tagresults
Afreximbank, Cote d’Ivoire sign agreement for industrial park development
The drive for Africa’s industrialisation received a major boost on Friday with the signing of the development agreement for Industrial Park PK 24 in Abidjan by the government of Cote d’Ivoire and the African Export-Import Bank.
Côte d'Ivoire committed to mobilize financial resources to support PCP programming
The Director General of UNIDO and the Minister for Trade and Industry of Côte d'Ivoire exchanged letters on the commitment to mobilize a financial contribution of € 120,000 to support the programming phase of PCP for the country.
MTN appoints Djibril Ouattara CEO of Côte d'Ivoire
MTN Group has appointed Djibril Ouattara to the position of MTN Côte d'Ivoire CEO, effective 1 November 2019. The appointment follows the departure of former CEO, Freddy Tchala in September.
Rwanda’s Clarisse and Patricia from Côte d'Ivoire named among world seven top advocates for women in tech, e-commerce
The tech and e-commerce industry remains a male-dominated playing field globally, but a surge in women demanding a seat at the table – and delivering the goods online – means that this could change.
MainOne lands submarine cable in Cote D’Ivoire
MainOne has finally landed its submarine cable in Grand Bassam, Cote D’Iviore, which is the final leg of the ongoing expansion to reach Senegal and Cote D’Ivoire.
Côte d'Ivoire and Kenya named rising stars of global trade
Côte d'Ivoire is the market that has most rapidly improved its trade growth potential over the past decade, according to new research from Standard Chartered (SC.com).
Kenya, Ivory Coast named rising stars of global trade
Ivory Coast tops the list as Kenya comes 3rd in the 2019 Standard Chartered Bank Trade20 Index as markets with the greatest potential for future trade growth.
Ghana Cocoa Board seals deal on USD1.3 billion cocoa syndicated loan agreement
The Ghana Cocoa Board (COCOBOD) has completed a USD 1.3 billion cocoa syndicated loan agreement for the purchase of cocoa beans from local farmers during the 2019/2020 crop season.
MainOne Cable System to connect Senegal and Cote d’Ivoire
MainOne has confirmed the scheduled landing of the MainOne submarine cable systems in Senegal and Cote d’Ivoire in September and October 2019 respectively.
MTN Group announces leadership changes
MTN Group has announced that current MTN Zambia CEO, Philip van Dalsen will be leaving MTN at the end of September. Philip joined MTN in 2012 as CEO of MTN Cyprus.
Grow Africa signs first set of term sheets worth over $200 million
Grow Africa has announced the signing of 7 term sheets that will result in a total of over $200,000,000 of new investment in Malawi, Uganda, Eswatini, Nigeria and Côte d’Ivoire by 2023.
AgDevCo makes first investment in Cote d'Ivoire with DekelOil
AgDevCo has announced a €8.7 million investment into the DekelOil group, an agribusiness operating in the palm oil and cashew sectors in West Africa.
Millennium Challenge Corporation, Bechtel and Côte d'Ivoire Government launch partnership on infrastructure planning
The U.S. Government's Millennium Challenge Corporation (MCC) ha announced partnership with Bechtel Infrastructure Corporation and Côte d'Ivoire Government, focusing on national infrastructure master planning.
[Ivory Coast] IFC coordinates € 264 million financing for expansion of Azito power plant
IFC, Globeleq Africa Holdings and Industrial Promotion Services West Africa have committed the necessary funds for the development of the Azito thermal power station (called "Azito Phase 4") in Côte d'Ivoire.
Paradise Game opens largest video game, e-learning and ed tech center in West Africa
Paradise Game Center officially has officially opened its doors and is now home to the largest video game venue of West Africa.
[Côte d’Ivoire] Economic outlook, why its time to produce Cocoa inclusively and responsibly, World Bank
The World Bank ninth economic update for Côte d’Ivoire confirms the positive trends noted in the past year but qualifies this assessment because of several risk factors, in particular the uncertainty linked to the 2020 presidential elections.
