tagresults
Mitsumi accelerates growth in West Africa
Mitsumi Distribution, the largest global distributor of consumer electronics, IT, Telco, Networking, Storage and Solution provider in Africa and the GCC, has announced the expansion of its distribution partnership with Dell Technologies in West Africa – French speaking countries.
Africa50 et BOAD s’associent pour développer et cofinancer des infrastructures vertes en Afrique
Le Directeur Général d’Africa50, Alain Ebobissé, et le Président de la Banque Ouest-Africaine de Développement, Serge Ekué, ont annoncé un partenariat visant à mobiliser les capitaux des investisseurs institutionnels pour les infrastructures africaines, et à identifier des projets à cofinancer.
Liquid Dataport and Viasat sign deal to improve connectivity services for business and consumers in West Africa
Liquid and Viasat intend to focus on the potential commercialisation and distribution of satellite broadband to reduce internet connectivity costs and improve data connections across the region.
Azercosmos and Intelsat’s collaboration opens the way to unreachable places in the African region
Azercosmos and the global satellite operator Intelsat have signed a commercial agreement on the joint implementation of long-term projects in the West African region.
[Interview]: Ady Namaran Coulibaly, Operations Manager at Bolingo Consult
Ady Namaran Coulibaly is Operations Manager at Bolingo Consult, she is dedicated to providing localization and multicultural insights for Africa and its languages to Language Services Buyers and LSPs.
BOAD autorise de nouveaux engagements pour 173,38 milliards FCFA
Le 135ème Conseil d’Administration de la BOAD autorise de nouveaux engagements pour 173,38 milliards FCFA.
MainOne, an Equinix Company expands global interconnection capabilities using Equinix Fabric
West Africa’s connectivity and data center services provider, MainOne, an Equinix Company has enhanced its interconnection capabilities by using Equinix Fabric to extend its network reach and provide its enterprise customers with agile, on-demand and seamless connectivity to cloud providers, remote markets, and local infrastructure over the MainOne network and onto Platform Equinix.
BOAD Titrisation clôture avec succès en mobilisant 150 milliards de FCFA
BOAD Titrisation clôture avec succès son opération « FTC BOAD DOLI-P 6.10% 2023-2030 » en mobilisant 150 milliards de FCFA
Smile Identity to acquires Appruve for the expansion identity verification across Africa
Smile Identity has acquired Appruve to expand its digital identity verification solution across Africa.
Le Sénégal a reçu le fonds pour le développement du port de Dakar et de Ndayane.
MIGA guarantee allows Senegalese government to increase interest in current operator of container terminals at the port of Dakar and future port of Ndayane.
La BOAD affiche une hausse de 9,27% pour l'année dernière
La BOAD affiche un résultat net bénéficiaire de 33,6 Milliards pour l’exercice clos le 31 décembre 2022, soit une hausse de 9,27%.
$8 million fund to support enhanced banking identification in the West African Monetary Zone
West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone.
Le capital de la BOAD passe de 1155 milliards de FCFA à 1709 milliards de FCFA
Le capital de la BOAD passe de 1155 milliards de FCFA à 1709 milliards de FCFA. A cet effet, l’augmentation du capital, actée par ledit Plan, a été structurée en deux (2) tranches.
ECOWAS sets out new standards for hotel services across the region
These hotel classification criteria and control systems were sourced from international standards and best practises applied to tourist accommodation infrastructures around the world.
BOAD autorise de nouveaux engagements pour un montant global de 242 milliards FCFA
Le Conseil d’Administration de la BOAD tient à Bissau la première session de l’année de son cinquantenaire et autorise de nouveaux engagements pour un montant global de 242 milliards FCFA.
[Interview] Jean Kokouvi Etse, Directeur Général, SGI-TOGO
Jean Kokouvi Etse DG de SGI TOGO co-chef de file du Syndicat de Placement. La SGI-TOGO fait partie d’un Consortium de trois SGI retenues pour l’opération de BOAD TITRISATION.
