The Board of Directors of the Millennium Challenge Corporation approved a $256.7 million U.S. grant to Liberia under the Millennium Challenge Compact program. The grant will fund projects in electricity, road maintenance, reforms and capacity building. Liberia said the grant will have a significant impact on Liberians through poverty reduction, job creation and economic growth. Read More »

Kinross Gold announced the release of its updated 2015 full-year guidance that features the firm’s all-in sustaining cost, cost of sales, capital expenditures, production and overhead. Kinross Gold also announced that it is exploring opportunities to further reduce overhead. Kinross Gold has mines and projects in Ghana and Mauritania as well as the U.S, Brazil and Russia. Read More »

Etty Ekolan Alain won the the top prize for its project Ivoire Hydro Energy at the second edition of West Africa Forum for Clean Energy Financing. Based in Ivory Coast, Ivoire Hydro Energy is an start-up that aims to design, construct and operate a 44-megawatt hydro power plant on the country’s Bandama River under a concession agreement signed with the government. Read More »

Liberian Vice President Joseph Boakai stressed his confidence in Liberia's recovery from the consequences of Ebola virus crisis and a return to positive economic growth of $3.8 million. The speech was made during the U.S.-Liberia Trade and Investment Forum. The effects of the Ebola virus, which killed more than 11,000 people in West Africa, was one of the main topics discussed. Read More »

APR Energy, a global fast-track power solutions company, recently announced that it has completed the installation and commissioning of its new two-year, 35-megawatt project for Botswana Power Corp. (BPC) and the 48-megawatt expansion of its existing project for Senelec, Senegal's national electric utility. The project builds on a relationship that began in 2010. Read More »

Vaalco Energy recently announced that the North Tchibala 1-H well was brought online at a rate slightly in excess of 3,000 gross barrels of oil per day. Read More »

Liberian Vice President Joseph N. Boakai recently told the United States-Liberia Trade and Investment Forum that Liberia is seeking strategic partnerships in several trade areas. Read More »

Vedanta Limited and Cairn India Limited recently announced that both companies will merge. Read More »

GroFin Small and Growing Businesses (SGB) Fund in Africa was launched Wednesday. Read More »

Afrimax Group’s recently received a $120 million growth found from Mitsui & Co., a consortium investor, to implement its LTE-based business across Africa. Read More »

According to a recent report from the International Renewable Energy Agency (IRENA), Mauritania is ideally positioned to gain significant economic growth in the renewable energy resources industry. Read More »

Nigerian President Muhammadu Bahuri said in a speech last Wednesday that the federal government will encourage making well-planned funding initiatives available to micro, small and medium scale enterprises. Read More »

AgDevCo recently announced a $375,000 investment in Gee’s Fresh Point, a slaughter, processor and marketer of frozen specialty meat based in Northern Ghana. Read More »

Atlas Copco, a leading provider of sustainable productivity solutions was listed last week in the Dow Jones Sustainability Europe Index for the 2015/2016 year fiscal year. Read More »

Online grocery store offers more than 60,000 items for delivery. Read More »

Rabi Shuaibu Jimeta, permanent secretary of Nigeria's Federal Ministry of Youth Development, is urging generous individuals, corporations and philanthropic organizations nationwide to follow the lead of the National Youth Corps Foundation and help the National Youth Service Corps (NYSC) achieve its mission to promote national unity and cultural integration in the country. Read More »

Roxgold Inc., a gold exploration and development company based in Toronto, Ontario, Canada, said late last week that the first drawdown of $30 million was completed under the previously announced $75 million, six-year senior secured project finance facility for development of the Yaramoko Gold Project in Burkina Faso. Read More »

Trimble, a leading innovator of productivity solutions for the civil engineering and construction sectors, recently announced that a SITECH Technology Dealer has been launched for Benin, Burkina Faso, Gambia, Republic of Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Senegal and Togo. Read More »

Ivory Coast issued a 7-year bond for approximately $255 million on the market of the West African Economic and Monetary Union (WAEMU).  “The government's objective is to finance large-scale infrastructure investments,” Treasury Director Adama Kone said. Read More »

Deal will boost presence of American food giant in African market Read More »