Tunis stock exchange experienced its most important drop since May 2018 yesterday Monday 10, December 2018. This black Monday on the stock exchange was due to the decline of the value of listed banks' shares. Banque Internationale Arabe de Tunisie dropped  6.09% to 121.430 dinars, Banque de Tunisie dropped 6% to 7,520 dinars, UIB (Société Générale Tunisie) has seen the value of its...

Ghana seeks $100 million to boost access to telecom services in rural zones. According to the communication minister Ursula Owusu-Ekuful (photo), the network the country aims to develop will offer voice and data services to residents in zones that do not have telecom signals. According to the minister, the government has already approved the project and her department is negotiating with...

CDC Group, the development finance institution owned by the British government, invested $180 million in Liquid Telecom, the largest pan-African internet connection supplier via optical fibre cable, Bloomberg  reported on December 11, 2018, citing one of the telecommunications operator’s managers.   With this investment, CDC Group will acquire about 10% stake in Liquid Telecom,...

Only one African woman is in the list of the hundred most powerful women in the world in 2018 published on December 4, 2018, by American magazine Forbes. This woman is the Ethiopian president Sahle-Work Zewde who is at the 97th place of this ranking. Miss Zewde (68) became president in October 2018, after the resignation of president Mulatu Teshome, thus becoming the fourth Ethiopian...

Last Wednesday, Côte d’Ivoire announced the realization of Ecowas biometric cards with national identification numbers for XOF460 billion ($796.6 million) by the end of H1, 2019. "Every measure has been taken and if all goes well, by the end of the first semester of 2019, the first cards will be delivered to Ivorians", explained Diakalidia Konaté, general director of the National...

The AfDB has published the ‘Country Results Brief’ on Egypt. The report, which looks at Egypt’s economic situation, puts a spotlight on the Bank’s investments in the energy, agriculture, sanitation, industrial and social sectors. Over the past five years, Egypt has regained its position as the first destination for foreign direct investment (FDI) in Africa. It has a diversified economy,...

In 2017, the startup sector was dynamic. Indeed, the International Finance Corporation (IFC), a branch of the World Bank dedicated to the private sector, estimates that in 2017, African tech entrepreneurs raised $556 million, up by 53% on a year to year basis. Out of 54 countries in the continent, four captured 84% of the funds raised. These countries were namely South Africa, Kenya,...

Cabo Verde, Morocco and South Africa should soon be connected to a new fibre optic cable. Indeed, the Spanish firm Hemisphere Cable Company, S.L. (HCC) is planning to deploy a new broadband telecom infrastructure that will directly connect Europe and Latin America. Baptised WASACE 1, the cable will link Fortaleza in Brazil, Canary Islands and Seixal in Spain with additional subsidiaries in Cabo...

Consolidated Bank, Kenyan bank 85.8% owned by the government, announced on December 10, 2018, that it was seeking an investor, local or foreign, to invest Ksh3.5 billion ($34.2 million at the current exchange rate).   In a release published on local media, the bank invited interested investors to submit offers by January 9, 2019. This announcement is just the continuation of a process...

While the international controversy over the purchase price of banana boxes by supermarkets in 2019 is growing for several weeks, we, African fruit producers, want to express our solidarity with the approach of our Latin American colleagues and competitors and, in our desire to move towards a fairer world and trade, draw attention to the continued deterioration in the conditions under which our...