The IMF's spring meetings in Washington, D.C., provided an opportunity for financial and economic policymakers to discuss the challenges they face. At the end of a meeting on the sidelines of that event, G-24 countries took stock of the multiple crises and shocks that threaten the world and proposed solutions. Last Tuesday, the Group of 24 (G-24) met on the sidelines of the International...

Unitel is the leading telecom operator in Angola, with a 78 percent market share. It was nationalized in October 2022 when the government took over the shares of Isabel dos Santos and Leopoldino Fragoso do Nascimento. Angola wants to privatize state-owned telecom operator Unitel by listing it on the Angola Debt and Stock Exchange (BODIVA), local media outlets reveal. The listing process is...

For the second consecutive year, the share of official development assistance attracted by Sub-Saharan Africa has declined. This imbalance reinforces the position of those who believe the continent should focus on financing its development goals by itself.   In 2022, official development assistance (ODA) from Development Assistance Committee (DAC) members reached a record $204.0...

At a time when businesses are undergoing profound changes worldwide, Moroccan business leaders plan to invest in transformation programs to improve human resources, operational efficiency, technology deployment, and energy transition. 44% of Moroccan executives believe that their company will not be viable in ten years if it does not transform human capital, operational efficiency, and...

The African Development Bank Group will mobilise close to $4 million to help Burundi urgently procure over 3,000 tons of fertilizer over the upcoming agricultural season. The support will enable the country to procure fertilizer for the first phase of the season, which begins in May. The country’s needs for the entire season are estimated at 145,000 tons. Burundi’s Minister of Finance,...

In 2022, the CFA Franc zone -with Cameroon and Congo-Brazzaville in the lead- drove the growth of banking UBA. Countries in the zone performed better than large markets like Ghana and Kenya.   In 2022, the CFA Franc zone contributed 72.2% of UBA Group’s profits outside Nigeria. In that zone, countries that host UBA’s subsidiaries generated NGN52.3 billion ( $113.5 million) in...

The South African telecom regulator has obliged all telecom operators to open their networks to MVNOs. This should facilitate the entry of this type of operator in the fast-growing telecom market. Melon Mobile, a mobile virtual network operator (MVNO) is expected to officially launch its commercial operations in South Africa. According to Calvin Collett, the company's founder, and CEO, it will...

The Japanese leader is expected to visit Egypt, Ghana, Kenya, and Mozambique to discuss ways to enhance cooperation between the continent and the G7, whose rotating presidency was assumed by Japan earlier this year. Japanese Prime Minister Fumio Kishida (photo) will tour Africa at the end of April to strengthen cooperation between the continent and the group of seven most advanced economies...

The Bank for International Settlements believes that the collapse of the cryptocurrency market could have harmed international financial stability, had the asset class been more linked to the real economy and the traditional financial system. The majority of retail investors lost nearly 50% of the bitcoin investments they made between August 2015 and December 2022, according to a Bank for...

Over 85% of the Malagasy population does not have access to the Internet, according to official figures. The government and private sector actors are increasing investments to bridge this gap in a context marked by the acceleration of digital transformation.  The World Bank has agreed to finance a USD 400 million project to connect an additional 3.4 million people to the Internet in...