The ICIJ consortium's investigation into the "Pandora Papers", which denounces tax havens, has named 43 African leaders, including Ivorian Prime Minister Patrick Achi (pictured). Accused of holding an offshore company, the politician said he does not recognize himself in this "illegal action". In a statement sent to AFP yesterday, October 4, the office of the Prime Minister explained the...

Since the announcement of the end of the Barkhane operation, the relations between France and Mali have started to deteriorate. French President Emmanuel Macron's recent comments on the issue have sparked reactions from Bamako. Malian authorities have summoned the French ambassador to Mali, Joel Meyer. An official statement issued yesterday, October 5, revealed that the Malian Foreign Minister...

Over the past six years, Egyptian tech companies have dominated the North African region, capturing the largest share of funding raised. They attracted 80% of the total investments made in the region over the period. The figure is revealed in a report issued last October 4 by Baobab Insights. Tunisia came second with 11% of investments while Morocco captured 8%. Algeria is the worst performer...

African Development Bank President Dr Akinwumi A. Adesina has said that a concerted effort to change the narrative on Africa in the United States is necessary to attract increased investments into the continent. He said the need for advocacy in the United States made having an African Development Bank office in Washington a matter of importance, and that he would be pursuing approval with the...

Africa-focused investment fund manager Development Partners International (DPI) announced it has closed its third African fund -African Development Partners III (ADP 3) at $1.15 billion. This amount is well above the $800 million it was hoping to raise. In addition to the $900 million in commitments, an additional $250 million will be provided as co-investment capital. ADP 3...

The relations between France and Mali seem to be in turmoil since the announcement of the end of Operation Barkhane. On September 25, the Malian Prime Minister, Choguel Maïga, accused Paris of abandoning the country amid growing terrorism. In an interview with France Inter radio, French President Emmanuel Macron (pictured) talked about the tumultuous relations between his country and Mali. "I...

Burkina Faso continues to suffer increasing jihadist attacks despite countermeasures. An army detachment based in the village of Yirgou was attacked on Monday, October 4 by terrorists. The news was reported in a statement by the Defense Ministry. The official death toll was 14 soldiers killed and seven wounded. Many of the attackers were also neutralized. According to a local radio station, the...

The global air traffic has started a gradual post pandemic recovery. The volume of cargo transported by African airlines grew by 33.9% between August 2019 and August 2021, while the global demand for cargo traffic (measured in ton-kilometers) increased by 7.7% between the two periods. The figures are provided by the International Air Transport Association (Iata). The comparison is made to August...

The Covid-19 pandemic has forced telecom operators to expand their data capacities. But only a few people, mainly in urban areas, have benefited from this reform. According to the Global System Operators' Association (GSMA), the mobile Internet penetration rate was 28% in sub-Saharan Africa in 2020 compared to a mobile penetration rate of 46%. The association attributes this gap to the high cost...

Côte d'Ivoire has been building its 7,000 km long national optical fiber network since 2012. Nearly 5,000 km have already been deployed. The Kaydan group wants to partake in the country’s digital transformation. The Ivorian group Kaydan is planning to invest in the optical fiber segment in Côte d'Ivoire. During a meeting, last September 28, with the Minister of Digital Economy, Roger Adom,...