The Management Board of the African Legal Support Facility (ALSF) has met to review progress made in 2018 and to assess the implementation of its projects. The Board considered key issues and events, which will be discussed further on the margins of the 2019 Annual Meetings of the African Development Bank Group, scheduled to take place next month in Malabo, Equatorial Guinea. Established in...

Africa Mobile Networks (AMN) has extended its servicing agreement with Vanu Inc. for the provision of more than 2,500 mobile network infrastructures. This will increase the number of infrastructures AMN ordered within the past two years to 3,000.   Andrew Beard, CEO of Vanu Inc. estimates that while mobile operators have increased their network coverage, there are still 1.2 billion people...

Nigeria has just approved the construction of a $3.9 billion port in Delta state, transport minister Rotimi Amaechi (photo) revealed this week in an interview with News Agency of Nigeria (NAN). According to the official, the new infrastructure should be built in Warri whose economy is mainly based on oil refinery and other oil and natural gas activities. New railway infrastructures should...

In a release published on May 5, 2019, the World Bank announced a $200 million financing to support SMEs in Egypt and boost job creation for women and young people. According to the release, this financing “aims to empower Egyptian women and youth to become successful entrepreneurs. This is an investment that offers many opportunities to improve the livelihoods of Egyptians through job...

On May 7, 2019, South African retail group Steinhoff International published its restated 2017 financial report, postponed several times due to the complexity of the task entrusted to audit firm Deloitte. It appears that the group recorded an operating loss of $4.14 billion in 2017. The publication of its restated 2018 financial report is expected for June 18, 2019. The group has been...

Shelter Afrique invested Ksh200 million ($2 million) in Kenya Mortgage Refinance Corporation (KMRC) whose mission is to increase the offer of affordable housing in the country. “We are encouraged by the formation of the (Kenya) Mortgage Refinance Company that will cushion commercial and microfinance banks as well as savings and credit societies (saccos) engaged in long-term mortgage financing...

Congo can now boost its growth with the IT and communications sector. Indeed, on May 2, 2019, the national strategy for the development of a digital economy was approved during a ministerial council. Soon, the related decree will be promulgated. According to Léon Juste Ibombo (photo), the minister of posts, telecommunications and digital economy, the strategy defines Congo’s digital vision...

Late April 2019, Maxwell Massaquoi, director of the National Telecommunications Commission (NATCOM) in Sierra Leone, signed an agreement with his Guinean, Liberian and Ivorian peers suppressing roaming fees on international communication. Soon then, telecom services users in Sierra Leone, Guinea, Liberia and Côte d’Ivoire can call at more advantageous rates. During the 16th annual meeting of...

On May 6, 2019, Radisson Hospitality officially launched activities in Algeria by opening its first ever hotel in the country. This launch is like a welcome gift to the Chinese Jin Jiang International. Late February 2019, the HKEX listed group announced that in partnership with SINO-CEE Fund, it finalized the acquisition of 50.2% stake in Radisson Hospitality via Aplite Holdings, an investment...

Tunisia expects 9 million visitors by the end of the ongoing tourism season, the ministry of tourism indicated last weekend, according to many local media.   According to René Trabelsi (photo), the tourism ministry, this forecast is based on the good performances in the sector despite challenges experienced by national airline company Tunisair. The performances were mainly due to the...