Struggling to stay competitive, Tmcel is focused on boosting service quality to stand out in the national telecom market, where it faces competition from Vodacom and Movitel. Mozambique’s state-owned telecom company, Tmcel, has teamed up with Swedish tech giant Ericsson to upgrade its operational and business support systems. Announced on October 3, the partnership aims to enhance network...

Authorities in Senegal are stepping up to push the country's digital sector to a higher level. By 2030, the sector's weight in the GDP is expected to be 10%. Great projects are already on the way. Last week, the Ministry of Communication, Telecommunications, and Digital Economy signed a memorandum of understanding with American tech firm Google. The goal is to establish a sovereign cloud in...

When it becomes operational, this market will provide additional funding for SMEs, which are vital to driving economic growth in the UMOA region. The West African Monetary Union (UMOA) is set to create a bond market specifically for small and medium-sized enterprises (SMEs). A feasibility study for this project began on October 1, 2024. The study will be conducted by the UMOA Financial Market...

In Q1 2024, Togo was Benin's top customer in the ECOWAS region. However, Nigeria has since taken the lead, boosted by increased exports of various products, including rice. Nigeria now accounts for 31% of Benin's sales in the ECOWAS region. Benin’s exports to other ECOWAS countries reached over $38.2 million in the second quarter of 2024, up from $27.2 million in the previous...

In 2023, Niger’s poverty rate reached 52% due to negative per capita growth and rising inflation. The World Bank estimates that 14.1 million people were living in extreme poverty, compared to 1.1 million in 2022. The World Bank expects Niger’s poverty rate to decline to 42.5% by 2026, according to a report on the country’s economic and poverty trends published on September 30, 2024. This...

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...