East African governors of the African Development Bank on Wednesday commended the institution for approving transformative projects valued at $13.8 billion since 2010.  The projects in ICT, education, public finance, energy, transport, water and sanitation sectors, make the institution “a trusted partner for delivering innovative solutions” the governors noted during consultative...

Safaricom, leader of the Kenyan telecom market, announces the launch of a 400 G network, a network that carries data on a rate of 400 Gps wavelength in the country. The new standard in optical network will help the company address the development of bandwidth needs due to increasing data consumption via new usages like HD video, telepresence and cloud services that require high...

The African Legal Support Facility has completed a two-day workshop for African lawyers and government negotiators, aimed at strengthening their capacity to negotiate complex deals involving investments in key economic sectors. The workshop, co-organized with the African Business Law Firms Association (ABFLA) under the African Legal Support Facility Academy, was held in Accra, Ghana, from 14-15...

During the second extraordinary meeting of its cabinet, Gambia decided to reorganize its incumbent operator Gamcel. This decision was taken following the joint recommendations of the IT and finance ministers Ebrima Sillah and Mamburay Njie, in a report. Under this reorganization project, the mobile branch of incumbent operator Gamtel will be reorganized and state-owned shares sold.   This...

February 28, 2019, is a good/bad day for Nigerian billionaire Aliko Dangote. Today, Bloomberg ranked him higher in the world ranking of wealthiest men. His wealth rose by $6.5 billion to $16.5 billion taking him a step further from his African follower, Mike Adenuga, the discreet head of telecom operator Globalcom.  Another good news is that currently, Dangote Cement, which is...

Africa Prudential’s share is still on the rise on Lagos stock exchange (Nigeria) since its record 10% rise on February 27, 2019. This morning, it recorded a modest 0.62% rise but it was still around NGN4.87. Africa Prudential, the share registration services provider, shook the market on February 26, 2019, by announcing that it wanted to distribute NGN1 billion ($2.7 million) to its...

Botswana denies allegations according to which it granted a $600 million credit facility to Zimbabwe. This denial was on February 28, 2019, via Carter N. Morupisi (photo), permanent secretary to Botswana’s president. The official confirmed discussions between the two countries about multi-sectoral agreements in the framework of a  bi-national commission. However, there was...

During the Mobile World Congress being held in Barcelona, South African operator Rain announced the launch of the 5G in South Africa as of September 2019. The operators indicated that in that regard, it would collaborate with Huawei, which will offer its technical expertise to Zain and provide adequate 5G compatible devices to clients. Willem Roos (photo, left), CEO of Rain Group (photo,...

Helios Towers is preparing to build thousand towers in preparation for the 5G South Africa wants to launch by 2020. These equipment that will consolidate its presence in the country, after its entrance in January 2019 via Helios Towers South Africa, will also improve the provision of new generation services to the population. Helios Towers’ managing director Kash Pandya (photo) indicated that...

The South African Pay-TV operator MultiChoice realized its first listing on Johannesburg stock exchange on February 27, 2019, at ZAR95.50 ($6.89), equivalent to ZAR42 billion ($3.03 billion) of market capitalization.   Born from the recent split of South African multimedia group Naspers, MultiChoice is the leading pay-tv operator in Africa. Its DStv bundles are offered in 50 African...