PGS has secured solid industry pre-funding for a MultiClient survey in West Africa. The Ramform Atlas is scheduled to mobilize for the survey late October and acquisition is expected to complete early January.
SociumJob. lève des fonds auprès d’investisseurs pour accélérer son déploiement en Afrique francophone
SociumJob. lève 1 million d'euros pour accélérer son déploiement en Afrique francophone et permettre aux entreprises opérant sur le continent de recruter les meilleurs talents.
Julaya, a fintech stratup based in Côte d’Ivoire, Senegal and France, announced it has raised $5 million extension round led by European venture capital fund Speedinvest to expand its operations in West Africa.
Le 132ème Conseil d’Administration de la BOAD autorise de nouveaux engagements pour 349,5 milliards FCFA.
Le Conseil d’Administration de la Banque Ouest Africaine de Développement (BOAD) s’est réuni en présentiel à Cotonou au Bénin pour sa 132ème session ordinaire, sous la présidence de Monsieur Serge EKUE, Président du Conseil d’Administration, Président de la BOAD.
A gas pipeline megaproject Memorandum of Understanding (Mou) has been signed between ECOWAS, Nigeria and the Kingdom of Morocco.
The agreement is set to reinforce European energy security and assist with the sustainable development of West African countries.
Le thème du forum « Science, technologie et innovation pour une CEDEAO plus compétitive », a été adopté au regard des nombreux défis qui se posent à l’économie mondiale, au moment où les Etats membres de la CEDEAO œuvrent à la création d’une sous-région intégrée et plus compétitive.
La BOAD et la JBIC renouvellent leur protocole d’accord pour la promotion de projets en Afrique de l'Ouest
Banque Ouest Africaine de Développement (BOAD) et lJapan Bank for International Cooperation (JBIC) ont signé un protocole d’accord pour la promotion de la durabilité environnementale et sociale dans les pays de l’UEMOA et le soutien des projets de développement dans lesquels les entreprises japonaises sont directement ou indirectement impliquées dans la zone.
UTM Offshore Limited (UTM) signs MoU to raise $2 billion for the floating liquefied natural gas plant
UTM Group of Companies signed the MoU for the development of the first Floating LNG production plant with Afreximbank, raised an initial sum of $2 billion for the first phase, with a commitment for $3 billion in the second phase.
The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA), whose mandate is to drive impactful foreign direct investment to developing countries, issued $4.93 billion in new guarantees in fiscal year 2022 across a record 54 projects.
IFC announced an investment in Uhuru Growth Fund I, a middle-market private equity firm in West Africa that will provide growth capital to the region's small and medium-sized enterprises (SMEs), including women-led businesses.
Marie-Laure Akin-Olugbade as Acting Vice President for Regional Development, Integration and Service Delivery
The African Development Bank has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, with effect from 1st August 2022.
Additional 2 million people will benefit from a second phase of the West Africa regional Food Systems Resilience Program (FSRP-2) approved for a total amount of $315 million in International Development Association (IDA) financing.
Un montant de 19 millions d'euros permettra à Coris Bank International Côte d’Ivoire de renforcer son activité de financement des importations en Côte d’Ivoire, essentielles au fonctionnement de l’économie ivoirienne.
Outsource Monetic Group, an American and Senegalese fintech based in Atlanta, GA, announced the closing of a pre-seed fundraising round with 500 Global, a startup accelerator company based in San Francisco, USA
Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announced a €8 million Series A funding to accelerate its geographical footprint across the continent.
The United Nations World Food Programme (WFP) is partnering with global corporations to build a world-class Transport Training Centre in Accra, Ghana, aimed at enhancing transport and logistics capacities across West Africa.
West African oil and gas service company, Coleman Technical Industries Limited (CTIL) has opened its multi-billion-dollar fibre optic cable manufacturing factory, hoping to take advantage of the African Continental Free Trade Area (AfCFTA) to play big in the African market.
