World Bank is more than ever committed to helping Africa in its green bonds operations to help the continent adapt to climate change and reduce its impacts. “With our partners in Sub Sahara Africa, we concentrate on adaptation and resilience to climate warming. For instance, we support projects for sustainable land management, the vulgarization of climate resilient farming or the increase of...

Today, Vietnamese Prime Minister’s Special Envoy, Mr. Nguyen Quoc Cuong, Deputy Minister of Foreign Affairs, officially paid a visit to Cameroon and met with Prime Minister Dion Ngute in an effort to enhance bilateral cooperative relationship, and importantly to seek for appropriate solutions for the serious conflict at Viettel Cameroon SA (operator of the Nexttel mobile network). On this...

In Gambia, actors of the internet market are against the entrance of Sonatel in the market, deemed too small. Interviewed by foroyaa, Africell, Gamcel and many internet service providers think that Sonatel’s arrival in the market is "unnecessary" due to the numerous internet access providers already operating in Gambia.   Lamin Fofana, head of marketing and communication at Gamcel,...

In constant rise since 2014, Mali’s exports of goods kept its uptrend in 2018 leading to a net improvement of the balance of goods. According to the BCEAO, these exports rose by 13% in 2018 to reach XOF1,910 billion. The country’s imports increased by 6% during the period under review to XOF2,226 billion. Under those conditions, the trade balance of goods improved by about 23% year on year...

A release published on May 5, 2019, announced the success of negotiations for the acquisition of National Bank of Greece.   "We have concluded an agreement allowing our fully-owned subsidiary Bank Audi Egypt to acquire the total assets of National Bank of Greece Egypt, including the deposits and investments portfolio and 17 agencies employing close to 250 employees," Bank Audi says...

Morrocan industrial group Richbond announced the acquisition of 40% stake in the capital of Cash Plus from private equity Mediterrania Capital Partners (MCP), which is handing its 49% stake. "The acquisition of a stake in the capital of Cash Plus falls in line with our growth strategy and generates many operational synergies with our existing portfolio. After the works accomplished by...

In Senegal, the government will now shift from a parliamentary regime with a bicephalous administration to a presidential regime. Last weekend, the parliament adopted the constitutional amendment suppressing the prime ministry. This new measure is aimed at "allowing the president to be in direct contact with the level of enforcement, implementation, monitoring and evaluation of public policies,"...

Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources. These findings were revealed at a workshop hosted by the African Development Bank and a high-level delegation from the Ethiopian government. A study found that the introduction of electronic cash registers increased value added tax (VAT) collections and payments by about...

The recently created Angolan stock exchange Bolsa de Dívida e Valores de Angola (Bodiva) will proceed to its first IPO by end 2019, its director Patricio Vilar (photo), announced on May 2, 2019. The director also indicated that five private firms showed “concrete interests” for listings on the BODIVA. He did not reveal the name of the firms that will join the exchange but it is to be...

On May 2, 2019, the Tunisian ministry of finance introduced a set of digital services to facilitate the payment of taxes and other duties and fees by users. These services are part of the government’s strategy to boost the use of electronic payment methods that are faster and reduce unnecessary paper burden. Users can now pay or check their outstanding fines or taxes via internet and SMS....