In recent years, Burkina Faso has been facing the challenge of terrorist attacks, which pose a threat to its stability and hinder its economic progress. To address this issue, a program has been initiated to strengthen resilience through the establishment of community-owned businesses. In Burkina Faso, transitional President Captain Ibrahim Traoré (photo) recently launched a community...

Building up strategic food reserves is an effective way of managing periods of shortage and improving the availability of commodities on the market. A growing number of African countries are adopting that strategy to improve food security.   On Saturday, June 10, Egyptian Minister of Supply and Internal Trade, Ali Moselhy, launched the construction of a food warehouse on a 4-hectare...

The report reveals that the continent has over 100,000 square kilometers of freshwater reservoirs that could be used for floating solar farms. Exploiting just 1% of this surface area would give a 100GW potential, more than eight times the continent’s overall installed solar capacity.  Africa has the world’s largest floating solar photovoltaic generating potential, according to a report...

Nigerian telecom operators are stepping up investment to meet the growing demand for high-speed connectivity. While some are capitalizing on the 4G, others, like MTN and Airtel, are banking on the 5G.   Nigerian telecoms operator Globacom (Glo) announced last week that it has started rolling out its fourth-generation Long Term Evolution Advanced (4G-LTE Advanced) mobile network in...

The activities of the cryptocurrency exchange Binance have been branded illegal by the Nigerian financial market regulator.  The Securities and Exchange Commission has warned the public and Nigerian investors who invest in this entity. Binance Nigeria Limited, the subsidiary of the crypto exchange platform Binance is going through a difficult time in Nigeria. Its activities were branded...

Gide advised Société Générale on the signing of various agreements relating to the sale of its subsidiaries in Mauritania, Chad, Equatorial Guinea and Congo. Subject to the satisfaction of certain conditions precedent (in particular regulatory approvals), the Coris group would purchase  Société Générale's stake in Société Générale Mauritanie and Société Générale Tchad, while...

Airtel acquired its license to provide 5G services to the Nigerian population in January 2023.  Competitors Mafab Communications and MTN have already deployed the technology in the country, in a context marked by high demand for high-speed connectivity. Nigerian mobile operator Airtel Mobile announced last week that it will soon launch its fifth-generation (5G) mobile network in the...

The African Medicines Agency established a few years ago, is close to getting operational. Uganda submitted its candidacy to host the agency’s headquarters but Rwanda was finally selected.  Rwanda has signed an agreement with the African Union to host the headquarters of the African Medicines Agency (AMA). The ceremony took place on Saturday, June 10, 2023, in the presence of Rwandan...

QCell is Gambia's second-largest telecom operator by number of subscribers. The company aims to capitalize on technological innovation to attract new subscribers and strengthen its market position.  Last week, Gambian mobile operator QCell launched its fifth-generation (5G) mobile network with technical support from Chinese technology company Huawei. It thus becomes the first telecoms...

Local production of pharmaceutical products in Côte d'Ivoire accounts for 6% of national needs. To increase that percentage to 20%, the government hopes to mobilize funds from private sector partners to accelerate production. Côte d'Ivoire wants to raise CFAF10 billion ($16 million) to boost pharmaceutical production this year, revealed Agence ivoirienne de presse on Thursday June...