Mozambique joins the list of countries that received money from the International Monetary Fund (IMF) to fight the coronavirus pandemic. The institution approved on April 24 the disbursement of SDR227.2 million (about $309 million) under the ECF arrangement with the country to help meet the urgent balance of payments and fiscal needs. Mozambique is still struggling to recover from the Idai...

At a time when pandemic is raging, questions about the world after Covid-19 affect all economic sectors. This pandemic comes to say out loud what many civil society organizations were already saying and is pushing each organization to rethink its activities, its development, its impact on biodiversity and environmental footprint. It is all the more the case for the gold sector as in any crisis,...

Flash International, associated with Schoolap, today announced the conclusion of a memorandum of understanding aimed at connecting to deploy all of its digital services in several thousand schools in the Democratic Republic of the Congo, including a broadband Internet connection. Thus, through a partnership with Konnect Africa, schools will receive a broadband Internet connection, providing...

Amazon Web Services (AWS) announced on April 22 it has launched its African regional hub in Cape Town, South Africa. AWS Africa Region will offer low latency digital services and a broad range of technologies to players in various sectors, mainly government organizations. Peter DeSantis, vice president of AWS global infrastructure, said the company - which has a long history in South Africa and...

The Moroccan banking group BMCE Bank of Africa is the first institution to benefit from the Resilience Framework initiative set up in March 2020 by the European Bank for Reconstruction and Development (EBRD) to support partner institutions facing credit difficulties as a result of the current health crisis. EBRD will grant a credit line of €100 million to the bank headed by businessman...

The British government announced a $43.6 million rescue plan to help Zimbabwe face the covid-19 pandemic. The information was reported on April 22 by the British Ambassador to Zimbabwe, Melanie Robinson (pictured). The resources will serve health care needs and improve efforts to control and limit the propagation of the virus. Part of the money will be used to assist children in need of...

On April 27, the Ivorian government will issue the first covid-19 social bonds on the WAEMU securities market, seeking a total of CFA180 billion (about $297 million). The operation will consist of 3-month Treasury bills (BATs) at multiple rates less than or equal to 3.75%. The securities issued are repayable on the first working day following the maturity date, which is set at 27 July 2020....

Brussels satellite service provider SatADSL signed a partnership agreement with broadband satellite services provider YahClick, owned by UAE-based Yahsat, to improve connectivity across sub-Saharan Africa. SatADSL will combine the capacity acquired from YahClick and its cloud-based service delivery platform (C-SDP) to deliver a full range of flexible satellite services across the region. “Our...

US company Apple, which specializes in the design and marketing of consumer electronics products such as personal computers and software, announced on April 21 plans to expand in new emerging markets. App Store, Apple Arcade, Apple Music, Apple Podcasts, and iCloud are now available in 20 new countries, including eight African countries: Cameroon, Côte d'Ivoire, Democratic Republic of Congo,...

Dutch investment fund Massif Fund, managed by FMO on behalf of the Dutch Ministry of Foreign Affairs, has invested $2.7 million in Nasira, a program that supports young, female, and migrant entrepreneurs in Sub-Saharan Africa and countries neighboring Europe. The money will be used to help the companies continue their activity during this global pandemic context. “Whilst the COVID-19...