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...

The World Bank estimates that more than 60% of the Ethiopian population is still without electricity. This is more than 110 million people living in the dark. To reduce this electricity gap, the Ethiopian government initiated the construction of the Grand Ethiopian Renaissance Dam (GERD) in 2011. Today, the project is complete and the commissioning took place yesterday, February...

As part of his ambition to strengthen the relations his country has with Africa, Turkish President Recep Tayyip Erdogan initiated a visit to Africa. President Erdogan, who is one of the most regular foreign heads of state in Africa, landed on the continent yesterday February 20 for a three-day tour starting in DR Congo. This new visit comes less than three months after the Turkey-Africa summit...

The covid-19 pandemic has forced the acceleration of digital transformation efforts in Africa. With the change in customer habits, several telecom companies have been forced to rethink their business model. African MTN Group is rebranding as part of its strategy to position itself as a technology company rather than a telecom company. The official change of its visual identity as well as the...

Although considered too risky by banks and poorly financed by private equity, companies active in the fashion, film, and photography sectors have great potential. Proparco proposes to provide them with measured financing. Proparco, the private sector financing arm of the French Development Agency (AFD), announced last February 15 its first financing initiative for the creative and cultural...

Bolloré Transport & Logistics has been named the Top Customs Clearing Agent for the year 2021 by the Uganda Revenue Authority (URA) during an event hosted by URA at Speke Resort in Munyonyo. This Award recognises Bolloré Transport & Logistics as a top revenue mobilizer through the submission of 20,893 customs declarations made on behalf of its clients in 2021 that allowed to realize...

Coalition exceeds its $4 billion target by 40% in an effort to help MSMEs face the Covid-19 pandemic. The coalition for a sustainable and inclusive recovery of the private sector, an international group of 20 development finance institutions that came together in 2020, today announced commitments of over $5.55 billion of financing to micro, small and medium enterprises (MSMEs) in...

The African Development Bank Group and Africa50, in partnership with the African Union Commission and the African Union Development Agency (AUDA-NEPAD), are exploring collaboration with global partners to create an Alliance for Green Infrastructure in Africa. African Development Bank Group President Dr. Akinwumi A. Adesina made the announcement on Thursday while speaking at a thematic roundtable...

With Madagascar offering one of the purest environments as well as extraordinary flora, it is not a surprise that essential oils produced on the Red Island are highly appreciated by high-end brands and consumers all over the world. The island is home to 12 000 plant species (or 3% of those on the entire planet) and many of them exist only in Madagascar. Over centuries, Malagasy people...