In April 2022, Africell launched its commercial activities in Angola. With five million subscribers currently, it wants to accelerate its growth and increase revenues.   The U.S telecom group Africell recently signed a partnership agreement with the British company Perception TVCDN to launch a free television service in Angola. The television service called AfriTV, is scheduled to...

Between 2008 and 2018, intraregional trade rose by more than four percentage points, from 15.2% to 19.5%, in the SADC region. By implementing several measures, regional authorities want to increase that rate. The Southern African Development Community (SADC) launched, Wednesday (September 7) its electronic certificate of origin (e-CoO) to facilitate intra-regional trade. The launch was announced...

The African Development Bank has welcomed 12 new Executive Directors, including five women, for a three-year term. The President of the African Development Bank Group, Dr. Akinwumi Adesina, welcomed the new representatives of the 20-member Board of Directors. They officially joined the Board on 1 August 2022, and began a four-day induction programme on 1 September 2022 to familiarize themselves...

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated in due...

In 2021, they raised record financing volume, becoming a growth reference in Africa. They are now embarking on new projects that will make them world-class leaders. Recent developments show  Nigerian startups Moove and Flutterwave are taking the African fintech sector to the international scene. In late August 2022, Moove -which provides vehicle financing in Nigeria and Tanzania- signed a...

Safaricom plans to launch its nationwide commercial operations in Ethiopia, in October 2022. It commits to making huge investments to conquer a market long monopolized by incumbent operator Ethio Telecom. World Bank Group's International Finance Corporation (IFC) announced, Wednesday (September 7), plans to invest US$160 million into Safaricom Telecommunications Ethiopia (STE). The investment is...

Despite the small amount of greenhouse gas it emits, Egypt is experiencing the effects of climate change. The government thus wants to stem the phenomenon with its response plan.  The United Kingdom, through the Foreign, Commonwealth, and Development Office (FCDO) and the European Bank for Reconstruction and Development (EBRD), will provide more than US$12.7 million to strengthen e-mobility...

ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems across Africa, in partnership with the Government of Rwanda, is proud to announce the signing of a framework agreement for the development of an industrial zone in Bugesera District. This agreement, in line with ARISE IIP’s ambition to unlock Africa’s industrial potential, will...

The African Development Bank and the Global Green Growth Institute (GGGI have launched a report analysing  the readiness of seven countries - Morocco, Tunisia, Kenya, Rwanda, Senegal, Gabon and Mozambique - to drive green growth. The joint report was launched on the sidelines of Africa Climate Week, in Libreville, Gabon. It assessed the status and trends of green growth as well as...

In May 2022, Sanlam and Allianz announced a more than US$2 billion joint venture project “to create the largest pan-African non-banking financial services entity on the continent.” The South African group expects the deal to be completed in the next 12 months. Sanlam and Allianz’s joint venture project could be completed in the next 12 months, according to a note to investors today,...