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The American firm Andela, specialised in the development of African software developers, is preparing the installation of a vocational centre in Egypt. On December 15, 2018, a delegation, from the firm, led by co-founder Christina Sass (photo) was received in audience by Egypt’s minister of communications and Information technology Amr Talaat to discuss the construction of the centre. Present...
Cassava SmarTech Zimbabwe Limited (CSZL), a subsidiary of the mobile telephony operator Econet Zimbabwe Limited (EWZL), born from the separation of its mobile network exploitation activities from the technology operations, enters the Zimbabwe Stock Exchange (ZSE), today December 18, 2018.
The new firm that owns 100% of EcoCash, the mobile money service, 85% of Econet Life, 100% of Steward...
The African Export-Import Bank (Afreximbank) is about to open a $1 billion credit line to support Angolan SMEs, Paulo Gomes, one of the bank’s advisers, announced on December 14, 2018.
Talking during the intra-Africa trade fair held in Cairo on December 10-17, 2018, M. Gomes explained that via Angolan banks, this credit line would fund SMEs operating in the energy and industrial...
In a release published on December 12, 2018, the German development bank Kreditanstalt für Wiederaufbau (KfW) announced that it granted €100 million loan to Tunisia for water projects. The interest rate of this loan refundable over fifteen years is 2.2%. The loan agreement was signed in Tunis, the Tunisian capital, by Zied Laâdhari, Tunisia’s development minister and Sven Neunsinger,...
Senegal obtained pledges of XOF7,356 billion (about $12.72 billion) from its technical and financial partners for the financing of the second phase of its development strategy called Plan Sénégal Emergent (PSE). This funding was obtained on Monday, December 17, 2018, during the meeting of the PSE advisory panel in Paris.
According to Louise Cord, World Bank’s operations manager, this...
The Governing Council of the African water Facility (AWF) has commended the Facility for mobilizing over €1.4 billion for the implementation of projects. The Facility has also funded 117 national and regional projects in 52 countries, including transition states, since it began operations in 2006.
The AWF received the commendation at the 18th meeting of the Governing Council of the...
Dutch development bank FMO, which supports private companies in developing countries, and Swiss investment firm Symbiotics, specialised in sustainable and inclusive financing, will jointly invest about $32.5 million in the coming five years in renewable energy firm Zola Electric.
FMO, via its investment fund Access to Energy Fund (AEF), which funds renewable energy production,...
Ghana plans to build a new airport in Takoradi, a coastal town 225 km Southwest from the capital Accra, the deputy minister for aviation Kwabena Okyere Darko-Mensah said on December 14, 2018.
The “Government is planning to build the new Takoradi airport because we believe that the region contributes a lot to the nation’s GDP, and a lot of businesses will like to have some type...
The eventual transfer of part of utility group Eskom’s ZAR419 billion ($ 30 billion) debt to South Africa could lead to a 2% rise in the country’s 2019 debt ratio, rating agency Moody’s informed in a research note published on December 12, 2018.
"The transfer will increase South Africa’s debt/GDP ratio by around two percentage points from the 55.8% envisioned for fiscal year 2019",...
In the first quarter of 2019, another internet access provider will join the Tunisian market. BEE, a joint venture formed by Tunisian and foreign investors, will initially offer ADSL and VDSL services before extending its services to other branches like the FTTH, IPTV and telephony, the new company’s operations manager Karim Labidi informed.
According to the manager, the project is...