Trading reports from the Nigerian National Bureau of Statistics show that the country spent N258.3 billion (about $625 million) during the first quarter of this year to import wheat to meet up with the country’s food security. Wheat, which falls among the most imported goods for the period, accounted for 3.77 percent of total imports (mainly imported from Lithuania and Latvia). According...

The Port Authority of Dakar ended 2020 on a positive note, achieving a net benefit of €16 million over the period. "The financial statements closed on December 31, 2020 and reviewed by the auditors show a net profit of more than CFA10.56 billion (€16 million) after payment of more than CFA3 billion in corporate taxes," CEO Ababacar Sédikh Bèye (pictured) said yesterday during the...

The African Union will benefit from $1.3 billion provided by the Mastercard Foundation to finance the acquisition of Covid-19 vaccines. The information was reported in a joint statement issued last June 8 with the Africa Center for Disease Control and Prevention (Africa CDC). The resources will be deployed over three months under the “saving lives and livelihoods” initiative carried out...

Mali appointed yesterday a new PM of the Transition in the person of Choguel Kokalla Maïga (pictured), a few hours after Colonel Assimi Goïta was sworn in as Head of State. Choguel Kokalla Maïga is one of the leaders of the June 5 Movement - Rally of Patriotic Forces (M5-RFP)- and had been tipped for the position for several days. A true veteran of Malian national politics, this former close...

Africa has lagged in the development and commissioning of data centers to meet the needs of both the business sector and general population whose reliance on edge computing is expected to increase exponentially compared to generations before. With the youngest population in the world, Africa will need to accelerate the deployment of data centers to meet the computing demand near the population...

South African-founded startup WhereIsMyTransport, has raised $201 million (about $14.5 million) in a Series A round. The company actively present in South Africa and Mexico aims to continue its expansion across emerging markets with this new round of funding. Naspers, through its investment arm, Naspers Foundry, led the founding round with participation from Cathay AfricInvest...

Malian President Assimi Goïta is going to allocate most of the President's sovereignty funds to the social sector. He made the announcement on June 7 during his swearing-in ceremony in Bamako. It was at 11:30 am local time that the head of state took the oath before the Malian Constitutional Court and an assembly of representatives of political parties and international organizations gathered...

Morocco will open its borders to international flights as from next June 15. The information was reported in a June 6 statement by the Foreign Ministry. The flight resumption will follow an approach that "combines a gradual opening [...] and preservation of the achievements made by the country to contain the spread of the coronavirus," the statement said.   Under this strategy, the...

Group Vivendi Africa (GVA) officially launched its broadband connectivity operations in Burkina Faso last June 3. The technology proposed by the company for its CanalBox offers - FTTH (Fiber to the Home)- brings optical fiber directly to the customer, whether an individual or a business. "What we give is the speed, we do not talk about mega," the company said. According to the Burkinabe Minister...

Private equity fund SPE AIF I, which focuses on controlling acquisitions in North Africa, has exited Moroccan FMCG retailer H&S Invest Holding (Dislog Group), two years after its investment in the firm. Launched in 2019, SPE AIF I raised $258 million in January 2021 for its final closing and had set out to invest in companies with high growth potential across Africa, especially in the...