Cairn Energy has entered into an agreement to sell to LUKOIL its entire 40 per cent interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore Contract Area, including the Sangomar development, offshore Senegal.
PJSC LUKOIL concluded an agreement with Cairn Energy to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash.
Universal Music Group (UMG), global music-based entertainment, has announced the further expansion of its Def Jam Africa division into three new markets within French-speaking Africa
The African Development Bank (AfDB) approved recommendations of the First Monitoring Report of the Independent Review Mechanism (IRM) on the Sendou Coal-Fired Power Plant Project in Senegal.
TGS announced the completion of its flagship Jaan 3D seismic survey covering the MSGBC Basin in NW Africa acquired in partnership with PGS and GeoPartners.
Oil and gas company FAR has not paid the most recent development cash call received by it and has accordingly received notification from the Operator of the RSSD Joint Venture that FAR Senegal is in default.
The President of Dangote Group said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries where the company has its operations.
From Sudan to Mali, Senegal to Mozambique, and Zambia to Mauritania, women are changing the face of agriculture, adapting and innovating to tackle the challenges of climate change, and feeding the continent’s growing population.
The Internet Society Foundation has launched a new grant programme that aims to expand economic growth, improve health outcomes, and increase educational opportunities.
DHL Global Forwarding, an international provider of air, ocean and road freight solutions, has strengthened its leadership teams in Burkina Faso, Cote d'Ivoire, Senegal and Morocco with new country manager appointments.
PetroNor announces that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence.
The World Bank approved a $150 million IDA credit to support Senegal in strengthening agricultural productivity and helping build resilient, climate-smart and competitive food systems.
Huawei Marine Networks (HMN) announced the kick-off of Senegal Horn of Africa Regional Express (SHARE) Cable, the first high-capacity direct link from the African continent to the offshore islands of Cape Verde.
Free, Senegal's second largest mobile network operator, has deployed mobiquity® Money to enhance its mobile money service 'Free Money' and deliver a world class digital payments experience to its customers.
Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.
The World Bank approved a $20 million credit from the International Development Association (IDA) to support Senegal in its response to the threat of the global COVID-19 pandemic.
EXIM approves $91.5 million in U.S. export financing for renewable energy rural electrification project in Senegal
The EXIM approved approximately $91.5 million in loan guarantee financing that supports U.S. exports of design engineering and construction services to the Republic of Senegal.
In Senegal, groundnut and maize are commonly contaminated with highly toxic, cancer-causing chemicals called aflatoxins, which are produced by fungi in the genus Aspergillus when they infect crops.
The World Bank Group approved an International Development Association (IDA) credit of $125 million to support Senegal in strengthening the solid waste management system and improving waste management services.
Parc Eolien Taiba N’Diaye (PETN), West Africa’s first utility-scale wind farm was officially inaugurated by the Senegalese Head of State, His Excellency Macky Sall.
Air Senegal, that has chosen London Stansted for its first ever UK service, will operate three flights a week starting on 26th June to the city made famous by the historic long-distance rally.
The United States Department of Agriculture’s (USDA) Food For Progress (FFPr) Regional Cashew Value Chain Project is implementing a $38 million, six-year project in The Gambia, Senegal, and Guinea-Bissau.
UPTIME awarded contract for BP’s Greater Tortue Ahmeyim LNG Hub Terminal offshore Mauritania, Senegal
UPTIME has been awarded a contract from Eiffage Génie Civil Marine for supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG Project offshore Mauritania and Senegal.
Online money transfer company WorldRemit has joined forces with Wizall Money to launch its first mobile money transfer service to Senegal.
President Macky Sall opened the Oil & Gas Council's 4th MSGBC Basin Summit & Exhibition in Dakar on Wednesday.
DPO Group, a payments technology company in Africa, has announced that it is now operating in Senegal, Côte d'Ivoire and the Democratic Republic of Congo in francophone Africa.
Australia's FAR has signed a binding Memorandum of Understanding with Glencore Energy (UK) for the full allocation of the Company’s share of crude oil from the Sangomar Field, offshore Senegal.
FAR has taken the Final Investment Decision and received final credit approvals for an underwritten $300 million senior secured reserve-based lending facility for the Sangomar Field Development offshore Senegal.
African tech startups this year tapped millions of dollars by taking part in and winning startup competitions - at least over $6million collectively, by Ventureburn’s calculations.
Telecommunication company Expresso has announced the launch of an online portal which will enable the Expresso subscribers in Senegal to buy and add the airtime and data bundles to their prepaid account digitally.
BP announced that its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the gas resource in the region.
