Sirius Telecom Afrique, a telecom engineering, IT, and digital services company, signed on August 31 a hosting contract as a Mobile Virtual Network Operator MVNO with the National Telecom Company (Sonatel) of Senegal. This means Sirius Telecom Afrique can launch its voice and broadband Internet services in Senegal via its brand Promobile, relying on the 4G+ mobile network of the incumbent...

Sun International, a hotel group majority-owned by South African investment companies, said it will cut 2,300 jobs in South Africa -one of its major markets- to cope with financial pressure. According to the company, this decision will help save R280 million ($16.5 million) in salary expenses. The group was mulling over this idea well before the pandemic broke out, and the current Covid-19...

The South African government launched today a new mechanism to improve the country’s export environment. The good news was reported by Lerato Mataboge (pictured), the Deputy Director-General of export development of the Trade Department. The newly launched Export Barriers Monitoring Mechanism (EBMM) is designed to help local businesses overcome the barriers to exports more effectively and...

The President of the Republic of Malawi, Lazarus Chakwera (pictured), spoke on August 25, 2020, in favor of the award of the country's third telecom license. The head of state - who was participating in a video conference interview organized by Invest Africa, the London-based business and investment platform - said a new mobile operator would foster competition in the country's telecom industry,...

The government of DR Congo announced a plan to crack down on illegal and clandestine private ports operating in the country. “All illegal ports will be immediately closed and the operators handed over to justice for exemplary and appropriate sanctions,” the Minister of Communication and Government Spokesman David Jolino Diwampovesa, said at the end of the Council of Ministers held on Friday,...

Zamani Com S.A.S., which acquired a 100% stake in Orange Niger last November, announced an investment of CFA31 billion for a vast operation to modernize the mobile operator's telecom network. With these funds, raised from the local branch of Coris Bank International (CBI), the telecom company, which acquired the 4G license in April 2020, plans to deploy the technology throughout the country and...

The initial financial results of Attijariwafa Bank, Africa's third-largest banking group by stock market value, for the first six months of the year are threatened by the current pandemic context. The bank’s managers predict a “significant decline” in net income group share, both for the first half and for the whole year. Like many other African banks, Attijariwafa experienced a...

As the prevalence of COVID-19 accelerates across Africa, over 40% of the population in Sub-Saharan Africa do not have access to clean water and are unable to heed the advice of health experts to wash their hands as a primary way to stop the spread of the virus. Preventing infection thus remains out of reach for many. Action in the Water, Sanitation and Hygiene sector, also known as WASH, is...

EFG Hermes, an Egyptian firm specializing in investment services and stock exchange brokerage, announced a plan to expand the business to West Africa and Nigeria, in particular. “We are currently looking to expand our local offering to include fixed-income trading, a structured product offering, as well as a local investment banking offering,” said Ali Khalpey, head of the company's...

Internet Service Provider (ISP) Raha Liquid Telecom was fined 11.8 billion shillings ($5.1 million) on August 28, 2020. The company was punished by the Tanzania Communications Regulatory Authority (TCRA) for violation of the Communications Act. Raha Liquid Telecom is accused of using radio frequencies in the band 1452-1482 MHz without a valid license since March 24, 2020. "Let me put it clearly,...