During the first Russia-Africa Summit held in 2019, the president promised to increase trade with the continent to "$40 billion over five years." However, the figures for 2023 and the first eight months of the current year show that Moscow is still far from reaching that goal. Trade between Russia and Africa reached $24.5 billion in 2023, a 37% increase compared to 2022, according to Dmitry...

As Nigeria's largest mobile network operator, MTN plays a crucial role in connecting subscribers to voice, data, and fintech services. Its operations extend beyond telecommunications, making it a key driver of the country’s digital transformation. MTN Nigeria announced on Friday, November 15, that it has successfully raised ₦75.18 billion ($45 million) through its commercial paper issuance...

Africa is facing a growing demand for digital infrastructure, fueled by rapid expansion in digital services and interconnectivity needs. Access to robust data center infrastructure is essential for digital transformation, and investments in such facilities empower African enterprises to adopt digital solutions. South African data centre operator Teraco, a subsidiary of Digital Realty, announced...

Microfinance has become essential for giving unbanked people access to financial services. However, the rise in unpaid loans is threatening the stability of many institutions, especially in fragile economic environments. The West African microfinance sector has shown both promise and vulnerability this year. According to new data from the Central Bank of West African States (BCEAO), unpaid loans...

Since September 2023, Burkina Faso has been implementing an economic reform program under the supervision of the IMF to make its economy stronger and more resilient. Following a review of the program, the IMF praised the country for its progress, especially in managing public spending effectively. Burkina Faso’s economy is expected to grow by 4.2% in 2024, according to the International...

Reliable energy is essential for connectivity and technology use, as digital infrastructure heavily depends on a stable power supply. Therefore, countries must invest in dependable energy sources to support the growing adoption of digital technology across Africa. Digital Realty company Teraco announced on November 12 that it had initiated the construction of a major 120MW utility-scale solar...

Nigeria is facing the aftermath of devastating floods this year. FAO reported that these floods have destroyed infrastructure, caused mass displacement, and led to agricultural losses estimated at 855,629 tons. Nigeria is facing a severe food crisis that could leave 33 million people struggling with food insecurity by the second half of 2025. The World Food Program (WFP), working with the Food...

The push for digital connectivity in Africa is crucial for socio-economic development and for bridging the digital divide. The continent has faced historical challenges in developing its telecommunications infrastructure. However, recent efforts signal a strong commitment to advancing digital capabilities and positioning it as a player in the global digital economy. The Eswatini Posts and...

Last February, experts from the United Nations Economic Commission for Africa advised African countries to look into new green financing methods to support a green transition and help lessen the impact of climate change. Côte d'Ivoire announced the launch of a $500 million green fund to support its environmental goals, part of a broader effort to boost green financing. The country made...

High-speed internet plays an important role in creating opportunities in education, healthcare, business, and government services. It is essential in driving sustainable economic growth and improving quality of life. By expanding free Wi-Fi access to African communities, those in underserved areas can connect to digital resources. Liquid Intelligent Technologies, part of the Cassava Technologies...