The Tunisian government views 5G as a catalyst for accelerating digital transformation across various sectors of the economy. According to the roadmap set forth, the issuance of licenses and the commercial launch of ultra-high-speed internet are scheduled for September and November 2024, respectively. Yesterday, the Tunisian Ministry of Communication Technologies announced the launch of a tender...

The Economic Community of West African States (ECOWAS) is assessing options to establish a regional anti-terrorism force. Two options are in the pipeline: one that requires $2.6 billion a year for a brigade of 5,000 troops and the other, $481 million a year for a force of 1,500 soldiers. Following a recent meeting of defense and finance ministers in Abuja, Nigeria, on June 27, Nigerian...

The report highlights that more than half of African business leaders expect emerging technologies to significantly impact how their company creates, delivers, and captures value in the future. Fewer businesses in SSA have integrated generative AI compared to global counterparts, according to a report published on May 30 by audit and consulting firm PricewaterhouseCoopers (PwC). The report is...

Africa Global Logistics (AGL) is launching the call for applications for the "Accelerate" program of the Yiri Innovation Center, open from June 19, 2024 to July 26, 2024, in Abidjan. This open innovation program dedicated to startups developing technological solutions in key or related sectors of the AGL Group (logistics, transport, digital, etc.) aims to accelerate their growth through expert...

Starlink has officially launched its high-speed satellite internet services commercially in Madagascar, marking its entry into the country's telecommunications market. The announcement came from the subsidiary of the American company SpaceX on Thursday, June 27th. To access Starlink's broadband services, Malagasy consumers will pay 226,000 ariarys ($50.5) per month, in addition to a one-time fee...

Namibia, Africa’s top uranium producer, hosts Paladin's Langer Heinrich uranium mine. The latter has resumed production last March. On June 28, Paladin Energy announced its production forecasts for the 2025 financial year (July 1, 2024 to June 30, 2025). The Australian targets between 4 to 4.5 million pounds of uranium at Langer Heinrich, equivalent to up to 2,041 tonnes over the year. We...

Denis Sassou N'guesso, President of the Republic of Congo, began an official visit to Russia on June 25, 2024. This visit focuses on vital areas of cooperation, according to the Congolese presidency. Early in his visit, Sassou N'guesso met with the CEO of Rosatom, the Russian nuclear energy firm. While details of the meeting were not disclosed, Russia has shown strong interest in developing...

The International Monetary Fund (IMF) announced that Zimbabwe's new gold-backed currency has stabilized the nation's economy. This currency, introduced in April, is supported by 2.5 tons of gold and $100 million in foreign currency reserves. In a June 27 statement released following an Article IV consultation mission, the institution noted that the official exchange rate of the Zimbabwe...

Considered by the Fraser Institute as West Africa’s most attractive mining jurisdiction, Côte d'Ivoire pulls in new investors who eye its important yet untapped gold reserves. At a recent Council of Ministers meeting, the Ivoirian government adopted nine decrees granting various firms mining permits for exploration. The permits, respectively valid for four years, cover mostly gold...

The loan will finance the third phase of the copper complex's expansion. This phase should increase the facility’s production capacity to over 600,000 tonnes annually. In a statement dated 26 June 2024, the Africa Finance Corporation (AFC) said it extended a $150 million loan to mining company Kamoa Copper. The funds will help expand the firm’s Kamoa-Kakula cruciferous complex in the...