[Ghana] Energy Minister cuts sod for GOIL, SMB Joint Venture project commencement
Ghana Energy minister, Mr. John Peter Amewu, has cut the sod for the commencement of work on the Bitumen plant in Tema.
[Côte d’Ivoire] World Bank approves $150m financing to improve water supply, sanitation
The World Bank Board of Executive Directors approved $150 million in additional financing for the water and sanitation sector in Côte d’Ivoire.
[Column] Tamer Farouk: Combining I.T and business to deliver digital transformation in Côte d'ivoire
As you know, the culinary world is currently experiencing an explosion of fusion cuisine with chefs mixing diverse culinary styles and cultures. to create gastronomic delights previously unimaginable.
Vodacom sells its enterprise focused operations in Nigeria, Zambia and Cote d’Ivoire to Synergy Communications
Vodacom Group has announced that it has entered into an agreement with Synergy Communications, who will acquire 100% of Vodacom Business Africa’s (VBA) operations in Nigeria, Zambia and Cote d’Ivoire.
Nestlé and AGRA partner to Support 2,000 agriculture entrepreneurs in Nigeria, Ghana, Côte d’Ivoire
Nestlé Central and West Africa and the Alliance for a Green Revolution in Africa have launched a joint initiative for farmer livelihoods and youth opportunities in agri-food businesses in Ghana, Côte d’Ivoire and Nigeria.
Eni signs contracts for two exploration blocks offshore Côte d'Ivoire
Eni has signed the contracts for two new exploration blocks in the eastern part of the sedimentary basin offshore Ivory Coast.
Distributed Power Africa partners with EDF to deploy hybrid energy in Africa
Distributed Power Africa, a subsidiary of Econet Wireless Global, and EDF, a world leading electricity company, have partnered to jointly develop Commercial and Industrial, and hybrid energy solutions to the African market.
[Côte d'Ivoire] Société Ivoirienne de Télédiffusion partners with SES for major digital switch
Ivory Coast’s public broadcasting company, the Société Ivoirienne de Télédiffusion has selected SES as its digital partner in a major move to meet the country’s 2020 deadline for switching over from analogue to digital broadcasting.
Mohammed Ahmed appointed Managing Director of APM Terminals Nigeria
Mohammed Ahmed has been appointed as the new Managing Director of APM Terminals Nigeria.
Côte d’Ivoire government seeks AfDB’s support for $5.8 billion tourism plan
Ivorian Minister of Tourism Siandou Fofana has presented a strategy document aimed at making Côte d'Ivoire Africa's fifth biggest tourism destination from 2025 to the African Development Bank.
[Sierra Leone] NATCOM signs free roaming agreement with Guinea, Liberia and Côte d'Ivoire
Sierra Leone National Telecommunications Commission (NATCOM) has signed an MOU with telecom regulatory heads from Liberia, Guinea and Ivory Coast to implement the One Area Network work initiative.
IFC partners with AMEA to professionalize farmer organizations in Côte d’Ivoire
IFC has announced its support for the launch of the Côte d’Ivoire chapter of the Global Agribusiness Market Ecosystem Alliance (AMEA).
UNDP, Sahara Group collaborate to promote renewable energy in Africa
The Sahara Group and UNDP are joining forces to promote reliable access to affordable and sustainable energy across Africa.
Mobile industry in Côte d’Ivoire joins forces with GSMA to tackle handset theft
The GSMA has announced that Côte d'Ivoire’s mobile industry has come together to support a major new initiative to guard against the use of stolen devices.
GE signs agreements to boost energy access in Benin and Cote d’Ivoire
GE Renewable Energy’s Grid Solutions business has signed two deals to build energy systems in Benin and upgrade three substations in Cote d’Ivoire.
African Development Bank and Microsoft launch all-female coding training in five African countries
One hundred and sixty young women have begun a month-long coding class on two Nigerian campuses under a new programme to give African youth digital skills for the work force.
Hershey unveils plans to restore forest cover in cocoa growing regions of West Africa
Global chocolate manufacturer The Hershey Company has announced plans to protect forests and restore forest cover in the cocoa growing regions in West Africa.
