Bayobab and Africa50 has signed a partnership to develop Project East2West, a terrestrial fibre optic cable network connecting the eastern shores of Africa to those on the continent’s west. The partnership will invest up to US$320 million connecting ten African countries over the years 2023, 2024 and 2025. Bayobab is wholly owned by MTN Group….
MTN Global Sourcing and Supply Chain (GSSC) emerged as the standout winner, taking home five prestigious awards, including the coveted “Procurement Team of the Year – Large Organization” at the Chartered Institute of Procurement & Supply (CIPS) Awards ceremony which brought together procurement professionals from around the globe to celebrate their accomplishments. The awards won…
Sub-Saharan Africa has an especially urgent need to strengthen surgical care systems. Surgery has long been a neglected component of health care for people on the African continent, and equitable integration of surgical and anaesthetic care remains the key challenge to strengthening health systems and achieving universal health coverage in Africa. If we get this…
“Suji my son, you must follow me somewhere, I want to blow your mind and quadruple your vision”. This was a message I got from my royal father, the Ooni of Ife, HRH Adeyeye Enitan Ogunwusi, the Ojaja II. I had to leave everything I was doing and make my way to Ibeju lekki Free…
1. Over $4 billion worth of equipment currently sits on the site. 2.The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity. 3.The project site is larger than Victoria Island. It is located on 2135 hectares of land in Ibeju-Lekki, Lagos near the Lekki Free Zone…
As Africa seeks to propel its economic growth and tap into the vast potential of its energy sector, a significant shift is underway, moving investment trends from foreign aid to mutually beneficial commercial relationships with Europe. The upcoming Invest in African Energy Forum in Paris – taking place on June 1 and spearheaded by the…
When global oil prices reached a 15-year high in 2022, Libya, which holds 3% of the world’s hydrocarbon reserves and 39% of Africa’s, was unable to take advantage of the windfall. The reasons were purely political. Production was shut down for months beginning in April as oil became a pawn in the stalemate between…
The African Development Bank is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian National Investment Bank (BNI). As…
Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has welcomed into its fold Benin, Botswana, the Democratic Republic of Congo, and Somalia, in continuing to expand and diversify its membership and shareholder base. Memberships Accession to membership by Botswana and Somalia advances AFC’s mandate by conferring privileges and diplomatic immunities in line with the…
Islamic Corporation for the Development of the Private Sector (ICD) is launching a potential five-year Tenge sukuk to expand its operational assets in Kazakhstan and support local lending; this could be the first-ever tenge sukuk by a Development Financial Institution and will be an amortized Sukuk with all payments made in Tenge; the move supports…
