Emphasizing that the sector's growth pace could be accelerated, the report highlights the necessity for African governments to implement reforms, especially in areas such as enhancing air transport infrastructure, streamlining visa issuance, and robust marketing strategies. The travel and tourism industry has the capacity to contribute an estimated $168 billion to Africa's GDP while...

The Cameroonian Institute of Statistics has published the third report on employment and the informal sector (EESI3). The document indicates that a local informal sector worker earns an average of CFA83,409 per month. Incomes range from CFA59,520 in rural areas to CFA96,367 in urban areas. An hour of work in the informal sector pays an average of CFA669, and the average monthly income of...

The Benin Tax Authority (DGI) launched its inaugural "Fiscathon" on October 30. This is a digital innovation contest aimed at addressing various challenges faced by local taxation. The most outstanding teams from this competition received prizes on November 3. The Benin Tax Authority DGI, in collaboration with Epitech Benin School, rewarded the top teams from the first "Fiscathon" edition on...

The African Development Bank, together with partners, including the Tony Blair Institute and International Labor Organization has held the first of a series of regional technical consultation meetings, on the Public Service Delivery Index (PSDI). The Index measures public service performance in African countries through the lens of the Bank's High 5s priorities. The overall goal of the PSDI is...

Starlink plans to cover 23 African countries by the end of 2023 amid expansion on the continent. The company already offers its services in Nigeria, Rwanda, Mozambique, Kenya and Malawi. Starlink, the satellite internet network by U.S. company SpaceX, announced on Friday, November 3, the availability of its services in Benin. This marks the 6th African country to access the commercial services...

Several American officials, including the U.S. Deputy Trade Representative for African Affairs, have announced in recent months that the Biden administration aims to review the AGOA or replace it with a new trade agreement. The African Union (AU) called on Thursday, November 2, for the U.S. Congress to renew the African Growth and Opportunity Act (AGOA), a trade preference program granted by the...

Despite many African e-commerce platforms struggling to attain profitability, the sector's outlook remains promising, driven by the digitalization of payments, the implementation of the African Continental Free Trade Area, and the advancement of deferred payment systems. The overall revenue of active e-commerce platforms in Africa is expected to reach $59.18 billion in 2027, up...

Mali's military, FAMa, has confirmed the loss of the crucial Kidal camp in the north and is getting ready to regain control. The situation escalated following the UN force, Minusma, completing its withdrawal from the region in October, causing concerns. FAMa expressed disappointment as Minusma left Kidal without officially transferring control, echoing a similar situation at Aguelhok camp...

This funding supports the Senegalese government's efforts to develop smart cities and accelerate economic growth, in a context of boosting intra-African trade. The ECOWAS Bank for Investment and Development (EBID) has just granted CFA65 billion ($104.6 million) in financing to support urban development initiatives in Senegal. The agreement, approved at EBID's 85th Session in Lomé, was signed on...

Private equity investors played it safe in the third quarter of 2023, as macroeconomic uncertainties persist in the global market. Local and international private equity firms injected $1.2 billion into African companies in the third quarter of 2023, according to a report published on October 31 by the African Private Equity and Venture Capital Association (AVCA). This amount, which is...