Orange launches $US 20 phone targeting 16 African countries
Orange has partnered with KaiOS Technologies and UNISOC to launch Sanza, a $US 20 phone with voice recognition in 16 countries in Africa and the Middle-East.
[Côte d'Ivoire] IFC develops guide to increase market access for processed cashew nuts
IFC, in partnership with the Government of Côte d'Ivoire and Canada, and the Cotton and Cashew Council announced the publication of a guide to improve market access for SMEs in the cashew processing sector in Côte d'Ivoire.
Roxgold to acquire the Séguéla Gold Project in Côte d'Ivoire
Gold mining company Roxgold Inc. has entered into an agreement with Newcrest West Africa Holdings Pty Ltd to acquire a portfolio of 11 exploration permits in Côte d'Ivoire.
[Cote d'Ivoire] Digital Afrique Telecom launches smart card, ticketing system for efficient transportation
Digital Afrique Telecom has announced the successful launch of a Smart Card and Ticketing system to enable Ivorian public transport users to board over 700 buses everyday through contactless cards.
World Bank Group and Germany launch collaboration on Africa development projects
The World Bank Group and the German Federal Ministry for Economic Cooperation and Development (BMZ) have announced a deeper partnership for economic development in six countries in Africa.
[Ivory Coast] AFC closes funding for hydroelectric bridge
Africa Finance Corporation (AFC) announced it has closed a bridge loan deal for the construction of the Singrobo-Ahouaty hydroelectric dam (SAHP) between Abidjan and the capital, Yamoussoukro.
African Trade Insurance Agency, AFC support a €577 million debt financing facility for West Africa’s largest oil refinery
Côte d’Ivoire’s economy is one of the strongest in sub-Saharan Africa with an anticipated 2018 GDP growth of 7.6 per cent.
[Côte d'Ivoire] AFC invests €174 million in Singrobo-Ahouaty hydroelectric power project
Africa Finance Corporation has announced financial close for the construction of the 44-MW Singrobo-Ahouaty hydroelectric power project and associated infrastructure.
Vivo Energy strengthens Côte d'Ivoire presence in with new station
Vivo Energy Côte d'Ivoire is strengthening its presence in the Ivorian market with the opening of a new Shell service station in the Municipality of Taabo.
Konnect Africa launches broadband internet in Côte d'Ivoire
Konnect Africa, an initiative of the satellite operator Eutelsat dedicated to satellite broadband on the African continent, has launched Internet access offers in Côte d'Ivoire.
Vivo Energy Côte d'Ivoire strengthens its presence in the Ivorian market
Vivo Energy Côte d'Ivoire has reinforced its presence in the Ivorian market with the opening of a new Shell station in TAABO.
Vivo Energy Ghana appoints Ben Hassan Ouattara as new MD
Vivo Energy Ghana, the marketers and distributors of Shell branded products and services has appointed Mr. Ben Hassan Ouattara as the new Managing Director (MD), effective 1st January, 2019.
[Ivory Coast] AFC closes €577m syndicated debt facility to Société Ivoirienne de Raffinage
Africa Finance Corporation, has announced that in its role as Sole Mandated Lead Arranger it has successfully closed a €577 million debt financing for Société Ivoirienne de Raffinage of Côte d'Ivoire.
ENGIE to fuel first buses with compressed natural gas in Cote d’Ivoire
Cote d’Ivoire has unveiled a fleet of buses commissioned by the Société des Transports Abidjanais (SOTRA), supplied by IVECO and fuelled by compressed natural gas. ENGIE.
AfDB and Entreprenarium launch master classes for 200 women entrepreneurs
The African Development Bank, as part of its Initiative to Support Access to Women in Africa (AFAWA), in partnership with Entreprenarium, has launched training sessions for 200 women entrepreneurs.
[Ivory Coast] Janngo launches Jexport to accelerate SMEs access to regional, international market
Janngo has launched in Ivory Coast its first online platform www.Jexport.ci, bridging access to market and competitiveness gaps.
