Angola's heavy dependence on oil has weakened the economy in recent years. To boost growth, the government has embarked on an IMF-supported economic program. For the Bretton Woods institution, the program is on track despite persisting risks.  In Angola, GDP growth will continue this year, and inflation will decline, according to a release published by the IMF last Thursday. According to...

The funding committed by the British International Investment (BII) is the latter's first commitment that will directly benefit the Sudanese population. UK development finance institution British International Investment (BII) announced, Wednesday, it committed $50 million to support food availability in Sudan. The funds will support the acquisition of 280,000 tons of wheat, through the...

For years now, the Angolan telecom market has been dominated by Unitel, which mostly profited from the uncompetitiveness of Movicel which has been losing ground since 2019.  However, the introduction of new the entrant Africell (April 2022) in the market is changing the structure. Africell is steadily growing in the Angolan telecom market at the expense of its two competitors, Unitel and...

The number of illegal migrants is rising in Tunisia, especially in flourishing, tourist, industrial, and farming areas. To reduce that number, the government plans to introduce numerous measures and actions. The Tunisian government is moving to make life hard for illegal African migrants living on its soil. In a statement published after the national security council meeting last Wednesday,...

This success confirms the company's strategy of internationalization, which enables it to participate in developing the 6th largest high-speed rail network in the world. NGE, with its rail expertise subsidiary TSO, has signed a contract to build 330km of high-speed line in Egypt. This new contract reinforces the French Group's position as a key player in the construction of international...

Heads of African Union member states have called for more commitment and accountability in Africa’s effort to achieve continental and global goals for nutrition ahead of the 2025 World Health Assembly Nutrition target deadline. The leaders took part in a nutrition-themed side event during the 36th Ordinary Session of the Assembly of the African Union, co-organized by the Kingdom of Lesotho,...

Since 2014, East African Community member countries have been implementing measures to harmonize roaming rates. Four countries have implemented the measures. They are namely Kenya, Rwanda, Uganda, and South Sudan. The East African Community (EAC) Sectoral Council on Transport, Communications, and Meteorology has ordered Tanzania and Burundi to harmonize their roaming rates with community...

The financing is provided by Canadian development finance institution Findev, which participated in the Export Trading Group's syndicated financing about two years ago. Export Trading Group (ETG), one of Africa's leading agricultural conglomerates, recently secured a $55 million term loan from Canadian development finance institution Findev Canada. The 5-year fully amortized loan was...

The 2022/2023 fiscal year begins with stronger growth but some pressures, inflation and currency depreciation notably, threaten that growth.  Uganda's economy grew by 7.5% in the first quarter of the current fiscal year (2022/2023), according to the monthly economic performance report published by the Ministry of Finance last Tuesday. The growth is up by 4.8 points compared with the rate...

Africa Specialty Risks (“ASR”), the pan-African focused reinsurance group, has been approved as a coverholder at Lloyd’s, the world’s leading specialist insurance and reinsurance market. As a Lloyd’s Coverholder, ASR is able to work with Lloyd’s syndicates and manage delegated authorities for specialist lines of business commencing with Political Violence and Terorrism and leverage...