In Africa, the demand for data centers is growing, along with rising demand for broadband connectivity and cloud services. To meet those demands, local and foreign companies are stepping up investments. Last week, Ghanaian vice president Mahamudu Bawumia (photo, right) inaugurated a Tier 4 data center at Amrahia, in the Greater Accra region. The 20 megawatts infrastructure costs US$48 million....

With the economic recovery on track, banks increased the volume of credit granted to economies in the WAEMU zone. The increased volume nevertheless hides the marginalization of actors, who are usually crucial supports for economic resilience in crisis times.  Over the 12-months-ending on March 31, 2022, the volume of credits granted by banks in the WAEMU region rose to XOF6,884.8 billion...

The Merck Africa Bureau aims to accelerate the business transformation of the company operations in Africa to ensure sustainable business and create long-term value.  Merck, a leading science, and technology company, announced today its further commitment to Africa, by strategically expanding its access and awareness programs and strengthening the health systems and patients in low-...

“Africa can no longer outsource its healthcare security to the benevolence of others” – Akinwumi Adesina The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines,...

About six months to the end of the finance year, Societe Generale Côte d'Ivoire’s share is on an uptrend with solid stock performance. However, the performance will not benefit many local retail investors.  Although its share price fell by 4.6% on Thursday 23 June, Societe Generale Côte d'Ivoire is currently the leading listed bank on the Abidjan Regional Securities Exchange (BRVM). The...

In Africa, there is a growing number of initiatives to boost the local medicine production capabilities. In the same wake, leaders and international partners want to increase the number of vaccine factories on the continent.  German pharmaceutical company BioNTech recently launched the construction of Africa's first modular messenger RNA (mRNA) vaccine manufacturing facility. It disclosed...

Last February, the communications authority announced its intention to deploy the 5G in Kenya this year, bringing ultra-high connectivity to the population in a context marked by growing demand.   The Communications Authority of Kenya (CA) announced, Thursday (June 23), a technical cooperation agreement with Huawei, with immediate effect. Renewable every five years, the agreement...

The coronavirus pandemic and the resulting accelerated digital transformation increased demand for high-speed connectivity worldwide. New consumption patterns have also emerged.  Fifth-generation (5G) mobile subscriptions will cross the 1 billion mark by the end of 2022, Ericsson indicates in its recently-published mobility report. According to the Swedish tech company,  that number is...

The initial US$788.10 million phase of the program will target Ethiopia and Madagascar, two countries hit hard by drought.  The World Bank announced Tuesday (June 21), a US$2.3 billion program to help Eastern and Southern African countries fight food insecurity.   According to the multilateral financial institution, by next month, 66.4 million people will experience food stress,...

Nine months after raising US$120 million to strengthen its operations in Egypt, microfinance and digital payments solutions provider MNT-Halan is acquiring an online consumer goods company. Egyptian fintech MNT-Halan announced Wednesday (June 22), the acquisition of Talabeyah, a shopping platform that offers access to a wide range of consumer goods.   The terms of the transaction were...