(AfDB)-The Board of Directors of the African Development Bank Group has approved a €19.6 million financing package to support the Cabeólica Phase II Expansion Project in Cabo Verde. The project is the country’s first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at scale. The financing includes a loan of...

Despite rapid growth, digital inclusion remains uneven across Africa and other developing regions. By investing in strategic infrastructure such as high-speed backbones and submarine cables, the partnership will help expand internet access to remote and underserved communities. Orange, AFD Group (France’s public development bank), and Proparco have signed a three-year agreement aimed at...

Congolese Prime Minister calls for deeper commercial cooperation with Senegal Bilateral trade remains low despite strong diplomatic and business links Congo urges broader African integration through full implementation of AfCFTA The Republic of Congo is seeking to deepen its economic relationship with Senegal. On Sunday, June 15, during an official visit to Senegal, Prime Minister...

(AfDB)-Representatives of the African Development Bank Group have concluded a week-long high-level mission to Ghana, marking the institution's first major engagement with the country's new administration under President John Dramani Mahama. The delegation, led by Solomon Quaynor, the Bank Group’s Vice President for Private Sector, Infrastructure, and Industrialization, conducted extensive...

East Africa accounted for 71% of global off-grid solar kit sales in 2024 West and Central Africa saw steep declines due to inflation and currency issues Nigeria’s off-grid solar market fell 37% despite leading West Africa in volume East Africa led the world in off-grid solar kit sales last year, capturing around 71% of total global demand, according to a report published on May...

Telecom Egypt and partners sign deal for new intercontinental cable AAE-2 to enhance data flow, infrastructure resilience, and digital access Project supports growing demand for bandwidth and route diversification Telecom operators are increasing investments in submarine cable systems to expand the reach of global fiber optic infrastructure. Telecom Egypt and several other...

Talkio Mobile teams up with Interswitch to boost nationwide service adoption Access to over 20,000 Quickteller agents extends commercial reach Partnership follows earlier deal with Banana Life Investments Talkio Mobile, a Ugandan mobile virtual network operator (MVNO), has partnered with payment solutions provider Interswitch to accelerate the adoption of its services across the...

No new permits will be issued for first-stage rubber processing due to oversupply Authorities push for private capital in tire, molded rubber, and bioenergy sectors Existing infrastructure is sufficient to process all national rubber output Côte d’Ivoire, Africa's top natural rubber producer and the world's third after Thailand and Indonesia, is aiming to diversify its...

• Eutelsat’s OneWeb launches a satellite ground station in Luanda-Bengo, Angola• Station will connect low-Earth-orbit satellites to telecom infrastructure across the region• Project supports digital inclusion in rural areas and Angola’s push to become a digital hub French satellite operator Eutelsat, through its subsidiary OneWeb, has inaugurated a new ground station in Luanda-Bengo,...

Vodacom to build 106 telecom towers in rural KwaZulu-Natal with $5.6 million investment Expansion aims to close the digital divide and boost financial inclusion Challenges remain, including power supply, permits, and device affordability Vodacom, South Africa’s leading telecom operator by subscriber base, will invest 100 million rand (around $5.6 million) to expand its...