Celtiis is trying to make its way in a national telecoms market dominated by MTN and Moov Africa. In its first three months of operation, the company recorded some 600,000 subscribers, representing a 4.12% market share. Mobile operator Celtiis, a subsidiary of the Benin Digital Infrastructure Company (SBIN), has registered 1.5 million subscribers after one year of operation in Benin. The...

Benin, Senegal, and Côte d'Ivoire have to repay $14.5 billion in Eurobonds by 2048, mostly in euros. Refinancing these bonds is difficult, given rising interest rates and the perception of high risk. Three West African countries, Benin, Senegal, and Côte d'Ivoire, are due to repay a combined $14.5 billion in Eurobonds between October 1, 2023, and March 22, 2048, according to data...

Convicted to life imprisonment in his home country, Côte d'Ivoire, and facing an international arrest warrant, Guillaume Soro expressed on November 12 a strong desire to return to his country. Less than 24 hours after declaring his intention to return home on X, the former president of Côte d'Ivoire's National Assembly, Guillaume Soro (photo), is visiting military-ruled Niger. This information...

The Vodun Festival, traditionally celebrated every January 10th in Benin, has undergone a transformation through a new gathering dedicated to the arts, culture and Vodun spirituality: Vodun Days. The first edition of this unmissable event will take place on January 9 and 10, 2024, in Ouidah. The celebrations will take place within the historic city and on the beach, near the famous Door of No...

Paratus continues to expand its digital infrastructure in Africa. The company recently launched two new fiber optic routes to improve connectivity in Mozambique. It has also announced the construction of a 3rd data center in Angola. Emerging Africa Infrastructure Fund (EAIF) has teamed up with Ninety One, its fund manager, to provide a $31 million loan to Paratus Group Holdings Limited....

AfricaNenda, an independent organization working to develop instant payment systems on the continent, issued a report last November 8 on “the State of the Inclusive Instant Payment Systems in Africa -SIIPS 2023”. The document defines an instant payment system as a payment facility that enables funds transfer and payment confirmation within seconds, 24 hours a day, 7 days a week. They...

In January of this year, Benin adopted a national strategy for artificial intelligence and big data. To implement this strategy, the country is preparing a comprehensive plan. The Benin Council of Ministers has approved the conduct of a feasibility study for " integrating specific basic and continuing training in programming, basic artificial intelligence languages and big data management into...

African Development Bank President Akinwumi Adesina on Thursday pledged greater commitment to the development of cities and stressed the need for increased investment and autonomy for municipalities, the continent’s engine for economic growth. The Bank chief spoke at a high-level forum for mayors titled: “Leveraging Cities and Municipalities for National Development,” held on the sidelines...

The 6th Salon de l'épargne et de l'investissement et du patrimoine kicked off on November 9, in Abidjan. Announced months ago, the forum gathers several stakeholders–VIPs, youths, and experts–to discuss savings, investment, and business creation. The sixth edition of the Salon de l'épargne, de l'investissement et du patrimoine (SEIP) opened in Abidjan, Côte d’Ivoire, on November 9. The...

Between July and August 2023, the number of boats that left the coast of Senegal increased by 114%, according to the International Organization for Migration. Senegal will launch a "great offensive" program to tackle the clandestine emigration of its citizens. The Senegalese Press Agency (APS) recently reported the news, citing Senegalese Minister of Youth, Pape Malick Ndour. According to the...