The public offering of BIIC shares allows the Beninese government to raise significant funds while scaling back its stake in the bank. The shares will be listed on the BRVM, making BIIC the third Beninese company to join the regional stock market. Benin’s government has secured over CFA100 billion ($165.6 million) by selling more than 33% of its shares in Banque Internationale pour...

The hidden debt comes with a repayment schedule that is not publicly disclosed. By 2028, the Senegalese government will have to repay the equivalent of $4.13 billion in debt. The International Monetary Fund (IMF) is working “fast and bold” with Senegalese authorities to address concerns over the underreporting of public debt between 2019 and 2023, as recently revealed by the country’s...

The quest to broaden the scope of interventions by the Fund for Export-Development in Africa (FEDA), African Export-Import Bank’s (Afreximbank) development impact investment arm, into all corners of the continent reached a major milestone today with the signing of the Fund’s Establishment Agreement by Uganda. With Uganda’s accession, FEDA expands its presence to 21 member states,...

Since January 29, the AES countries are no longer part of ECOWAS, but they still have time to reconsider their decision. Ghana, which has bolstered its relations with the Liptako-Gourma region, is ready to assist in welcoming the three nations back. Ivorian President Alassane Ouattara has called on Mali, Niger, and Burkina Faso to rejoin the Economic Community of West African States (ECOWAS),...

In a significant move aimed at boosting industrial development across Africa, African Export-Import Bank (Afreximbank) signed a US$450 million global credit facility with ARISE IIP, the leading pan-African developer and operator of world-class industrial parks. This financing will support the development of industrial parks and Special Economic Zones (SEZ), while also providing crucial trade...

The African Union (AU) and the European Union (EU) have signed a €20 million ($22 million) funding agreement for a new program aimed at accelerating the performance of their partnership. The announcement was made in a joint statement released on March 5. The program, known as the AU-EU Partnership Performance Acceleration Program (AUPPAP), is designed to support Africa’s economic growth...

Digital payments increase transparency and efficiency, reducing fraud, delays, and corruption in medical payments. Safaricom M-PESA Ethiopia, in collaboration with other financial service providers, has partnered with the Federal Ministry of Health to introduce a secure and scalable digital payment system for the healthcare sector. This initiative, announced on March 5, aims to enhance financial...

5G connectivity is crucial for innovation in sectors such as healthcare, education, finance, and smart cities. Faster and more reliable internet will enable new applications, including IoT (Internet of Things), AI-driven automation, and enhanced mobile experiences. Telecom Egypt – WE has signed a cooperation agreement with Huawei to upgrade its network with advanced technology, paving the way...

Northern Africa OTF (Operations Transformation Forum) 2025 was successfully held by Huawei during the Mobile World Congress 2025 in Barcelona, encircling the theme of " Empowering African Digital Intelligence Transformation ", the event brought together over 100 executives from delegates of government, operators and industrial organizations in the region. Participants engaged in in-depth...

MTN Ghana’s strong Financial performance is important for several reasons. Growth in mobile, data, and Mobile Money users signals increased connectivity, financial inclusion, and digital transformation, benefiting businesses and individuals. MTN Ghana reported a 6.5% increase in mobile subscribers, reaching 28.5 million in 2024, as revealed in its Condensed Consolidated and Separate Financial...