[Interview] Mme Adji Sokhna Mbaye, DG de BOAD TITRISATION
Interview de Mme Adji Sokhna Mbaye, DG de BOAD TITRISATION arrangeur de l’opération et M. ETSE, DG de SGI TOGO co-chef de file du Syndicat de Placement.
Yalla Xash partners with Hub2 to expand money transfer services from North America to West Africa
The agreement will enable Yalla Xash to leverage Hub2's extensive network of partners and agents in Africa and facilitate faster, more secure, and more affordable money transfers for customers sending to West Africa.
[Column] Abiodun Adebimpe: Higher demand for dollars assets in West Africa despite greenback’s ongoing strength
Recent and ongoing global events have created massive demand destruction in crude oil, agricultural products and precious metals such as gold. Supply chains are also still to recover.
[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.
[Column] Titilayo Adewumi: Building greater sustainability, climate resilience in West Africa
Across Africa, urban centres are rapidly expanding as the continent’s large – and growing – youth population seek better fortunes in the city.
[Column] Rémy Ejel: International Women’s Day: What will it take to achieve gender equality?
“There should be equality for all – men and women – at all levels, and all ages” was the compelling call from Anna, one of our young female talents at Nestlé CWA Ltd, about gender equality.
La BOAD rejoint la Coalition Finance In Common (FICS) sur le genre
Institution de Financement de référence du Développement de la zone UEMOA, la Banque Ouest Africaine de Développement, BOAD, a rejoint la Coalition Finance en Commun, coprésidée par l’organisation UN Women et la Banque Africaine de Développement (BAD).
I&P réunit les structures d’appui à l’entrepreneuriat des PMEs en Afrique
Investisseurs & Partenaires a déjà levé 428 millions $ pour financer plus de 250 entreprises en Afrique.
Three factors driving West African organizations’ rapid cloud adoption
West African businesses are adopting cloud technologies at an unprecedented rate to unlock a range of competitive capabilities through digital transformation.
SANCFIS FASO entre en bourse de BRVM
Pionnier des télécommunications et des solutions informatiques en Afrique, le Groupe Sancfis a annoncé l'admission de sa filiale burkinabé au troisième compartiment de la Bourse Régionale des Valeurs Mobilières de l'Afrique de l'Ouest (BRVM)
FICO and FPG Technologies & Solutions partner to help West African firms accelerate digital transformation
FPG will sell, implement and support FICO® Blaze Advisor® decision rules management system and FICO® Xpress Optimization, leading tools that businesses use to automate high-volume decisions, rapidly change strategies and leverage advanced analytics to improve performance.
TradeMark East Africa rebrands to TradeMark Africa
TradeMark East Africa has officially rebranded to TradeMark Africa (TMA) following all necessary regulatory approvals in most countries of operations across the East, Southern and Horn of Africa region.
BOAD et l’OIF s’associent pour déployer le projet « D-CLIC – Formez-vous au numérique »
Le projet D-CLIC, conçu par l’OIF, vise le renforcement des compétences numériques des populations les plus vulnérables, en favorisant l’autonomisation et l’employabilité des femmes et des jeunes, et l’appui aux politiques numériques des Etats par la formation des agents publics.
Mitel, Mart Networks re-affirm technology investment in West Africa
Telecommunications company Mitel, and distributor Mart Networks, have re-affirmed their commitment to leverage on technology to improve the telecommunications sector in West Africa.
Proparco, BIC-BRED et Céréalis s’associent pour soutenir les importations de céréales en Afrique
Proparco et Bic-Bred (Suisse) SA ont signé un partenariat, sous la forme d’une participation en risque dans une facilité de financement octroyée à Céréalis.
Orange et BUTEC annoncent la mise en service de la solarisation du Groupe Orange Services
Orange et BUTEC annoncent la mise en service de la solarisation du Groupe Orange Services (GOS) afin de satisfaire 50% de la consommation d’énergie en journée du principal Data Center d’Orange en Afrique
SAP, PwC partnership drives digital transformation and cloud success in West Africa
Following years of disruption, and hampered by a lack of legacy investment into technology, West African businesses now have an opportunity to leapfrog tech adoption and leverage the cloud for rapid growth and success.
