Côte d’Ivoire aims to boost public administrations’ internal audit capabilities. In that regard, the general inspectorate of finance organised an awareness-raising campaign on transparency and the management of public affairs thanks to a control and audit system. The seminar which started on November 12, 2018, is to end today November 16, 2018. The theme for this seminar co-animated by...

The African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal and transformation of the country. Prepared by the Bank Group’s Economic Governance and Knowledge Management Vice-Presidency, the report was presented in a plenary meeting by the Bank’s Lead...

Today, November 15, 2018, Morocco is inaugurating the first ever high-speed train in Africa. With this train, passengers can travel from Casablanca to Tangier in just 2hours and 10 minutes while 5 hours were needed for the same trip previously. The new infrastructure which cost $2.3 billion is to be inaugurated by King Mohamed VI and the French president Emmanuel Macron. In the framework of...

Huawei technology partnered with the UNESCO, African Universities and various actors of the tech world to launch a training program for ICT talents in Sub Saharan Africa. Materialized on November 13, 2018, in Cape Town, South Africa, during the first day of AfricaCom 2018, the initiative plans for certification programs from Huawei. Michael Meng, services Director of the Huawei Enterprise...

On November 13, 2018, Mobilis, subsidiary of Algeria Telecom successfully tested 5G connection at Oran. The company reached a data transmission rate of 1.18 gigabytes per second. This test was conducted with the technical support of its partner Huawei during the Smart Algeria Forum. Samir Bouzekri, technical director at Mobilis, explained that Oran would not be the only town where the operator...

Gyro Group, the company founded in April 2017 by the South African group Telkom to manage its real estate assets could become a Real Estate Investment Trust, South African media reveal citing Sipho Maseko (photo), the group’s managing director.   "We’ve been looking at how we can unlock value because if you look at Telkom’s valuation, the property value is not reflected in our share...

The International Finance Corporation (IFC) and Omni Bridgeway, the Dutch specialist in the recovery of non-performing loans, jointly disbursed $100 million to set a new investment vehicle aimed at the Middle East and North Africa (MENA) region.   The new vehicle which will be managed by Dubai-based regional center of Omni Bridgeway will specifically help financial institutions in...

Last November 14, 2018, Nigeria raised $2.86 billion Eurobonds to fund the fiscal deficit. The fund was raised in three tranches: a $1.18 billion operation with seven years maturity date and 7.625% interest rate. Another one of $1 billion with twelve years maturity date and 8.75% interest. The last one is $750 million with 30 years maturity and 9.25% interest rate. A...

Initiated by Investisseurs & Partenaires (I&P), the Foundation for Studies and Research on International Development (Ferdi) and the African Club of Entrepreneurs, the blog Entreprenante Afrique is a direct and logical continuation of the eponymous book published in 2016 by Jean-Michel Severino and Jérémy Hajdenberg. Its objective: to witness and promote entrepreneurial momentum in Africa, by...

Heads of State, presidents of Development Finance Institutions (DFIs), global and regional investors, business moguls and other A-list attendees are lauding the recently concluded inaugural Africa Investment Forum as an unprecedented game changer for Africa. South Africa’s President Cyril Ramaphosa has described the Forum, convened by the African Development Bank, as “an innovative...