The ECOWAS Trade Promotion Organisation (TPO) Network is a public-sector led entity and will work in partnership with the ECOWAS commission to drive inclusive trade development initia-tives within West Africa and beyond.
NuRAN Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions, announces it has signed a Memorandum of Understanding (“MOU”) with Telinno-Consulting Limited for the in Mali, West Africa and Sierra Leone.
Marketforce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Ore Omolaja as the Nigeria Country Manager and Head of Business, effective 15th July 2021.
Le Groupe Ecobank et la fintech Semoa, basée à Lomé, donnent désormais aux utilisateurs de mobile money au Togo la possibilité d'effectuer des opérations bancaires plus rapidement et plus facilement, dans toute l'Union économique et monétaire ouest-africaine (UEMOA), grâce à un nouveau service de banque numérique via Whatsapp baptisé "Express cash by Semoa".
While organisations across West Africa work to recover from the economic impact of the pandemic, the global cybercrime industry is going into overdrive.
The Ecobank Group and Semoa a Fintech based in Lomé, are enabling mobile money users in Togo to carry out banking faster and easier, across West African Economic and Monetary Union.
The Euro 20 million agreement is part of the West Africa SMEs Program, a flagship program of ITFC aimed at improving access to finance for SMEs in the region by providing them, as well as partner banks, with credit and capacity building facilities.
MainOne, the provider of connectivity, cloud and data center solutions in West Africa is set to launch the Appolonia Data Center of its subsidiary, MDXi, in Accra, Ghana.
General Electric has announced the appointment of Dr. George Uduku, a Nigerian national, as the General Manager for West Africa
A blockage on supplies and financial challenges are delaying Africa’s rollout of COVID-19 vaccines and risk curtailing plans to significantly expand the continent’s rollout later this year.
To support imports of crucial energy products into several West African countries, IFC has invested in two trade finance facilities arranged by Société Générale for Addax Energy S.A.
Global standards organization ASTM International and the American Petroleum Institute (API) have announced a partnership on a project aimed at harmonizing petroleum standards in the West African region.
Starsight Energy announced its expansion into East Africa via the acquisition of a 50% stake in the East African operations of Premier Solar Group, a Commercial & Industrial (C&I) solar company with a focus on Sub-Saharan Africa and South Asia.
It is essential that governments leverage technology to streamline data collection, transfer and analysis to speed up rollouts.
Uhuru Investment Partners (Uhuru), a middle-market private equity firm based out of Lagos and Abidjan, announced the first close of Uhuru Growth Fund I (UGF) at $113 million, with capital support from CDC Group.
Siemens Energy signed an agreement with Spanish EPC contractor TSK to provide the company’s highly efficient energy technology and services to Atinkou, a new combined cycle power plant to be built in Jacqueville, Côte d'Ivoire.
West Africa's provider of high-quality housing and housing finance solutions announced an updated logo and a return to its founding corporate identity as Jobomax.
Atlanta-based startup Outsource Monetic commences commercial and technical operations in West and Central Africa
Outsource Monetic™, an Atlanta GA based startup, officially started its commercial and technical operations in West and Central Africa regions.
Team Europe backs new Guinea-Mali power line with €330m financing to provide clean, affordable energy in West Africa
Team Europe is backing the new Guinea-Mali 225 kV power line with €330 million financing to provide clean and affordable energy to millions in West Africa.
Millions of families in West and Central Africa are growing more hungry and desperate by the day as food prices skyrocket, stoking a widening hunger emergency in a region engulfed by conflict and the socioeconomic fallout from COVID-19.
Digital payments stimulate domestic production and consumption. If 50% of temporary workers in Senegal received payments digitally, 45 billion CFA francs would be added to GDP per year.
The Coalition for Epidemic Preparedness Innovations (CEPI) and the African Union Commission announced the signing of a memorandum of understanding responsible for the prevention and control of diseases in Africa.
Ifria and InspiraFarms are partnering following a mutual concern. Over 40% of food produce in Africa spoils before it reaches a consumer, approaching 60% for fresh produce in Sub Saharan Africa and North Africa.
AfDB launches second phase of West African Capital Markets Integration Project backed by $850,000 grant
The African Development Bank (AfDB) launched the second phase of the West African Capital Markets Integration (WACMI) Project to establish a common securities listing and trading platform across West African bourses.
The Food and Agriculture Organization of the United Nations (FAO), has buillt stronger veterinary diagnostic laboratories in ten countries in West and Central Africa.
ASKY, a Pan-African Airline set up at the initiative of West & Central African governments, has become the first airline with a hub in West Africa to join the Africa CDC Trusted Travel Alliance.
The $115 million syndicated line of credit now available to Agri Commodities and Finance (ACF) has been opened by several development finance institutions
After a successful tenure as 1st vice chairman of West Africa Telecommunications Regulators Assembly (WATRA), Nigeria has, unanimously and by consensus, emerged as Chairman of WATRA for 2021.
The World Bank approved a total of $22.5 million in additional financing to the Regional Off-Grid Electricity Access Project (ROGEAP), to support the development of the market for stand-alone solar products in Western and Central Africa.
