New payment methods, incl. BNPL, in Africa set to continue with strong growth

The global daily value of mobile money transactions in 2022 surpassed forecasts to hit $3.45 trillion, according to a latest mobile money industry report, while in East Africa, the number of transactions grew by 18%. The report by Global Systems for Mobile Communications Association (GSMA) also shows that in 2022 the total value transacted on […]

Sahara: Washington Reaffirms Support to Morocco’s “Serious, Credible & Realistic” Autonomy Plan

U.S. Deputy Secretary of State Wendy Sherman has reaffirmed Washington’s supportive stand to the autonomy plan offered by Morocco for a lasting resolution to the Sahara regional conflict. “The United States continues to deem the Moroccan autonomy plan as serious, credible and realistic, and as an approach that can meet the aspirations of the people […]

Côte d’Ivoire gets €150 million AfDB loans to extend electricity grid

The African Development Bank (AfDB) has allocated Côte d’Ivoire two loans totaling €150 million to strengthen its electricity network. The first loan worth €100 million is for the construction of Atinkou’s combined cycle thermal power plant. The electricity generating unit with a capacity of 390 MW will be located in the locality of Taboth and […]