Meeting on Tuesday, 18 October 2022, the Board of Directors of the African Development Bank Group approved the mid-term report of the implementation of the Bank’s 2020-2024 Country Strategy Paper (CSP) for Eswatini and the 2022 country portfolio performance.   The review assessed the extent to which the objectives and expected outcomes of the Bank’s strategy and captured lessons learned...

On 2 November 2022, in the presence of the port authorities, Côte d'Ivoire Terminal officially launched the commercial activities of the new container terminal of the port of Abidjan, with the arrival of the CMA CGM ROSSINI vessel, measuring 267 m long and 40 m wide, and transporting 5770 TEU containers. The launch of the activities of the second terminal comes after successful tests in...

Zimbabwean President Dr Emerson Mnangagwa has called on investors to realize the massive investment opportunities in Zimbabwe and shun negative perceptions of risk. Zimbabwe, self-sufficient in food production and a major exporter of wheat, tobacco, and corn to the 14-member Southern African Development Community, to other African countries and the wider world before 2000, saw its exports...

From 2017 to date, the South African insurance group has been involved in 50 similar deals. South African insurer Sanlam completed two merger and acquisition deals in its local market last Tuesday. The first and direct transaction is the acquisition of Alexander Forbes’s portfolio management arm for ZAR200 million (about US$11 million). The transaction, carried out by Sanlam’s life...

In a context marked by accelerated digital transformation, Egypt wants to make sure its residents have access to quality telecom services, therefore facilitating the achievement of its digital-based development ambitions. Egypt's National Telecommunications Regulatory Authority (NTRA) has slammed a EGP24 million (US$989,751) fine on telecom operators. According to the regulator, the fined...

Bamako, which re-entered the government securities market just three months ago, is accelerating its issues to reach at least half of its pre-sanction targets. But investors are still wary of its securities. On November 2, 2022, Mali again missed its target in the WAEMU financial market after a failed operation last September 21. The country, which is racing against time to make up for the...

In 2015, the Zimbabwean telecom regulator laid the groundwork for a legal framework allowing mobile virtual network operators to enter the local market. Several companies have expressed interest in the segment but none of the attempts has been successful so far.   The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) recently announced it granted the country’s first...

Nigerian billionaire Aliko Dangote is still influencing his country's financial market but, his company is gradually losing its leading position on the local stock exchange to South African telecom group MTN. Dangote Cement is no longer the largest company listed on the Nigerian Stock Exchange (NSE). According to market data assessed by the Ecofin Agency, as of November 1, 2022, the group’s...

In 2021, the coronavirus Omicron variant pushed the AfDB to postpone the African Investment Forum. For this new on-site edition, the forum gathers about 1500 participants under the theme "Building Economic Resilience through Sustainable Investments". The African Development Bank (AfDB) launched earlier today, the 2022 edition of its Africa Investment Forum (AIF) which brings together leaders,...

Developing cold storage chains for perishable goods is one of the strategies that can contribute to climate adaptation goals. The International Finance Corporation’s commitment could finance that strategy, to the tune of US$10 million, in Senegal and Morocco. The International Finance Corporation (IFC) is expected to invest nearly US$10 million in equity for IFRIA, a cold storage service...