MTN Group has announced the appointment of Chika Ekeji as Executive: Strategy and Transformation as part of plans to further bolster management capacity to accelerate the Group’s strategic ambitions.
The Global Fund and Fondation CHANEL signed a new agreement to set up a civil society-led fund to strengthen women’s and girls’ engagement in developing health policies, including Global Fund-related processes, in western and central Africa.
Across Africa, urban centres are rapidly expanding as the continent’s large – and growing – youth population seek better fortunes in the city.
The Red Cross teams in Guinea, Liberia, Côte d’Ivoire, Mali, Senegal and Sierra Leone are ramping up response efforts to contain a deadly Ebola outbreak.
MDXi, West Africa’s largest carrier-neutral data centre and a fully owned subsidiary of MainOne is leading the way in reducing greenhouse gas emission in its quest to promote sustainable development.
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.
Tullow Oil signed two separate sale and purchase agreements with Panoro for all of Tullow’s assets in Equatorial Guinea and the Dussafu asset in Gabon.
The African Development Bank (AfDB) has extended financial support to a project that will strengthen the efforts of West African countries to meet their Nationally Determined Contributions (NDCs) targets under the Paris climate accord.
The investment of over $1billion by Heirs Holdings in the acquisition of the strategic OML 17 from Shell, ENI and Total, has been described by various analysts as a very positive affirmation of confidence in the robustness of the Nigerian economy.
Global investors welcomed the West African Development Bank’s first bond issue with sustainable development objectives (Sustainability Bonds).
Trobexis, an international logistic management solution company, has chosen MDXi to deploy their solution for an international oil & gas company in Nigeria.
Orange International Carriers, the wholesale arm of Orange Group, is partnering with Côte Ouest Audiovisuel to supply network access and content delivery services in West Africa using its Media Delivery Boost (MDB) solution.
Starsight, a Commercial and Industrial (C&I) solar power provider in West Africa announced that Finnfund and Norfund have increased their senior debt facility from $10 million to $20 million.
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is has appointed Tennyson Securities to act as the Company's Joint Broker alongside SP Angel Corporate Finance.
Daystar Power, provider of hybrid solar power solutions to businesses in West Africa, announced a Series B investment of $38 million led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution.
Reganosa awarded contract to operate sub-Saharan Africa's first offshore LNG receiving terminal in Ghana
Reganosa has been awarded the contract to operate and maintain a liquefied natural gas (LNG) regasification terminal in Tema, Ghana.
American and Ghana tech startup Ajuma Technologies, Ltd. has announced their plans to launch in early 2021.
Kosmos Energy announced it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell, to farm down interests in Suriname, Sao Tome & Principe and Namibia.
American Homebuilders of West Africa, AHWA, has announced that it had closed on an acquisition of new land in Maneah in the Conakry suburbs.
Nokia announced it has been selected by African mobile operator, Togocom in a three-year deal to deploy 5G in Togo.
MainOne, West Africa’s communications services company for business, has become the first Microsoft Azure Peering Services partner for West Africa, providing enterprises using Microsoft Cloud services.
Endeavour Mining and Teranga Gold have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act.
Orange and its subsidiaries announced the commissioning and commercial launch of Djoliba, the first pan-African backbone based on a terrestrial fibre optic network, coupled with undersea cables, offering secure connectivity abroad from West Africa.
Shearwater GeoServices announced the award for a large towed streamer 3D acquisition and Fast Track processing project by Total Senegal.
Internationally diversified gold producer Nordgold, has equipped its new West Africa Training Centre located near the Lefa mine in Guinea, with a CYBERMINE Full-Mission Simulator.
The OPEC Fund and the West African Development Bank (BOAD) have signed a Framework Agreement to further strengthen their development cooperation in the the member countries of the Western African Economic and Monetary Union (WAEMU).
WAAREE Energies, India's largest solar module manufacturer has strengthened its presence in West of African continent by opening franchise in Conarky.
Sterling and Wilson Pvt Ltd (SWPL) has announced that it's Hybrid & Energy Storage division (HES) has signed an EPC contract to construct a Solar PV Battery Storage and Diesel Genset based hybrid power plant in Agadez, Niger, in West Africa.
The OPEC Fund and the West African Development Bank have signed a Framework Agreement to further strengthen their development cooperation in the member countries of the Western African Economic and Monetary Union.
Polarcus, geophysical service provider of safe and environmentally responsible marine acquisition services announced a letter of award has been received for 3D seismic data acquisition services in West Africa.
Starsight, Commercial and Industrial solar power provider in West Africa announced its expansion into Ghana.
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.
Coffee farmer, Francois Dadi Serikpa, from Gnamagnoa in Côte d’Ivoire, joined Nestlé’s Nescafé Plan 10 years ago. The coffee farms that had been in his family for generations were producing poor yields, making it hard for him to earn a good living.
The U.S. Trade and Development Agency (USTDA) awarded a grant for a feasibility study to help Lekela Energie Stockage deploy utility-scale battery storage technology in support of its Taiba N’Diaye wind farm, the largest of its kind in Senegal and West Africa.
