The tax is introduced to guarantee healthcare for the whole population, even the most vulnerable.  In Nigeria, President Muhammadu Buhari (photo) signed, last week, the National Health Insurance Authority Bill 2021. The said project provides for a 1 kobo levy for every call second to fund healthcare for the most vulnerable.   According to Taiwo Oyedele, Africa Tax Leader at PwC,...

The BOAD is currently planning an innovative operation to raise funds for its development projects. The ratings issued by the two agencies are crucial for the operation. Rating agencies Fitch and Moody's recently issued slightly different opinions on the West African Development Bank (BOAD), which is currently planning a US$500 million hybrid securities operation on the international...

For several weeks now, Europe and the U.S. are rigged by a wave of panic caused by confirmed cases of monkeypox. Africa CDC can help contain the spread,  Ahmed Ogwell Ouma explains.   Africa recorded several monkeypox outbreaks during the Covid-19 crisis, Ahmed Ogwell Ouma (photo), acting director of the Africa Centres for Disease Control and Prevention (Africa CDC), announced on...

The market targeted by the subsidiary has growth potential. However, it is complex and competition is tough.  MTN Nigeria announced Thursday (May 19), the commercial launch of MoMo PSB Limited, its fintech subsidiary. The commercial launch follows the successful completion of a test phase that began on May 16, 2022, in commemoration of the launch of MTN’s GSM operations in 2001 and its...

In recent years, the number of cybercrimes committed via mobile phones has exploded in Africa. Several countries have issued sim card registration laws to curb the phenomenon. Lesotho is the latest of those countries.  In Lesotho, telecom operators will launch sim card registration next June 24. The operation, which will take place over twelve months, was enacted in the country’s...

Initiative to benefit 20 million African farmers, who will receive certified seed and technology to rapidly produce 38 million tons of food. The African Development Bank Group's Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. With the disruption of food supplies arising from the Russia-Ukraine war, Africa now faces a...

Africinvest, which entered Outsourcia’s shareholding in 2016 will cede its stakes to SPE Capital, making the new investor the majority shareholder.  Private equity firm SPE Capital recently acquired a majority stake in Moroccan customer care outsourcing giant  Outsourcia. The US$33 million deal was announced today, May 19.  The transaction was executed through SPE Capital’s...

On the occasion of the Africities 2022 Summit, taking place from May 17 to 21, in Kisumu (Kenya), the African Development Bank and Cities Alliance released on Wednesday in Nairobi (Kenya), a major report entitled "Dynamics of Secondary Cities in Africa: Urbanization, Migration and Development" which provides a comprehensive overview, enriched with case studies, on intermediary cities of the...

Djibouti wants to improve its population’s access to broadband internet. In that regard, it is investing heavily in broadband infrastructures.  Subsea telecommunication cable 2Africa landed in Djibouti last Friday. The information was revealed by incumbent operator Djibouti Telecom in a release published Tuesday (May 17). The subsea cable funded by Meta and a consortium of companies, is...

In Africa, the pressure exerted by human activity on wildlife threatens the survival of several species. Estimates have it that the number of African elephants dropped from 10 million to 350,000 over the past 100 years.  The project funded is one of the many others initiated to reverse that trend.  Zambia’s North Luangwa National Park, Zimbabwe’s Gonarezhou National Park, and...