Intercel, the mobile telecommunications operator, has been asked to end its activities in Guinea since October 9, according to the decision N° D/009/MPTEN/CAB/2018 of the country’s ministry of posts, telecommunication, and digital economy. Guinea’s telecommunications regulatory agency (ARPT) reveals that this decision taken by the ministry is the result of the recurring difficulties...

Samsung Electronics has started supplying the 708,000 tablets ordered by Egypt for the 2018/2019 academic year. Indeed, the country issued a call to tender for these tablets and the South Korean company won the bid. These tablets will be freely distributed to pupils and teachers at public primary schools. Last may, Tarek Shawki, the education minister indicated that these tablets would be...

As announced at the beginning of October 2018, during the launch of Africa Pulse, World Bank has just published the new Human Capital Index in Bali (Indonesia), in the framework of the yearly assembly of Bretton Woods institutions. The Index measures the loss of productivity sustained by countries that invest less in their human assets. The bank explains that the index compares the future...

Hexabyte, the Tunisian company specialized in the supply of internet via ADSL, announces the opening of its capital to a local operator whose name is still kept secret. In a release published October 9, 2018, on the website of Tunisia’s stock exchange, the Internet Services Provider indicated that it was still negotiating and the procedures for this operation have already been initiated so as...

Attijari Bank controlled by Andalu Carthage Holding, a fully owned subsidiary of Attijariwafa Bank, received a subordinated loan of €40 million from the International Finance Corporation (IFC). This credit line repayable within 7 years will help the Tunisian institution boost its equity and its support to SMEs operating in the renewable energy and waste management sectors. Apart from...

Egypt plans to issue up to $20 billion of bonds denominated in foreign currency by 2022, a high-ranking official declared to the Egyptian website Entreprise, on October 9, 2018, under the condition of anonymity. However, the source refused to detail the country’s plan or explain its vision for this important issuance. On the other hand, the source indicated that Egypt is planning the...

Representatives of Senegal's government and managers of ICT companies are meeting in Dakar, Senegal for consultations to adopt a national strategy of IT-enabled business process outsourcing. The meetings that started October 9, 2018, are to end today October 10, 2018, and is being organized by the International Trade Corporation (ITC) that sees potential in Senegal.   Thanks to...

Silicon Industries Corporation (SICO), manufacturer of the first Egyptian smartphones, announces its expansion in Africa. Mahmoud Ali, the company sales manager, revealed that this expansion should be done by the end of 2018 or early 2019. In its expansion plan, the company targets Kenya, Morocco, DR Congo, South Africa, Nigeria, Mozambique, and Ghana. Mahmoud Ali explains that this expansion...

Sub-Saharan bond issuers raised a record $30.8 billion during Q3, 2018, Ecofin Agency found out from concordant documents. This segment of the financial markets involving the subregion was particularly animated by governments that are primary issuers notably because of liquidity needs to finance budget deficits in a context marked by ever decreasing revenues. Financial institutions ($5.7...

The consortiums Vinci-Meridiam Infrastructure, IHI Corporation Acciona and Sotrabag AG are the three contractors retained for the construction of a bridge in Kenya. The $200 million bridge is a public-private partnership agreement for the construction of the second bridge of Nyali. The six-way bridge’s objective is to fluidify the traffic between Mombassa and the island near it. Kenya...