Ghana’s National Communications Authority (NCA) and Togo’s posts and telecommunications authority (Autorité de régulation des télécommunications et des postes-Artp) have been holding since February 7, 2019, a bilateral meeting for frequency coordination at their borders. The two regulators are deliberating on a framework surrounding the use of the radio spectrum at the stretch of land...

The Dutch commercial bank ABN AMRO and development financing institution FMO jointly granted a 5-year $15 million loan to SMT Guinea Transhipment Company Ltd, specialized in logistics solutions in the field of maritime transport. The terms of this loan as well as its interest rate have not been disclosed but the grantee plans to use it to acquire transhipment equipment for ships moored in...

The Commissioner for Economic Affairs at the African Union Commission, Victor Harison, has described the 2019 African Economic Outlook (AEO) as an important forecast for African policy makers to build their yearly economic projections and planning. Harison spoke before ambassadors, ministers, policy makers, researchers, and economic experts at an event held Friday on the sidelines of the 32nd...

African Development Bank President Akinwumi Adesina is expected in Addis Ababa on Sunday, 10 February to take part in the 32nd Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU). Adesina, who is leading a high-level Bank delegation comprising the senior vice-president and sector directors, will co-chair, with His Majesty King Letsie III of Lesotho,...

In partnership with the African Development Bank, Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there was huge potential for cooperation and immense opportunities...

Beyond Capital Fund, a social impact investment fund, has acquired equities in Tula, the Kenyan start-up that helps farmers save and obtain loans for inputs. The financial details of this transaction have not been disclosed yet. Tulaa, founded in July 2017 by Hillary Miller-Wise (photo), is thus becoming the eighth company in Beyond Capital’s portfolio. The startup, which helps farmers sell...

The Netherlands will provide $56 million to Tunisia in the framework of the local development and democracy strengthening programme, a communique published by the Netherlands’ embassy in Tunisia informed on Tuesday 5, February 2019. Four points will be prioritized in the framework of that programme. They are namely democratic transition and constitutional state, sustainable economic...

The International Islamic Trade Finance Corporation (ITFC) announced that on February 5, 2019, it granted a $154 million loan to Tunisian Company of Electricity and Gas (STEG). The loan agreement was signed in Tunis by the ITFC executive director Hani Salem Sonbol, and Moncef Harrabi, STEG’s CEO in the presence of Tunisia’s minister of development, investment and international...

January 2019 ended with an $84.5 million rise of Malawi Stock Exchange’s market capitalization. From $1.76 billion at end December 2018, it reached $1.84 billion on January 31, 2019, according to data gathered by Ecofin Agency. This rise of the market capitalization is mainly due to the listing of a new firm (ICON Properties) and the capital increase of another. There is also...

Facebook, in partnership with Vodafone, launched the Express Wi-fi, a wireless broadband internet access point, program in Ghana to offer quality internet access to the population not covered by the backbone network. The Express Wi-Fi is launched in Ghana a year after it was launched in Kenya, Nigeria and Tanzania. In the framework of that initiative, Vodafone Ghana has already rolled out Wi-fi...