Africa’s telecommunications sector booms amid COVID-19 [Business Africa]

– The telecoms sector in Africa is booming –

The telecoms sector in 2021 recorded huge revenues in Africa. MTN, Vodacom and Safaricom dominate the sector on the continent with huge revenues of up to US $ 6 billion. The reason the industry is doing so well despite the effects of Covid 19, the answer in this report.

– Nigeria launches its digital currency, “e-naira” –

In recent years, the Central Bank of Nigeria has expressed concern about the impact of cryptocurrencies on its economy, believing that they are used for money laundering and terrorist financing. As a result, the CBN launched its digital currency, the e-naira. This will make transactions easier, so that Nigerians will be able to download the e-naira app and fund their mobile wallets using their bank accounts.

– Kandadji dam project in Niger –

Located some 180 km upstream from Niamey, the Kandadji dam project on the Niger River dates back to the 1970s. The project was postponed several times, first to 2016 and then to 2023, but the date of impoundment is now set for 2025. This billion dollar structure with a dam 28 meters high and 8.5 kilometers long will have a holding capacity of 1.5 billion cubic meters. This dam could be the solution to food insecurity in Niger.

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