DBSA & BOAD sign a partnership agreement to foster Inter-regional Cooperation
The West African Development Bank (BOAD) and the Development Bank of Southern Africa (DBSA) signed a partnership agreement to foster inter-regional cooperation.
KfW accorde 16,2 millions d'euros pour des fonds de transformation numérique en Afrique de l'Ouest
Au nom du Ministère Fédéral de la Coopération Economique et du Développement (BMZ), la KfW a signé une convention de financement avec la BOAD d'un montant de 16,2 millions d'euros pour le Fonds de transformation numérique en Afrique de l'Ouest (phase 1).
EUR16.2 million for digital transformation funds in West Africa
On behalf of the Federal Ministry for Economic Cooperation and Development (BMZ), KfW signed a financing agreement with the West African Development Bank BOAD (Banque Ouest Africaine de Développement) for EUR 16.2 million for the Digital Transformation Fund in West Africa (Phase 1).
Une hausse de 26 milliards de dollars par an des échanges internationaux en Afrique de l'Ouest selon IFC et OMC
Selon une étude d’IFC et de l'OMC, l'amélioration de l'accès au financement du commerce pourrait entraîner une hausse de 26 milliards de dollars par an des échanges internationaux en Afrique de l'Ouest
MCB Capital Markets et Société Générale Côte d'Ivoire pour l'acquisition de JA Delmas en Afrique de l'Ouest
MCB Capital Markets et Société Générale Côte d'Ivoire ont agi en tant que co-arrangeurs dans le cadre du financement par emprunt de 135 millions d'euros pour l'acquisition de JA Delmas, concessionnaire Caterpillar en Afrique de l'Ouest
Le 133ème Conseil d’Administration de la BOAD autorise de nouveaux engagements pour 109,5 milliards FCFA
Après avoir approuvé le procès-verbal de la 132ème réunion, le Conseil a approuvé les perspectives financières actualisées et le projet de budget programme établis pour le quinquennat 2023-2027 de la Banque.
La Fondation AW Free et FactSpace West Africa forment des journalistes togolais à la vérification des faits.
Les journalistes ont été guidés à travers les processus de vérification des faits, notamment l'identification des affirmations, la vérification des informations, la présentation des faits, la diversification des sources et l'élaboration de rapports de vérification des faits, entre autres.
AW Free Foundation, FactSpace West Africa train Togolese journalists on fact-checking
The journalists were taken through the fact-checking processes including identifying claims; verification of information; presentation of facts; diversification of sources and putting together fact-check reports among others.
UBA’s Gross earnings hit $1.4bn with 12.3% growth in profit
In its financial report filed with the Nigerian Stock Exchange (NSE), UBA reported a 12.3% rise in Profit Before Tax to close at $318.4 million compared to $283.7million recorded at the end of the third quarter of 2021, while Profit After Tax also rose significantly by 10.9% to $266.6 million up from $240.4 million recorded a year earlier, thus sustaining its annualised return on average equity for Q3 2022 at 19.2%.
BOAD et DBSA signent un protocole d’accord de partenariat en faveur de la coopération inter-régionale.
La signature entre la BOAD, la Banque Ouest Africaine de Développement et DBSA, Development Bank of Southern Africa témoigne de la volonté de la BOAD de s’inspirer de l’expérience des autres banques multilatérales sur les sujets relatifs aux questions d’inclusion en Afrique.
USTDA, Zipline partner to expand West African healthcare access through drone technology
The U.S. Trade and Development Agency (USTDA) announced it has awarded a grant to Fly Zipline Ghana, for a feasibility study to expand healthcare access in Ghana and Nigeria using unmanned aerial vehicles.
Les fonds ARAF renforce les activités de Famerline, FarmWorks et Sunculture
Famerline, FarmWorks et Sunculture, ont été financé par le fonds ARAF aident, par l’innovation technologique, les petits exploitants agricoles à s’adapter au changement climatique en Afrique de l’Est et de l’Ouest.
Telcables enters Nigerian market to power connectivity and develop localised ICT solutions
The Telcables team will work with local network service providers, metro networks and operators to develop and deploy localised ICT solutions powered by the Angola Cables’ global network.
