Etisalat Misr, the third operator in the Egyptian telecom market in terms of subscribers, launches its activities in the fixed telephony segment. The new service is launched in accordance with the give-and-take agreement met in 2017 with the regulator. That agreement specified that the introduction of Telecom Egypt, the incumbent carrier, in the mobile telephony segment would also allow mobile...

On November 26, 2018, Algerian public oil company Sonatrach and Chinese conglomerate Citic signed an agreement for the construction of a phosphate extraction and processing complex in Tébessa (630 km East of Alger), requiring a $6 billion investment, the official news agency APS revealed. This complex which should enter into production in 2022 will help Algeria increase its yearly...

Starting from December 2018, South African Airways (SAA) will need $540 million of working capital, managers of the South African firm indicated today November 27, 2018, in a presentation addressed to the parliament. According to the information reported by Reuters, these funds should facilitate daily activities for the airlines company that has been facing financial difficulties for years...

XOF5 billion (about $8.6 million) will be needed to allow the compendium of female expertise in Côte d’Ivoire (Compendium des compétences féminines de Côte d’Ivoire-COCOFCI) meet the goals set for the second phase of its action plan. This was revealed by Euphrasie Yao (photo), coordinator of this compendium, on November 23, 2018, during a workshop organised to present the said...

France will return twenty-six works of art pertaining to Beninese cultural heritage, a statement from the presidency announced last week. This restitution which will be done without delay follows the reception by the French president of a report on the return of African works of Art by France to Africa. In July 2016, Benin required the restitution of about 5,000 artworks, taken by the French...

At less than one month from presidential elections in the Democratic Republic of Congo, the political arena seems to be gradually rebuilding itself. Indeed, on Friday, November 23, 2018, Vital Kamerhe (photo, at the left), president of  UNC, announced that he would not run for the election. Instead, he would support Félix Tshisekedi (photo, at the left), president of UDPS, the major...

The mobile telephony operator Tigo Sénégal hired the french firm Sagemcom to extend its optical fiber network. Tigo explains that this extension shows its support to the company based in Senegal in their digital transformation and in their development by proxy. Indeed, with the extension of the optical fiber network, a larger number of local companies can have access to quality connection which...

On November 22, 2018, by creating a joint platform, Mowali, MTN and Orange launched the inter-operationality of mobile money in Africa. The platform which for the time being interconnects the more than 100 million subscribers of the two telecom operators should in the long term do so for the 153 mobile money service providers in Africa representing more than 338 million subscribers. This...

Carlyle Group, the American firm presented as the world’s largest private equity group, could potentially lose $136.1 million on the investment realized in November 2014 in Nigerian group Diamond Bank.   At the time, Diamond Bank organized an operation to raise NGN50 billion ($305 million at the exchange rate of NGN165 for $1 at that time). Carlyle then acquired about 4.16...

The Egyptian financial services provider EFG Hermes plans to add insurance and mortgage lending to its services, Reuters reported on November 26, 2018, citing one of the firm’s managers.   “We will study the practices (of non-banking financial services) after obtaining the necessary regulatory permissions”, said Karim Awad (photo), EFG Hermes’ managing director. "We really...