The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa “This support from the African Development Bank will enable the operationalization of the new SIE as a Super ESCO, thus...

The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank Group – on Tuesday signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15th replenishment of the African Development Fund (ADF-15). During a virtual ceremony, African Development Bank Group President Dr. Akinwumi A....

Chad will send 1,200 more soldiers to combat Jihadism in the Sahel region. The news was reported on February 15th by President Idriss Deby (pictured, left) during the G5 Sahel summit held in N’Djamena. This deployment was announced at the Pau summit a year ago. However, the covid-19 pandemic and the need to secure the Lake Chad area prompted N'Djamena to postpone this operation. In March...

Mobile operator, Expresso Senegal has only 24 days left to relaunch fixed-line telephone services in Senegal and avoid sanctions from the Post and Telecommunications Regulatory Authority (ARTP). Through a formal notice sent on Thursday, February 11th, the telecom regulator has questioned the subsidiary of the Sudanese telecom group Sudatel, holder of a global license, on the violation of the...

The Communications Authority of Kenya (CA) will invest KSh1.57 billion (US$14.4 million) to expand access to telecom services in 101 new localities in 17 marginalized counties. As part of the strategy included in Phase 2 of the Universal Service Fund (USF), contracts have been awarded to Safaricom PLC, Airtel Networks Kenya Ltd, American Towers Company (ATC), Seal Towers Limited and Alan Dick &...

For Rwandan president Paul Kagame, the UN, the USA, and other African countries are not sufficiently engaged in finding a solution to the Tigray conflict. This negligence could worsen the crisis in the coming years, he believes. On February 3rd, during the chat show Battlegrounds (a periodic chat organized and hosted by the Hoover Institution for "international perspectives on crucial...

Bolloré Transport & Logistics has been recertified as a Regional Authorized Economic Operator (AEO) in East Africa. The certification, which covers Kenya, Uganda, Rwanda, Burundi and Tanzania, recognizes Bolloré Transport & Logistics as a secure and reliable trade partner and offers the benefit of expedited clearance procedures through pre-arrival clearance, reduced physical inspection and...

Kenya has reached a staff-level agreement with the International Monetary Fund (IMF) for a new reform program with a financial package. In a statement published yesterday, the institution said the program is set to last three years and Kenya will receive financial support of $ 2.4 billion as part of the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) agreements. “I am...

Share acquisitions by executives and managers of United Bank for Africa (UBA) provided a good signal for the Lagos-based pan-African banking group. In early 2021, Ayoku Liadi, the group's deputy chief executive officer, acquired 3.3 million shares at 8.5 naira per share. This followed an acquisition of 4.8 million shares by Tony Elumelu, president of UBA, and Isaac Olukayodi Fasola, one of the...

The African Development Bank Group, on 16 February 2021, announces the 36-month debarment of Global Interjapan (Kenya) Limited with effect from 24 August 2020. Global Interjapan (Kenya) Limited is a civil engineering company registered in Kenya.   An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Global Interjapan (Kenya) Limited engaged in...