The  Africa Investment Forum held a roundtable event to preview two agribusiness deals worth nearly $400 million as part of the lead-in to its upcoming 2021 Market Days. The investment opportunities, drawn from the Africa Investment Forum’s pipeline, will be presented in full during the Market Days, to be held from December 1-3 in Abidjan. The virtual roundtable, organized by the...

The Egyptian government signed last week, through the National Company for Telecommunications Services (NCTS), a service agreement with the high-speed satellite internet service provider Hughes Network Systems. The deal will give NCTS access to various solutions, including two Hughes Jupiter System gateways, a network management system, to provide connectivity in rural areas via the Tiba-1...

The value of all financial assets in the world increased by almost 10% in 2020 to €200 trillion. This amount takes into account all bank deposits, as well as the total value of financial securities and assets held in financial accounts and pension funds. The estimates are made by insurance company Allianz. This increase occurred in a year marked by one of the deadliest pandemics in recent...

Global debt could soon reach 260% of GDP, but low-interest rates make it bearable. This was the comment made today October 7 by Vera Chaplin, MD of S&P, during the Asia Briefing Live forum co-hosted by Bloomberg and Asia Society Australia. This optimism seems to fade away when it comes to Africa, which is labeled an “over-indebted” continent. A debt crisis is looming but with interest rates...

Nearly 50% of malaria cases in 2019 were reported in 6 African countries. Data from the World Health Organization revealed that Nigeria alone recorded 23%, followed by DR Congo (11%), Tanzania (5%), Burkina Faso (4%), Mozambique (4%), and Niger (4%); 67% of deaths from the disease occur in children under the age of five. The World Health Organization (WHO) has approved and recommended the...

After a Covid-19-induced recession in 2020, the sub-Saharan economy is expected to rebound to 3.3% this year through to at least 2023. According to the World Bank, growth could be higher if vaccines were deployed more effectively.  In Africa’s Pulse report published yesterday October 6, the Bank provided an outlook for the SSA economy from 2021 to 2023. After 3.3% this year, growth is...

The African Development Bank Group, on 7 October 2021, announces the 36-month debarment of Express Automation Limited with effect from 18 August 2021. Express Automation Limited is a limited liability company registered under the laws of the Republic of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Express Automation Limited engaged in...

Serge Agnero has been appointed Regional Director for the Gulf of Guinea with Bolloré Transport & Logistics, effective from 6th October 2021. He succeeds Mohamed Abdoulaye Diop, who has transferred to the Atlantic Region of Africa. After holding the functions of Managing Director of Bolloré Transport & Logistics Gabon from 2019 to 2021, Serge Agnero will now head the company’s business...

Google announced it will invest $1 billion over the next 5 years to support digital transformation in Africa. The announcement was made today by Sundar Pichai (pictured), CEO of Google and Alphabet, during the first ever Google for Africa event held online and broadcast live. The initiative will help improve access to the Internet and digital products, support startups, empower businesses,...

In its 2021 ranking, Transparency International placed Côte d'Ivoire and Burkina Faso 104th and 86th respectively among the most corrupt countries in the world. While national initiatives already exist, the two countries want to pool their efforts to be more effective. Côte d'Ivoire and Burkina Faso signed yesterday a partnership agreement to strengthen their cooperation in the fight against...