La Banque Ouest-Africaine de Développement et PUTTRU Technologies s’associent pour faciliter, ainsi que stimuler le mouvement de fonds destinés aux entreprises du secteur de l’énergie opérant au sein des pays membres de l’Union Economique et Monétaire Ouest-Africaine (UEMOA).
Moody’s confirme la notation de crédit de la BOAD à Baa1 et révise sa perspective de négative à stable
L’agence internationale de notation Moody’s a confirmé la notation de crédit de la Banque Ouest Africaine de Développement (BOAD) à Baa1, et amélioré sa perspective de négative à stable, concluant ainsi la période de revue pour dégradation initiée le 18 mars 2022.
Afin de soutenir le développement des services financiers numériques en Afrique de l'Ouest, IFC a annoncé la signature d'un partenariat avec Orange Bank Africa (OBA) visant à améliorer l'accès au financement des agents et commerçants opérant dans l'écosystème du mobile money.
To support the growth of digital finance services in West Africa, IFC announced a partnership with Orange Bank Africa (OBA) to increase access to finance for agents and merchants operating in the mobile money ecosystem.
Decom Engineering (Decom) has secured two contracts worth more than £300,000 in the North Sea and offshore West Africa, further strengthening its reputation as a leader in decommissioning services.
Meta lance sa Bande Dessinée et sa Campagne Educative #NoFalseNewsZone à travers l'Afrique Francophone
Suite au lancement et au déploiement réussi au Nigéria et au Ghana, Meta (ex Facebook) a lancé son édition spéciale francophone de sa bande dessinée #NoFalseNewsZone au Sénégal.
Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed a financing agreement with the ECOWAS Bank for Investment and Development (EBID), to boost Emirati exports in the African market.
In partnership with PetroCi and Direction Générale des Hydrocarbures, PGS has expanded the Côte d’Ivoire MegaSurvey, bringing the total coverage to 33 941 sq. km of 3D and 31 743 line-km of 2D.
The TAFS-WCA is an initiative of CGIAR, a global research partnership for a food-secure future dedicated to reducing poverty, enhancing food and nutrition security, and improving natural resources.
PGS announced it has been awarded a significant acquisition contract consisting of several 4D surveys, by an international oil company offshore West Africa. Acquisition is scheduled to start early November 2022 and expected to complete early May 2023.
AWIEF and the AFAWA the African Development Bank Group (AfDB) have joined forces to drive increased access to finance and markets for women-owned and women-led small and medium enterprises (WSMEs) across Southern, East and West Africa.
Afin de renforcer la disponibilité du financement du commerce en Guinée et au Burkina Faso et de soutenir ainsi les importations de biens essentiels dans ces deux pays, IFC a annoncé un partenariat avec Vista Bank, qui propose une large gamme de services financiers à ses clients en Afrique de l'Ouest.
To increase the availability of trade finance in Guinea and Burkina Faso and support imports of essential goods into the countries, IFC announced a partnership with Vista Bank, which serves clients across West Africa with a wide range of financial services.
Africa Data Centres multiplie les investissements pour son expansion africaine alors que la demande en centres de données continue de croître sur le continent. En Afrique de l’Ouest, la société a des installations au Togo et au Nigeria
Africa Data Centres, part of the Cassava Technologies Group, a pan-African technology group, announced it is building a 30MW data centre facility in Accra, Ghana.
Constant Ventures is raising a $100 million venture capital fund to invest across a range of technology startups with a focus on financial inclusion, education and healthcare. Investee companies will initially be located across Nigeria and Ghana.
Azentio Software is pleased to announce that it has delivered a swift launch of its iMAL™ platform at APS Islamic Microfinance Co. Ltd, a subsidiary of APS International, the leading international money transfer service provider in The Gambia.
Global energy and commodity reporting agency, Argus, has introduced daily export-parity prices for LPG shipped from west Africa.
As part of the second phase of the AfCFTA negotiations, a draft Protocol on Competition Policy was proposed by the AfCFTA Secretariat.
