MTN Group is one of the largest telecommunications companies in Africa along with Airtel Africa, Orange, and Vodacom. The South Africa-based company has 291 million mobile subscribers across 19 markets.  MTN Group plans to exit three West African markets in the medium term. In its quarterly update for Q1-2023, the group said it was considering a takeover offer from Axian Telecom for its...

During the IsDB's 2023 Annual Meeting, Mali, Gambia, and Djibouti signed agreements with the International Islamic Trade Finance Corporation (ITFC) that will support key sectors of their economies to create opportunities for economic growth. The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed four agreements with Mali, Gambia,...

At a time when protecting sensitive data and enhancing cybersecurity are seen as a challenge shared by African countries, experts are increasingly advocating for public and private actors to pool efforts to sanitize the cyberspace.  On the sidelines of the Cyber Africa Forum (April 24 -25, 2023) in Abidjan, Youssef Mazouz, Secretary General of the African Cybersecurity Center, agreed to be...

Egypt plans to cede its stakes in 32 companies, including Egypt Telecom, by March 2024. The initiative is part of a program to mobilize budgetary resources and boost growth in the national economy. Egypt has revived its plans to sell an additional 10% stake in state-owned company Telecom Egypt, Bloomberg reported on Wednesday (May 10), citing unnamed sources close to the matter. The transaction...

10-year-old Karen hopes for “tangible outcomes” to boost climate action in Africa to emerge from the 2023 African Development Bank Annual Meetings Karen Wanjiru Kimani, a young African ambassador for the environment, has called for policies that will encourage young people to participate in protecting the planet, including through climate change mitigation. The Kenyan-born 10-year-old...

To address the funding gap facing startups and SMEs, the Ivorian government will set up an investment facility that will allow investors to acquire stakes in the concerned companies and startups.  The Ivorian government is planning a Long Term Investment Facility (LTIF) to improve the financial inclusion of start-ups and small, medium, and large enterprises (SMEs), several local media...

The subsidiary of Moroccan investment holding H&S Invest Holding will open its capital to the French investor STOA, engaged in infrastructure projects in Africa. The transaction is expected to be finalized by the end of June 2023. STOA, a subsidiary of French deposit and consignment fund CDC, announced Tuesday (May 9) a MAD330 million ($32.9 million) operation to acquire a minority shareholding...

The Seychelles Country Team of the African Development Bank held its first Civil Society Organizations (CSOs) Open Day in Seychelles on Thursday, 27 April 2023. A total of 25 representatives of CSOs, including the umbrella body, Citizens Engagement Platform Seychelles (CEPS), joined to discuss the bank’s country strategy and portfolio and identify opportunities for collaboration towards...

Morocco is facing water shortage caused by a severe drought. To tackle the situation, the kingdom is ramping up its efforts to develop infrastructure to improve water management and access. Morocco will allocate 143 billion dirhams ($14.2 billion) to its 2020-2027 National Program for Drinking Water Supply and Irrigation. The funds should help the country curb the effects of the drought it is...

Atos today announces its participation in the upcoming GITEX Africa 2023, which will be held in Marrakech, Morocco from May 31 to June 2. Atos will be showcasing its latest digital solutions and innovations, along with its alliance partner companies. The event will provide an opportunity for visitors to experience Atos' cutting-edge technology solutions, such as digital workplace, hybrid cloud...