The Government of the Republic of Congo, through its Ministry of Posts and Telecommunications, has decided to conduct an administrative, financial and accounting audit of the management of the Central Africa Backbone project for 2020 and 2021.
On 17 April this year, the government launched a tender to select the firm that will be in charge of this mission. According to the Congolese Ministry of Posts and Telecommunications, the firm to be recruited is expected to express an opinion supported by evidence on the management of resources allocated to the CAB-Congo project at the end of each financial year, after reviewing the financial statements, statements of expenditure and special accounts of all resources received by the CAB project, both from the African Development Bank (AfDB) and the Congolese government’s counterpart. Expressions of interest are expected by May 5.
According to Michel Ngakala, the acting coordinator of the CAB-Congo project coordination unit, the Republic of Congo will use part of the funding provided by the AfDB group to cover the cost of the CAB-Congo project to be able to afford the services of the firm that will carry out the audits.
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...
Fund will support start-ups in maritime and blue economy sectors Launch planned at Lagos blue economy investment summit in March 2026 Initiative...
Kenya Airways appointed Chief Operating Officer George Kamal as interim CEO following Allan Kilavuka’s departure. Kilavuka exits after steering the...
Senegal and Gambia agreed on a five-year action plan covering 2025–2030 to deepen cooperation in higher education, research and innovation. The...
AMEA Power commissioned a 120-MWp solar photovoltaic plant in Kairouan, Tunisia’s largest to date. The project marks Tunisia’s first renewable...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...