The money will serve to rebuild infrastructures in the Al-Haouz province which was hit by a deadly earthquake on September 8. The European Investment Bank (EIB) will lend Morocco a billion euros ($1.06 billion) over the next three years. This is to help the country rebuild in areas that were hit last month by a deadly earthquake.  The announcement was made on October 11, by the EIB’s...

After its first-ever investment in Africa’s creative industry last month, the International Finance Corporation is exploring further investments in this sector, in conjunction with Sony Group Corporation. The International Finance Corporation (IFC) and Sony Group Corporation have signed a partnership agreement to explore investment opportunities in creative businesses in Africa. The two...

The pan-African group AXIAN announces the appointment of Erwan Gelebart as the CEO of its Open Innovation & Fintech division. In his new role, his mission will be to transform and develop AXIAN's fintechs to ensure a pioneering and innovative leadership position for the Group in the sector. With the support of his teams, Erwan will also lead the overall innovation strategy across the Group and...

Securiport, a global leader in civil aviation security with an expertise in the use of data analytics and rules-based targeting for risk assessment and threat detection, confirmed its Diamond level sponsorship of the Airports Council International Africa Annual General Assembly, Conference and Exhibition held on October 14-20, 2023, in Dakar, Senegal. As a Diamond sponsor of this annual event,...

Pan-African conglomerate AXIAN Group is pleased to announce the appointment of Amélie Yan-Gouiffes as Impact & Sustainability Group Director. In her new role, Amélie will be responsible for devising and implementing the Group's impact and sustainability strategy, championing its numerous achievements and showcasing its ambitious vision. She will enable the Group’s various business clusters -...

Benin achieved a remarkable performance for the latest global tax expenditure transparency index. The country has entered the top 10 most tax-transparent countries globally, securing the 8th position with a score of 66.3/100 and standing as the sole African representative in this category. The country even outperformed powerful countries like the United States and Italy. This ranking, published...

Over the past four decades, Shelter Afrique has financed several housing projects in Africa. Now, it has taken a new, major step, morphing into a development bank. Pan-African finance institution Shelter Afrique is now a development bank. The Nairobi-based lender, rebranded Banque de développement Shelter Afrique (BDShaf), announced the change on October 12,  a week after the approval of...

To accelerate the implementation of its digital transformation program, Tunisia bets on cooperation. Already this year, the country has signed many cooperation memoranda with the US, China, Italy, and more. Tunisia and Japan signed a memorandum of understanding (MoU) to reinforce their cooperation on the digital transformation front last Tuesday, October 10. The MoU was inked by Nizar Ben Neji...

Gambian companies mostly resort to banks to secure loans, which can sometimes carry interest rates of up to 20%. To alleviate this situation and provide them with a broader range of options, the government is preparing to launch a stock market. "The Capital Market of The Gambia," will start operations at the central bank to help keep costs low, mentioned Paul Mendy, the second deputy governor of...

The report highlights Nigeria as the biggest spender on surveillance technologies in Africa. Over the past decade, the country has expended over $2.7 billion to acquire surveillance equipment. The British think tank Institute of Development Studies (IDS) conducted a study on the acquisition and deployment of surveillance technologies in Africa, with a particular focus on certain...