The average score in North Africa is 38.59 points out of 100 against 29.38 points in Sub-Sahran Africa. The two regions scored below the global average, which is 44.61 points. British firm Oxford Insights recently published the "Government AI Readiness Index 2022," which ranks 181 countries based on 39 indicators in three pillars, namely "government" "technology sector" and "data and...

The operation aims to counter inflation, which is expected to reach 3.9% this year. Morocco's central bank, Bank Al-Maghrib, is scheduled to launch, today (January 16) a tender offer to buy government bonds in the secondary market. This will be the bond-buying operation launched by the institution this year after the one of January 9.  That day, for the first time in its history, the...

The two countries that face, to various extents, common economic challenges want to mutualize their efforts to overcome those challenges. Last Thursday, during a working visit, a delegation of the Burkinabe government discussed various cooperation axes with the Republic of Guinea. The information was disclosed by the Burkinabe Ministry of Foreign Affairs in a release published on its website on...

In Africa, network coverage has greatly improved over the past decade. In some countries, it is nearly 100% and mobile phones are getting more affordable. But, some issues still hamper digital inclusion.  In 2021, five African countries had over 94% mobile phone ownership (meaning that almost every resident has a mobile phone), a survey by Afrobarometer reveals. The said countries are...

“We want to be the adults that children can speak to” Nthombi Pukwana, clinical psychologist, Transnet Phelophepa train. The early morning air is cool and nippy, but already queues are quietly forming along a section of railway track in the small town of Darling, a farming community in the west coast region of Western Cape, South Africa, about 75 km (46.6 mi) from Cape Town. They come...

Over 60% of the Kenyan population lives in poor districts with no access to adequate infrastructure, according to the French Development Agency AFD. To improve their living conditions, since 2010, the government and its development partners are implementing a set of programs that will allow improved access to basic infrastructure. The French Development Agency AFD announced Thursday (January...

The debt securities will help fund local firms outside the banking system. Afrinvest Capital announced, Thursday (January 12), the issuance of up to NGN5 billion (US$11 million) in commercial papers, via its investment bank DLM Capital Group. A commercial paper is a negotiable debt instrument issued in the money market to allow companies to borrow on near-market terms without going through the...

During the period, they raised 37% of the overall VC funding in Africa. Although Nigeria remained the destination of a sizable portion of the funding, other countries like Ghana and Côte d'Ivoire recorded surprisingly strong performance. West African startups raised US$1.8 billion in 2022, according to Africa: The Big Deal. With such performance, West Africa was the leader in terms of funding...

The government was planning to privatize 195 firms between 2019 and 2022 and exit the productive sector. However, the plan was delayed by the coronavirus pandemic and it reduced the number of assets to be sold to 178.  Angola has raised Kz567 billion (US$1.13 billion) by privatizing 96 state firms since 2019, said Secretary of State for Finance and Treasury Ottoniel dos Santos last...

The GSMA estimates that the number of 5G subscribers will exceed 340 million in Africa, by 2030. It also expects the network to revolutionize every economic sector on the continent. 5G will contribute US$26 billion to African economies by 2030, a recent GSMA report estimates. The report explains that 5G networks will bring substantial improvements, compared to other network generations (2G, 3G,...