The Africa-Europe Foundation launches its 2022 High-Level Group of Personalities’ annual report assessing the state of play of the commitments of the Africa-Europe partnership. The Report’s launch comes eight months after February’s long-awaited summit between the African Union and European Union leaders, closely followed by Russia’s invasion of Ukraine one week later. The report has...

Nigeria is Africa's largest telecommunications market with approximately 210 million mobile subscribers. Its success has attracted several peers who aim to emulate it, as digital transformation is accelerating across the continent. The Gambia wants to capitalize on Nigeria’s experience to accelerate the development of its telecom sector. To this end, Ousman Bah (photo, left), Gambia's...

DRC is faced, since late 2021, by an upsurge of attacks by the M23 rebel Group. According to the government, the group is backed by Rwanda. The accusation was supported by a UN report. On Saturday, October 29, the Democratic Republic of Congo (DRC) expelled Rwandan ambassador Vincent Karega (photo, left) from its territory, following a decision by the High Council of Defense chaired by...

Amid a never-ending inflation, the Central Bank of Nigeria wants to combat counterfeited naira. It plans to replace the NGN100, 200, 500 and 1,000 bank notes currently circulating with new ones by the end of January 2023.  The Nigerian Central Bank (CBN) will put new naira banknotes in circulation by December 15, 2022, governor Godwin Emefiele (photo) announced at a press conference in...

In 2020, when it began 5G testing, Safaricom did not plan to proceed to the commercial launch so soon. The operator changed its mind due to demands for increasingly high data capacities.   Kenyan telecom operator Safaricom announced, today, the commercial launch of its fifth-generation (5G) mobile network. The operator thus becomes the first Kenyan mobile operator to launch this...

The agreement comes after a 15% devaluation of the Egyptian pound, which was one of the conditions required by the international financial institution to support the country. The International Monetary Fund (IMF) and Egypt have reached an agreement on a US$3 billion financing program, the institution’s resident representative, Ivana Holler announced today.   In an interview with...

The green bonds are announced just weeks after Gabon issued the second-largest carbon issue.   Gabon plans to issue between US$100 million and US$200 million in green bonds to fund the construction of hydroelectric plants, Bloomberg reported earlier today, citing an executive of the Gabonese Strategic Investment Fund (FGIS). “We are looking at raising a green bond to continue...

The Board of Directors of the African Development Bank Group on 26 October 2022 in Abidjan approved a loan of €63.6 million to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium Industries will implement the project in four regions in central Senegal: Kaolack, Kaffrine, Fatick, and Diourbel. Its...

When it took over Comium Gambia, Monty Mobile committed to solving the operator's financial and operational problems. It now wants to use the operator as the reference for its expansion in the growing African telecom market.  The British telecom company Monty Mobile recently signed a partnership agreement with Tecnotree to digitalize the network and services of Gambian mobile operator...

With 481 startups employing nearly 20,000 people, about 150 incubators, and more than US$2 billion in fundraising, Nigeria is positioning itself as the epicenter of the tech ecosystem in Africa. Between January 2015 and June 2022, 641 investors spent US$2.06 billion on 383 Nigerian startups, according to a report published in October by the specialized news platform Disrupt Africa.  The...