An econometric model shows that Kenya’s GDP would have been just US$76 billion, instead of US$84 billion, in 2019 but for mobile money.   The successful adoption of mobile money in developing countries, particularly in Africa, can add one percentage point to the per capita GDP growth every year, says a report recently published by mobile operators Vodafone, Vodacom, and Safaricom in...

In January, the IMF approved a 36-month ECF arrangement worth about US$455 million for the Republic of Congo. An IMF team recently visited the country to assess the progress of the reform program contained in the deal.  In Congo, public debt is sustainable, but the risk of debt distress is high, the International Monetary Fund (IMF) said in a statement issued on Tuesday, December 6, 2022,...

Afruibana welcomes the publication by the European Union of its Directive on Adequate Minimum Wages and calls for its principles to inform the debate in producing countries around the concept of "living wages".  Paris, December 6th 2022: On the 4th October, the European Parliament and Council reached an agreement on the proposed directive which « provides for the promotion of the...

Prime Minister along with the Minister of Communications & IT witness signing agreement between Atos and Egypt’s ITIDA to expand Atos’ operations in Egypt. The new GDC provides cutting-edge, best-in-class digital services to clients across the globe Cairo, Egypt - December 5, 2022 - Atos today announces the opening of its new Global Delivery Center (GDC) facility in Cairo, Egypt concluded in...

The fund will support investment entities struggling to mobilize financing to achieve their objectives.  Last Thursday, Mastercard Foundation announced the launch of a US$200 million fund to support founded-and-based-in-Africa investment entities that are struggling to mobilize resources to reach their goals.  According to one of the media outlets that reported the news, 180 venture...

Over the past four months, 46 Ivorian soldiers are detained in Mali, which accuses them of being mercenaries sent to destabilize the country. As the anti-coup force announced last July is taking shape, the institution is hardening its stance against the Malian junta.  At the end of the 62nd ECOWAS summit, last Sunday, an ultimatum was given for Mali to release the 46 Ivorian soldiers it is...

In 2020, UNICEF launched a global initiative to ensure millions of children have access to quality education via the Internet, as Covid-19 had reduced social interaction. It is relying on telecom operators to guarantee internet access, which is important for the success of the project.  Telecom operator Airtel Nigeria and the United Nations Children's Fund (UNICEF) announced, Friday...

According to the West African central bank BCEAO, Côte d’Ivoire is the country where access to credit is more favorable for large firms in the region. Meanwhile, Senegal is the most favorable country for SMEs.  In the WAEMU community, Côte d’Ivoire is the country where interest is lower for loans to large firms. According to the recent report on credit conditions published by the...

In recent years, several studies have emphasized the importance of native languages in various sectors of Africa.  In Nigerian primary schools, courses will now mainly be taught in native languages. On December 1, 2022, the government approved a national language policy proposed by the Minister of Education, Adamu Adamu.  According to the government official, “pupils learn faster”...

With 212.2 million mobile subscribers, Nigeria is the largest telecom market in Africa. Its regulator wants to ensure that all the equipment used in the sector meets quality standards and is suitable for the local market.  The Nigerian Communications Commission (NCC) has once again warned consumers against using unlicensed and counterfeit mobile devices. According to the regulator, ...