[Ivory Coast] Vantage Capital provides €19m mezzanine facility to Pétro Ivoire
Vantage Capital, Africa’s largest mezzanine fund manager, has announced that it has provided €19 million of mezzanine funding to Pétro Ivoire, a leading distributor of oil & gas products in Côte d’Ivoire.
[Kenya] ICIPE to manage regional doctoral training, research and innovation fund
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
Andersen Global expands presence in Africa, collaborates with Ivorian firm
Andersen Global has announced a collaboration agreement with Mondon Conseil International, a Western African tax consulting, legal, accounting and financial advisory services firm based in Ivory Coast.
AfDB partners with Entreprenarium to build capacity of 1,000 women entrepreneurs in Africa
The African Development Bank (AfDB), as part of its African Women's Access to Finance Initiative (AFAWA), is partnering with Entreprenarium to build the capacity of 1,000 women entrepreneurs on the continent.
Satellite TV remains the dominant technology in Ivory Coast, Nigeria and Cameroon, study
A far-reaching in-depth study, led by Nielsen, of television reception throughout Nigeria, Cameroon and Ivory Coast, has positioned Eutelsat as satellite market leader within these countries.
Radisson RED to debut in Abidjan, Ivory Coast
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, has announced the signing of Radisson RED Hotel Abidjan Plateau, Ivory Coast.
East Africa economy best performing in the continent, ICAEW report
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
MainOne picks TE SubCom to extend cable system to francophone region
TE SubCom, a TE Connectivity Ltd company and an industry pioneer in undersea communications technology has secured a contract from connectivity and data center solutions provider, MainOne.
Orange invests in MainOne’s West Africa submarine cable system
Telecommunication company Orange and MainOne Cable Company have signed an agreement allowing for a major investment by Orange in the West Africa submarine cable system, MainOne.
African Court on Human & Peoples' Rights President & VP get re-elected
The President and the Vice President of the African Court on Human and Peoples’ Rights, Hon Justice Sylvain Oré from Côte d’Ivoire and Hon Justice Ben Kioko from Kenya respectively, have been re-elected for the second and final term of two years to lead the Bureau.
Nigeria, SA and Ivory Coast are Africa's highest reading populations
Opera and Worldreader, the global nonprofit that believes everyone can be a reader, announced on the International Literacy Day that African mobile users have spent more than 4 millions hours of reading books on their mobile phones in 2018.
MainOne expands operations to Cote D’Ivoire, unveils $20m investment
MainOne has reiterated its commitment to leading the digital transformation efforts of the Francophone region with an initial investment of $20m on cable landing and data centre projects in Cote D’Ivoire within the next 24 months.
OFID signs deal with Malawi and Côte d’Ivoire to boost food security
OFID, the OPEC Fund for International Development, has signed public sector loan agreements with Côte d’Ivoire and Malawi to help boost socio-economic development and living standards.
Côte d'Ivoire and Burkina Faso agree supply of petroleum products
The General managers of SITARAIL, Quentin Gerard, the Ivorian Refining Company, Thomas Camara and the Burkinabe National Hydrocarbons Company, Hilaire Kabore, have signed an agreement to develop the supply and transport of petroleum products.
Radisson Hospitality signs new Radisson Hotel in Abidjan, Ivory Coast
Radisson Hospitality is proud to announce the signing of a new Radisson hotel in Abidjan, Ivory Coast. The Radisson Hotel & Apartments Abidjan Plateau signing brings the group’s Africa portfolio to 86 hotels and almost 18,000 rooms in operation and under development.
Côte d’Ivoire to ratify Minamata Convention, ban lead in paints
Strong indication that Côte d’Ivoire will soon join the committee of nations that had ratified the Minamata Convention on Mercury, the global Convention that seeks to prevent human and physical environment from mercury pollution has emerged.
Western Union opens office in Ivory Coast
Western Union, a leader in global cross-border, cross-currency money movement, announced today the opening of an office in Ivory Coast.
[Côte d’Ivoire] IFC and government release renewable energy targets
IFC, a member of the World Bank Group, and Côte d’Ivoire’s Ministry of Petroleum, Energy, and Renewable Energy Development have released a roadmap study that outlines pathways for achieving the country’s Nationally Determined Contribution.
