US satellite operator GlobalStar has received authorization from the Kenyan telecom regulator to operate in the country. With the addition of Kenya to its portfolio of operations, along with Brazil and Canada, GlobalStar (which currently operates a constellation of low earth orbit satellites for voice and data) is expected to cover an additional 300 million people with its satellite telecom...

Chinese company Huawei Technologies Co. Ltd will help Mozambique further develop its ICT industry. A partnership was signed in that regard between the company and the Mozambican Minister of Transport and Communications Janfar Abdulai (pictured) on November 9. This follows the publication of the results of Huawei's "Seeds for the Future" training program, which benefited 50 young people. During...

South Sudan will benefit from $52.3 million provided by the International Monetary Fund (IMF) to strengthen its response plan against the coronavirus pandemic. The information was announced on November 11 by the institution in an official statement. This is the first assistance program backed by IMF financial support to the country since it joined the IMF in 2012. It aims to help Juba...

Jumia Technologies continued to strengthen its profitability in the third quarter of 2020. Its revenues for the first 9 months of 2020 were down by 28% compared to the same period in 2019, from €111.1 million to €97.8 million. Compared to the activities of large companies in the same sector, such as the Chinese company Alibaba and the American company Amazon, this seems to be a...

The European Union announced the disbursement of $108 million to strengthen the Covid-19 response plan in four Sahelian countries, namely Niger, Burkina Faso, Chad, and Mauritania. In an official statement, the institution said the money will help the governments offer better healthcare services to their citizens and reduce the social and economic repercussions of the pandemic. In detail,...

While 2019 was a tough year for Tunisian listed leasing companies, 2020 is not expected to be any better.            In a November 2020 study, Tunisie Valeurs estimates that the coronavirus pandemic will strain the profitability of companies. “For 2020, we are seeing a segment net profit (excluding exceptional items) in a deficit of -1.2...

Israeli satellite operator Spacecom announced on November 11 it is now the new Internet Service Provider (ISP) of La Poste Senegal. The multi-year contract signed between the two parties will see La Poste join the network of AMOS-17 satellite. La Poste Senegal will receive a robust, secure, and reliable network communication via a Ku-band beam that will then link its VSAT sites to its hub in...

Egyptian real estate company Waterway Developments engaged in talks with local banks to obtain a syndicated Islamic loan of EGP1 billion (about $63.8 million). According to local media, the company intends to develop new projects across the country. It seeks to invest a total of EGP13 billion into the construction of commercial and administrative units, as part of its 2021 strategy. Rating...

Africa should harness its natural resources to accelerate sustainable development, the African Development Bank’s Chief Economist and Vice President for Economic Governance and Knowledge Management has said. Rabah Arezki was speaking to policymakers and stakeholders during a two-day inception workshop which began Monday on the Bank’s Financial Modelling for the Extractive Sector (FIMES)...

Mobile phone operator Telekom Networks Malawi (TNM) Plc has partnered with the Government of Malawi to provide free wireless Internet across the country. On November 9, 2020, TNM signed an agreement in that regard with the Public-Private Partnership Commission (PPPC). Access points will be deployed throughout the country, including in schools, libraries, hospitals, and markets. Audrey Mwala,...