After more than three weeks as head of Guinea, Colonel Mamady Doumbouya wants to comply with the new Transition Charter. He will be officially sworn in as president by the Guinean Supreme Court tomorrow. The head of Guinea's ruling military junta, Mamady Doumbouya (pictured), will be sworn in on Friday, October 1. The announcement was made on September 29, on national television. Mamady...

In its recent new white paper, the World Economic Forum (WEF) highlights the importance of directing current and future funding to cleaner energy solutions. The paper was written in collaboration with Deloitte. The “Financing the Future of Energy” report identifies financing options to accelerate Africa's energy transition and reduce carbon emissions. “The entire continent remains...

In its recent new white paper, the World Economic Forum (WEF) highlights the importance of directing current and future funding to cleaner energy solutions. The paper was written in collaboration with Deloitte. The “Financing the Future of Energy” report identifies financing options to accelerate Africa's energy transition and reduce carbon emissions. “The entire continent remains...

ABCHealth in collaboration with UNECA and NIH gathered African leading health experts, business visioners and development institutions to collaborate on a path for universal health for Africans, during UNGA76 week. The Africa Investment Summit on Health has been hailed as the long-awaited continental effort to galvanize cohesive actions that will help scale and achieve capacity in the African...

Between January and September this year, West African tech companies raised $1.34 billion in investment. According to the analysis platform Baobab Insights, the resources were raised through 105 financing deals, with fintech companies leading the way with 35 deals. Nigeria captured the largest share of investments. As of September 21, 2021, Baobab Insights reports, nearly $729.1...

Access Bank is once again tapping the international debt market. The operation could enable the bank to meet the upcoming deadlines for the repayment of its dollar-denominated debt. The growing demand for foreign currency in Nigeria could also be an opportunity. Nigerian banking group Access Bank seeks to raise $1 billion on the international bond market, we learned. On September 14, the...

The Telecom penetration rate has declined in Malawi between 2019 and 2021, according to Hootsuite and We Are Social. With digital transformation at the heart of future economic development challenges, the country has revised its plans to densify network coverage. The Republic of Malawi has adopted a universal telecommunications service strategy for the next five years. The plan was developed by...

The Ivorian electrical cable manufacturer -Sicable- experienced a difficult first half of 2021. Operating profit was down 63.9% YoY and income shrunk by 18.7% YoY to CFA8.49 billion over the period. The company’s net result also fell by 73.5% YoY to CFA303.7 million ($543,140) in H1 2021. The figures mean that over the first six months of 2021, Sicable did not make enough money with its...

Côte d'Ivoire has set plans to boost its economy, leveraging key sectors including tourism. The "Sublime Côte d'Ivoire" project set up by the government is expected to make the country a hub of tourism in Africa. Côte d'Ivoire aims to become the fifth tourist destination in Africa. The announcement was made by the Prime Minister, Patrick Achi, on September 27, during the celebration of the...

The Netherlands and the International Trade Centre (ITC) signed today a partnership agreement called the Netherlands Trust Fund V (NTF V). In an official statement, the ITC said the deal will support innovative projects developed on the continent to enhance trade competitiveness and agro-industrial services for better positioning of African companies on international markets. The partnership...