Egypt wants to revive its automotive industry whose production has been dropping constantly since 2009-2010. In that regard, it developed a national program, which will greatly benefit from the announced plan.   Luxury automotive brand Mercedes-Benz plans to localize electric vehicle (EV) manufacturing in Egypt. The information was disclosed by the country’s Ministry of Trade in a...

In December 2021, the NCC carried out a 5G spectrum auction, which was won by MTN and Mafab. With the announced rollout, Nigeria will soon join the closed rank of African countries where the 5G technology is already deployed.  MTN Nigeria Plc and Mafab Communications ltd will start the rollout of 5G technologies next August 24. This was announced on Wednesday, May 4, by the Nigerian...

In the framework of its IPDEV 2 program, which aims to incubate and launch 10 funds in 10 African countries, Investisseurs & Partenaires group plans to create an investment fund in Guinea by late 2023. The fund will specifically target Guinean SMEs.   Impact Investment group Investisseurs & Partenaires (I&P), announced today, May 5, its plans to set up an impact investment fund...

In January 2012, the ECCAS heads of state approved the CAB project aimed at interconnecting member countries’ fiber-optic infrastructure. The interconnection is expected to lower telecom costs and improve access.   Cameroon and the Central African Republic (CAR) want to finalize their fiber optic interconnection in the framework of the Central Africa Backbone (CAB) project, by the...

In January 2022, in the WAEMU region, inflation reached a 6-month high of 7.9%. In February, it dropped to 6.1% but, the following month, it appears to have resumed its uptrend course.   In the West African Economic and Monetary Union (WAEMU), inflation rose to 6.6% in March 2022, from 6.1% a month earlier. The figures were reported by the central bank BCEAO in its latest monthly...

On 20 April 2022, Congo Terminal, a subsidiary of Bolloré Ports, introduced two new RTG cranes worth €3.8 million (2.5 million CFA francs). The equipment was delivered in March and the company has been able to grow its fleet and currently has 20 RTG cranes. With a lifting capacity of 40 tonnes, this next-generation equipment will boost delivery rates and reduce the time required to...

The two groups intend to create the largest African non-banking financial services entity.  Sanlam, Africa’s largest insurance company, announced Wednesday, May 4, an agreement with Allianz “to combine current and future operations across Africa.” According to a joint release, the agreement aims to “create the largest pan-African non-banking financial services entity on...

The Western Cape wants to facilitate access to broadband internet for all its residents. A few weeks ago, MTN announced a US$51.1 million investment in its broadband infrastructure.  In South Africa, the Western Cape government has secured a ZAR20 million (US$1.3 million) grant from the U.S. government for the feasibility studies of a broadband expansion project. The grant agreement was...

In early September 2021, diplomatic sources announced the arrival of Wagner group in Mali following an agreement with transition authorities. The latter have always denied the fact claiming instead that only Russian advisors and instructors were present alongside their armies.  The Russian paramilitary group Wagner is indeed present in Mali. The information was confirmed by Sergei Lavrov...

All across Africa, demand for telecom services is booming. To keep up with the demand, operators are increasing investments. Zimbabwean parastatal telecom operator TelOne inaugurated, Thursday (April 28), a data center and a customer experience center in Bulawayo, the second-largest city in the country.  Both facilities were deployed to enhance the speed of the internet connection offered...