mobile money struggles to boost the revenues of telephone operators, unlike in Kenya

(Agence Ecofin) – Mobile money is historically seen as a growth niche for telecommunications operators in Africa. This reality, which is confirmed in East Africa, is still struggling to materialize for several WAEMU operators. In Côte d’Ivoire, revenues from mobile money services for mobile operators reached CFAF 7.2 billion ($11 million) during the second quarter … Read more

In sub-Saharan Africa, fintech fundraising jumped 894% in 2021, to $1.56 billion (Mastercard)

(Agence Ecofin) – While the Covid-19 pandemic has contributed to a significant improvement in the regulatory frameworks governing their activities, young shoots in African finance are increasingly attracting investors. Fundraising by fintech start-ups in sub-Saharan Africa reached $1.56 billion in 2021, up 894% from 2020, according to a published report on October 25 by payment … Read more

the preferred bidders for the concession of 3 of the 4 main airports are known

(Ecofin Agency) – The process of concessioning Nigeria’s international airports continues, a plan based on the diversification of the national economy with a view to reducing its dependence on oil revenues. The names of preferred and second-choice bidders for the concession of 3 of the 4 main Nigerian airports were unveiled on Wednesday October 26 … Read more

Twitter is testing an option to restrict who can mention you

(Agence Ecofin) – In its fight to protect its users against trolls and cyberbullying, Twitter has implemented several features to help Internet users feel safe on its platform. The next one being tested should still please a lot of people According to app options scout Jane Manchun Wong’s tweet, Twitter is developing a new option … Read more

An online training on investigative journalism in the service of the fight against corruption in Africa

(Ecofin Agency) – In Africa, corruption affects almost all countries. It is considered to be one of the main obstacles to development. As initiatives are launched to mitigate the phenomenon on the continent, an international academy is training journalists on how to deal with it. The International Anti-Corruption Academy, with the financial support of the … Read more

In the first half of 2022, private equity funds bet $4.7 billion on Africa in 338 transactions

(Agence Ecofin) – The substantial amount of capital put on stand-by during the Covid-19 pandemic as well as the new fundraising carried out in 2021 contributed to boosting investments during the first six months of the current year. Private equity funds across all categories (private equity, venture capital, private debt, infrastructure and real estate funds) … Read more

The stock exchange day: where is the oil price going?

The stock market day Where is the oil price going? 09/20/2022, 3:03 p.m Oil prices have moved little. A barrel of the North Sea variety Brent cost $92.36. That was 0.7 percent more than on Monday. The price of a barrel of the US West Texas Intermediate (WTI) rose 0.3 percent to $85.65. Oil prices … Read more

Like TikTok, YouTube wants to share its ad revenue with short-form content creators

(Agence Ecofin) – Facebook is not the only social network to suffer from competition from TikTok. The short formats of the Chinese social network attract an audience that YouTube has been trying to capture for several years with its “short” formats. From 2023, YouTube will share its advertising revenue with creators of short content, also … Read more

Sanu Gold takes majority stake in three gold projects in Guinea

(Ecofin Agency) – In 2021, Guinea’s industrial gold mines delivered 577,000 ounces compared to 439,000 ounces in 2019. An increase that should continue in the years to come, thanks to the multiplication of gold projects attracting foreign companies . In Guinea, Canadian mining junior Sanu Gold has officially acquired an initial 51% stake in the … Read more

South African group MTN explores the potential of e-commerce for African businesses

(Agence Ecofin) – MTN Group is exploring opportunities in e-commerce reserved for African companies. The South African group had already been one of the shareholders of Jumia, the best known of the continent’s e-commerce retail sites, during its development phase. South African mobile communications group MTN Group is exploring new opportunities in e-commerce, this time … Read more