South African authorities are working on several strategic measures to promote inclusive digital transformation and reduce inequalities. Authorities in South Africa are exploring ways to make smartphones more affordable for the population. The plan was revealed on Feb. 24 by Communications Minister Solly Malatsi during a meeting with the Global System for Mobile Communications Association...

The institution will highlight the attractive returns from its portfolio, which includes shares of listed companies and a diverse range of bonds. While some companies on the market are already well-known, BRVM leaders will need to address a few concerns. The Regional Stock Exchange (BRVM), which operates in the West African Economic and Monetary Union (WAEMU), is currently in London, UK, as part...

In Q4 2024, the non-oil sector accounted for 95.4% of Nigeria's GDP, with the services sector leading the way. Nigeria’s real GDP grew by 3.84% year-on-year in Q4 2024, up from 3.46% in Q4 2023, the National Bureau of Statistics (NBS) reported on February 25. The growth is largely attributed to the non-oil sector, particularly the services sector, which saw a growth of 5.37%,...

The opening of Abidjan’s second container terminal in November 2022 has significantly boosted container traffic, doubling volumes since then. This expansion keeps the port in the race for top performance in West Africa and on the continent. The port of Abidjan has seen a significant boost in activity, processing 1.6 million twenty-foot equivalent units (TEUs) in 2024, up from 840,926 TEUs in...

The report emphasizes that the relationship between conflict and climate change on the continent creates a complicated situation that worsens humanitarian crises and leads to widespread displacement. By 2050, around 113 million Africans may be forced to leave their homes and lands due to extreme weather events caused by climate change, according to a report released yesterday by the South...

Senegal plans to build a digital-first economy by 2034, integrating technology across all sectors. To bring this vision to life, a strategic roadmap has been designed with clear objectives and concrete actions. Senegal has launched an ambitious digital strategy called the “New Deal Technologique,” aiming to position the country as a regional and international tech hub by 2034. With a budget...

Afreximbank’s report suggests that Africa’s debt outlook should improve by 2028, driven by lower interest rates, progress in debt restructuring efforts across several countries, and a more favorable economic environment. Africa’s debt burden has surged over the years, with interest payments taking up a growing share of government revenues. In 2008, interest costs represented 6.8% of public...

Despite industry challenges, Lucara Diamond generated $172 million in revenue during 2023 through the sale of 379,287 carats, benefiting from the superior quality of its diamonds. Last year, Lucara Diamond earned $203.9 million from its Botswanese output. This is against $172.4 million in 2023, an 18% difference. Lucara’s performance contrasts with a steep decline in diamond...

In line with its ambition to boost the country’s annual copper output to 3 million tons by 2032, Zambia’s government bets on several projects, including one to expand the Lumwana mine. Barrick, the mine’s Canadian operator, recently said the expansion works should begin this year. On February 19, Barrick released a technical report detailing plans to expand the Lumwana copper mine. The...

Ivorian telecom operators are expected to provide nationwide coverage, yet some areas are still left out. The government is stepping up pressure to bridge the gap as it pushes forward with its digital transformation plans. Telecom operators Orange, MTN, and Moov Africa have committed to deploying around 240 small-scale radio sites across Côte d’Ivoire to improve nationwide network coverage....