The World Bank announced on Thursday, May 27, that it has granted Tanzania $150 million as part of the Digital Tanzania Project (DTP), one of three national projects for which the international financial institution has released a total of $850 million. The money received for the DTP will be used to increase access to quality broadband Internet services for government, businesses, and...

The Agri-Business Capital Fund (ABC Fund), which invests in small-scale farmers and rural businesses in developing countries, annouced an investment of €1 million in three agribusinesses in West Africa. The first facility of €450,000 will be allocated to Kaworo, a Burkinabe cereal and seed producer. Kaworo will use the money to purchase cereals for the 2021-2022 agricultural...

Chad accused the Central African Republic army of having committed a "war crime" against its soldiers. Chérif Mahamat Zene, the Chadian Foreign Minister, made the announcement in a statement issued today May 31. N'djamena says Bangui carried out an attack against its troops deployed on the Chadian territory not far from the border between the two countries. "The Government of the Republic of...

Chipper Cash, a fintech platform that offers cross-border money transfer services, has raised $100 million in Series C funding to introduce more products and grow its team. With three years in existence, the company has a presence in Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, Kenya, and the United Kingdom. The Series C round was led by SVP Capital with participation from...

To strengthen diagnostic capacity and the health response to COVID-19 in Africa, including in some of the continent’s poorest and most fragile countries, IFC, Proparco, and Cerba Lancet Africa today announced a partnership to increase patient access to a range of laboratory tests. Expanding access to diagnostics and laboratory testing is a critical part of tackling COVID-19, which has exposed...

The e-TradeHubs portal, which will be a one-stop-shop for trade tools and information in Africa, has been launched by the International Chamber of Commerce, Trade Law Centre (TRALAC), UPS International Public Affairs & Sustainability, and West Blue Consulting. This is in line with Women Traders in the Africa Continental Free Trade Area (AfCFTA) “Women Traders in the AfCFTA”- an initiative to...

During his three-day working visit to Ghana last week, Ralph Mupita, MTN Group's chief executive officer, unveiled to Mahamudu Bawumia, the vice president of the Republic of Ghana, the main projects the company wants to achieve in the country by 2022. The South African telecom group has reiterated its commitment to support the national digital transformation led by the government. Beyond the...

The first genocide of the 20th century, the official recognition of the massacre of the Hereros and Namas in Namibia had been the subject of negotiations between Berlin and Windhoek for five years. To help the communities affected by this tragedy, Germany promises financial aid over 30 years. The German state acknowledges having committed genocide in Namibia. This was announced by German Foreign...

Burkina Faso is pursuing its digital inclusion with new projects. Under this plan, the Burkinabe company Horizon Industries SA has partnered with Chinese HAIER to produce low-cost devices locally. Last May 25, the country kicked off the construction of its first computer and mobile phone assembly plant. Works were officially launched by the Minister of Industry, Trade and Handicrafts, Harouna...

The Democratic Republic of Congo could benefit from a series of disbursements form the World Bank. This was revealed by Jean-Christophe Carret (pictured), World Bank Country Manager, during a recent interview with Bloomberg. According to him, the institution is ready to grant DR Congo up to $3 billion to handle the repercussions of Covid-19 on its economy. The country suffered a decline to...