With its investment in Saudi teleradiology provider Arkan United, Rology expands into the Middle East, materializing a plan announced in April 2022 when it closed a pre-Series A round.   Egyptian teleradiology platform Rology has acquired an undisclosed equity stake in Saudi peer Arkan United, a release announced on Sunday, June 4.  The acquisition enables the platform to enter...

Ethio Telecom is committed to becoming the instrument of Ethiopia's digital transformation. The state-owned company recently signed an agreement with the Ministry of Revenue to digitalize tax payments. On Tuesday, June 6, incumbent operator Ethio Telecom announced that it signed an agreement with the Addis Ababa city administration to deploy a software-defined wide area network and...

The African Development Bank last month launched the Integrated Urban Infrastructure and Climate Adaptation Study Project in Djibouti city in Djibouti. The study will lead to a roadmap for improving access to resilient urban infrastructure and basic services. It also entails building institutional capacity for inclusive and participatory urban planning and management while addressing gender...

Rwanda is committed to becoming a green economy and reducing its emissions by 38% by 2030. Faced with the continuing impact of climate change, the government has revised its resilience strategy to provide more efficient responses. The Rwandan government has launched its revised green growth strategy to achieve a more climate-resilient economy, the Ministry of the Environment announced,...

Egypt is counting on international cooperation to speed up the implementation of its digital strategy.  The country recently signed ICT and telecoms agreements with Palestine, Somalia, and Romania... On Monday, June 5, Egypt's National Telecommunications Regulatory Authority (NTRA) signed a Memorandum of Cooperation with the United States Federal Communications Commission (FCC) for...

According to Kenyan banks, though moderate, inflation will still be high. So, combining that prospect of weaker economic growth, they are already anticipating a decline in profit margins.  In Kenyan, lending companies expect inflation to stabilize at around 7.5% this year, slightly higher than the 6.8% observed last year.  To curb that inflation, the central bank has raised its key...

AGL (Africa Global Logistics), the reference multimodal operator in Africa, is proud to announce that it has joined the United Nations Global Compact, the largest international initiative that aims to support companies in their sustainable transformation. By integrating the Global Compact, AGL is reiterating its commitment to the Sustainable Development Goals (SDD) adopted by the United Nations...

The US First Lady embarked on a visit to Namibia and Kenya in February to enhance partnerships. It is noteworthy that this marks her second visit to the continent, coinciding with her husband's anticipated trip to Africa later this year. U.S. First Lady Jill Biden (photo) began a visit to North Africa on Friday, June 2. After Egypt, the First Lady arrived in Morocco on Sunday, June 4. In both...

Gide advises IFC Advisory and the Water Treatment Authority of Tunisia (ONAS) on the signing of a concession contract with SUEZ for the sanitation services in southern Tunisia. Gide acted as legal advisor to the International Finance Corporation (IFC), itself Lead Advisor to the Water Treatment Authority of Tunisia (Office National de l'Assainissement de la Tunisie, ONAS), for the structuring,...

East Africa accounted for almost two-thirds of the funding raised by start-ups active on the continent last month, thanks in particular to the mega-rounds completed by two Kenyan startups.   In May 2023, African startups raised $621.8 million in financing, up 42% compared to March 2023, according to TechCabal Insights.  The same source reveals that compared to the April 2023...