Ouattara Urges ECOWAS Nations to Push for Single Currency by …
1 day ago · Ouattara Urges ECOWAS Nations to Push for Single Currency by 2026. Monday, 14 October 2024 13:39. (Ecofin Agency) - ECOWAS countries had delayed the launch of their single currency to 2027, but with Nigeria, the region's biggest economy, starting to overcome its challenges, it is more important than ever for member states to come together and ...
MTN CI to Boost Internet Speed and Stability with 2Africa Cable
1 day ago · Monday, 14 October 2024 20:38. (Ecofin Agency) - MTN Côte d'Ivoire has announced that the 2Africa submarine fiber optic cable, managed by Meta, is coming soon to the country. On October 10, 2024, Djibril Ouattara, CEO of MTN Côte d'Ivoire, shared this exciting news with Kalil Konaté, Côte d'Ivoire's Minister of Digital Transition and ...
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L’agence Ecofin est une agence d’information économique africaine, créée en décembre 2010, basée à Yaoundé et à Genève. Elle rassemble une équipe de journalistes et d’experts, spécialisés dans les principaux secteurs africains de l’économie.
Intra-African Trade Share Up 1% in H1 2024, WTO Reports
4 days ago · The share of intra-African trade in Africa's overall trade rose from 11% to 12% in H1 2024, as reported by Nee Coleman, the WTO’s economic affairs officer. During the same period, the continent experienced a 5% drop in imports. While this rise in intra-African trade may seem small, it reflects the positive impact of ongoing efforts to enhance ...
European Carbon Tax Could Cost Africa $25 Billion Annually, …
5 days ago · Once the CBAM, adopted by the EU last year, becomes effective in 2026, it is estimated that Africa could lose around $25 billion annually, according to the African Climate Foundation (ACF) and the Firoz Lalji Institute. To counter the EU’s carbon tax, alongside APPO's call for a moratorium, some analysts suggest Africa could adopt carbon ...
African States Face Dilemma of Investing in Telecom Infrastructure …
4 days ago · The report explores the choice between public and private investment for developing quality telecom infrastructure in Africa. Private operators have shown reluctance to invest in less profitable areas, prompting some governments to step in, despite facing financial and technological constraints. The report advocates for public-private partnerships to combine resources and...
Africa needs $3trn to tackle climate change by 2030
Monday, 02 September 2024 19:00. (Ecofin Agency) - Africa needs to mobilize $3 trillion by 2030 to tackle the impacts of climate change. This urgent reminder was delivered by Josefa Correia Sacko, Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable Environment at the African Union Commission.
Africa's e-commerce revenue to hit $59.18bn by 2027, growing by …
Nov 3, 2023 · Despite many African e-commerce platforms struggling to attain profitability, the sector's outlook remains promising, driven by the digitalization of payments, the implementation of the African Continental Free Trade Area, and the advancement of deferred payment systems. The overall revenue of active e-commerce platforms in Africa is expected to reach $59.18...
South Korea Pledges $24bn in Funding to Africa by 2030
Jun 5, 2024 · South Korea will commit $24 billion in aid and investment support to Africa by 2030. The information was announced by South Korean President Yoon Suk Yeol on Tuesday, June 4, 2024, at the opening of the South Korea/Africa Summit. Seoul aims to strengthen its cooperation with the continent through this initiative.
COP28: $175M Pledged for African Green Infrastructure
Dec 3, 2023 · In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned...