The African Internet market is growing rapidly, driven in particular by the ongoing digital transformation. The growth is attracting investment from multinationals.   Amsterdam Internet Exchange (AMS-IX) announced, Tuesday (August 23), a memorandum of understanding with Nigerian firm MainData Nigeria Limited (MDXi) to operate and develop Internet exchange services across Africa. Under...

In 2014, Mozambique announced a bus rapid transit project that would improve mobility in Maputo. However, the project was facing funding issues, during which the World Bank’s disbursement may end.   The World Bank, through the International Development Association (IDA), approved a US$250 million disbursement to improve mobility in Maputo, the Mozambican capital. The Bretton Woods...

The performance was driven by interest and non-interest income as well as its digital services. Kenyan financial group KCB Group Plc posted Ksh19.6 billion (US$163.4 million) of net earnings for H1-2022. The performance is up by 28.4% compared to its result during the same period last year.  According to the financial group, the performance was driven by an “ improvement in both the...

Currently, MTN and Mafab are the only operators with a 5G license in Nigeria. However, Mafab is yet to get its unified access service license. So, in the meantime, MTN will be able to comfortably establish itself in this market segment.  Telecom operator MTN Nigeria Plc announced, Wednesday (August 24), the launch of a 5G pilot launch in the country. The test phase was launched in...

African countries import 97% of the pharmaceutical products they use. In recent years, several projects have been launched to increase the percentage of locally-produced drugs in their consumption.   Burkina Faso inaugurated, Monday (August 23),  Propham, its first generic drug manufacturing plant.  The plant is the result of a private initiative by Burkinabe pharmacists led...

In June 2021, Senegal launched works to improve roads, and therefore open up the Dandé Mayo region, in the northeast. In its bid, the country is supported by international partners.    The Saudi Fund for Development (SFD) will loan Senegal US$47 million for the rehabilitation of the Orofondé-Nguidjilone road. The related loan agreement was signed at the Senegalese Ministry of Economy...

Malawi has long been willing to introduce a third telecommunications operator into the national market to end the Airtel-TNM duopoly. However, its multiple attempts have failed so far.   The Malawi Communications Regulatory Authority (MACRA) recently announced the awarding of the country's third telecom license to Malcel Plc. The new operator plans to enter the national telecom market...

The deal comes three years after media group Choueiri entered ArabyAds' capital. It will support the marketing agency's expansion in the MENA region and improve its service offerings.  Egyptian adtech company ArabyAds announced, Monday (August 22), that it has secured US$39 million in pre-series A funding from AfricInvest. The funding was provided via the Maghreb Private Equity Fund IV...

Bolloré Logistics announces that it joined the Shippers’ Coalition for Low Carbon Maritime Transport last July. This association represents shippers whose goal is to encourage the industrial use of alternative propulsion solutions, such as wind-assisted propulsion. Through this membership, Bolloré Logistics is providing its support to solutions that use wind-assisted propulsion, which...

The U.S. support will enable Africa Data Centres to expand its footprint in other African countries and effectively meet high demand in the growing data center market.   Africa Data Centres (ADC), the Cassava Technologies Group's data center construction and operations subsidiary, has received an US$83 million disbursement from the U.S. Department of Commerce's International...