The Ivorian government plans to increase the share of investment in GDP to 27.1% by 2025. Although this approach is expected to bolster solid growth for the next few years, significant social challenges remain. Côte d'Ivoire aims for average economic growth of 7.65% over 2021-2025, up from 5.9% for 2016-2020. The figure was reported in the official statement of the Council of Ministers held on...

Six years after being declared bankrupt by the government, the incumbent operator and its mobile branch are back to business. They return to a market where MTN and Orange have had enough time to establish themselves. The incumbent telecom operator Guinea Telecom S.A. will soon make its return to the Guinea-Bissau telecom market. On September 21, the company received from the Communication...

Tunisian President Kaïs Saïed suspended the Parliament last July 25. With full control over the executive and legislative branches, he is now preparing a constitutional change that is not welcomed by the opposition.   In a September 22 statement, the Tunisian President Kaïs Saïed (pictured) unveiled the new measures he has set to run the country. “President Kaïs Saïed issued a...

African leaders on Wednesday lauded the African Legal Support Facility for helping governments avert billions of dollars in losses from business deals, and urged it to extend support to tackling illicit financial flows. At a high-level conference to review the Facility’s achievements over the last decade, speakers, including experts and business leaders, expressed confidence that the African...

As part of its Southern and East African expansion, Finclusion Group recently raised $20 million from Lendable, which supports fintech lenders in pre-frontier, frontier, and emerging markets. Financial technology company Finclusion Group has acquired for an undisclosed amount a minority stake in HelloHR, a South African payroll software startup. HelloHR provides a cloud-based payroll...

Artificial Intelligence is increasingly emerging as an attractive option for improving performance in various sectors. While tax revenues have been declining in recent years, this technology may help reverse the trend. Tax authorities around the world, including Africa, can use artificial intelligence (AI) to improve tax revenue collection, Dennis Lupambo, CEO of Mint Group, a South African...

The Board of Directors of the African Development Fund on Wednesday approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country. The Bank’s loan represents 98.71% of the project cost; the government of Tanzania will provide the remaining 1.29% in funding. The project will upgrade the...

West Africa has become in recent years a playground for terrorist activity. Several Islamist organizations are active in the region, and their influence is growing over the years. The region has received support from various partners but the challenges remain. General Stephen Townsend, who heads the US Africa Command (AFRICOM) announced the command is currently exploring ways to improve and...

The assets seized from the vice president of Equatorial Guinea, Teodoro Nguema Obiang Mangue (pictured), will be redirected to the fight against Covid-19 in the country. The decision was announced on September 20 by the U.S. Department of Justice. Of the $26 million, $19.25 million will be made available to the United Nations for the "purchase and distribution of vaccines against...

On August 14, the Algerian government announced the unilateral severance of its diplomatic relations with Morocco, citing incessant hostile acts by its neighbor. Tensions between the two countries has so far escalated.   Moroccan civilian and military aircraft, as well as aircraft registered in the country are now banned from entering the Algerian airspace. The decision was announced...