The fund will catalyse further investment flows into critical infrastructure, including energy, transportation, telecommunications, and water Prominent African and global institutional investors have signed on to the new $500 million Africa50 Infrastructure Acceleration Fund - a move described as an unprecedented milestone for Africa. The fund is the first private vehicle infrastructure...

The African Development Bank has restated its support for the Libyan Government’s agenda to boost food security and build resilience in the North African country. Malinne Blomberg, the Bank’s Deputy Director General for Northern Africa, gave the assurance during a coordination meeting on the Food Security Agenda in Libya. “Food security is a prerequisite for economic...

The ATU aims to promote the rapid development of ICT in Africa. It currently has 51 member states and 61 associate members, including telecom operators. Togo recently adopted a law to join the Union as well. The Malawi Minister of Foreign Affairs, Nancy Tembo (see picture), signed and ratified the Constitution and Convention of the African Telecommunications Union (ATU), as reported by the local...

In their pursuit of lasting stability in Central Africa, the Central African Republic (CAR) and Gabon are joining forces. The two countries formally signed a military cooperation agreement, marking a significant milestone. Last Saturday, July 1, the Gabonese Minister of Defense, Félicité Ongouori Ngoubili, and the CAR Minister of Defense, Rameaux Claude Bireau, signed a new military...

Relations between Egypt and Turkey have been improving since 2021, reflecting better diplomatic ties. To sustain and bolster the dynamic, Turkish and Egyptian authorities appointed new ambassadors. After several years of political and diplomatic tensions, Egypt and Turkey decided to bolster their diplomatic relations by appointing ambassadors. The Turkish Ministry of Foreign Affairs released...

The removal of roaming charges is a significant concern in various economic zones in Africa. Just like ECOWAS, EAC, and SADC, they are increasing initiatives to establish a single network among their respective members. Community roaming is now in effect between Ghana and Côte d'Ivoire. Officially launched on June 14th, the initiative helps citizens of either country traveling to the other to...

Initiated last March, the takeover of NME, one of Côte d’Ivoire’s top packaging companies, was just completed this month. AFIG Funds, a fund manager, and Norfund from Norway are among its new owners.  On July 3, 2023, a group of investors comprising the Advanced Finance and Investment Group (AFIG Funds) and the Norwegian Investment Fund for Developing Countries (Norfund) finalized the...

For several years, Côte d'Ivoire has been facing an increase in unregulated constructions that endanger many lives. Since the beginning of 2023, three buildings have already collapsed, resulting in over 20 deaths. In Côte d'Ivoire, a six-story building under construction collapsed in Cocody (east of Abidjan) on Friday, June 30. This resulted in the death of eight people. According to Anadolu...

The demand for high-speed connectivity is accelerating worldwide. In the Middle East and North Africa region, average monthly data traffic per smartphone is expected to reach 41 Gigabytes by 2027, up from 9.1 gigabytes in 2021. On Monday, July 3, Alcatel Submarine Networks (ASN), Elettra Tlc, Medusa, and Orange announced the launch of construction works for the Medusa subsea cable in the...

The UK Foreign Secretary advocates for the expansion of the UN Security Council as part of a "reinvigorated multilateral system". He believes that demographic change puts Africa at the forefront. On Thursday, June 29, the UK announced its support for a permanent seat for Africa on the UN Security Council, to ensure that this important body of international governance reflects the current and...