AIIM acquires 50% stake in airport holding company, SEGAP
African Infrastructure Investment Managers today announces its acquisition of a 50% stake in Société d’Exploitation et de Gestion Aéroportuaires, a holding company with an established portfolio of airport investments across West and Central Africa.
Kenya risk reward score among the highest in Sub Saharan Africa, index
Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics.
Launch of Coris Bank deepens Islamic banking in Africa
Islamic banking is gaining a strong footing in African region with the launching Islamic banking windows of Coris Bank International in Mali, Senegal, Benin and Côte d’Ivoire.
Ethiopian Airlines and Air Côte d'Ivoire enter codeshare agreement on routes between West Africa and USA
Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline and Air Côte d'Ivoire, the national flag carrier of Côte d'Ivoire, have entered into a codeshare agreement effective May, 2018.
Growing industrial sector to drive Côte d'Ivoire uninterruptible power supply systems market by 2024, 6Wresearch
Construction of new industrial zones in cities such as Bonoua, Abidjan, Yamoussoukro, Bouake, Man, and San Pedro coupled with infrastructural development activities would fuel the growth Côte d'Ivoire UPS systems market over the coming years.
Ecobank re appoints Deloitte and Grant Thorton as auditors, announces appointment of new directors
Ecobank Transnational Incorporated the mother company of the Ecobank Group has announced a raft of decisions to guide the company during the shareholders 30th annual general meeting in Lomé, Togo.
MainOne’s West Africa expansion gets boost with Cote d’Ivoire license
As part of its West Africa expansion, connectivity and data centre solutions operator MainOne has secured a license to expand national and international connectivity services in Cote d’Ivoire.
Sama Resources and High Power Exploration to develop Côte d’Ivoire nickel-copper and cobalt project
Canadian-based base mineral exploration and development company Sama Resources Inc. has closed its private placement with HPX Ivory Coast Holdings Inc., after receiving the required regulatory and shareholder approvals.
Orange extends its solar energy services to five African countries
Telecommunication company Orange has expressed its desire to become a key player in the energy transition sector in Africa, by providing services directly to the general public or as a wholesaler to public operators.
Morocco ranks top investment destination in Africa for 2017, followed by Egypt, Algeria, Botswana, Cote d’Ivoire - Quantum research
Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab.
Standard Chartered Bank launches its first African digital Bank in Côte d’Ivoire
Standard Chartered Bank has announced the official launch of its digital bank in Côte d’Ivoire. This marks the Bank’s first digital bank in Africa and the first-of-its-kind to open in Côte d’Ivoire.
Nokia and Orange roll out 4G LTE in seven African countries in largest operation of its kind
Nokia and Orange Middle East & Africa are rolling out a Nokia single radio access network and network management technology across seven African countries in a three-year modernization project to prepare for the launch of 4G services.
IFC and Côte d’Ivoire lead public-private dialogue on opportunities to reduce energy gap with renewables
IFC, a member of the World Bank Group, and Côte d’Ivoire’s Ministry of Oil, Energy and Renewable Energy Development of Côte d’Ivoire have partnered to bring together public and private sector executives in dialogue.
OFID signs loan agreements to boost socioeconomic development in Côte d’Ivoire and Djibouti
The Director-General of OFID, The OPEC Fund for International Development, Suleiman J Al-Herbish has signed loan agreements totaling $25 million with partner countries Djibouti and Côte d’Ivoire.
World Bank calls for skilled labour force and connectivity needed to modernize Côte d’Ivoire economy
With a GDP growth rate projected to reach 7 percent in 2018 and 2019, Côte d’Ivoire continues to be one of the most dynamic economies in Africa.
[Burkina Faso] African Legal Support Facility trains WAEMU members in oil exploration and opportunities
The African Legal Support Facility (ALSF) organized two workshops in Ouagadougou, Burkina Faso, on best practices for managing oil and mining exploration and exploitation contracts.