The Africa Alliance for E- Commerce (AAEC) has renewed its partnership with West African Economic and Monetary Union (WAEMU) through an additional funding of 10 million CFA Francs this year to support the joint project between WAEMU-AAEC-AfDB.
With the energy transition a hot topic off the back of COP 26 and in the lead-up to COP 27, Liquefied Natural Gas (LNG) in particular, has risen to the fore on account of its 25% lower carbon emissions when compared to traditional heavy fuel oil emissions.
Skaleet and Mobiblanc announce partnership for a cutting-edge technology to serve banks across Africa
Skaleet has partnered with Mobiblanc to offer turnkey solutions to financial institutions across Africa.
L'aide apportée au Uhuru Growth Fund offre aux GP et aux entrepreneurs la possibilité d'accéder à des capitaux institutionnels, ainsi que de développer une empreinte mondiale et une connaissance approfondie de la région ouest-africaine.
The support to Uhuru Growth Fund includes opportunities for GPs and entrepreneurs to access institutional capital, as well as develop a global footprint and deep understanding of the west African region.
Barrows Hotel Enterprises, the provider of hotel investment and advisory services for hotels in the Middle East and Africa, is developing a new 4-star International Airport Business Hotel in Lagos Nigeria.
A few days ago, the central bank issued the first e-money issuance license to a fintech, Wave notably. With the creation of the support bureau, analysts expect incentive guidelines for fintech startups active in West Africa.
Flexential, the provider of data center colocation, cloud and connectivity, announced its partnership with Angola Cables, to drive colocation and interconnection options for customers in the Southern and West African markets.
Accelerex Holdings Mauritius announced it has signed an investment agreement with regional private equity firm, Africa Capital Alliance (ACA), for the Capital Alliance Private Equity IV (CAPE IV) fund to invest $20 million in Accelerex.
Global investors welcomed the West African Development Bank’s first bond issue with sustainable development objectives (Sustainability Bonds).
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
The U.S. International Development Finance Corporation (DFC), signed a $14.75 million loan portfolio to support lending to small and medium enterprises in West Africa and the Sahel region.
The partnership will provide guests increased options into the domestic destinations in Ghana and West Africa. This is part of KQ’s broader strategy to extend its footprint across the continent.
The ECOWAS Commission has combined efforts with the International Trade Centre (ITC) SheTrades Initiative to launch the ECOWAS – ITC SheTrades project.
Le projet She Trades va déployer les outils et les ressources de l’Initiative SheTrades du CCI pour fournir un soutien ciblé et une expertise technique aux femmes d’affaires à l’echelle régional
Hacıoğlu Gold Mining has announced that it will begin field research in addition to gold collection activities in the area.
Worley obtient un contrat pour fournir des services d'ingénierie pour le projet de gazoduc Nigeria-Maroc.
Worley s'est vu attribuer un contrat pour fournir des services d'ingénierie d'avant-projet détaillé (FEED Phase II) pour le projet de gazoduc Nigeria-Morocco (NMGP). L'étude d'ingénierie progresse conformément à la planification initiale du projet.
Worley has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The engineering study is progressing in accordance with the initial project planning.
Hacıoğlu Gold Mining a annoncé qu'elle allait commencer des recherches sur le terrain en plus des activités de collecte d'or dans la région.
La parité fixe entre le franc CFA et l’Euro est souvent défendue comme un gage de stabilité. Mais sur un marché monétaire international dominé par le dollar US, le filet de sécurité présente parfois quelques fragilités.
La Guinée succède au Nigeria à la présidence de l'Assemblée des régulateurs des télécommunications d'Afrique de l'Ouest (ARTAO).
Guinea takes over Nigeria as chairman of the West Africa Telecommunications Regulators Assembly (WATRA).
VAALCO Energy announced the successful drilling of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.
The African Management Institute (AMI), pioneer in business and management training, recently launched a new series of francophone learning programmes to support the growth of small enterprises.
