Four ministers are leaving their posts, including those in charge of security and Justice.  Captain Ibrahim Traoré (photo), President of the Transition in Burkina Faso, has reshuffled his government. The information was officially disclosed in a release issued by the Presidency on Sunday, June 25.  The reshuffle sees the arrival of four new ministers. Magistrate Emile Zerbo as...

The West African Development Bank (WADB), steady in its mission to stimulate West African economies, approved CFAF182 billion in financing for 11 projects. This new commitment reinforces its crucial role in boosting infrastructure and improving living conditions in the region.  At its 136th ordinary session recently, the WADB Board of Directors, chaired by Serge Ekué (photo), approved a...

Companies wishing to operate in the Kenyan ICT sector are obliged to sell 30% of their capital to local investors. In the Kenyan telecoms market, Airtel is the only operator yet to comply with this rule.  Telecom group Airtel Africa is set to list its Kenyan subsidiary on the Nairobi Stock Exchange (NSE) to comply with current regulations. This was revealed by Segun Ogunsanya, Group CEO,...

With 684,000 ounces delivered in 2022, Loulo-Gounkoto is Mali's largest gold mine. In 2021, the mine exploited by Canada's Barrick contributed $732 million to the economy, including $300 million in mining taxes and royalties.  In 2022, Barrick Gold, which is exploiting the Loulo-Gounkoto gold complex, paid $263 million in mining taxes and royalties to the state. According to...

The whitepaper points out that the growing awareness of ecological urgency, the increasing digitization of industrial processes, and the establishment of the African Continental Free Trade Area offer Africa an unrivaled opportunity to embark on the path to sustainable industrialization.     After falling considerably behind in the global industrialization race, Africa can now...

Illegal mining occurs in most of the continent's mining countries. In South Africa, where abandoned mines number in the thousands, it is sometimes the cause of violence between armed gangs, not to mention the risks inherent in this practice: falls, toxic inhalation, etc. In South Africa, Minister of Mineral Resources and Energy Gwede Mantashe will be visiting Welkom, in the Free State province,...

Digital technology is at the heart of Algeria's socio-economic development strategies. To accelerate the realization of its digital transformation ambitions, the government is multiplying initiatives to guarantee connectivity services for the entire population.    Algeria has included some 1,400 territorial zones with fewer than 2,000 inhabitants in the new Universal Telecom...

AirtelTigo is the result of the merger of Airtel Ghana and Tigo Ghana in 2017. The company was bought, in April 2021, by the Ghanaian government for $1, but retained its brand name. Ghanaian telecommunications company AirtelTigo announced it will now operate under the brand name “AT”. This change will apply to all the telecoms operator's sub-brands: AT Money, AT Business, AT Premier,...

The agreement, under review since February 2023, was recently approved by the IFC. It will provide the Bank of Kigali with financial resources to strengthen its international trade activities and expand its network.  On Tuesday, June 20, the Bank of Kigali, Rwanda's leading bank in terms of assets, net loans, and deposits (as of June 30, 2022), signed a $20 million trade finance...

Suez Canal is one of the main foreign reserves and income sources for Egypt. In the 2022/2023 fiscal year, its revenues reached an "all-time high", according to the Canal Authority in charge of its management. Revenues from Egypt's Suez Canal rose by 34.2% in the 2022/2023 fiscal year, the Suez Canal Authority (SCA) reported on Wednesday, June 21. The said revenues reached $9.4...