The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected to boost South Africa’s energy mix and hasten transition to renewable energy. Located in the Humansrus Solar Park, Northern Cape Province of South Africa, the solar power project is expected to generate 466 GWh/year. This...

Angola plans to launch mobile payment system in 2019. This service will reinforce the electronic payment services already offered to the population. According to Pedro de Castro e Silva, administrator of the national bank of Angola, next year, the financial institution will submit a new legislation on payment systems, mobile payments in particular, to the approval of the parliament. "We are one...

Since November 27, 2018, the mobile operator Malitel, a branch of the Malian telecommunications company (Sotelma) started offering 4G network to its subscribers. The incumbent operator is entering this segment of the market about one month after the government authorised it to offer such service (on October 28, 2018). The company did not waste time joining Orange on this segment of the market in...

Experts attending this year’s Africa infrastructure conference say the continent needs to accelerate its infrastructure development to match the continent’s growing population and rapid urbanization to achieve development goals. The experts from multilateral development institutions observed that with rapid urbanization and a tenfold increase in water needs for energy production, there is an...

Eutelsat announces that it will launch satellite internet in the Democratic Republic of Congo via its service Konnect Africa. Currently, the service is available in six towns in Congo via a range of eight offers to particulars and companies. Apart from these offers, Konnect Africa will provide a new wifi service called Konnect Wifi which will let companies offer high broadband internet...

Ghana plans to resort to sovereign bonds amounting to GH₵9.6 billion (about $2 billion) in the framework of a strategy to cover the 2019 budget deficit, Ecofin Agency learnt from the draft bill submitted by the government to the parliament. Overall, Ghana is to borrow up to GH₵15 billion on the international market. Indeed, apart from the sovereign bond, GH₵4.1 billion of project...

Côte d’Ivoire will set a monitoring committee for projects funded by China, Sidi Tiémoko Touré, the Ivorian communications minister indicated on November 29, 2018. Making a brief account of the ministerial council to the media, the official indicated that the said committee will  "ensure the supervision, coordination, and monitoring of the portfolio of projects funded or co-funded by...

Saudi Arabia will provide $500 million to Tunisia, Bloomberg indicated on November 28, 2018 citing official sources which required anonymity. According to the American media, an agreement in principle would have been signed by Saudi Arabia to provide a loan to Tunisia at preferential rate during the visit of prince Mohammed bin Salman (photo). The interest rate has not been set yet but, it...

On November 29, 2018, Tunisia’s telecommunications regulator will launch a new service helping telecom subscribers reduce the number of advertising messages sent to them by operators. The service baptized "STOP SMS", is the result of an agreement signed in April 2018 by the regulator, the national institution for the protection of personal data (Instance Nationale de Protection des Données...

Ghana is to launch the second phase of inter-operationality in the mobile money market today November 28, 2018. This operation should let the country offer total inter-operationality of electronic payment methods. This was revealed by the minister of information Kojo Oppong Nkrumah on November 24, 2018, during a press briefing. This involves interconnection of the mobile money accounts on...