The coronavirus pandemic, the war in Ukraine, and climate change have all hampered Africa’s progress toward meeting the Sustainable Development Goals (SDGs). With 2030 less than 8 years away, most African countries are struggling to meet the SDG targets. Without renewed efforts, nearly 492 million Africansill be left in extreme poverty with at least 350 million still in that condition in...

In 2021, African countries monetized only 22 megatons of CO2 equivalent for an estimated US$123 million. For the experts of the Africa Carbon Markets Initiative, this could be multiplied by fourteen.   Africa has the potential to mobilize US$6 billion a year from voluntary carbon markets (VAMs) by 2030 if it can overcome barriers to increasing its supply of carbon credits, according to...

The strong demand for broadband connectivity observed in Africa since 2020 is expected to continue over the next few years. Telecom operators are strengthening their broadband infrastructure to better meet this demand.  Last Tuesday, telecom group MTN announced  that its subsidiaries MTN South Africa and MTN GlobalConnect have landed the 2Africa subsea cable in Yzerfontein and...

Madagascar is currently implementing a digital ID program aimed at providing a digital ID for every citizen. The program is supported by several development partners.  In Madagascar, the government and the IFC will launch a training program to develop digital skills, the IFC announced in a release dated December 13, 2022.   The program targets the youth and public and private...

Following a 15-year career in Bolloré Transport & Logistics subsidiaries in Africa, David Azra became Managing Director of Kribi Conteneurs Terminal, operator of the container terminal at the Autonomous Port of Kribi, on 12 December 2022. He succeeds Eric Lavenu who has retired after many years working with the Bolloré Group.   He took on the position three months after the signing...

The African Development Bank and the Worldwide Fund for Nature (WWF), have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020. The report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building, market research, and linkages with...

Sub-Saharan Africa is expected to have the fastest-growing mobile subscriber base by 2028. 4G is also expected to remain the dominant network technology despite the 5G breakthrough.  In Sub-Saharan Africa, the number of 5G subscribers will rise from 7 million in 2022 to 150 million in 2028, according to a report published in late November by Swedish telecom equipment giant Ericsson. The...

Speaking at the US-Africa summit in Washington, the Cameroonian president defended the construction, with partners, of an African capital market in order to gradually move away from Official Development Assistance. The official development assistance, on which Africa currently depends, no longer meets the continent's financing needs, President Paul Biya defended during the ongoing US-AFrica...

In Africa, Rwanda is the first country to benefit from the new Resilience and Sustainability Fund launched by the IMF a few months ago to support the fight against climate change and the preparation for future pandemics. Rwanda will receive US$319 million from the International Monetary Fund (IMF) under a new aid program, the fund announced in a release dated Monday, December...

Bolloré Africa Logistics and the Autonomous Port of Douala (PAD) signed the concession agreement for the Port of Douala Timber Terminal (TBPD) on Friday 10 December 2022 in Douala. This new body, which is taking over the assets of the Société d'Exploitation des Parcs à Bois du Cameroun (SEPBC), will be in charge of developing the activities of the timber terminal in the port of...