Competition is high in the Beninese mobile telephony market. Market leader MTN is stepping up investments to bolster its position against rivals Moov Africa Bénin and Celtiis. On July 12, MTN Benin signed a partnership agreement with Ericsson to utilize solar energy to expand its coverage to 29 rural sites. The solution will also include managed services, providing preventive and corrective...

Access Holdings, a Nigerian financial group, completed the acquisition of five subsidiaries from Standard Chartered. This helps expand its operations to a 15th African country. This strategic move sees Access Holdings entering the Tanzanian banking market for the first time, while also strengthening its presence in Angola, Cameroon, Gambia, Sierra Leone, and Tanzania. The acquisition is subject...

During its latest media briefing in early June, ReconAfrica revealed the progress of its exploration work in Namibia's Kavango Basin. On July 12, ReconAfrica provided an update on its petroleum and gas exploration activities in Namibia's Kavango Basin. The Canadian company, already involved in exploration in the region, has been authorized by the Namibian Ministry of Environment, Forestry, and...

According to the WHO, the humanitarian crisis in Chad has reached alarming levels due to the armed conflicts in neighboring Sudan, which have increased the number of refugees. With over 570,000 refugees already present, the recent influx is putting unbearable pressure on essential resources. In Chad, the humanitarian crisis has reached "alarming" levels. In its latest report on health crises in...

Since April 2023, deadly fighting forced around 1.5 million people to flee Sudan. In this context, its neighbors organized a summit, which aims to explore ways of putting an end to the current conflict and its negative repercussions. Last July 13, Sudan’s seven neighbors held a summit, in Cairo, to find solutions to the ongoing conflict. During the summit, they called for an end to foreign...

Nigerian financial group Access Holdings has completed the acquisition of a 51% stake in Finibanco, an Angolan commercial bank. The transaction, initiated on October 5, 2022, has now met all necessary conditions and received regulatory approval. On July 13, Access Holdings officially announced the finalization of the majority stake acquisition in Finibanco Angola. As the new major shareholder,...

Al Baraka Bank Tunisia, the Tunisian subsidiary of Bahrain-headquartered banking group Al Baraka, recently submitted a bid to acquire an additional 51.08% stake in El Amana Takaful, an Islamic insurance company. On July 12, Al Baraka Bank Tunisia and its subsidiary, Al Baraka Sicar, announced a tender offer to acquire 51.08% of the shares, totaling 720,301 shares, in El Amana Takaful that they...

The West African Mining Activities Week has been organized since 2016, notably to attract mining investments to Burkina Faso. The 2023 edition comes at a time of declining gold production, with government efforts to reverse the trend. Burkina Faso will host the 5th edition of the West African Mining Activities Week (WAMAW) in Ouagadougou from September 28th to 30th, 2023. The date was announced...

Street Child United (SCU) is delighted to announce a three-year partnership with Rawbank to run the "1 million d’espoirs" development programme dedicated to sport and improving the skills and independence of children in the Democratic Republic of Congo (DRC). The partnership will be implemented in two phases; the first two years of the programme will provide a ‘train-the-trainer’ format...

A delegation from the African Development Bank Group recently met senior government officials in Monrovia to discuss the Government of Liberia’s request for financing of a major highway along the country’s coastline.   The proposed 444-kilometre coastal highway, from Bassa County to Grand Kru County, is expected to deliver significant economic benefits for Liberia and promote regional...