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The loan is in line with one of the commitments made by Chad in December 2021 to improve its banking system. It is intended to recapitalize Commercial Bank Chad.
Commercial Bank Chad signed, Monday (July 4), a XAF15 billion (US$23.2 million) loan agreement with the Development Bank of Central African States (BDEAC). The agreement was announced the following day in a release issued by...
In 2014, Burkina Faso Blaise Compaoré was ousted by a popular uprising, forcing him into exile in Côte d’Ivoire, after nearly three decades in power. He has since been tried in absentia for his role in the assassination of his predecessor and friend Thomas Sankara.
Former Burkinabe president, Blaise Compaoré (photo) is announced for a short visit to his country next Friday. The information...
In Africa in general, demand for broadband connectivity is growing thanks to a certain number of factors. The growth is attracting new investors, even those in the energy sector.
Public company Kenya Power announced, Wednesday (July 6), it would launch fixed internet services in the country by June 2023. According to the utility company, the move will help diversify revenue streams and...
In South Africa, demand for broadband connectivity is ever rising. To meet the growing demand, telecom operators are increasing their infrastructure investments across the country.
South African telecom operator Vodacom announces it invested more than ZAR460 million (US$27.5 million) to upgrade its infrastructure in Limpopo. The investment will extend the operator’s broadband...
The product is launched one month after the Islamic bank got an insurance brokering license.
Bank Al Yousr, the Shariah-compliant subsidiary of Moroccan banking group Banque Centrale Populaire (BCP), announced the launch of Takaful Al Yousr, its first Islamic insurance product to be marketed in Morocco. The insurance product was set up in partnership with the Moroccan entity ...
A few days after the joint military exercise African Lion 2022, Tunisia and the USA are on the verge of signing a military equipment acquisition deal. According to several U.S. media outlets, the aircraft will mainly be used for training purposes.
Tunisia will purchase eight new military aircraft from the United States, to modernize its air fleet, several media sources inform. The...
On Thursday 30 June 2022, the Union of the Comoros and Moroni Terminal signed the amendment to the concession agreement for the Port of Moroni container terminal.
The amendment was signed by Bianrifi Tarmidi, Minister of Maritime and Air Transport, Mzé Abdou Mohamed Chanfiou, Minister of Finance, Budget and Banking, and Ahmed Ali Bazi, Minister of Economy, Industry, Investments, and Economic...
Over the past two years, demand for broadband connectivity and data traffic has exploded in Africa, mainly due to the coronavirus pandemic. To meet that demand and keep up with accelerating digital transformation, Namibia wants to strengthen its broadband infrastructure.
Equiano, Google’s subsea cable, has landed in Swakopmund, Namibia. This was announced by pan-African broadband...
The Trade Access Program, jointly developed with the British International Investment, will be managed by Swiss-based Inoks Capital. It will target cash-strapped SMEs and trade intermediaries to reduce Africa's estimated US$81 billion trade deficit.
Last April, the British International Investment (BII) and Swiss asset manager Inoks Capital launched an initiative to finance small and...
In 2021, the revenues generated by the Suez Canal, one of Egypt’s main sources of income, dropped significantly when it was blocked by the container ship Ever Given. A year later, the revenues generated by that trade route rose significantly.
In Egypt, Suez Canal revenues reached US$7 billion in the 2021/2022 fiscal year, which ended last June 30. The figure was disclosed on Monday, July...