Mobile Number Portability has become a reality in Algeria. The executive decree defining the conditions and steps necessary for the implementation of the service presented to the government on Wednesday, April 14 at a meeting chaired by the Prime Minister, has been approved. The announcement was made by the Minister of Post, Telecommunications, Technology, and Digital, Brahim Boumzar, on April...

After the bad year 2020 marked by the covid-19 pandemic, 2021 seems to bring fresh air to the Nairobi Securities Exchange. Analysts on the Cytonn Investment, a local investment firm, said the banking sector’s performances are expected to improve in the mid and long terms. The sector’s revenues, which grew by 16.1% in 2020, are expected to grow further this year, driven by the financing needs...

Mauritian investment firm TRT Investments has acquired a 49% stake in KAS Africa, a South African consumer goods distribution company. The investor, which manages more than $200 million in assets, has joined the company's shareholding for $10 million. KAS Africa manufactures personal care, oral care, and baby care products. The money will be used to back the South African company’s...

Morocco is seeking foreign expertise and investment to broaden its social protection system to the entire population by 2025. The announcement was made last April 14 in Fes by King Mohammed VI himself during the launch of this project seen as a game-changer for the health sector. The new strategy will see the 22 million Moroccans being health insured (medicines and hospitalization expenses) in...

Bolloré Ports, an operator of port concessions, is implementing biodiversity conservation programmes. It is leading initiatives aimed at ensuring the sustainability of the areas in which it conducts its business. On 6 March 2021, Congo Terminal, the operator of the Port de Pointe-Noire container terminal, launched a series of awareness-raising days for families on biodiversity conservation. In...

Malawian President Lazarus Chakwera reported yesterday April 18 that the Labor Minister and 14 other public servants found themselves guilty of misusing the financial resources earmarked to fight the Covid-19 pandemic in the country. The Minister got fired and his accomplices got arrested. Chakwera said the audit that was carried out on the use of about $8 million intended to fight the...

A consortium led by Axian signed an agreement with Millicom regarding the sale of its shares in Tigo Tanzania and Zantel in Zanzibar. Completion of the transaction is subject to customary closing conditions and regulatory approvals. The Axian-led alliance brings together distinguished experts in mobile communications, who have created and developed industry-leading brands in the Indian Ocean,...

As countries rebuild their economies following COVID-19, Africa needs to step up productive and infrastructural integration, participants heard at a regional presentation of the African Regional Integration Index (ARII) held virtually last week. The index, a joint publication of the Economic Commission for Africa, the African Development Bank and the African Union Commission, provides...

South Africa’s largest development finance institution (DFI), Industrial Development Corporation (IDC) has sold its remaining stake in GSI Lucchini SpA to JSW Steel Italy S.r.l. the closing of the deal earned Industrial Development Corporation €1 million for a 30.73% stake. JSW Steel Italy had signed a Share Purchase Agreement (SPA) with Industrial Development Corporation, South Africa...

In order to improve and continue with the East African Community’s (EAC) single customs territory, GUUD, a technology platform has been selected to design a system for digital trade documentation flows. East African Countries made of Burundi, Kenya, Rwanda, Tanzania and Uganda, launched this Single Customs Territory in 2013. “As the official technology partner for the project, GUUD will now...