FactSpace West Africa has entered into a partnership with AW Free Foundation to expand the fight against misinformation, disinformation, fake news and propaganda across Africa.
This development is also designed to amplify Phase3 enterprise value active network deployments for MSMEs, large scale corporates and institutions.
IFC launches Africa fragility initiative to promote responsible private sector development in Africa
IFC announced the launch of the Africa Fragility Initiative (AFI), a five-year program dedicated to supporting responsible private sector-led growth and job creation across 32 African countries affected by fragility and conflict.
West Africa has an opportunity to build an integrated textiles value chain, creating thousands of better jobs and introducing innovative sustainable fabric production technologies, thanks to a new partnership announced between IFC and DTRT Apparel Group, the region's largest clothing manufacturer.
Intelsat, operator of the world’s integrated satellite and terrestrial network and provider of inflight connectivity (IFC), has been selected by Orange Mali SA to bring 3G and 4G connectivity to hard-to-reach areas in Mali.
The project is funded by the World Bank, the African Development Bank, the French Development Agency, the European Union with consideration from Nigeria. T
Leading endoscope manufacturer KARL STORZ became the newest company to join IFC's Africa Medical Equipment Facility, IFC announced today, helping Africa's healthcare providers to further strengthen their services in the wake of the COVID-19 pandemic.
For the West Africa region, discussion addressed cocoa- and agricultural-related issues in Ghana and Nigeria.
UK’s Development Finance Institution (DFI) CDC announced the appointment of Kwabena Asante-Poku as Coverage Director for Ghana. The new position will amplify the DFI’s presence in West Africa and strengthen its reach across the continent.
MainOne, the provider of connectivity solutions for businesses in West Africa is empowering enterprises to adopt cloud technology by connecting businesses across the region directly and privately to public cloud service providers.
AfDB et ONU Femmes signent une convention de $4 millions pour soutenir les femmes en Afrique de l’Ouest
L'AfDB à travers son Initiative pour favoriser l’accès des femmes au financement en Afrique (AFAWA), une convention de financement de quatre millions de dollars américains avec ONU Femmes pour soutenir l’accès des femmes entrepreneures aux marchés publics en Afrique de l’Ouest.
Fund for Export Development in Africa (FEDA), has announced that it has invested into Ecow-Gas B.V. (Ecowgas), a Liquefied Natural Gas (LNG) distribution infrastructure platform in the West Africa region.
African mobility fintech company Moove secures $10 million financing to support expansion to West Africa
NBK Capital Partners Mezzanine Fund II has announced that it closed a $ 10 million financing facility with Uber's exclusive vehicle supply partner in Africa, the mobility fintech Moove.
Through the COVID-19 Guarantee Facility, AGF expects to issue loan guarantees to 30 partner financial institutions (PFIs), allowing them to unlock up to $160 million in financing for approximately 3,000 West Africa-based SMEs impacted by the pandemic.
AfDB Board approves €70 million credit facility and $24 million equity investment to West African Development Bank
The line of credit will support businesses in the West African Economic and Monetary Union, particularly in job-creating sectors such as agribusiness, renewable energy, health and information and telecommunication, which were drastically affected by the Covid-19 pandemic.
[Column] Titilayo Adewumi: West Africa’s circular economy efforts at the forefront of fostering a more sustainable future
The vast majority of population growth across the continent will be concentrated in urban areas. WEF data indicates that more than 80% of Africa's population growth between now and 2030 will be in cities, with Lagos growing at a pace of 77 people every hour.
Africa-based cryptocurrency exchange Busha, raised $4.2 million seed round led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round.
World Bank approves $570m to address food insecurity, boost resilience of food systems in West Africa
Four million people across West Africa stand to benefit from a new multi-phase regional program that will complement and enhance ongoing efforts to reduce food insecurity and improve the resilience of food systems.
