The Egyptian capital city of Cairo has been announced as the new host of the third Intra-African Trade Fair (IATF2023) which will now take place from 9 to 15 November 2023. The IATF2023 Advisory Council said in Cairo that the decision to change the venue and dates of the continental event, originally scheduled for Abidjan, Côte d'Ivoire, from 21 to 27 November 2023, followed indications...

In 2021, World Mobile began preparations to roll out its mobile network in Zanzibar. In November of that year, the company deployed remote-controlled aerostatic balloons to serve as the backbone of the network. World Mobile Group recently announced the launch of a blockchain-based commercial telecommunications network in Zanzibar. The company promises Zanzibaris a mobile data 50% cheaper than...

As a top-priority project for the government, the hydroelectric power plant’s launch will give up to two million Malagasy access to reliable and affordable electricity. The Minister of Energy & Hydrocarbons, Mr. ANDRIAMANAMPISOA Soloniaina Rasamoelina, the administrators of the board of directors of JIRAMA Mr. RAKOTONDRAVAO Fredon, Mr. TSABOTO Roger, Mr. RASOLOFONANTENAINA José Elysé and the...

The Gambia, Ghana, Liberia, Sierra Leone and Sudan plan to contribute $1 million each to ADF’s next replenishment cycle Five African Development Bank Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member...

Delegates attending the 2023 African Development Bank Group’s Annual Meetings in Sharm El Sheikh, Egypt, celebrated Africa Day on Thursday amid hopes for better prospects for the continent and its youth. The commemoration, which marks the 60th anniversary of the establishment of the African Union, allowed for retrospection by member countries on how the continent can surmount its challenges...

The Board of Governors of the African Development Bank Group has approved management’s request to leverage the equity of the African Development Fund, to mobilize more resources on the capital markets. The Fund is the Bank’s concessional lending window. “When fully implemented, the Bank Group could unlock up to $27 billion to help low-income and fragile states,” Bank Group president...

SMEs are vital contributors to inclusive socio-economic development and growth in Africa. However, they face numerous challenges, which prevent them from unleashing their full potential. This is why the African Union is partnering with the International Trade Centre to address some of the challenges.  The International Trade Centre (ITC) and the African Union Commission recently signed a...

Last year, 575 mobile apps with more than one million monthly active users were identified in Africa. The continent still offers great growth prospects for developers looking to target a young and increasingly connected population.  In December 2022, the number of monthly active users on mobile gaming applications exceeded 200 million in Africa. According to a report published in early May...

Kenya's Zydii becomes the second African company to join the portfolio of Dutch investor Dob Equity this year. The funds secured will finance its expansion.       Zydii, a Kenyan platform offering companies and their employees technical and soft skills training services, has raised pre-seed funding of an undisclosed amount. The deal was announced on May 17 by Dob...

Bolster Africa to resist financial shocks, build climate-resilient economies, say African leaders at African Development Bank’s Annual Meetings  The African Development Bank Group’s 2023 Annual Meetings officially opened on Tuesday, with a clarion call by African leaders, together with the Bank’s President, Dr Akinwumi Adesina, to ramp up financing to meet Africa’s urgent climate...