Teleology Holdings finalized acquisition of the mobile operator 9mobile. In that regard, the company announced the constitution of a new administrative board to replace the older constituted by Central Bank of Nigeria, for the Nigerian telecommunications company and the transfer of ownership to new investors. Teleology Holdings, which was declared the preferred bidder for the acquisition of...

The German automotive component supplier Dräxlmaier Group announced on November 9, 2018, that in 2019, it would create 4,000 additional jobs at its four industrial sites in operation in Tunisia. This was announced at the end of a meeting between members of the group's administrative board and Youssef Chahed, head of the government of Tunisia. Let’s note that Dräxlmaier Group already employs...

Bank Misr, the second public bank in Egypt, plans to raise $550 million from international banks, before the end of the 2018 fiscal year, to boost its dollar reserve, Reuters reported on November 11, 2018, citing the bank’s vice-president Akef El Maghraby. The American bank Citibank and the Emirati National Bank of Dubai (NBD) were chosen to arrange this operation, the same...

Kenya will issue Ksh50 billion ($489 million) of domestic bonds to fund infrastructure projects, a release published by Central Bank of Kenya on November 12, 2018, informed.   These bonds which are to be issued on November 14, 2018, will have a maturity period of 20 years with an 11.950% coupon. The proceeds of this issuance will be used to finance the construction of a road and water...

Pixagility, a video content preparation and transportation service provider with a worldwide presence, has installed a node at Teraco Data Environments. Pixagility has provided telcos and TV media groups with global connectivity and networking solutions for 8 years. Its IP and OTT solutions range from non-linear services like VOD/Replay and basic video content capture and preparation, to linear...

The Vietnamese telecom group Viettel published its financial reports for the first nine months of 2018. From these reports, it appears that its international arm Viettel Global Investment JSC performed well with net income of VND12.43 trillion (533,706,118 US Dollars) representing a growth from 3 to 11% compared to the performance during the same period in 2017. This improvement was spurred by...

Nigeria aims to densify its national network of optical fiber in order to improve its broadband penetration rate. To that regard, it launched the national broadband plan. Thanks to this public-private partnership initiative led by the Nigerian Communication Commission (NCC) and the Nigerian Industrial Policy and Competitiveness Advisory Council, 18,000 kilometers of additional optical fiber...

Seven leaders of the various DR Congo’s opposition parties namely Moïse Katumbi, Jean-Pierre Bemba, Vital Kamerhe, Adolphe Muzito, Freddy Matungulu, Félix Tshisekedi, and Martin Fayulu met in Geneva, Switzerland, to choose who would represent them during the coming presidential elections in their country. At the end of the discussions, they chose Martin Fayulu. "I have six other leaders...

The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum. Launched in June 2018, AFAC aims to increase financial sector participation in climate action, in order to raise the share of investments that support low-carbon and climate-resilient development in Africa. Its Steering Committee, which provides overall...

The African Development Institute will host Her Excellency, Graca Machel as the Special Guest Speaker of the institute’s Eminent Speakers’ Lecture Series on Friday, 16 November 2018. The lecture will begin at 2.15 pm in the Babacar N’diaye Auditorium of the African Development Bank headquarters in Abidjan, Cote d’Ivoire. Machel will speak on the topic: “Educating the Girl Child,...