These investments will be spread across 13 African countries, including Benin, Cameroon, Congo, Côte d’Ivoire, Eswatini, Ghana, Liberia, Nigeria, Rwanda, South Africa, South Sudan, Uganda, and Zambia. South African MTN Group announced plans to expand its footprint on the continent with a $10 billion investment by 2030. The International Telecommunication Union (ITU), which relayed the...

With AI and coding becoming essential drivers of innovation and economic growth, this collaboration between MTN and the Ghanaian government is a significant step toward technological advancement. MTN Group has signed an agreement with the Ghanaian government to support the country’s One Million Coders Program, an initiative aimed at equipping young Ghanaians with artificial intelligence,...

In recent years, Benin has been investing heavily in developing its road network. To tackle mobility challenges, such as traffic congestion, the authorities are looking to implement a digital and tech-driven management system. Benin is planning to use technology to improve the management of its road traffic. This information comes from Ranti Akindès, the Director General of the Road...

Once hailed in the early 2000s as the ideal solution to Africa's internet access challenges, fiber optic networks have struggled to expand steadily. However, after significant advancements in satellite technology over the past 30 years, satellite connectivity is now experiencing a resurgence of interest. As Sub-Saharan Africa accelerates its digital transformation to boost development, satellite...

By investing in 5G SA and cloud-native infrastructure, Econet and Ericsson are future-proofing Zimbabwe’s telecom industry, fostering economic growth, digital inclusion, and global competitiveness. Econet Wireless Zimbabwe and Ericsson have signed an agreement at the Mobile World Congress 2025 in Barcelona to introduce 5G Standalone (SA) capabilities, expand core network capacity, and...

Nigeria exported 20.486 trillion Naira ($13.5 billion) worth of goods in Q3 2024, mostly oil, gas, and premium cocoa beans. Nigeria's trade balance recorded a surplus of 3.423 trillion Naira (about $2.25 billion) in Q4 2024, according to the latest report from the National Bureau of Statistics (NBS) published on March 7. Nigeria's total merchandise trade stood at ₦36,604.83...

Fuel pump prices vary a lot within the West African Economic and Monetary Union (WAEMU). The latest data from the regional central bank (BCEAO) places Senegal at the top while Niger sits at the bottom.The price in Senegal is CFA990 per liter, far above its neighbors. This is due to fuel taxes, import costs, and the country’s subsidy policies, BCEAO said. Côte d’Ivoire and Burkina Faso also...

The public offering of BIIC shares allows the Beninese government to raise significant funds while scaling back its stake in the bank. The shares will be listed on the BRVM, making BIIC the third Beninese company to join the regional stock market. Benin’s government has secured over CFA100 billion ($165.6 million) by selling more than 33% of its shares in Banque Internationale pour...

The hidden debt comes with a repayment schedule that is not publicly disclosed. By 2028, the Senegalese government will have to repay the equivalent of $4.13 billion in debt. The International Monetary Fund (IMF) is working “fast and bold” with Senegalese authorities to address concerns over the underreporting of public debt between 2019 and 2023, as recently revealed by the country’s...

The quest to broaden the scope of interventions by the Fund for Export-Development in Africa (FEDA), African Export-Import Bank’s (Afreximbank) development impact investment arm, into all corners of the continent reached a major milestone today with the signing of the Fund’s Establishment Agreement by Uganda. With Uganda’s accession, FEDA expands its presence to 21 member states,...