The Gambia Public Utilities Regulatory Authority (PURA) recently completed the inspection of telecom mast and towers deployed in the country. The operation, which started in March, aims to check compliance with regulatory standards.  The regulator also assessed the quality of the services offered by each of the operators using those towers and mast. The criteria used were GSM signal quality,...

In 2018, the country announced it would not extend the 3-year program signed in 2015 by former president John Mahama. Two years later, it turned to the IMF for a US$1 billion assistance amid the coronavirus pandemic. Despite the economic challenges Ghana is still facing, authorities are committed to their “Beyond Aid” agenda.  Ghana will manage its debt without going to the...

The additional capacity is one of Liquid’s strategic moves to position itself as the main internet service provider in Africa. In March 2022, it had already acquired a fiber pair on Google’s Equiano.  Pan-African internet services provider Liquid Intelligent Technologies announced Wednesday (May 11), a partnership agreement with PEACE Cable Company. Under that agreement, Liquid will...

The new facility is announced four months after AFC secured a US$400 million syndicated loan to support post-pandemic recovery in Africa. It will provide much-needed liquidity to help financial institutions finance trade and economic activities.  Africa Finance Corporation (AFC) announced, today, the launch of a US$2 billion facility to support resilience and recovery in Africa. According...

Tanzania and Uganda are already collaborating in many fields but they want to further improve their bilateral relationship. The opportunity was presented by a two-day visit carried out by Samia Suluhu Hassan, President of Tanzania, to Uganda last May 10-11.   Uganda and Tanzania recently signed two memoranda of understanding in the fields of energy development and defense and security...

In Africa, rural zones are poorly covered by telecom infrastructures despite their crucial role in successful digital transformations. VANU and Loofca Ltd want to provide operators with the infrastructures required to offer their services to residents of those zones.  Vanu Wireless Nigeria Limited -a subsidiary of U.S. firm Vanu Inc.- and Loofca International Limited signed a partnership...

Kuramo Capital is committing funds to  Uhuru Growth I, one year after its first commitment. This time, the fund wants to finance high-growth SMEs in West Africa. Investment management firm Kuramo Capital announced, Saturday (May 7), a US$10 million commitment to Uhuru Growth Fund I (“UGF”), a private equity targeting high-growth companies in West Africa.   The investment will...

In July 2021, the IMF approved a US$1.5 billion financing for DRC in the framework of an extended credit facility. Following the second review of the program, the institution forecasts more sustained economic growth in the country. DRC’s 2022 economic growth could be more sustained than expected, according to the International Monetary Fund (IMF). In a release dated May 9, the Bretton Woods...

Ethiopian authorities recently opened the national telecom market to competition. At the same time, incumbent operator Ethio Telecom is taking action to improve its market positioning.  In Ethiopia, incumbent telecom operator Ethio Telecom launched a fifth-generation (5G) cell phone service in Addis Ababa, on Monday, May 9. To launch the service, the operator relied on the technical...

The acquisition is the first investment made by Amethis and the EBRD in Egypt’s non-banking financial sector. As for SPE Capital, it is its second commitment to the North African country.   Investment fund managers Amethis and SPE capital as well as the European Bank for Reconstruction and Development (EBRD) recently acquired a majority stake in Egyptian non-banking financial...