In Egypt, the IT institute ITI will open a new branch in Assouan to boost local students’ capabilities in the IT and Communications sector. A cooperation agreement was signed in that regard, on February 18, 2019, between Heba Saleh, ITI’s president and Ahmed Gallab, president of Assouan University, in the presence of Amr Talaat, the communications minister, and Ahmed Ibrahim, governor of...

On February 19, 2019, Abdeslam Ahizoune, president of Maroc Telecom’s administrative board met with Chad’s president Idriss Deby. During the meeting, they discussed the investment opportunities open to Maroc Telecom in the country.   According to Abdeslam Ahizoune, this meeting is the result of the call issued by Chad’s president to international investors.   For Maroc Telecom,...

The UK wants to cut African countries’ dependency on foreign aid with a new anti-avoidance program. This was announced last Thursday by Penny Mordaunt (photo), International development secretary. To implement the new program, the UK plans to invest £47 million ($61.2 million). Out of this fund, £13 million ($16.9 million) will be consecrated to regional IMF’s technical assistance centers...

Texas-based Guidry Group confirms, to Reuters, information according to which it will soon sign a 35-year $1.5 billion contract for the construction and operation of a port in Susah, Lybia.  “Funding for the Port of Susah project is expected to come from a variety of sources, including international multilateral agencies, major financial institutions and international project finance...

Maroc Telecom has published its 2018 financial report and it appears it performed better than its own expectations. The company realized a turnover of MAD 36.032 billion (3,773,404,960 US dollars), representing a 3.1% rise compared with 2017’s performances. Its net result rose by 2.3% on a year on year basis to reach MAD6.005 billion (628,865,918 US dollars). Those performances were...

Quartz, the digital journalism platform focusing on the global economy, has selected African Development Bank Vice President Dr. Jennifer Blanke as a “Quartz Pro” contributor. Quartz Pros are featured in Quartz’s recently launched app aimed at civil discussion by smart people about the news. Blanke, an economist responsible for the Bank’s Agriculture, Human and Social Development...

Tunisian bank Banque de l’Habitat, announced in a statement published February 14, 2019, that it has obtained the approval of the financial market regulator to issue a TND35 million (about $12 million) subordinated bond. Baptized “BH subordonné 2019-1”, this bond could be increased to TND50 million. It will be divided into 350,000 bonds with a nominal value of TND100, which could be...

In Burkina Faso, the IT sector is a key priority for national development, the prime minister Christophe Dabiré indicated at the national assembly on February 18, 2019, while presenting his government’s overall policy. According to Christophe Dabiré, the government will accelerate “the construction of a virtual university and regional digital spaces. The ambition is to train qualified...

South African defence group Denel plans to sell some of its equities in the framework of a new investment strategy aimed at making it profitable again (within two years), Reuters reported citing one of the group’s managers. “We are planning to sell stakes in some of our divisions,” the group’s managing director Daniel du Toit said during a defence exhibition in Abou Dhabi. He also...

Egypt just issued dollar-denominated Eurobonds, finance minister Mohamed Maait (photo) announced indicating that the deadline for international investment offers is late February 19, 2019.   “We launched the operation this morning and bids will be received till the end of the day,” he said in a statement reported by Reuters. The minister did not reveal the volume of this operation...