Safaricom officially launched in Ethiopia in October last year. However, the company does not yet offer mobile money services in the country, as the telecom license it acquired in July 2021 does not cover digital payments. Telecom operator Safaricom is finalizing technical and commercial preparations for its M-Pesa digital payment service in the Ethiopian market, Anwar Soussa, chief executive...

In recent months, the DRC and Tunisia have multiplied initiatives to strengthen bilateral trade. Following the creation of a joint Tunisian-Congolese chamber of commerce five years ago, the authorities have just signed a new trade agreement. The Democratic Republic of Congo (DRC) and Tunisia have signed an agreement to strengthen trade cooperation, Agence Tunis Afrique Presse (TAP) reported last...

Experts examining an ongoing study of key factors underlying development in Africa on Friday, emphasized the need for the continent to sustain annual growth rates of at least 7-10 percent over the next 40 years if Agenda 2063 is to be met. The session, organized by the Africa Union Commission and the African Development Bank, was held on the sidelines of the 36th African Union Summit in Addis...

African leaders have pledged to take immediate action to integrate the recommendations from the newly released Africa’s Macro-Economic Performance and Outlook report into their national development plans. Zambian President Hakainde Hichilema said the study, conducted by the African Development Bank Group, provided an impetus for the continent’s leaders to forge ahead with needed reforms. His...

The African Development Bank Group and the Islamic Development Bank have signed a joint partnership action plan for the development of the pharmaceutical industry sector within their African member countries. The plan offers a new framework for strengthened cooperation and mutual development priorities, with a strong emphasis on boosting the continent’s health defense systems.   The...

The fund is raised about two years after a US$2.5 million financial support secured by the French startup. Thanks to the new financing, Qotto will pursue its expansion in West and East Africa. French cleantech Qotto announced, Thursday (February 16), it has raised EUR8 million (US$8.5 million) in a Series A round led by Mauritian conglomerate IBL Group. Several investors, both existing and new,...

The South African government is ramping up initiatives to accelerate broadband and ultra-broadband adoption in South Africa, including plans to turn off 2G and 3G networks by March 2025.   South African telecom operators have five years to finalize the rollout of 4G and 5G mobile networks in the rainbow nation, including rural areas. The ultimatum was revealed by Communications Minister...

South Sudan is experiencing one of its worst food crises since independence, according to the United States. At least two-thirds of the country's population could face severe levels of food insecurity this year if nothing is done.  The USAID announced, Thursday, the U.S. will provide more than US$288 million in humanitarian aid to South Sudan. The aid, managed by the United Nations World...

The AfricaGoGreen Fund (AGGF) has made headlines today with the announcement of its successful second fundraising close, securing $47 million in combined investments from top financial organizations, including the International Finance Corporation (IFC), the African Development Bank (AfDB), the Nordic Development Fund (NDF), and the Sustainable Energy Fund for Africa (SEFA). The funding...

The African Development Bank Group and the Islamic Development Bank have signed a joint partnership action plan for the development of the pharmaceutical industry sector within their African member countries. The plan offers a new framework for strengthened cooperation and mutual development priorities, with a strong emphasis on boosting the continent’s health defense systems.   The...