AfDB and West African Monetary Union Capital Markets Authority sign deal to develop regional financial markets
The funding will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the African Development Bank.
UNDP and Magic Carpet Studios to launch Magic Lab Bootcamp for young West and Central African Innovators.
The United Nations Development Programme (UNDP), in collaboration with leading Nigerian animation studio, Magic Carpet Studios announced the upcoming launch of the visual animation training for 30 young West and Central African Innovators in Lagos, Nigeria.
Pan African edtech company Snapplify expands presence in West Africa
To support its expansion in the region, Snapplify is growing its local team, having recently hired Doyin Shonubi (previously Pearson) as Sales Manager. The company also has offices across South Africa, as well as Kenya, Europe, the UK and the US.
La Fondation Ecobank et ONU Femmes pour la promotion de l’autonomisation des femmes en Afrique
La Fondation Ecobank et ONU Femmes vont dérouler ensemble une série d’activités de sensibilisation, de plaidoyer et des actions allant dans le sens de la lutte contre les violences à l’égard des femmes et des filles dans plusieurs pays d’Afrique
IFC appoints Olivier Buyoya as Regional Director for West Africa
IFC has appointed Olivier Buyoya as the new Regional Director for West Africa. In his new role, Buyoya, who will cover 13 countries in the region, will lead IFC's strategy and operations to spur private sector development and opportunity.
Inauguration de la logistique aérienne d'Afrique de l'Ouest
Bolloré Transport & Logistics inaugure la phase 2 d'Aérohub, avec la mise en service de la plus grande base logistique aérienne d'Afrique de l'Ouest
Nigeria, Cameroon to join Côte d’Ivoire-Ghana cocoa initiative
Nigeria and Cameroon have expressed interest in joining the alliance for economic relations on cocoa between Côte d’Ivoire and Ghana; the two-leading cocoa-producing countries in the world.
IFC, BIC-BRED (Suisse) SA and Agro Companies International SA partner to boost grain imports in West and Central Africa
Under the partnership, IFC will invest $20 million - through a risk participation agreement - in a $60 million trade finance facility arranged by commodity trade finance bank BIC-BRED (Suisse) SA for Swiss commodity trading group Agro Companies International SA.
BOAD aux Assemblées annuelles du FMI et de la Banque Mondiale
En tant qu’institution commune de financement du développement des huit pays de l’Union Economique et Monétaire Ouest-Africaine (UEMOA), la BOAD occupe une position cruciale, sur la scène internationale, pour la défense des intérêts de ses membres.
Improved access to affordable trade finance could increase exports and imports by $26 billion annually in West Africa, report
The analysis showed that while trade flows have been on the rise in the four countries, their potential remains constrained by limited and costly access to trade finance.
Official launch of the ‘’HACKERlab 2022’’ Final: ECOWAS youth engaged against cyber Threats
The ECOWAS Commission through the Organised Crime in collaboration with the Computer Security Incident Response Team in Benin (bjCSIRT) of the Information Systems Agency (ASIN), proceeded the official launch of the Final of the ECOWAS ‘’HACKERLAB 2022’’ competition with the theme “ECOWAS Youth Engaged Against Cyber Threats”.
PGS secured MultiClient Project in West Africa
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.
West african fintech startup Julaya raises $5m extension round to expand its operations
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.
ECOWAS, Nigeria and Morocco sign MoU for a gas pipeline megaproject
A gas pipeline megaproject Memorandum of Understanding (Mou) has been signed between ECOWAS, Nigeria and the Kingdom of Morocco.
NNPC Limited signs MoU with Morocco and west African countries for $25 billion gas pipeline
The agreement is set to reinforce European energy security and assist with the sustainable development of West African countries.
La CEDEAO lance la première édition du Forum Africain sur la Recherche et l’Innovation (FARI 2022)
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.
MIGA issues record 54 guarantees totaling $4.9 Billion in FY22
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.
Investment in Uhuru Growth Fund to boost growth of SMEs and Women-Led Businesses in the West Africa
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.
World Bank strengthens West Africa's food systems resilience with $315m financing
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.