An alliance of West African nations seeking to help small farmers cope with climate change are helping them adopt agricultural practices that are also attracting a growing share of investors.
In Sikilo village in southeastern Senegal, Gnilane Faye, beneficiary of the Food Security Support Project in the regions of Louga, Matam and Kaffrine stands proudly in front of her hen house.
The President of Senegal Macky Sall announced the cancellation of the Bargny coal-fired plant, in line with the country’s commitments under the Paris Agreement.
In the context of what PwC’s Africa oil & gas review 2019 describes as an exciting growth phase for the continent fuelled by large oil and gas discoveries and subsequent increased investor appetite, the MSGBC Basin shines through.
Pioneer Consulting and MainOne complete branch link on submarine cable network connecting West Africa and Europe
MainOne has announced the achievement of Provisional Acceptance for its latest submarine fiber optic cable network which links Senegal and Côte d'Ivoire to the trunk.
FAR Limited, as part of the Rufisque Sangomar and Sangomar Deep joint venture advises that the final Sangomar field development and exploitation plan was submitted to the Government of Senegal, in Dakar on 2 December 2019.
TGS is commencing a new seismic survey in the MSGBC Basin, offshore north-west Africa.
Air Senegal, the new national carrier of Senegal, has signed a Memorandum of Understanding (MoU) for eight A220-300 aircraft.
GC Rieber Shipping ASA reports to have had a fire onboard its managed vessel Polar Marquis, offshore Senegal yesterday Monday November 11th 2019.
The EXIM Bank approved a preliminary commitment of approximately $86 million to support U.S. exports of services, electrical and renewable-energy equipment in Senegal.
Orange is inaugurating its new concept of a place entirely dedicated to innovation, an “Orange Digital Center”.
Kosmos Energy announced that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area.
The OPEC Fund Director-General Dr Alkhalifa signed a public sector loan agreements totaling US$85m with beneficiary countries Benin, Liberia, Senegal and Sierra Leone.
VentureBuilder, which is focused on scaling African-owned and managed off-grid solar enterprises, has officially been launched.
Vivo Energy Senegal, the company that distributes and markets Shell fuels and lubricants, opened its new commercial space called Welcome Corniche, located in Dakar on the West Corniche.
During his visit to Senegal, the Member of the Commission in charge of International Cooperation and Development, Neven Mimica, signed cooperation programmes for a total of €27.5 million.
Kosmos Energy announced that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, targeting the inboard Mauritania/Senegal gas trend.
The Mastercard Foundation has announced Young Africa Works in Senegal, an initiative that aims to enable three million young people to access dignified and fulfilling work by 2030.
Vivo Energy Senegal, the company in charge of the marketing and distribution of Shell brand fuels and lubricants in Senegal, announces the launch of its latest generation of Shell FuelSave fuels.
About 150,000 rural young people in Senegal – 50 per cent of them women - will benefit from a new US$93.3 million project that aims to create income and decent sustainable jobs in agricultural, pastoral and fishery value chains.
MainOne has confirmed the scheduled landing of the MainOne submarine cable systems in Senegal and Cote d’Ivoire in September and October 2019 respectively.
Bayer creates EUR 20 million social innovation ecosystem fund to spur entrepreneurship for African smallholder farmers
The Bayer Foundation launched its new EUR 20 million Social Innovation ecosystem fund by awarding EUR 3 million to four pioneering social innovators - myAgro, Mercy Corps, Path and Living Goods.
The African Airlines Association (AFRAA) has this year welcomed four new member airlines in Kenya, Djibouti, Senegal and Uganda.
Uganda’s Dr. Emma Naluyima, a smallholder farmers and veterinarian and Baba Dioum a policy champion and agricultural entrepreneur from Senegal have been named the joint winners of the 2019 Africa Food Prize.
MainOne has confirmed the scheduled landing of the MainOne submarine cable systems in Senegal and Cote d’Ivoire in September and October 2019 respectively.
African Petroleum advises that Oslo Børs has confirmed that the Company will retain its listing on Oslo Axess following completion of the transaction.
[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya
Kenya has paid a heavy price in lives lost for its slow uptake of LPG as a cooking fuel.
Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves.
[Column] NJ Ayuk: Between extortion and the sanctity of Petroleum contracts in Nigeria, DRC and Senegal
Last week, a UK commercial court gave reason to a claim by engineering company P&ID, which demands over USD$9 billion from the Nigerian government over a failed gas deal.
Woodside Energy awarded Halliburton Company nine conditional1 contracts for drilling and completion services for SNE Field Development Phase 1 offshore Senegal.
Experts from IFDC, CORAF, and the private sector have come together in Dakar Senegal to develop an online tool to give localized seed and fertilizer recommendations.
After decades of struggles against a deficient power generation system, Senegal is now at the verge of a paradigmatic shift that could put many of its troubles to rest.
As gas-to-power is a major pillar of Senegal’s strategy to provide universal power access and increase economic competitiveness, the country aims to obtain sufficient energy sources while reducing the electricity shortage among its people.
[Senegal] GreeenTec Capital Partners signs deal with DER to tackle investment challenges for entrepreneurs
The Senegalese General Delegation for the Acceleration of Entrepreneurship for Women and Young People (DER),has signed a partnership agreement with GreenTec Capital Partners.
ENGIE and partners Meridiam and FONSIS have signed the EPC, Operation & Maintenance and Finance contracts for two solar PV projects of 60 MW.
International tax and legal company Andersen Global has entered into a partnership with Cabex, one of the oldest legal and tax consulting firms in Senegal.
Air Senegal has expanded its network with its new A319 from Dakar International Blaise Diagne Airport. It will offer six flights per week to Ouagadougou (Burkina Faso) and three weekly flights to Niamey.
Greater Tortue Ahmeyim-1 well expands natural gas resource potential offshore Mauritania and Senegal
Kosmos Energy announced that the GTA-1 well drilled on the eastern anticline within the unit development area of Greater Tortue, has encountered approximately 30 meters of net gas pay in high-quality Albian reservoir.
Workz Group, the mobile and IoT solutions provider has announced the opening of its office in Dakar, Senegal to serve the West African telecoms market.
Leading online money transfer service WorldRemit has joined forces with Orabank to enable instant money transfers to 10 new cash pickup locations in Senegal.
Greenpeace is calling on West African governments to immediately phase out the wasteful fishmeal and fish oil (FMFO) industry.
Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees potential for growth in Africa.
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa program.
Kenya has made major strides in trade facilitation since the implementation of the Single Window System commenced in 2012.
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.
Sonatel has announced that it has entered into an agreement for a 91.6 per cent acquisition of XOOM Wireless, which holds an Internet Service Provider (ISP) license in The Gambia.
The Agency for Universal Health Coverage in Senegal has unveiled a digital platform, the first of its kind in the continent that seeks to digitize payments across the medical value chain while boosting reach.
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.
PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company, has raised a US$25 million Series C funding round, taking its funding total to US$50 million.
Google has announced the 12 African startups that will take part in its third Launchpad Accelerator Africa programme
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.
Fabrice Nze-Bekale is an experienced investment banker with a working history in investment banking, telecoms and the mining & metals industries. He is currently the Managing Partner of the pan-African firm, ACT Afrique.
African Delivery Units Network launched to help governments accelerate delivery of priority projects
The African Delivery Units Network, a unique platform for government delivery units across the continent, has been launched in the Senegalese capital Dakar.
Afreximbank has signed a financing agreement with Securiport SUARL, Senegal, to provide Securiport with a $15-million term loan to upgrade Juba International Airport in South Sudan.
Over 43,700 vulnerable rural households in Senegal will benefit from a US$72.4 million programme that aims to improve food and nutrition security.
The World Bank Board of Directors has approved a $180 million International Development Association (IDA) credit to support Senegal’s efforts to enhance the policy and institutional framework.
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
Forty kilometers from the capital, Dakar, a new industrial park has opened.
The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a power plant in Malicounda, Senegal.
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
After making good progress on financial inclusion, Senegal has turned its attention to digitizing payments in order to speed up its growth and inclusive development.
The government of Senegal in collaboration with UNIDO have opened a new industrial park forty kilometers (24 miles) from Senegal's capital, Dakar.
TAB Finance, a new microfinance bank licensed by the Central Bank of the Republic of Guinea, has joined Oradian’s global community of financial institutions.
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors has approved the new five-year $550 million Senegal Power Compact.
A staff team from the International Monetary Fund (IMF), led by. Michel Lazare, visited Dakar between October 18-31, 2018 and engaged in discussions as part of the 2018 Article IV Consultation and the seventh review of the IMF’s Policy Support Instrument (PSI) approved in June 2015.
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.
Greenpeace Africa has released a new documentary on the numerous cases of small-scale fishermen who have lost their lives in Senegalese waters. Over the past 2 years, at least 226 fishermen have lost their lives at sea or have been declared missing.
The Government of Senegal and the United Nations Industrial Development Organization (UNIDO) completed a sensitization mission towards the development of an integrated agropole in the country’s rural centre.
American engineering and construction company KBR, Inc. has announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue field Hub on the maritime border between Senegal and Mauritania.