IMF Managing Director Christine Lagarde arrived in West Africa Monday. Lagarde will be in Africa through Jan. 9, visiting Nigeria and Cameroon to discuss IMF's partnerships with its member nations. During her time in Nigeria, Lagarde will go to the capital city of Abuja to speak with President Muhammadu Buhari, Nigerian officials, lawmakers and business owners. Read More »
According to officials from Cairn Energy, one of Europe's independent oil and gas exploration development companies, positive results were obtained from recent testing of an SNE-2 appraisal well in offshore Senegal. Drilling, coring, logging and drill-stem testing were conducted on the SNE-2 well, which is located about 100 kilometers offshore in Carin's Senegalese block. Read More »
The importance of clean, reliable power is a priority to the region's officials, and that was reflected in the attendance numbers at the WAPIC, which took place in Lagos, Nigeria, Nov. 25 to Nov. 26. “The buzz around the exhibition floor was electric with visitors wanting to learn about the latest products and services,” WAPIC Progam Director Natalie Bacon said. Read More »
The first Africa Finance & Investment Forum, with the theme “Access to Finance and Enterpreneurship, Read More »
First Mining Finance Corp. recently brokered a deal to acquire all of the issued and outstanding shares of Goldrush Resources Ltd., a company with two gold projects in Burkina Faso, both companies said on Wednesday. Read More »
The Bonga North West deep-water oil-drilling development recently won two awards in the U.S and Qatar, Shell Nigeria said this week. Read More »
Global submarine network provider Huawei Marine Networks Co. Ltd. said recently that a 9,028-mile upgrade of the West African Cable System (WACS) is now up and running. Read More »
MoneyGram recently became the first money-transfer company to let customers transfer money quickly from France, Germany, Ireland, Italy and Spain to most Nigerian bank accounts. Read More »
Following peaceful campaigns and a smooth election, Roch Marc Christian Kaboré was inaugurated as Burkina Faso's new president this week in Ouagadougou, the nation's capital. Read More »
The end of the Ebola pandemic in West Africa is good news, but efforts must continue to prevent another such occurrence, World Bank Group President Jim Yong Kim said this week. Read More »
Malian Transport Ministry officials said the $1.1 billion needed to fund the Senegalese section of the Malian railway line that connects Bamako, Mali, and Dakar, Senegal, will be provided by a loan from the Chinese government. Read More »
The Tanlouka Gold Project in Burkina Faso will be fast-tracked, thanks to an additional $2.1 million in funding secured by representatives from West African Resources Limited, the Canadian company that owns the mine. Read More »
As nations in West Africa recover after the Ebola pandemic of 2015, monitoring efforts continue, headed by representatives of the Government of Liberia (GoL), Canada's USG Disaster Assistance Response Team (DART), and other local and regional relief organizations. Read More »
Researchers from Kaspersky Lab, a global security company ranked as one of the world's top four security solutions providers for end-point users, recently predicted the top security risks for 2016. Read More »
An Ebola treatment center in Ganta, Liberia -- operated by PCI Liberia, a global development organization that oversees projects dedicated to improving health and ending hunger -- officially closed this week. Read More »
RiskMap 2016, a recently released report analyzing trends that could pose risks to global security, was recently published by Control Risks Group Holdings Ltd., and predictions for West Africa in the coming year include infrastructure upgrades and a restructuring of the national oil company in Nigeria, as well as economic growth in Burkina Faso. Read More »
Ghana's Fertilizer Subsidy Program (FSP) is in need of a financial boost, and representatives from SEND-Ghana -- a nongovernmental arm of the Social Enterprise Development (SEND) Foundation of West Africa -- are encouraging government officials to seek out funding sources from the private sector to keep the program going. Read More »
Canada-based Roxgold Inc. said recently that a second draw-down of $21 million has been completed to fund its Yaramoko Gold Project mine in the Houndé greenstone region of Burkina Faso. Read More »
2015 saw "cybersecurity" become a worldwide buzzword, and the need for greater Internet security and protection in the finance, industrial, automotive and aircraft sectors -- and in wearable devices, health care and dating services -- grew in nations around the globe, including West Africa. Read More »
Based on a special resolution passed at independent oil and gas exploration company African Petroleum's General Meeting, the company's shares have been suspended from the stock-quote system at the National Stock Exchange of Australia and will be de-listed on Monday. Read More »
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