Joao Lourenço (photo), Angola’s president, cancelled the international call for tenders that led to the attribution of a telecom licence to Telstar on April 12, 2019. According to the president, Telstar did not comply with some procedures of the operation. This licence was the fourth in the Angolan telecom market and, it was a unified license. Joao Lourenço also ordered the launch of a new...

In the current fiscal years, there has been increased attacks on the copper network of Botswana Telecommunications Corporation Limited (BTC). According to the incumbent operator's communications manager Golekanye Molapisi, “in the current financial year, we have been experiencing a lot of copper cable cuts and theft -both underground and overhead cables- which are being stolen and damaged at...

The medium and long-term debt of pharmaceutical firm Unimed listed on Tunisia stock exchange grew by 448% year to year in S1, 2019 to reach TND20.8 million. The firm explains that during the period under review, it borrowed TND4.8 million from banks for its expansion project. According to Moroccan media citing Charfeddine Ridha (photo), UNIMED’s managing director, an TND80...

In Senegal, the prime minister Mahammed Dionne has been required to suggest a regulatory framework for the public administration’s telecom bill by August 1, 2019. The instruction given by the country’s president Macky Sall (photo) during the ministerial council of April 17, 2019, falls within the framework of measures initiated by the government to reduce government expenditures. In 2014,...

In Niger, a new headquarters will soon be built for the directorate in charge of border control, immigration and ID management  (DST). The foundation stone of this headquarters was laid on April 17 by the minister of interior Mohamed Bazoum in the presence of the US ambassador to Niamey Eric P. Whitaker and the head of IOM in Niger Martin Wyss. The infrastructure for which the US...

Nigeria will issue NGN20 billion ($55 million) bond on April 24, 2019 to fund its budget, the Debt Management Office (DMO) indicated in a release published this week. According to the release relayed by many local media, the new bond will mature in 2049 (30 years). On the other hand, there is no indication of the interest rate.    “The issuance of the bond will meet the needs of...

In Tunisia, the operating expenses of Union bancaire pour le commerce et l’industrie (UBCI) reached TND43.4 million on March 31, 2019. On a year to year basis, this represents a 23.67% rise.   The bank explains that this is due to tax adjustment for the 2014-2016 fiscal years. In its 2018 financial report, UBCI indicates that in September 2018, it received a TND17.8 million tax...

Huawei has a proud history of delivering world class information and communications technology solutions in Africa. In our 30-year history and work in more than 170 countries and regions, Huawei has never installed a back-door; security is critical to everything we do. Allegations about impropriety with our customer, the African Union (AU) are completely unsubstantiated, and we vehemently reject...

In West Africa, mobile technology and services contributed 8.7% of GDP in 2018, the GSM Association (GSMA) indicates.   During the period under review, they generated $52 billion, a volume that may rise to $68 billion by 2023 or 9.5% of GDP. The 2018 performance was achieved thanks to 185 million mobile users, including 100 million internet users. This represented 53% of mobile...

In Morocco, private equity firms raised a total of MAD1.681 billion ($175.3 million) in 2018, local media LeBoursier indicated quoting a report presented to the media on April 16 by the private equity firms’ association (association marocaine des investisseurs en capital-AMIC) and audit firm Fidaroc Grant Thornton. Compared with the MAD1.318 billion raised in 2017, this represents a 27.5%...