According to the local telecom regulator, as of June 30, 2022, Côte d'Ivoire had nearly 46.5 million cell phone subscribers. MTN was controlling 34% of the market compared to 44% for Orange, the market leader.  Telecom operator MTN Côte d'Ivoire recently signed a 5-year renewable agreement with Canadian telecom infrastructure provider NuRAN Wireless to expand its network presence in rural...

With its inflation rate reaching 8.4% in September, the WAEMU is facing an unprecedented inflationary spiral, which is still defying government initiatives and BCEAO rate hikes. However, the institution is optimistic that it would slow down in October. Inflation would drop to 8% in October 2022 in the WAEMU region, the central bank BCEAO announces in its latest monthly economic...

The investment professional has managed international groups’ green finance strategies. The fund he recently launched aims to raise US$200 million to finance “infrastructure projects in the renewable energy, health, food and water scarcity, sustainable cities and green transportation sectors in Africa.” Hussein Sefian, a former investment and corporate banker at BNP Paribas, recently...

With demand for telecom services accelerating in Namibia, MTC is investing in its fiber optic infrastructure to improve the quality of its services. Namibian telecom operator Mobile Telecommunications Limited (MTC) informs it has deployed 475 kilometers of fiber optic backbone for its telecom sites in the framework of a N$100 million project that will ultimately reduce congestion on its...

The pan-African conglomerate AXIAN group is bolstering its Energy cluster with the creation of NEA (New Energy Africa), its newest brand, to drive both present and future renewable-energyprojectsacrossthe continent. NEA(NEW ENERGY AFRICA), AN IMMEDIATE RESPONSE TO AFRICA’S ENERGY CRISIS. According to the International Energy Agency, 43% of Africans currently do not have access to electricity....

Mobile payment services are growing rapidly in Nigeria. According to NIBSS data, the value of mobile money transactions grew 172.2 percent to NGN4.9 trillion in the first four months of 2022, compared to NGN1.8 trillion over the same period in 2021.  Nigerian telecom operator Globacom, founded by billionaire Mike Adenuga, announced that MoneyMaster PSB, its payment services banking unit has...

The African Development Bank Group today announced the appointment of Hassatou Diop N’Sele, as Vice-President for Finance and Chief Financial Officer. Mrs. Diop, a Senegalese national, has been acting in the role since November 2021. N’Sele, an accomplished professional with over 30 years of banking and finance experience, joined the African Development Bank in 1999 as Senior Treasury...

The island nation of Mauritius is set to host the 2022 African Economic Conference (AEC) from 9-11 December, its Minister of Finance, Economic Planning and Development, Dr. Renganaden Padayachy, said Thursday at a news conference announcing the event. The African Economic Conference is Africa’s leading forum for discussing the continent’s emerging challenges and opportunities and is jointly...

In Ghana, illegal gold mining is hurting both the cocoa crop and the government’s gold mining revenues. While no government has succeeded in stopping the phenomenon, the current regime seems to be on the right track. In recent days, the Ghanaian political scene has been shaken by debates around illegal gold mining called “galamsey” in the country. Sammy Gyamfi, spokesperson of the main...

The Bolloré Group has been supporting youth empowerment for many years, through the sponsorship programme "Earthtalent by Bolloré". In 2021, the Group supported 366 projects with a significant societal impact in the countries where it operates. 70% of them were on the African continent, reaching more than 55,000 people.  The Group's philosophy, based on ethical commitment and solidarity,...