Africell, a fast-growing mobile network operator in Africa has closed a major commercial loan facility of $105 million for expansion in Africa. This financing is a syndicate from a leading group of international financial institutions constituting new and existing lenders to Africell. The facility was structured and anchored by Gemcorp Capital, with Gramercy Funds Management LLC, TC Credit...

Ghana is close to joining the group of countries that have issued their cryptocurrencies. The country is working on a digital version of its local currency, the Cedi. With this well-advanced project, the Central Bank Governor Ernest Addison said last week, Ghana becomes the first African country to join this trend already widespread in the Western world. “We are in the advanced stages of...

Liquid Intelligent Technologies, the provider of high-speed optical fiber connectivity, announced on Wednesday, June 2, it has deployed a total of 100,000 km of optical fiber across Africa. At the beginning of 2021, the telecom company said it had 89,989 km of fiber connecting 14 countries, mainly in sub-Saharan Africa. Nic Rudnick, Group Managing Director of Liquid Intelligent Technologies,...

Voices have been raised to demand a civilian government since Colonel Goïta took power in Mali following the coup that saw the resignation of former President Bah N’Daw. As a precautionary measure, the French government announced the halt of its military cooperation with the West African country. “Requirements and red lines have been set by ECOWAS and the African Union to clarify the...

Yesterday, an Air France flight from Chad was isolated at Roissy airport, in Paris, after a bomb threat. A careful check by the French security services finally confirmed that flight AF865 had no bomb on board. The information was tweeted by the French Minister of the Interior, Gérald Darmanin. "End of intervention, no explosive device was found aboard the plane Air France N'Djamena-Paris....

The African Development Bank Group and the Securities and Exchange Commission (SEC) of Ghana today launched a $400,000 project to strengthen the development of Ghanaian capital markets. This follows the signing of a grant agreement to develop a risk-based supervisory solution for the local capital market. The grant, from the African Development Bank’s Capital Markets Development Trust...

An Air France plane, flight AF865, from Chad was isolated at Roissy airport after a bomb threat. The information was revealed by the French Ministry of the Interior in a statement issued on Thursday, June 3. "At the request of the Prime Minister, the interministerial crisis unit was opened, following a suspicion of the presence on board of an explosive device on flight AF865 N'Djamena (Chad) -...

Jonathan Johannessen, the CEO of Flash International company, dedicated to offering technological services for the financial and educational sectors, was this Friday (28.05.21), received in an audience by the PCA of ZEE EP and AIPEX, António Henriques da Silva, and Executive Directors of ZEE EP.  At the ZEE, Jonathan visited the industrial units Kaheel Agriculture, agricultural machinery,...

Senegal’s national telecoms corporation Sonatel, the parent company of mobile operator Orange Bissau, launched last May 31, a program to upgrade its network and extend telecom coverage to more than 1,000 new villages in Guinea-Bissau. The telecom company mobilized CFA13.4 billion ($24.8 million) for this plan which aims to guarantee millions of people quality access to the 3G+ and 4G...

The Ivorian government is setting up measures to ensure that the return of former President Laurent Gbagbo is done in a peaceful environment. Speaking to the media after a meeting with members of the Gbagbo camp, Kouadio Konan Bertin (pictured), Minister of National Reconciliation, said the government takes notice of the choice of June 17 as the date for Laurent Gbagbo's return. “We are...