The levy introduced in March 2022 was supposed to fetch the country over US$900 million. However, the government recently confirmed that the controversial levy did not fetch the expected resources. Today, Wednesday, January 11, 2023, Ghanaian electronic payment service providers have begun implementation of the revised e-levy, following directives from the Ghana Revenue Authority (GRA). The new...

By acquiring InstaDeep, BioNTech wants to integrate artificial intelligence capabilities into its drug discovery, manufacturing, and distribution processes. German biotech group BioNTech announced, Tuesday (January 10), the acquisition of InstaDeep, a London-based Tunisian artificial intelligence firm.  The transaction includes EGP362 million (US$440 million) cash and an undisclosed number...

In December 2022, the country, which is battling a serious economic crisis, decided to temporarily suspend the payment of part of its foreign debts, pending a restructuring agreement with creditors. Last Tuesday, Ghana officially requested a restructuring of its bilateral debts under the G20 Framework, Reuters reported citing sources close to the case. The request aims to include countries like...

Twenty-five youth-led agriculture sector companies from 14 African countries have advanced to the finalist round of the African Development Bank Group’s 2022 AgriPitch Competition. The Bank, in collaboration with the implementing lead Private Equity Support and partner organizations Eldohub and the Private Finance Advisory Network, announced the 25 finalists for the Competition that will...

Rwanda wants to greatly improve the standard of living of its population, modernize infrastructure and transform its economy by 2050. For that purpose, it has launched several programs already. Rwanda will launch a US$40.8 million public services digitization program, the Ministry of Finance announced last Friday. The program will be funded by a US$39.5 million loan and an over US$1.2 million...

The ceasefire agreement recently signed by the Federal Government and Tigrayan rebels provides for the restoration of essential services that were suspended since the beginning of the war. The federal government committed to respecting the ceasefire terms to guarantee lasting peace. Ethiopian incumbent operator Ethio Telecom announces it has restored telecom services in 27 Tigrayan towns,...

The yet-to-be-finalized transaction will mark the French private equity firm's exit from the Egyptian subsidiary of Total. B Investments, the Egyptian subsidiary of French private equity firm BPE Partners, has accepted a close of up to US$30 million to sell its remaining 6.4% stake in TotalEnergies Marketing Egypt. The buyer is TotalEnergies Marketing Afrique SAS (TEMA), French energy group...

In 2022, the Tunisian government raised just US$17 million from the sales of companies confiscated from the Ben Ali clan. It now plans to accelerate its divestment from most of the seized companies, most of which face serious financial challenges. In mid-January 2023, Al Karama Holding, the company that manages the companies confiscated from former president Ben Ali’s relatives, will launch...

The infantry corps known in French as Tirailleurs Sénégalais (Senegalese riflemen) was created by Napoleon III, in 1857. The corps fought in the two world wars and colonization wars for France and, nowadays, several initiatives have been launched to get their various rights recognized and improve their living conditions. Senegalese Tirailleurs' rights are now recognized in France, reveals a...

The investment project is part of the 2035 Plan for an Emerging Senegal (PSE) that aims to reduce social inequalities and injustices and enable Senegal to become an emerging country by 2035. Senegal will invest over US$806.3 million in a new regional investment project, informs a release published at the end of the December 28, 2022, ministerial council. The project, called Regional Priority...