary of Total. B Investments, the Egyptian subsidiary of French private equity firm BPE Partners, has accepted a close of up to US$30 million to sell its remaining 6.4% stake in TotalEnergies Marketing Egypt. The buyer is TotalEnergies Marketing Afrique SAS (TEMA), French energy group...

In 2022, the Tunisian government raised just US$17 million from the sales of companies confiscated from the Ben Ali clan. It now plans to accelerate its divestment from most of the seized companies, most of which face serious financial challenges. In mid-January 2023, Al Karama Holding, the company that manages the companies confiscated from former president Ben Ali’s relatives, will launch...

The infantry corps known in French as Tirailleurs Sénégalais (Senegalese riflemen) was created by Napoleon III, in 1857. The corps fought in the two world wars and colonization wars for France and, nowadays, several initiatives have been launched to get their various rights recognized and improve their living conditions. Senegalese Tirailleurs' rights are now recognized in France, reveals a...

The investment project is part of the 2035 Plan for an Emerging Senegal (PSE) that aims to reduce social inequalities and injustices and enable Senegal to become an emerging country by 2035. Senegal will invest over US$806.3 million in a new regional investment project, informs a release published at the end of the December 28, 2022, ministerial council. The project, called Regional Priority...

The slowing growth is the result of poor harvests and soaring commodity prices as the country faces its worst drought in more than four decades. Kenya's economy grew by just 4.7 percent in the third quarter of 2022, down from 9.3 percent in the same period of 2021, according to data released Friday, Dec. 30, by the Kenya National Bureau of Statistics (KNBS) According to the source,...

In addition to taking over its sister company Sonatel (Senegal)'s position as the most valued company on the BRVM, Orange Côte d'Ivoire is also reinforcing its parent company Orange's status as a key player in the WAEMU financial market. With Orange Côte d'Ivoire recently getting listed on the WAEMU regional securities exchange (BRVM),  French group Orange's subsidiaries are now weighing...

The alleged dismantling is a new development in the diplomatic tensions between DRC and Rwanda. Previously, DRC had accused its neighbor of backing the M23 rebels who previously captured some strategic towns in its eastern region.  The Democratic Republic of Congo (DRC) has purportedly dismantled a Rwandan spy network operating on Congolese territory. The alleged dismantling was announced...

In recent years, Niger has taken several actions to improve its internet coverage. The government also plans to create a legal framework for effective digital transformation.   Niger has adopted a new National Cybercrime Strategy to strengthen the country's digital transformation, a statement released after the December 27, 2022, Ministerial council informs.   According...