The Regional Council for Public Savings and Financial Markets (CREPMF), the regulator of the WAEMU regional financial market, received $ 500,000 from the Infrastructure Fund for an Emerging Africa (EAIF). According to available information, this support is expected to help the regulator implement several reforms to mobilize more resources through bond issues on the stock Exchange regional...

In a December 7 statement, the DR Congo government announced it has reached an MoU of over $564 million with the French Development Agency (AFD). Although no further details were provided, this agreement is part of a strategy to strengthen AFD’s investment in the Central African country. The partners also signed two other deals. One of more than $11.2 million for the education sector...

The land issue in South Africa continues to fuel tensions. While the government has stated its ambition to redistribute land to the black population for several years, things do not seem to be moving in this direction. The bill on land expropriation without compensation was rejected by Parliament on December 7. The bill, which provided for an amendment to Article 25 of the Constitution, received...

Côte d'Ivoire has committed since 2018 to further support its startup environment and increase the sector’s contribution to GDP growth. As part of this initiative, the government launched Monday the Startup4Gouv program. The ceremony was presided over by Roger Felix Adom, Minister of Digital Economy, Telecommunications and Innovation, at the House of Business (CGECI) in Abidjan. The goal is...

From an increase of 1.1% a quarter before, the South African economy has shrunk by 1.5% in the third quarter this year. The figures are revealed by the national stats agency StatsSA in a report published Tuesday. The institution mainly attributes this downturn to poor performance in the trade industry. The latter experienced a decline of 5.5% over the period under review, contributing 0.7...

The government of Mali officially launched its e-tax payment platform yesterday December 6, 2021. The ceremony was presided over by Alousséni Sanou (pictured), Minister of Economy and Finance. This is the outcome of a process that has benefited from Canadian cooperation, the expertise of a local task force, and financial institutions established in the country. "The introduction of e-payment in...

After several postponements, the Algerian government has set a new deadline for opening the capital of public banks to foreign investors. Aïmene Benabderrahmane (pictured), the Algerian Prime Minister and Finance Minister said the operation will take place next year. The measure is expected to be deployed as part of a comprehensive review of the governance system of public companies, which will...

Expansion Aims to Enable Organizations to Accelerate Digital Transformation throughout Africa   Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, today announced its expansion into Africa through its intended acquisition of MainOne, a leading West African data center and connectivity solutions provider, with presence in Nigeria, Ghana and...

Gerry Rice, Director of IMF Communications Department, announced in a tweet that Kristalina Georgieva, the institution’s Managing Director, will visit Senegal and the DR Congo this week. From December 8 to 11, Kristalina will meet with Presidents Tshisekedi and Macky Sall, as well as the political leaders and civil society in both countries. As Covid-19 continues to spread, African countries...

Nigeria traded $32.3 billion (N13,283 billion) worth of goods between July and September this year. Although the trade deficit widened to $7.3 billion, up 26.5% YoY, this reflects a gradual recovery in economic activity. Trade exchanges in Nigeria reached $32.3 billion (N13,283 billion) during the third quarter this year, up 10.43% compared to Q2 and up 58.9% YoY. According to the...