Rack Centre, carrier neutral data centre operator in West Africa, announced an expansion programme that will increase capacity to a total net lettable white space of 6000 square metres and allow for 13MW of IT power capacity in its Lagos campus.
Nestlé Côte d’Ivoire’s Joëlle Abega-Oyouomi is one such example. She is the first-ever female factory manager in Nestlé Central and West Africa.
Olam Markets, Ghana's first and only B2B mobile app in the food sector, has made such a positive impact with grocery distributors that its owner, global food and agri-business Olam International, is now planning to take the app into West Africa.
Nestlé has appointed Mauricio Alarcon as new Chief Executive Officer of Nestlé Central and West Africa Ltd, effective September 1, 2020.
Polarcus announced the award of an XArray 3D marine seismic acquisition project in West Africa commencing in October 2020 with a duration of approximately 2 months.
The Women Entrepreneurs Finance Initiative (We-Fi) announced its third funding allocation comprising $49.3 million, expected to benefit over 15,000 women-led businesses.
West-African airline, ASKY, has signed a multi-year agreement with Sabre Corporation, enabling the carrier to move forward with innovative, next-generation technologies that will facilitate further expansion.
The World Bank approved a total of $300 million in International Development Association (IDA) credits and grants to support reforms that will help promote electricity trade in West Africa.
MainOne, West Africa’s premier connectivity and data center solution provider recently on-boarded BMI-CI on its network by providing internet infrastructure and data center solutions.
Tizeti, West Africa’s pioneer solar-based internet service provider announced the successful upgrade of its core network infrastructure capacity to 100Gbps, in line with its focus on accelerating access to affordable broadband connectivity.
Infinera announced that Orange deployed spectrum capacity with Infinera’s submarine solution on its MainOne submarine cable, a new network built to provide large-scale international capacity.
Temenos, the banking software company, announced that Orange Bank Africa has gone live with cloud-native Temenos Transact delivered as SaaS.
Chevron Corporation has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
Meckanzy reaches out to West Africa’s youth to support the development of digital marketing capabilities
Meckanzy Inc. has announced a free professional complete digital marketing training opportunity.
15.4 million cases of acute malnutrition in children under five years old are expected in 2020 in West and Central Africa if adequate measures are not put in place now, warns UN agencies, UNICEF and WFP.
IBM has appointed Angela Kyerematen-Jimoh as General Manager for IBM North, East and West Africa.
The European Investment Bank (EIB) approved € 16.6 billion of new financing for projects across Europe and around the world, including more than € 10 billion of COVID-19-related investment to improve public health.
Nigeria's national telecommunications operator Globacom has slashed international call tariffs by as much as 55% to help its subscribers stay in touch with their loved ones abroad at a much more affordable cost.
Container transportation and shipping company CMA CGM will launch its new product 'Round the Africa' (RTA), in complement of the current existing 31 services to Sub Saharan Africa, come July 25, 2020 in Shanghai, China.
BUA Cement to establish ultramodern 3,000,000 metric tonnes cement plant, 50mw power plant in Adamawa, Nigeria
West Africa’s BUA Cement announced it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria.
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.
The trend of declining foreign direct investment (FDI) to Africa is set to exacerbate significantly in 2020 amid the dual shock of the coronavirus pandemic and low prices of commodities, especially oil.
Suguba is organizing their second 6-month investment readiness program in West Africa to support the 8 most promising startups in the digital sector in Francophone West Africa.
MainOne has partnered with AWALE to support the Crisis Cell of the Ivoirian Government in its fight against the COVID-19 pandemic.
The Global Alliance for Livestock Veterinary Medicines (GALVmed) has announced partnerships with three animal health companies in West Africa.
West Africa’s premier connectivity and data center solution provider MainOne has commenced construction activities on the project with official site groundbreaking at the Appolonia City enclave in Ghana.
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.
Over 40 million people across West Africa face desperate food shortages in coming months, with COVID-19 restrictions being a new factor adding to people’s vulnerability, according to the World Food Programme (WFP).
The African Development Bank approved an additional funding of € 12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project.
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.
The World Bank approved $273 million for Togo, Benin, Burkina Faso and Niger to facilitate access to services for millions of people through the West Africa Unique Identification for Regional Integration and Inclusion (WURI) Program.
CSS and Forsway have announced the next phase of their cooperation in Mauritania to deliver affordable broadband in West Africa.
ECA, ECOWAS join forces to strengthen Commission's leadership and management capacities for development
The Economic Commission for Africa (ECA) and the ECOWAS are paving the way for close collaboration to strengthen the ECOWAS Commission's leadership and management capacities for development.
The International Fertilizer Development Center (IFDC), the West Africa Fertilizer Association (WAFA) and AfricaFertilizer.org have partnered to launch the West Africa COVID-19 Fertilizer Watch.
IFDC is urging governments and ministers of agriculture in the 15 ECOWAS states to release any restrictions on fertilizer importation, distribution and use by agricultural producers for the duration of the pandemic.
Polarcus has announced the termination of an award of a 3D marine seismic acquisition project offshore West Africa.
Nigeria's smartphone market grew 5.3% quarter on quarter in Q4 2019, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).