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.
Tizeti launches NeXTGEN connectivity solutions, announces partnership with $5m fund for African startup ISPs
To enable more Africans take advantage of digital offerings in a new world defined by the Covid-19 pandemic, West Africa’s solar-based internet and voice service provider Tizeti, has launched new connectivity offerings.
JICA signs grant agreement with IOM to procure public health equipment and infrastructure in West Africa
JICA signed a grant agreement with International Organization for Migration (IOM) to provide grant aid of up to 544 million yen for the Project for Enhancing Border Management Capacity for Responding to the Public Health Crises in West Africa.
MDXi, a MainOne company, continues to consolidate its position as the leading Data Center Business across West Africa with the launch of its recent Data Center in Appolonia City, Ghana.
Jobomax launches new housing model to expand options for middle and lower-income buyers in West Africa
Jobomax, West Africa's homebuilder, announced its first model in the $10,000 - $20,000 price range, to expand options for middle and lower-income buyers.
Proparco invests in ARAF to drive climate adaptation for smallholder farmers across Sub-Saharan Africa
Proparco, through FISEA+, the AFD Group fund advised by Proparco, signed a $5 million investment in Acumen Resilient Agriculture Fund (ARAF), to help smallholder farmers in East and West Africa adapt to climate change.
MyJouleBox, a solar distributor & operator, completed a €3 million Series A round aimed at strengthening its positions as a leading energy specialist in Benin and accelerate its expansion in Burkina Faso, Senegal and Togo.
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.