Safaricom is expected to launch commercial operations in Ethiopia in the coming days. For months now, Ethio Telecom, which is well aware of the competitive weight carried by the new market player, has been implementing actions to reinforce its market position and be a step ahead of the new entrant.  Ethiopian incumbent operator Ethio Telecom will launch a music and video streaming service...

Under the patronage of the President of the Republic H.E. Ismaïl Omar Guelleh, Djibouti will host, from October 23 to 25, 2022 an international summit entitled: " Climate Change and Research (2CR): The path toward adaptation and lasting resilience ". This high-level meeting, organized by the Ministry of Higher Education and Research, will be held at the Djibouti Palace Kempinski. It...

Ghana’s debt could rise by 26% to 104% of GDP this year -due notably to a strong depreciation of the Cedi, which is one of the worst performing currencies in the world currently. Also, there is news about a new economic program being negotiated with the IMF. In that light, the main fear now conveyed by Moody’s and similar rating agencies is the idea of a debt restructuring, which they...

In November 2015, Helios Investment Partners bought French group Orange's majority stake in Telkom Kenya for an undisclosed amount.   Kenya, through its National Treasury, acquired the 60% stake held by British private equity firm Helios Investment Partners in Telkom Kenya.  The Ksh6.09 billion (US$50.3 million) deal makes the state the sole owner of the telecom...

For nearly a decade now, local Peruvian communities and mining companies have been clashing over the distribution of proceeds from the exploitation of mineral resources. Local communities, which estimate that they are cheated, campaign for a fairer system.   The Peruvian government recently suggested a set of solutions to reduce the economic disparities in the distribution of mining...

The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group President Dr Akinwumi Adesina led the bank’s...

Rawbank, a major player in the banking sector in the Democratic Republic of Congo, is proud to be listed among the top 200 African Banking Champions published by Jeune Afrique Magazine in its 300 Champions of Finance edition, published on September 26, 2022. This notable increase of 22 places compared to 2021 is the result of the various programmes launched by the bank concerning the...

For the second year in a row, Bolloré Logistics has received the "Platinum" award from EcoVadis with an overall score of 80/100 for the work done by the Business Unit. The advanced "Platinum" level is awarded to companies in the top 1% of performers on CSR issues. On average, companies in the same sector of activity are rated 45/100. Having already assessed more than 100,000 companies from a...

The Ugandan startup receives additional financial backing to scale its credit offering to SMEs in Africa where access to financing is difficult. Numida, a Ugandan fintech startup that provides credit to small businesses, recently raised US$12.3 million to expand its credit offering to businesses based in Africa.   After its seed funding last year, led by Beninese Dare Okoudjou's...

The head of the military junta, that ruled the country since January 2022, agreed to resign and headed to Lome, Togo.  On Sunday, October 2, 2022, two days after his dismissal by Captain Ibrahim Traoré, the new head of the junta ruling Burkina Faso,  Lieutenant-Colonel Paul-Henri Sandaogo Damiba (photo), agreed to resign.  His resignation, announced in a joint statement by...