The slowing growth is the result of poor harvests and soaring commodity prices as the country faces its worst drought in more than four decades. Kenya's economy grew by just 4.7 percent in the third quarter of 2022, down from 9.3 percent in the same period of 2021, according to data released Friday, Dec. 30, by the Kenya National Bureau of Statistics (KNBS) According to the source,...

In addition to taking over its sister company Sonatel (Senegal)'s position as the most valued company on the BRVM, Orange Côte d'Ivoire is also reinforcing its parent company Orange's status as a key player in the WAEMU financial market. With Orange Côte d'Ivoire recently getting listed on the WAEMU regional securities exchange (BRVM),  French group Orange's subsidiaries are now weighing...

The alleged dismantling is a new development in the diplomatic tensions between DRC and Rwanda. Previously, DRC had accused its neighbor of backing the M23 rebels who previously captured some strategic towns in its eastern region.  The Democratic Republic of Congo (DRC) has purportedly dismantled a Rwandan spy network operating on Congolese territory. The alleged dismantling was announced...

In recent years, Niger has taken several actions to improve its internet coverage. The government also plans to create a legal framework for effective digital transformation.   Niger has adopted a new National Cybercrime Strategy to strengthen the country's digital transformation, a statement released after the December 27, 2022, Ministerial council informs.   According...

According to the World Bank, Egypt, which is hit hard by the Russia-Ukraine war, will record double-(digit inflation and an increase in poverty rate in the 2022-2023 fiscal year.  The World Bank approved US$500 million to support social protection programs in Egypt, the country’s Ministry of International Cooperation announced in a statement released Friday, December 23. Called "Takaful...

Outsourcing is a strategic sector for Morocco given the number of jobs it creates for the youth. A growing number of BPO partnerships have been signed in recent years to make the country one of the best tech destinations in Africa.  French tech group will invest over MAD350 million (US$33.3 million) in the Moroccan cybersecurity sector, We Are Tech reports. The memorandum of understanding...

The funding -a mix of loans and grants- will finance projects in several sectors including renewable energies, water, sustainable agriculture development, and climate resilience. Germany recently approved a €405 million (US$430 million) finance package to fund development projects in Tunisia, the Tunisian Foreign Ministry announced in a statement released Saturday, December 24. The...

Boston Consulting Group believes that digital skills development has not kept pace with the rapid digitalization in Africa. Only 11% of higher education graduates are well trained in digital skills, it estimates. Some 650 million Africans would need initial or refresher training in digital skills by 2030 if the continent is to take full advantage of the enormous potential of the digital economy,...

African Union Member States meeting in Abidjan have called on governments to speed up investment, coordination and implementation of programs to improve nutrition and food security in Africa. African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition.  The meeting ended with the signing of an “Abidjan Declaration.” “This must be the...

Digital transformation is one of the main axes of Zambia’s 2030 socio-economic development strategy. To achieve its goals, the country wants to digitalize all the services offered to the population.  The Zambian government and telecom operators have reached an agreement to cancel scratch cards by June 2023. Subscribers will have to purchase airtime only through digital...