About six months to the end of the finance year, Societe Generale Côte d'Ivoire’s share is on an uptrend with solid stock performance. However, the performance will not benefit many local retail investors.  Although its share price fell by 4.6% on Thursday 23 June, Societe Generale Côte d'Ivoire is currently the leading listed bank on the Abidjan Regional Securities Exchange (BRVM). The...

In Africa, there is a growing number of initiatives to boost the local medicine production capabilities. In the same wake, leaders and international partners want to increase the number of vaccine factories on the continent.  German pharmaceutical company BioNTech recently launched the construction of Africa's first modular messenger RNA (mRNA) vaccine manufacturing facility. It disclosed...

Last February, the communications authority announced its intention to deploy the 5G in Kenya this year, bringing ultra-high connectivity to the population in a context marked by growing demand.   The Communications Authority of Kenya (CA) announced, Thursday (June 23), a technical cooperation agreement with Huawei, with immediate effect. Renewable every five years, the agreement...

The coronavirus pandemic and the resulting accelerated digital transformation increased demand for high-speed connectivity worldwide. New consumption patterns have also emerged.  Fifth-generation (5G) mobile subscriptions will cross the 1 billion mark by the end of 2022, Ericsson indicates in its recently-published mobility report. According to the Swedish tech company,  that number is...

The initial US$788.10 million phase of the program will target Ethiopia and Madagascar, two countries hit hard by drought.  The World Bank announced Tuesday (June 21), a US$2.3 billion program to help Eastern and Southern African countries fight food insecurity.   According to the multilateral financial institution, by next month, 66.4 million people will experience food stress,...

Nine months after raising US$120 million to strengthen its operations in Egypt, microfinance and digital payments solutions provider MNT-Halan is acquiring an online consumer goods company. Egyptian fintech MNT-Halan announced Wednesday (June 22), the acquisition of Talabeyah, a shopping platform that offers access to a wide range of consumer goods.   The terms of the transaction were...

Despite a drop in its export sales, Total Senegal managed to increase its net profits in the first quarter of 2022. The performance coupled with a generous dividend policy makes the company attractive to investors.   Total Senegal seems to be doing well despite ECOWAS sanctions against Mali, its main export market.  On the WAEMU stock exchange, the company even posts a cumulative...

Last May, Glencore admitted to paying bribes for oil contracts in Africa. On Tuesday, June 21, its British subsidiary formally pleaded guilty to the allegations. Glencore, the Swiss commodities giant, pleaded guilty on Tuesday (June 21), before a British court for bribery in several African countries. In Côte d'Ivoire, Cameroon, Equatorial Guinea, Nigeria, and South Sudan, the company admitted...

Earlier this month, the BCEAO raised its key rates in a bid to curb inflation. However, its recent economic indicators suggest that monetary solutions will not be enough to achieve the targeted goal. Production needs to be revived, food production especially.  In West Africa, inflation is mainly driven by food underproduction, the regional central bank (BCEAO) confirmed in a report...

Since digital transformation is advancing in Africa, Ghanaian financial service providers want to leverage it to boost financial inclusion in an environment where most of the population is still unbanked.   Last week, Ghana’s banking association GhIPSS launched GhanaPay, a mobile money service designed to accelerate financial inclusion in the country. According to the GhIPSS website,...