In 2021, Vodafone announced its plan to sell its stake in its ailing Ghanaian subsidiary to Vodacom. The deal did not come to fruition.   British telecom group Vodafone announces plan to sell its 70% stake in Vodafone Ghana to Telecel Group.  The transaction, which is still subject to “certain conditions”, will allow the British giant to refocus on its key markets. According...

Only one (1) year after its launch, Plateform Industrial Adétikopé (“PIA”), implemented in TOGO by ARISE IIP, the pan-African promoter & operator of world-class industrial parks, is absolutely delighted to announce that it has been “ISO 9001:2015—ISO 14001:2015—ISO 45001:2818” certified by the company “FrenchCert UK LTD,” for its operations & management. This certification label...

The guarantee to Coris Bank comes a few days after the one Proparco provided to Vista Bank Burkina Faso. It will fund importers of essential goods.  Coris Bank Côte d’Ivoire announced Thursday (July 28), a €19 million (about US$19.4 million) guarantee secured from Proparco, the French Development Agency (AFD)’s agency in charge of private sector development.  The financing...

Mauritania is facing one of its most serious humanitarian crises due to drought. Its measures to deal with the crisis are backed by international partners.  The U.S. will grant US$11 million in economic and humanitarian support to Mauritania. The information was disclosed in a release published by the U.S. Agency for International Development (USAID) on Thursday, July 28.  This...

In the occasion of the third Finance Ministers and Central Bank Governors meeting under Indonesia’s G20 Presidency, Dr Frannie Léautier (photo), Senior Partner and CEO of SouthBridge Investments, presented the final report of the Independent Review of MDBs’ Capital Adequacy Frameworks. The Review was launched under the Italian G20 Presidency, with the objectives to help shareholders, and...

Demand for broadband internet is growing in South Africa since 2020. That demand brought increased competition with actors, including MetroFibre, wanting to extend footprints to profit from the opportunities presented.   South African fiber broadband connectivity provider MetroFibre Networx recently secured a ZAR5 billion (US$299.8 million) loan to extend its fiber network across South...

The financing is announced one month after Access Bank unveiled plans to acquire Kenyan bank Sidian.  U.S Development Finance Corporation (DFC) recently signed a US$280 million commitment letter to Nigeria’s Access Bank Plc. The financing, a loan precisely, will be used to fund local small and medium-sized enterprises (SMEs). The loan "will boost financial inclusion in Nigeria and...

Between 2020 and 2022, three West African governments were toppled by military officers. Another one, Guinea-Bissau (headed by the current ECOWAS chairperson) foiled a coup attempt last February.   The Economic Community of West African States (ECOWAS) is mulling over the creation of an "anti-coup force" to combat coups in Africa. The plan was announced today, Thursday (July 28), by...

The investments will benefit several sectors including renewable energies and infrastructure. They will also support women-owned businesses and climate adaptation projects.  The UK development finance institution British International Investment (BII) plans to invest US$6 billion in Africa, over the coming five years, Bloomberg revealed Wednesday, July 27.  The investments include a...

The IFC loan is the institution’s first commitment to finance both infrastructure and water development in a special economic zone in Sub-Saharan Africa.  The International Finance Corporation (IFC) announced, Wednesday (July 27), plans to provide up to a US$30 million loan to Ghanaian diversified company LMI Holdings. The company, which operates in construction, real estate development,...