In 2023, Sub-Saharan Africa had one billion mobile subscriptions, but only 51% were linked to smartphones, according to the GSMA. Smartphone shipments in Africa reached 18.4 million units in Q3 2024, showing a modest 3% increase from the same period in 2023. This growth was slower compared to the 24% and 6% growth rates seen in the first and second quarters of 2024, according to data from...

This compensation is part of Zimbabwe's efforts to rebuild trust with investors and start fresh negotiations with creditors, supported by the African Development Bank and former Mozambican President Joaquim Chissano. The goal is to restructure its debt, which equals 81% of GDP, and reconnect with the global financial system. Zimbabwe has announced plans to pay $331 million to 439 white...

Social media ads, originally designed for commercial purposes, can also play a role in fighting diseases like malaria. In India, a Facebook campaign showed how an effective digital strategy can influence behavior and lower the rate of infection. A campaign in India shows how Facebook Ads can help in the fight against malaria and offers ideas for Africa, where the disease is most severe. From...

Inefficient water management is a pressing issue, particularly in resource-limited regions like Namibia. Losses from leaks, overuse, and mismanagement drain millions in potential revenue and worsen water scarcity. However, technology adoption offers a solution, addressing inefficiencies and enhancing water management.  Namibia Water Corporation (NamWater) and telecommunications company MTC...

On November 8, 2024, the Malian government detained three executives from Resolute Mining, including CEO Terence Holohan, amid allegations of tax irregularities. The owner of the Syama gold mine has since agreed on a $160 million settlement to resolve the matter and secure their release. On November 21, Resolute Mining confirmed that Holohan and his colleagues had been released and were...

Digital transformation is a key priority for the Beninese government. For instance, the government plans to allocate CFA16.4 billion to digital projects in 2025. The government of Benin plans to connect 18 additional municipalities to the fiber optic network by mid-2025 as part of its goal to provide high-speed internet access to all 77 municipalities in the country. This announcement was made...

The growing reliance on digital communication comes with challenges such as poor service quality, high costs, and limited accountability. Protecting consumers is vital to maintaining trust, boosting digital adoption, and closing the digital divide. On Friday, November 22, 2024, the Liberia Telecommunications Authority (LTA) officially launched the Consumers Protection Regulations, an...

Expected to emerge as Côte d'Ivoire's largest gold mine, the Koné project by Canadian Montage Gold has the potential to yield more than 100 tonnes of gold. The mine's production will be subject to royalties held by Barrick and Endeavour, two companies involved in gold mining within the country. Canada's Montage Gold has opted to acquire half the royalties of Barrick Gold and Endeavour on the...

The transaction, which includes several entities active in insurance, specialized financing, leasing, asset management, and brokerage, marks a strong comeback for Moroccan businessman Moulay Hafid Elalamy in the Moroccan financial sector. The Central Bank of Morocco has approved the acquisition of a 57.67% stake in Société Générale's local subsidiary by Saham Finances, the company owned by...

MTN's launch of 5G comes in the year the telecom operator celebrates 25 years of presence in Benin. The South African group's subsidiary is the leader in the country's telecom sector, with a focus on innovation to maintain that position. On November 22, MTN launched its commercial 5G service in Benin, becoming the first telecom operator to offer this advanced technology in the country. This move...