Symbiotics and Oikocredit invest US$ 30.75 million to support West Africa cocoa and cashew value chains
Symbiotics, and Oikocredit have extended a loan to the value of $30.75 Million to Agri Commodities & Finance FZ-LLC, the UAE subsidiary of Export Trading Group (ETG).
IFC, Proparco, the French Development Institution and Emerging Africa Infrastructure Fund (EAIF) are partnering with Ciments de l'Afrique (CIMAF), to help the company boost its production of cement in West Africa.
Africa Finance Corporation (AFC) has welcomed the Republic of Niger as its 33rd member state. The Corporation has now achieved 60% of countries of Africa as member states.
Oracle et Orange annoncent aujourd'hui la signature d'un accord de collaboration s'inscrivant dans un projet commun visant à accélérer la transformation digitale basée sur le cloud en Afrique de l'Ouest.
Oracle and Orange signed a collaboration agreement as part of a joint plan to accelerate cloud-led digital transformation in West Africa.
From 25th-29th October 2021, scientists, entrepreneurs, institutional leaders and students from Africa and beyond are meeting in Rwanda and online for the second continental African Plant Breeders Association Conference.
Africa Investment Forum, projects worth $140 million on the table to boost vaccines and healthcare in Africa
Members of the Africa Investment Forum team showcased two projects as the continent looks to boost its healthcare sector and attract much-needed investment in the wake of the Covid-19 pandemic.
Radisson Hotel Group has identified West & Central Africa as key markets in its African development strategy, growing its portfolio from one hotel in 2008 to the current portfolio of 25 hotels in operation and under development.
Nearly four months after the launch of its Tier III facility at Appolonia City, Accra, Ghana, MDXi, a MainOne company, has announced the expansion of its data center facilities in Lekki, Lagos, Nigeria.
The Ford Foundation has announced the appointment of Catherine Chinedum (‘ChiChi’) Aniagolu-Okoye as its new regional director for its office serving West Africa.
Sendy has partnered with Mobility 54 Investment SAS, Toyota Tsusho Corporation and CFAO’s corporate venture capital arm, to acquire a significant stake in West African logistics startup Kamtar
A new $10.8 million partnership between Takeda and Global CSR Program to the World Food Programme (WFP), has brought forward a 5-year initiative to help strengthen regional health supply chain capacities in West Africa.
Worldline brand Ingenico has appointed Ugo Obasi as the new Area Business Head for Anglophone West Africa. Ugo's arrival is an important step in Ingenico's strategic expansion into the West African market.
Zalgen Labs (Zalgen), a biotechnology and diagnostics company, announced contract with CEPI, to further advance the development of vaccines against Lassa Fever (LF) in West Africa.
SparkMeter, a provider of smart metering technology and grid analytics for developing markets, has been selected as prime contractor by the United States Trade and Development Authority (USTDA) to deploy a comprehensive digital analytics platform to improve electricity grid operations for 100,000 people in West Africa.
TPT Global Tech announced it has entered into a strategic technology agreement with Skybridge West Africa (SWA), to participate in the development of 20 Smart Villages in West Africa.
In partnership with PetroCi and Direction Générale des Hydrocarbures, PGS has completed phase two of the Côte d’Ivoire MegaSurvey, adding 9 897 sq. km of 3D and 24 632 km 2D in the Tano Basin.
Africa Search Capital (ASC) announced the acquisition of a majority stake in Falcon Security Hub (Falcon).
Nigerian mobility startup Plentywaka raised $1.2 million seed round, after successfully ending the Techstars Toronto Accelerator Program in July 2021. The startup also announced it has fully acquired Ghana’s mobility startup Stabus.
Despite their importance, access to capital is a key constraint to SMEs realising their full potential. SMEs are less likely to be able to obtain bank loans compared to large firms.
Health authorities in Guinea confirmed a case of Marburg virus disease in the southern Gueckedou prefecture. This is the first time Marburg, a highly infectious disease that causes haemorrhagic fever, has been identified in the country, and in West Africa.