Despite the economic challenges posed by covid-19 and international inflationary pressures exacerbated by the Russia-Ukraine conflict, Egypt’s economy is proving resilient. The results are essentially due to reforms undertaken by authorities in the past few years.    In the first semester of the FY2021-2022 which started on July 1, 2021, Egypt grew by 9% against 1.3% during the...

The African Development Bank hosted virtual consultations with African government ministers, representatives of the African Union, government officials, and academics to gather views on the implementation of the Bank’s Skills for Employability and Productivity in Africa Action Plan for 2022-2025. The first session on 12 April focused on countries in East and Southern Africa. The second, on...

Kribi Conteneurs Terminal, operator of the container terminal of the Autonomous Port of Kribi, has been granted the Green Terminal label following the audit conducted between 17 and 18 March 2022 by Bureau Veritas. This label rewards the efforts made by the company to reduce the impact of its activities on the environment by implementing eco-responsible measures. The audit was conducted by...

Cameroon’s incumbent operator is struggling to position itself in the local market. In 2020, it obtained mobile licenses to offer 2G/3G and 4G services. To compensate for its current absence in some areas, it wants to rely on MTN’s infrastructure.  Mobile operator MTN Cameroon announced, Thursday (April 14), a national roaming agreement with incumbent operator CAMTEL. The strategic...

The fixed parity between the CFA franc and the euro is often presented as a guarantee of stability. But in an international currency market dominated by the U.S. dollar, the safety net is sometimes fragile.  In recent months, the Euro lost 14.2% against the US dollar, according to forex data. As the CFA Franc, used by CEMAC and WAEMU countries, is pegged to the Euro, it was dragged in the...

Niger, like most Sahel countries, is facing an economic and security crisis. In 2020, the country’s economic challenges were worsened by climate shocks. To support government reconstruction efforts, several partners are contributing financial and technical support.  The World Bank granted, Friday (April 15), US$250 million to improve municipal management in Niger, according to a release...

The coronavirus pandemic accelerated digital transformation in Africa but it has also boosted demand for high-speed internet. To meet the rising demand, operators are stepping up infrastructure investments. Telecommunications companies Camtel, SudaChad Telecom, and Sudatel plan to build a fiber optic cable that will interconnect their respective countries: Cameroon, Chad, and Sudan. The project,...

For Standard Chartered Bank the exit will allow the group to focus on the most profitable markets. The exit calendar and the potential buyers are yet to be revealed. British banking group Standard Chartered Bank announced Thursday (April 14), its plan to sell some of its activities. According to the release published on its website, the activities to be sold include five subsidiaries as well as...

Faced with tough security challenges, Nigeria is trying to build its military capabilities with the acquisition of state-of-the-art equipment. With each of the arms deals, partners demand human rights guarantees.   The U.S. State Department recently approved the sales of US$997 million in military equipment to Nigeria. The information was confirmed, Thursday (April 14), in a release...

In the past few years, Airtel made significant investments in Tanzania to outrun the leader of the telecom market, Vodacom. Its new bet in that endeavor is the 4G.  Mobile phone operator Airtel Tanzania is moving to expand the coverage of its upgraded 4G network and improve service quality for users. In that regard, it recently announced the 80% completion of its project to upgrade 4G sites...