Coris Bank International rejoint le programme de garanties de trade finance de PROPARCO
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.
Monetic Group raises funding from 500 Global to build Kalispot network in West and Central Africa
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
Fintech startup Bizao raises €8m Series A funding to accelerate its footprint across Africa
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.
WFP and partners bring first-of-its-kind transport training centre to West Africa
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.
Coleman opens billion fibre optic cable factory, targets African market
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 BOAD et PUTTRU pour les projets dans le secteur de l’énergie au sein de la zone UEMOA
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.
IFC et Orange Bank Africa pour soutenir des services financiers numériques en Afrique de l'Ouest
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.
IFC, Orange Bank Africa partner to support digital finance services in West Africa
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 secures double engineering contracts in North Sea and offshore West Africa
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.
ADEX, EBID sign financing agreement to boost UAE exports to West Africa
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.
PGS releases additional 3D data for West Africa Transform Margin and Côte d’Ivoire
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.
CGIAR launches initiative to transform West and Central Africa’s agrifood systems
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 receives 4D acquisition contract offshore West Africa
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 African Development Bank’s AFAWA join forces to increase access to finance for women SMEs
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.
IFC s'associe à Vista Bank pour renforcer le financement du commerce en Afrique de l’Ouest
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.
IFC partners with Vista Bank to boost trade finance for businesses in West Africa
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 poursuit son expansion avec la construction d’un centre de données au Ghana
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 unveils 30MW data centre facility in Accra, Ghana
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 launches $100m venture capital fund to invest in tech startups across West Africa
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.
APS Islamic Microfinance goes live successfully with Azentio’s iMAL
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.
Argus launches west African export-parity LPG prices
Global energy and commodity reporting agency, Argus, has introduced daily export-parity prices for LPG shipped from west Africa.
ECOWAS pursues common regional position on AfCFTA on competition policy
As part of the second phase of the AfCFTA negotiations, a draft Protocol on Competition Policy was proposed by the AfCFTA Secretariat.
AAEC deepens partnership with WAEMU through additional funding of 10 million CFA
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.
Six Liquefied Natural Gas developments to watch in West Africa
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.
Kuramo Capital s'engage à verser 10 millions de dollars à Uhuru Fund I
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.
Kuramo Capital makes US$10 million commitment to Uhuru Fund I
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 develops new International Airport Business Hotel in Lagos, Nigeria
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.
COLUMNS.
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[Column] Sinenhlanhla Zulu: Gender-smart infrastructure must be delivered at scale
Africa’s development finance community has set its sights on plugging the annual infrastructure investment gap ...read full column here
[Column] Pankaj Bedi: High production costs hurting Kenya’s apparel exports
The textiles and apparel sector is the third largest exporter in Kenya after horticulture and tea ...read full column here
[Column] NJ Ayuk: The outlook for African oil in 2023 is promising
Russian energy supplies to Europe continue to decline in the wake of the Ukraine war, Africa is poised to increase its oil and natural gas exports to the continent ...read full column here
INTERVIEWS.
[Interview] Anne-Marie Chidzero, Chief Investment Officer at FSD Africa Investments
Anne-Marie Chidzero, chief investment officer at FSD Africa Investments, talks about the risks and opportunities in backing Africa’s early-stage startups … read full interview here
[Interview] Awe Oludayo, Managing Partner, OS Concepts, Nigeria
Awe Oludayo is a business analyst with specialties in business process improvement, business process improvement and business process management … read full interview here
[Interview] Dr. Allan Pamba, Executive Vice President, Africa, Roche Diagnostics
Roche is a global pioneer in pharmaceuticals and diagnostics focused on advancing science to improve people’s lives … read full interview here
B2B Events
INC. Networking Event | Johannesburg South Africa | 13 June 2023
Are you looking to meet like-minded business people who can add value to your business? Look no further and join this INC. Networking Event! The big difference between INC. Networking and ... read full details here
The Africa Trade Expo (TATE) | Virtual Conference and Trade Show | 9 March 2022 - 9 March 2023
The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals ... read full details here
Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show | 9 March 2022 - 9 March 2023
Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming ... read full details here