South African-founded startup WhereIsMyTransport, has raised $201 million (about $14.5 million) in a Series A round. The company actively present in South Africa and Mexico aims to continue its expansion across emerging markets with this new round of funding. Naspers, through its investment arm, Naspers Foundry, led the founding round with participation from Cathay AfricInvest...

Malian President Assimi Goïta is going to allocate most of the President's sovereignty funds to the social sector. He made the announcement on June 7 during his swearing-in ceremony in Bamako. It was at 11:30 am local time that the head of state took the oath before the Malian Constitutional Court and an assembly of representatives of political parties and international organizations gathered...

Morocco will open its borders to international flights as from next June 15. The information was reported in a June 6 statement by the Foreign Ministry. The flight resumption will follow an approach that "combines a gradual opening [...] and preservation of the achievements made by the country to contain the spread of the coronavirus," the statement said.   Under this strategy, the...

Group Vivendi Africa (GVA) officially launched its broadband connectivity operations in Burkina Faso last June 3. The technology proposed by the company for its CanalBox offers - FTTH (Fiber to the Home)- brings optical fiber directly to the customer, whether an individual or a business. "What we give is the speed, we do not talk about mega," the company said. According to the Burkinabe Minister...

Private equity fund SPE AIF I, which focuses on controlling acquisitions in North Africa, has exited Moroccan FMCG retailer H&S Invest Holding (Dislog Group), two years after its investment in the firm. Launched in 2019, SPE AIF I raised $258 million in January 2021 for its final closing and had set out to invest in companies with high growth potential across Africa, especially in the...

Africell, a fast-growing mobile network operator in Africa has closed a major commercial loan facility of $105 million for expansion in Africa. This financing is a syndicate from a leading group of international financial institutions constituting new and existing lenders to Africell. The facility was structured and anchored by Gemcorp Capital, with Gramercy Funds Management LLC, TC Credit...

Ghana is close to joining the group of countries that have issued their cryptocurrencies. The country is working on a digital version of its local currency, the Cedi. With this well-advanced project, the Central Bank Governor Ernest Addison said last week, Ghana becomes the first African country to join this trend already widespread in the Western world. “We are in the advanced stages of...

Liquid Intelligent Technologies, the provider of high-speed optical fiber connectivity, announced on Wednesday, June 2, it has deployed a total of 100,000 km of optical fiber across Africa. At the beginning of 2021, the telecom company said it had 89,989 km of fiber connecting 14 countries, mainly in sub-Saharan Africa. Nic Rudnick, Group Managing Director of Liquid Intelligent Technologies,...

Voices have been raised to demand a civilian government since Colonel Goïta took power in Mali following the coup that saw the resignation of former President Bah N’Daw. As a precautionary measure, the French government announced the halt of its military cooperation with the West African country. “Requirements and red lines have been set by ECOWAS and the African Union to clarify the...

Yesterday, an Air France flight from Chad was isolated at Roissy airport, in Paris, after a bomb threat. A careful check by the French security services finally confirmed that flight AF865 had no bomb on board. The information was tweeted by the French Minister of the Interior, Gérald Darmanin. "End of intervention, no explosive device was found aboard the plane Air France N'Djamena-Paris....