Deloitte Conseil Tunisie recently signed a partnership agreement with Proxym Group to support Francophone African public and private actors in their digital transformation and innovation. Via the agreement signed on the sidelines of the Tunisia Digital Summit (TDS), held in Tunisia on 2-3 April 2019, the two partners want to offer their consulting and digital solutions that meet the needs of the...

The European Investment Bank (BEI) has opened a €12 million credit line for Grameen Crédit Agricole that invests in microfinance institutions in emerging countries. This credit line is destined to two microfinance institutions operating in the West African market. In Senegal, Coopérative Autonome pour le Renforcement des Initiatives Economiques par la Microfinance (Caurie-MF) that...

Even though broadband has developed rapidly in Africa in the past five years, access costs are still high, limiting its adoption. According to the Alliance for Affordable Internet (A4AI), only a handful of countries set themselves apart with services that meet users’ needs at decent prices.  A4AI reveals that Egypt is the best African country that offers mobile broadband at the most...

In Chad, the economy is still vulnerable despite the recovery of the oil sector in 2018, the IMF indicated at the end of a mission carried out in the country last month. According to the institution, the economy is still exposed to numerous pressures despite the various reforms initiated by the government. For instance, despite a recovery in the oil sector in 2018, the non-oil sector rose by...

In a release published on April 2, 2019, Mauritius Commercial Bank Ltd (MCB) announced that it received an $800 million syndicated loan from a large number of Europe, Middle-East and Asia focused lenders. This loan was arranged by Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe Limited. The initial target was $500 million “but, the offer was oversubscribed to...

Global Fire Power (GFP) recently published its 2019 index of powerful militaries in Africa. This year, 34 African countries were assessed to determine powerful militaries. As was the case in 2018, Egypt has the most powerful military in the continent and the twelfth globally (out of 137 countries) with a score of 0.2283. With more than 211 jet fighters, Egypt is the ninth world’s air...

The Boards of Directors of the insurance companies RAWSUR SA and RAWSUR LIFE SA officially announce that they have been approved as insurance companies operating in the Democratic Republic of Congo by the Autorité de Régulation et de Contrôle des Assurances (ARCA) on Thursday 28 March 2019. In addition to effectively liberalizing the insurance sector, this decision also heralds the beginning...

Moroccan real estate group Douja Prom Addoha indicates projected revenue estimated at MAD900 million (XOF54.4 billion) in West Africa in the next two years. This amount represents the pre-sales of 1,700 houses made in 2018. "In view of the success of the first sales, the group accelerated the rate of its investments in most of the countries where it is present. At end 2018, the land reserve was...

In 2020, Tunisian IT and telecommunications firm Telnet could launch its first satellite in space.   In that regard, Mohamed Frikha, its CEO, and Alexander V Serkin, CEO fo Russian group GK Launch Services, signed a launch contract on April 1, 2019, for the launch of space equipment "Challenge One." During the signature of "Challenge One" launch contract, Telnet also inked a...

The mobile number portability considered in the Botswanan telecom market since 2012 should be a reality this year. Before the parliament to defend her ministry’s 2019-2020 budget, transport and communications minister Dorcas Makgato (photo) announced that the portability should be introduced in the country during the new fiscal year that started on April 1, 2019.   This will boost...