Users of telecom services in South Africa can now access the “V by Vodacom” range of Internet of Things products launched by mobile operator Vodacom. According to Saloshni Muthal, Head of Consumer IOT at Vodacom, the new range reflects Vodacom’s capacity to empower customers to keep track of the things they love. “In this way, Vodacom remains committed to transforming the lives of all...

The investment banking industry in sub-Saharan Africa generated $227.3 million between January and June this year. This figure is down 19% compared to the same period in 2018, and is the lowest level in the region since 2016. The dropping figure is the result of weak listing turnover. Listing revenues was $20.9 million over the period, narrowing by 70% compared to H1 2018. Money...

On Wednesday 17 July in Abidjan, the Board of Directors of the African Development Bank approved a loan of €87 million to the government of Senegal, to implement its Project to Improve the Water Supply for the Development of Value Chains (PROVALE-CV). For this project, valued at an estimated €122 million, the Bank will provide €60.8 million, while the "Africa...

Economic growth in the Central African Republic is forecasted to reach 4.7% this year, the Bank of Central African States (Beac) reports. This figure is higher compared to the 3.8% last year but down compared to the 5% forecasted by the IMF for the year. Such a growth is going to be achieved, Beac says, through good performances in the infrastructure sector, construction especially, and the...

According to the recent World Bank studies, coastal erosion and the pauperization of halieutic resources in lagoons have become a national emergency in many countries on the West African areas. MSC IVORY COAST as one of the sponsors of the 4th edition of the ELE FESTIVAL (socio-cultural festival) organized a "planting" of trees on June 9, 2019 to show the importance of mangrove...

EXIM Bank of India is giving Nigeria $100 million to broaden Internet coverage in rural areas. The fund agreement was signed during the Indian Economic and Technical Cooperation Day, held in Abuja on 17 January 2019. At least 1,000 solar-powered telecom sites will be installed under this 12-month program. It will be first launched in the State of Oyo, according to the Nigerian Minister of...

The Board of Directors of the African Development Bank Group on Wednesday approved a $8 million-targeted financing to Kenya’s Credit Bank for lending exclusively to small and medium enterprises (SMEs) in construction, agriculture, renewable energy and manufacturing. The loan, which has a five-year maturity with a two-year grace period, marks the first proposal under the Bank’s new...

The Egyptian Minister of Information and communications Technology, Amr Talaat, met with Myron Brilliant, the Executive Vice President and Head of International Affairs at the U.S. Chamber of Commerce, on July 16 in Washington. Talks focused on the implementation of a bilateral partnership between the two nations’ ICT private sectors. According to Amr Talaat, this will help Egypt leverage the...

South African asset manager, Investec Asset Management, makes its first private equity investment in Egypt, acquiring controlling stake in supermarket chain Spinneys Egypt. This operation is the eighth investment by Investec’s second pan-African private equity fund. “This investment offers us the opportunity to support the accelerated expansion of the business (Spinneys Egypt) across...

The ‘Strengthening Climate Resilience in Mali’ Project has just received another support from the World Bank. This time, the institution approved a total of $248.25 million of which $31 million will be directed to the program to improve hydrological and meteorological (Hydromet) services in the country. This World Bank-supported program is also being implemented in other countries...