After the 2021 coup that toppled the transitional government led by Abdalla Hamdok, Sudan’s western partners cut their aid. To cope with the situation, which is weakening its economy, the country now relies on its Gulf partners.  Sudan will soon have a new port. In an interview with media outlet Reuters, Osama Daoud Abdellatif (photo), director of the DAL Group (one of Sudan’s largest...

African countries’ requests for information for tax collection purposes rose 26% over the previous year, signaling continued progress toward tax transparency in spite of a challenging environment,  according to a report by The Africa Initiative, launched on Tuesday in Nairobi. The Tax Transparency in Africa 2022 report, which covers 38 countries, documents Africa’s progress in tackling...

With over 200 million telecom subscribers, Nigeria is one of Africa's largest telecom markets. As the sector continues to grow, the government wants to capitalize on the growth to get more revenues.  The Nigerian Communications Commission (NCC) signed, Friday (June 17), a public-private partnership (PPP) agreement with  3R Company Nigeria Limited to deploy revenue assurance solutions...

Zambia has reached an agreement in principle with the IMF for a US$1.4 billion extended credit facility. The disbursement of the funds is subjected to an agreement with the country’s creditors to reduce its debt to sustainable levels.  Last Friday (June 17), China urged the International Monetary Fund (IMF) to approve and disburse a US$1.4 billion bailout package for Zambia. “The...

The African Development Bank has appointed Mr. Simon Mizrahi as Acting Vice President, Technology and Corporate Services Complex, effective 20 June 2022. Mizrahi, a British national, is currently the Director for Delivery, Performance Management and Results at the African Development Bank Group and Acting Director for the Operations Committee Secretariat and Quality Assurance. In these...

The African Development Bank is pleased to announce the appointment of Mr. Jacques Edjangue as Acting Vice President, People and Talent Management Complex, effective 20th June 2022. Edjangue, a Cameroonian national, is currently Acting Director of the Human Resources Management Department, and also Director of the Language Services Department. A thought leader, Jacques has broad and diverse...

South Africa is one of the largest data center markets in Africa. The country already hosts some fifty local and international operators but is also attracting new investments.  Africa Data Centres (ADC) announced, Wednesday (June 15), its second 20-megawatt data center in Cape Town. When completed, the data center will help meet the high demand for digital services in South...

The financing is in line with Proparco’s strategy to encourage the development of SMEs in emerging markets.  Proparco and the European Union recently approved a €5 million credit line for AccèsBanque Madagascar (ABM), the Malagasy subsidiary of the German investment company AccessHolding. The credit line will be granted in ariary, Madagascar’s local currency, and guaranteed by...

A few years ago, Ghana launched the development of some key infrastructures in the framework of its industrialization program. With the support of its international partners, it just created its national development bank, which will help restructure key sectors.  Ghana recently launched its national development bank. According to an official release, the development bank was inaugurated...

Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the African Development Bank and the Caribbean Development Bank—came together to advance their collaboration with one another. On Tuesday, African Development Bank Group President Dr. Akinwumi Adesina delivered the prestigious 22nd William G. Demas Memorial...