In the face of the current security challenges, marked by recurrent terrorist attacks, Mali’s economic activity remained resilient and growth is expected at 5% this year. The good news was announced yesterday by Boriana Yontcheva (pictured, left), who led an 11-day International Monetary Fund -IMF- mission to the country from Nov 19 to 29. The mission was conducted as part of the first review...

In response to the recent trouble on its 4G coverage, broadband Internet provider Korea Telecom Rwanda Networks, a joint-venture between Korea Telecom and the Government of Rwanda, has invested $10 million to upgrade its network. Works will be conducted in two phases, the first of which is already underway and runs until December 15. Phase I concerns the optimization of communication...

Last Thursday, as a side event of the Global Gender Summit which took place in Kigali from 25 to 27 November 2019 - Entreprenarium Foundation welcomed 300 distinguished guests and beneficiaries to its quinquennial celebration. An occasion to recall the achievements realized by the organization on the continent. The 2019 Global Gender Summit organized for the first time in Africa by the AfDB and...

Ivorian President Alassane Ouattara (pictured) said he will seek another term, a third one, if people of “his own generation” also run for the elections next year. He said that before tens of thousands of supporters on Saturday during a 4-day visit to the region of Hambol. “I want my generation to understand our time is up, and we should all step aside. But if they decide to run, I’ll...

The Bank is playing a leading role in guiding progress on climate change on the continent. The Bank has doubled its total climate change commitment to $25 billion between 2020 and 2025. The African Development Bank will on Monday kick off a campaign to present the continent’s case at the world’s leading climate change conference. The 25th session of the United Nations Framework...

More than 350 stakeholders are converging on Sharm El Sheikh, Egypt, to participate in the 2019 African Economic Conference (AEC), with this year’s focus on jobs, skills and capacity development for Africa’s youth. The three-day conference, from 2-4 December, brings together researchers, youth representatives, business leaders, policymakers and media representatives from Africa and around...

Kenya’s e-commerce platform Copia Global has raised $26 million to finance its expansion across the country but also in the East African sub-region. Monies were provided by five investors including Amsterdam-based Goodwell Investments which already pumped $2 million in the company in January this year. Copia Global, which begins operations in 2013 in Kenya, currently serves more than...

The Johannesburg Stock Exchange (JSE), working with seven African exchanges, the African Development Bank and the African Securities Exchanges Association (ASEA) hosted the African Exchange Linkage Project (AELP) Engagement Forum, designed to bolster investments into the continent. The joint initiative will facilitate cross-border trading and settlement of securities across participating...

Zimbabwe’s third-largest mobile operator by subscribers, Telecel Zimbabwe, has been taken to the High Court by Egyptian ARPU Telecommunications Services S.A.E Limited over a $749,900 debt. The plaintiff says the debt is the result of several unpaid invoices inherent in a partnership it signed with ARPU on August 1, 2016, for the provision of technical and infrastructure support enabling...

The African Development Bank presented the Lusophone Compact to the private sector in Guinea-Bissau last month, during an event at the national Economic Forum. The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products and technical assistance to...