Ex-Prime Minister of Burkina Faso from 2007 to 2011, Tertius Zongo has been on the board of Endeavour Mining for over a decade. He exits the firm amidst a dispute with another firm owned by Simon Tiemtoré. The board of Endeavour Mining will vote for the adhesion of John Muro as a new member at its next general annual meeting, on May 30, 2024. Endeavour, the biggest gold producer in West Africa,...

African Hidden Champions (AHC) will host an exclusive Soirée on April 24, 2024, in Johannesburg to convene and celebrate entrepreneurial spirit with top African founders taking on the global stage. The event will also feature a private concert with award-winning South African artist, Ami Faku.  African Hidden Champions, a co-partnership of Africa Foresight Group, Germany’s development...

The West African Economic and Monetary Union's central bank- BCEAO reported a robust triple-digit increase in revenue from its external assets, reflecting its effective resource management. However, despite this surge, the gains fell short of the potential returns had the funds been invested in the accounts of the French Treasury. In its latest financial report, BCEAO revealed that its external...

In Africa, satellite telecom service providers like Starlink are attracting growing interest from consumers, telecom companies, and governments. In Benin, the regulator aims to regulate this booming market segment. The Regulatory Authority for Electronic Communications and Postal Services of Benin (ARCEP) has established conditions governing the provision of electronic communication services via...

Morocco had 55.8 million mobile subscribers and 2.8 million fixed-line subscribers by December 2023, official data shows. This base is shared among telecom operators Maroc Telecom, Inwi, and Orange. The National Telecommunications Regulatory Authority of Morocco (ANRT) has cut the time limit for number portability from two days to one, effective Tuesday, April 16. This move aims to streamline...

The African Development Bank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries.  The project, titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism in GIABA Member States...

The BOAD's Djoliba 2021-2025 strategic plan places a significant emphasis on the digital economy, with investments totaling CFA3.3 trillion (about €5 billion). The total amount of financing granted by BOAD to the digital sector has risen from CFA15 billion in 2022 to CFA40 billion in 2023, and is set to grow strongly over the next few years, announced Moustapha Ben-Barka, vice-president...

Global Affairs Canada has provided $7.3 million in funding to the Africa Fertilizer Financing Mechanism (AFFM) to enhance sustainable agricultural productivity and smallholder farmer livelihoods, particularly women and youth across Africa. The financing will aid the Mechanism in replicating its credit guarantee programs, enabling fertilizer importers and aggregators to access the product on...

For the first time in Egypt, under the patronage of President Abdel Fattah El-Sisi, the world’s oldest and most prestigious programming contest “International Collegiate Programming Contest (ICPC) World Finals 2023 hosted by AASTMT” is happening in Luxor with Huawei as the Diamond Sponsor.  Under the patronage of His Excellency President Abdel Fattah El-Sisi, Egypt is witnessing a...

Since late 2023, Turaco Gold, an Australian junior mining company, has strategically divested its interests in multiple gold assets in Côte d'Ivoire to concentrate on the Afema project. The company's primary objective is to pinpoint a substantial multi-million-ounce gold deposit to facilitate the development of a new mine. On April 17, Turaco Gold unveiled the initial drilling results for the...