Tanzania’s digital finance boom: balancing inclusion and security

Africa’s fintech sector is thriving, with digital finance rapidly outpacing traditional banking. A new report from the European Investment Bank highlights how mobile networks are expanding financial services across the continent, improving access and driving economic growth. In Tanzania, technological advancements have significantly enhanced financial inclusion, but they also bring new security challenges as scams and fraud attempts rise. Journalist: Goodhope Amani

Publications

Economy 4 November 2022

Tears over the construction of the Abidjan underground

In Côte d'Ivoire, economic progress imposes heavy social and human sacrifices on the population. The construction site of the urban underground of Abidjan confronts the local residents with the demolition of their houses. Residents near the 43rd Infantry Battalion of the French Navy camp in the seaside town of Port-Bouët have been ordered to leave their homes without notice. More than 150 families out of the 13,000 affected by the project are concerned. Finding a home, educating their children... This hasty change of life now threatens their future.

Economy 2 November 2022

GIMAC card shakes up the digital banking market in Central Africa

Valentin Mbozo'o, Director General of the Groupement Interbancaire Monétique de l'Afrique Centrale (GIMAC), wants to bring digital into all African homes with simple and secure systems for money transfers and payment cards. In 2015, he launched the GIMAC interbank card with the Central Bank of Central African States (BEAC). This democratised the use of the bank card within the six member countries of this entity and has facilitated mobile transfers and transactions for its users. Today, in the Economic and Monetary Community of Central Africa (CEMAC), the GIMAC card is second only to the VISA card.

Economy 21 October 2022

Gabon, Julie’s Gabonese Chocolates success story

The chocolate confectionery industry represents a global market of almost 115 billion euros per year worldwide. For a long time, African cocoa-producing countries were satisfied with exporting beans and importing chocolate, thus hindering the development of local production. Julie Nyangui, a Gabonese entrepreneur, is fighting to achieve the best possible quality in making chocolate from local resources. Her goal is to produce 100% African chocolate.

Economy 8 September 2022

In Guinea, farmers complain about the lack of fertiliser

Guinean agriculture has been weakened by the Russian-Ukrainian conflict, which has made fertiliser a rare commodity. The price of fertiliser is rising considerably, compromising the supply of farmers. The situation threatens an economic sector vital for the employment of 80% of the population.

Economy 1 July 2022

Islamic finance supports weakened Nigerian SMEs

Nigeria has 40 million SMEs that employ 80% of the population and contribute to 50% of the country's growth. The Islamic Corporation for the Development of the Private Sector is the private sector subsidiary of the Islamic Development Bank, which implements a partnership strategy with local banks to enable SMEs to find suitable financing.

Economy 23 June 2022

AIPO contributes to the protection of African inventions

Created in 1963, the African Intellectual Property Organization guarantees the protection of patents, trademarks and fights against counterfeiting. AIPO contributes to the economic and social development of the continent.

Economy 21 June 2022

Special guest: Denis Bohoussou, Director General of AIPO

Denis Bohoussou, Director General of the African Intellectual Property Organization, talks about his mission within this institution. He contributes to the protection of the continent's inventions and wishes to have the copyright of African creators recognised and collected.

Economy 17 June 2022

Textile: Ghana’s resistance

Ghana, a country with a rich history of textile manufacturing, is now competing with second-hand clothing and imported textiles. Today, to stand out and keep the sector alive, the country's textile industry relies on tradition and 'Made in Ghana' products.

Economy 10 June 2022

Inflation challenges production and consumption patterns in the CAR

Le monde de la littérature et de la culture africaine se retrouve à Paris pour le premier salon consacré au livre africain. Un rendez-vous annuel à ne pas manquer.