MTN is the largest telecom operator in Rwanda’s mobile phone market, where it competes with Airtel. In the first nine months of 2023, the company generated revenue of RWF 188.4 billion. Mobile phone ...

With over 90% of businesses in Africa’s food sector being micro, small, or medium enterprises (MSMEs), the report highlights the need to promote economies of scale and shared production tools. This ...

West Africa is the leading region for powdered milk imports in Africa. While demand for dairy products is growing in the area, developing local dairy industries remains a significant challenge. In ...

Nigeria is facing economic challenges driven by inflation and the devaluation of its currency, the naira. Economic growth has struggled to keep up with a fast-growing population, which has deepened ...

Kenya’s digital landscape is poised for continued expansion, with a focus on improving digital access across both urban and rural regions. Addressing infrastructure constraints and maintaining ...

Private equity struggles persist as investors focus on smaller deals and debt financing, awaiting brighter prospects in Africa and beyond. Private equity in Africa has slowed down this year. According ...

To meet Africa's energy and climate goals by 2030, the IEA estimates that over $200 billion in yearly investments will be needed to address the continent's rising energy demands. The African Energy ...

(Ecofin Agency) - The global online gambling market has been expanding rapidly for several years, transforming gaming habits worldwide. Despite socio-economic challenges, Africa is a promising ground ...

The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power, Ethiopian Sugar Corp, and Ethiopia Railway ...

Even though venture capital investments have slowed in Africa, sectors like fintech and renewable energy continue to draw significant funding. However, the ecosystem remains largely male-dominated. In ...

The report emphasizes that gender equality is not just about fairness; it is also a crucial economic issue. If the gap between men and women were completely closed, the continent's GDP could increase ...

In Côte d'Ivoire, the middle class's taste for wine shows no signs of slowing down. In this West African nation, one of the continent's fastest-growing economies, demand for the beverage keeps rising ...