Moroccan Attijariwafa Bank announced an increase in net profit in 2021. The fourth African bank by market capitalization says it ended 2021 with a consolidated net income of MAD6.2 billion ($653.4 million) and a net income group share of MAD 5.1 billion. The figures are up by 66.2% and 70.5% respectively, compared to 2020. The group attributes this increase to a good operating performance and...

The Kenyan telecom regulator will roll out 5G this year. The announcement was made by Matano Ndaro (pictured, right), the director of licensing, compliance, and standards at the Communications Authority of Kenya (CA), last Feb. 21. According to him, the regulator has developed a roadmap that outlines strategies to facilitate the project. CA will start authorizing the first 5G pilot projects this...

Online initiative led by social enterprise app Goodwall, with the high patronage of the First Lady, Mrs. Chantal Biya, UNESCO’s Goodwill Ambassador will help Cameroonian youth tackle important topics within the fields of, women’s empowerment, career and education, the environment and entrepreneurship. Goodwall, a next generation community linking youth to opportunities, has launched Better...

Eight months after its last round of funding, MarketForce has secured another round to support its expansion across the continent.  This new operation brings to $42.5 million the total amount raised by the company since its launch four years ago.   MarketForce, the Kenyan retail platform that connects FMCG (Fast-moving consumer goods) suppliers with informal sector merchants,...

Over the past two months, the Synergy of Telecommunications Unions of Mali has taken a series of initiatives to overturn a court decision that it considers "unfair" against the country's two main mobile operators. Employees of the two main Malian mobile operators Orange Mali and Moov Africa Malitel have been on strike since February 21 to protest against the Supreme Court's decision ordering...

The government of Ghana announced today the opening of a dedicated green bond exchange. “The Green Exchange, to be based in Ghana’s capital Accra, aims to enable companies to issue billions in green bonds and for investors to trade the debt in a secondary market,” said Orla Enright (pictured, right), the exchange’s CEO, according to information relayed by Bloomberg. The facility adds to...

Since settling their dispute in 2020, Morocco and Israel have signed several agreements in the areas of aviation, culture, and security to strengthen their cooperation. Now, the two countries want to quadruple their annual trade, within the next few years. Morocco and Israel have just signed a new agreement to further strengthen their trade relations. The announcement was made by Orna Barbivai,...

The legal battle that has pitted Kenya’s telecom regulator against Airtel for the past seven years is being resolved. Both parties have reached an amicable settlement. Airtel Kenya has agreed to pay the $17.6 million demanded by the Communications Authority of Kenya (CA) to renew the company’s telecom license. When its license expired nearly seven years ago, the subsidiary of the Indian...

Covid-19 has reversed the progress made in recent years by the government of Sierra Leone to reduce poverty in the country. To meet its upcoming challenges, the government wants to mobilize more funding from its foreign partners. Sierra Leone will receive more than $278.4 million in funding from the European Union (EU) to finance its development. The information was made public via a press...

Billionaires.africa has, in a recent report, made a list of the wealthiest people on the Ghana stock exchange in 2022. The ranking, published Last February 20, is based on the total value of assets held by individuals on the market. The document ranks Businessman Daniel Ofori the richest investor on the Ghana Stock Exchange, with an investment portfolio worth $28.7 million and assets spread...