Orange, Gavi and Côte d’Ivoire Ministry of Health join forces to boost child immunisation
Orange and Gavi, the Vaccine Alliance, will enter into a partnership with the Côte d'Ivoire Ministry of Health to increase immunisation rates in the regions and districts with the lowest vaccine coverage.
World Bank gives Cote d’Ivoire push to increase coverage of early childhood nutrition
The World Bank has approved a total amount of $60.4 million in the form of a credit from the International Development Association, and a grant from the Power of Nutrition Trust Fund ($10.4 million), to support the government of Cote d’Ivoire.
[Côte d’Ivoire] Didier Drogba Foundation opens its first school, with support of Nestle and International Cocoa Initiative
350 children can now have access to quality education in the rural cocoa growing community, thus decreasing the risk of them engaging in child labour on cocoa farms.
Cote d’Ivoire unveils mobile money tax
A new tax of 0.5 percent has been introduced on money transfers made through telephone companies in Cote d’Ivoire or their intermediaries, and relates particularly to remittances, according to the 2018 Tax Schedule.
Acquisition of Afric Power and Tieri gives ENGIE strong local presence to accelerate its expansion in energy services in West and Central Africa
ENGIE has signed an agreement to acquire two companies specialising in energy services in West Africa.
Bollore Logistics picked by Burger King to manage its supply chain in Ivory Coast
American fast food chain Burger King launched its activity in Ivory Coast in 2015 by opening its first restaurant in Marcory, a district in the city of Abidjan.
[Côte d'Ivoire] M6 Group acquires 33 per cent stake in in Life TV in deal to open broadcast market to foreign entities
M6 Group has announced that it is participating in the creation of the Life TV channel in the Ivory Coast through the acquisition of a 33% stake in the share capital of the Ivorian company of the same name.
Top five business risks for West Africa in 2018 - Control Risks report
As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region.
[Côte d'Ivoire] Globeleq's Azito power plant upgrade to boost capacity stabilizing supply
Globeleq, a power producer focused on Africa, says its majority owned subsidiary, Azito Energie and the Government of Côte d'Ivoire have signed an agreement to enable implementation of technical improvements to its Azito combined cycle power plant .
Côte d’Ivoire’s renewable energy project receives €50m financing support from African Development Bank
Côte d’Ivoire will boost its electricity production through a 44-megawatt hydroelectric power project supported with a €50 million African Development Bank financing loan, approved on Wednesday, 6 September 2017 in Abidjan.
Citi Foundation and Technoserve unveil three projects to support young African entrepreneurs
The Citi Foundation and the international nonprofit organization TechnoServe have unveiled three new projects to support young entrepreneurs and workers in Africa through the Citi Foundation’s Pathways to Progress initiative.
BIOCAD launches plant in Morocco, eyes Senegal, Gabon and Côte d’Ivoire
Russian biotechnology company BIOCAD and Moroccan pharmaceutical company Sothema Labs have announced the launch of medicines derived using the technology provided by the Russian manufacturer into the North African market.
Tullow Oil secures $2.5b debt refinancing
Tullow Oil is pleased to announce that it has completed the refinancing of US$2.5 billion of Reserves Based Lending credit facilities.
GE’s hardware and digital upgrades increase output at Azito Power Plant in Ivory Coast
To improve performance and visibility into plant and turbine operations, GE’s Power Services business has signed an agreement with Azito Energie S.A. to upgrade two gas turbines at the company’s combined-cycle power plant.
Lumos launches nationwide solar electricity service in Côte d'Ivoire
The Lumos Mobile Electricity Service aims to bring power to millions of people who do not currently have access to an affordable, reliable or clean energy supply.
AfDB approves €98m loans and €17m partial risk guarantee for Air Côte d’Ivoire program to boost regional aviation industry
The AfDB Group's Board of Directors has approved a total AfDB loan of €98.06 million to finance a program of the regional airline, Air Côte d’Ivoire (ACI) to modernize and expand its operations.
U.S. and Côte d’Ivoire sign $525 million compact to spur economic development
The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of the Republic of Côte d’Ivoire have signed a five-year, $524.7 million compact to spur economic growth and reduce poverty in Côte d’Ivoire.
platforms
