The whitepaper points out that the growing awareness of ecological urgency, the increasing digitization of industrial processes, and the establishment of the African Continental Free Trade Area offer Africa an unrivaled opportunity to embark on the path to sustainable industrialization.     After falling considerably behind in the global industrialization race, Africa can now...

Illegal mining occurs in most of the continent's mining countries. In South Africa, where abandoned mines number in the thousands, it is sometimes the cause of violence between armed gangs, not to mention the risks inherent in this practice: falls, toxic inhalation, etc. In South Africa, Minister of Mineral Resources and Energy Gwede Mantashe will be visiting Welkom, in the Free State province,...

Digital technology is at the heart of Algeria's socio-economic development strategies. To accelerate the realization of its digital transformation ambitions, the government is multiplying initiatives to guarantee connectivity services for the entire population.    Algeria has included some 1,400 territorial zones with fewer than 2,000 inhabitants in the new Universal Telecom...

AirtelTigo is the result of the merger of Airtel Ghana and Tigo Ghana in 2017. The company was bought, in April 2021, by the Ghanaian government for $1, but retained its brand name. Ghanaian telecommunications company AirtelTigo announced it will now operate under the brand name “AT”. This change will apply to all the telecoms operator's sub-brands: AT Money, AT Business, AT Premier,...

The agreement, under review since February 2023, was recently approved by the IFC. It will provide the Bank of Kigali with financial resources to strengthen its international trade activities and expand its network.  On Tuesday, June 20, the Bank of Kigali, Rwanda's leading bank in terms of assets, net loans, and deposits (as of June 30, 2022), signed a $20 million trade finance...

Suez Canal is one of the main foreign reserves and income sources for Egypt. In the 2022/2023 fiscal year, its revenues reached an "all-time high", according to the Canal Authority in charge of its management. Revenues from Egypt's Suez Canal rose by 34.2% in the 2022/2023 fiscal year, the Suez Canal Authority (SCA) reported on Wednesday, June 21. The said revenues reached $9.4...

Seacom had been negotiating IFC financial assistance for an about $563 million African expansion project.  The International Finance Corporation (IFC) announced Thursday (June 22) that it had granted a long-term loan of $207 million to digital infrastructure and IT services company Seacom. The latter will use the funds to expand the coverage of its fiber optic network and...

The Malian citizens were given the opportunity on June 18 to cast their votes either in favor or against the proposed new constitution by the transitional government. According to an electoral observation mission, the turnout is 28%, but the Election Management Authority says it is 10 percent higher.   The turnout rate for Mali’s referendum on the new constitution is 38%, according...

The slowdown in the consumer price index lowers the pressure for a restrictive monetary policy. Headline inflation fell to 6.3% in South Africa in May, down from 6.8% in April, reaching its lowest level since April 2022, according to data released on Wednesday, June 21 by the South African statistics agency Stats SA. This slowdown in the annual rise in the consumer price index (CPI) lowers the...

To accelerate industrialization in Africa, Afreximbank wants to support initiatives that promote job creation, transform and formalize economies, foster industrialization, and support the growth of intra-African trade and investment. On the sidelines of Afeximbank’s annual meetings, in Ghana, the multilateral bank signed an agreement, with Arise IIP to accelerate industrialization in...