In emerging markets like Africa, digital infrastructure and services are critical for business innovation and job creation. Expanding into these markets helps address infrastructure gaps while enhancing the region’s digital ecosystem. Digital solutions provider Hayo announced, on October 1, it has expanded its operations by opening new offices in Yaoundé, Cameroon, and Niamey, Niger. The...

Côte d'Ivoire remains the top issuer and most active player on the regional financial market, accounting for nearly 40% of the funds sought this fourth quarter, with the country's budget deficit expected to reach 4% of GDP this year. Yesterday, Côte d'Ivoire raised CFA141 billion ($238 million) on the WAEMU regional financial market, with Ivorian investors snapping up nearly all the...

The approach aims to speed up Rwanda's continental trade by grouping the goods of its businesses into a single shipment, thus optimizing logistics and reducing costs. Rwanda has sent its first products to Ghana as part of the African Continental Free Trade Area (AfCFTA), the Rwandan Ministry of Agriculture announced on Wednesday, September 25, 2024, through a post on X. The shipment, sent by...

The ECOWAS Development Bank prioritizes financial stability and aims to continue its operations in the region, regardless of the AES countries' plans to leave the community. Despite political tensions within the Economic Community of West African States (ECOWAS), the region’s Bank for Investment and Development (EBID) continues its financial relations with Mali, Niger, and Burkina Faso. These...

ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems in Africa, is pleased to announce the signing of a partnership agreement with the Port Authority of Douala (PAD) for the creation of the Dibamba Industrial Port Zone. This ambitious public-private partnership aims to leverage the strategic sectors of Cameroon, aligning with the...

The strong performance of Attijariwafa Bank’s Ivorian subsidiary was mainly fueled by a 10% rise in operating profit and a 7% increase in net banking revenue. Société Ivoirienne de Banque (SIB), the seventh largest bank in the West African Economic and Monetary Union (WAEMU) based on total assets and deposits, reported a net profit of CFA25.6 billion ($43.1 million) for the first half of...

The HCP highlights that the growth in the second quarter of this year was mainly driven by domestic demand, with inflation easing during the period. Morocco’s economy grew by 2.4% in the second quarter of 2024, down from 2.5% in the same period last year. These figures were shared on Monday, September 30, by the High Commission for Planning (HCP), the country’s national economic planning...

Niger's Electronic Communications and Postal Regulation Authority (ARCEP) is taking steps to ensure telecom operators provide top-quality services to consumers. Colonel-Major Chaibou Idrissa, the Director General of ARCEP, visited Moov Africa Niger and Airtel Niger on September 30 to address recent service disruptions in the country. During his visit, Colonel-Major Idrissa explored the reasons...

On September 20, 2024, a press conference was held on the 20th floor of the SCIAM building in Abidjan to launch the first Hackathon for the Salon International des Ressources Extractives et Énergétiques (SIREXE). This Hackathon aims to foster innovation in these important sectors, organized by the Ministry of Mines, Petroleum, and Energy, and led by Mr. Mamadou Sangafowa Coulibaly. It targets...

After several delays, the start of commercial production at the Kouroussa gold mine in Guinea has been pushed back to Q4 2024. Originally scheduled for Q1 2024, this postponement follows various unforeseen events. Hummingbird Resources, the owner of the mine, is working hard to meet this new deadline. On September 27, Hummingbird Resources announced a restructuring process within the...