The satellite internet network provided by the constellation of satellites deployed in space starting in 2019, by the American company SpaceX, will be available in South Africa in 2022. A message is delivered, to this effect, to consumers who want to take part in the public beta version of the network initiated in October 2020. South Africans can already pre-order Starlink's Internet service...

Janus Capital, the investment arm of the Janus Continental Group, is investing $13 million in the renewable energy storage company, Highview Enterprise Limited, in return for a significant undisclosed stake in its capital. This transaction was carried out in collaboration with the Japanese industrial group Sumitomo Heavy Industries and the firm TSK. “The investment will tackle the...

Nigeria will need to create 5 million new jobs yearly over the next ten years to prevent an increase in the unemployment rate, IMF experts said in a recent report. According to the document, this figure includes the growing number of young people entering the labor market each year. With more than 201 million people registered in 2019, Nigeria is the 7th most populous country in the world and...

The Mozambique Liquefied Natural Gas (LNG) Area 1 Project and the African Development Bank have jointly received the prestigious Global Multilateral Deal of the Year 2020 award by the print and online publication Project Finance International (PFI). The project, the single largest foreign direct investment in Africa to date with a value of over $24 billion, will exploit Mozambique’s...

Telecel Group announced today that through its subsidiary Africa Startup Initiative Program “ASIP”, it has partnered with Startupbootcamp AfriTech to launch the Africa Startup Initiative Program Accelerator (ASIP Accelerator). The goal for ASIP is to discover Africa’s most talented entrepreneurs operating in the fields related to telecom and technology, and help them create successful...

Mauritius Commercial Bank (MCB) announced it has agreed to sell all the 80% shares it held in payments processor ICPS for an undisclosed amount. The buyer is Morocco's payment solution provider HPS, which already owned 20% stake in the company.   This acquisition is part of HPS's strategy for growth and development abroad. The company is committed to providing payment solutions and services...

Orange Business Services, an Orange Group branch specializing in providing telecommunications and IT services for businesses, announced on February 9 that it has been appointed by Administrative Capital for Urban Development (ACUD) - owner and developer of the new administrative capital, to design and build the data center for the new Egyptian administrative capital. The infrastructure is...

Last year in Tunisia, the largest declines in revenues was recorded in the consumer services sector (-29.2% yoy) and the telecom sector (-21.9% yoy). The figures were reported in a note published this month by the Tunis Stock Exchange. Most of the companies operating in these sectors and listed on the stock exchange achieved lower revenues at the end of 2020. Of the 3 listed companies in the...

MTN Group sold its 20% minority stake in Belgacom International Carrier Services (BICS), a company specialized in the provision of mobile data and voice services. The South African telecom operator sold the shares for R1.8 billion ($121 million) to Proximus Group, Belgium’s largest telecom company. “I am excited to conclude this agreement, allowing us to retain a growth engine within the...

The Sakneen real estate platform, established in 2019 in Egypt, raised $1.1 million from a consortium of foreign and local investors. The transaction was led by the Egyptian venture capital firm, Algebra Ventures. According to Sakneen's co-founder, Hussein El Kheshen (pictured right), the team "is actively working on several new features that will be launched in the coming weeks, in...