The Indian government will contribute $2 million to the Africa Digital Financial Inclusion Facility (ADFI), housed and managed by the African Development Bank, affirming its commitment to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa. Globally recognised for the success of its digital public payments system that...

Tahirou Barry, the Financial Director of Ports and Terminals at AGL, has been appointed as a member of the Board of Directors of CIAN (the French Club of Companies Invested in Africa), succeeding Philippe Labonne, President of AGL (Africa Global Logistics). As a Guinean national, Tahirou Barry will bring her expertise in African affairs to shape the strategies of international companies...

The International Finance Corporation (IFC) has officially approved its multi-currency loan to the Baobab Group, as announced in late May 2023. This financial facility will be channeled to support local micro, small, and medium-sized enterprises (MSMEs). On Tuesday, July 25, Baobab Group, a financial services provider operating in 8 African countries and one province in China, announced securing...

Despite being in the red, the net result of Morocco's Islamic banking sector improved in 2022 compared to 2021 and 2020. The increased general operating expenses continued to impact the results of the five Islamic banks and three others with Islamic windows in the Kingdom. As of December 31, 2022, Morocco's Islamic banking sector, comprising five Islamic banks and three others with Islamic...

In a renewed effort to combat polio, the Malagasy government plans to administer over 20 million doses of vaccines in just four days. From July 25 to 28, the Malagasy government is carrying out an ambitious polio vaccination campaign. According to information disclosed by the World Health Organization’s (WHO) office in Madagascar, on Tuesday, the campaign targets 18 million individuals. With...

The Ivorian Parliament has approved the constitutional amendment bill, which seeks to revise specific provisions primarily concerning the functioning of legislative and executive powers. The Ivorian parliament (the Senate and the National Assembly) approved the constitutional amendment bill, by an 88.5% vote, the Senate announced in a press release on Tuesday, July 25. The bill was adopted...

The Botswana government is looking into international cooperation to achieve its digital transformation goals. Recently, its telecom regulator signed a cooperation agreement with the Mozambican counterpart. Botswana aims to establish cooperation agreements with Angola in the field of Information and Communication Technology (ICT), as reported by the Angolan Press Agency (ANGOP). Thulagano...

The amount raised will be used to cover expenses planned in the national budget. This year, the country has already raised at least 707 billion CFA francs in this market segment managed by UMOA-Titres. Initially seeking 30 billion CFA francs (approximately $50.6 million) in the public securities market through an auction organized by Umoa-titres, Senegal successfully raised 32.96 billion...

Despite denials from the governments of these countries, Wagner's presence in Africa is undeniable to many observers. Western nations have been imposing sanctions on the organization for alleged human rights violations. The UK has imposed sanctions on 13 individuals and entities linked to the paramilitary Wagner Group in three African countries. The announcement was made on Thursday, July 20, to...

In 2013, the semi-public company Korea Telecom Rwanda Networks obtained a 25-year monopoly on 4G. Consequently, it provided wholesale services to other companies like MTN and Airtel, who then resell them to their customers. Telecommunication operators MTN Rwanda and Airtel Rwanda have recently launched their independent fourth-generation (4G) mobile networks. Both companies obtained modified...