ASAL, the Algerian space agency, is already thinking about a second communications satellite (Alcomsat-2) to replace the first (Alcomsat-1) at the end of its service life in space. During the ASAL open house organised on December 3-4, 2018, its managing director Azzedine Oussedik (photo) revealed that the agency’s ambition was to let Algerians build that new equipment.   According to him,...

Tigo Senegal which now belongs to SAGA AFRICA HOLDINGS LIMITED, a joint venture of Teyliom Telecom, NJJ and Sofima, finally acquires 4G license. On December 4, 2018, Tigo Senegal’s managing director Mass Thiam signed a concession and service agreement for this mobile technology with the managing director of the telecom regulator ARTP.   For the license, Tigo Senegal disbursed XOF27...

South Africa is officially out of recession with a 2.2% growth in Q3, 2018, the national institute for statistics (StatsSA) announced on December 4, 2018.   The GDP of the most industrialized country in Africa contracted by 2.6% and 0.4% respectively in Q1 and Q2 2018.   The economic improvement recorded during the fourth quarter is essentially spurred by performances in the...

Kenya has initiated negotiations with international banks to roll over a $760 million syndicated loan and extend its deadline to make the refund more manageable, said Kamau Thugge (photo), treasury principal secretary, on December 4, 2018. The official revealed that the government intended to extend the lending period to seven or ten years. He also adds that no agreement has been met in...

Halan, an Egyptian ride-hailing tech company, raised an undisclosed volume of funds during an operation managed by Singaporean Battery Road Digital Holdings and venture capital firm Algebra Ventures. "Halan is a technology solution that is built to put people first and improve their livelihoods. All over the country, it moves people and goods safely, efficiently, and economically and generates...

The South African automobile distributor Motus Holdings (MTH) has just been listed on the  Johannesburg Stock Exchange (JSE), becoming the fourth actor of the automobile distribution sector to join the local stock market. "This is an exciting milestone in the history of our company. The unbundling and separate listing of Motus enables us to operate in a more focused and efficient manner,...

The opening day of COP24 Leader’s Summit was marked by the celebration of Africa Day which focused on how the implementation of Africa’s Nationally Determined Contributions for a healthy environment can accelerate development on the continent. Africa Day, a joint initiative of the African Development Bank, African Union Commission UN Economic Commission for Africa and the New Partnership for...

Kenya plans to raise Ksh319 billion on the domestic market in the 2019/2020 fiscal year, the national treasury reveals according to a report published by Business Daily Africa. This represents a 46 percent increase compared to the Ksh217 billion borrowed by the country during the current fiscal year. In the same wake, the country may reduce its foreign borrowing by 27 percent to Ksh207 billion...

On December 3, 2018, a digital platform for municipal tax collection was presented to accountants of local councils in Côte d’Ivoire. The Platform named "Net Collect-Services" was presented during a workshop aimed at sensitizing and preparing the accountants to the use of this platform in their municipalities. According to Sékongo Clotcho, general director of BMI international consulting...

Benin’s telecom regulator (ARCEP) has decided to regulate the prices applied by electronic communication operators in the country. To avoid tariff disagreement between competitors as well as the continuation of mismatch between the production cost and prices of mobile services which are bad for consumers, on November 29, 2018, the regulator published a decision setting a price outline for...