Summit to bring together nation's top investors, economists and academics to discuss Nigeria's future. Read More »

The Abuja Light Rail construction project, which involves setting up a light rail system in the Nigerian capital, is to be complete by October next year. The project, whose worth has been indicated as $792 million according to reports, will be undertaken by China Civil Engineering Construction Corp. Read More »

Macfarlanes, LLC said Sept. 28 that it advised Heineken in the Brassivoire joint venture with distributor of brands CFAO to produce beer in Cote d'Ivoire. Heineken owns 51 percent of Brassivoire while CFAO owns a 49-percent stake. The new brewery will incorporate the newest technologies and be located in the new PK24 industrial zone to the north of the city of Abidjan. Read More »

Access Bank, Plc, the full service commercial bank with headquarters in Nigeria and operations across Sub-Saharan Africa and the U.K., announced its audited results for the first half ending on June 30. The bank recorded a strong performance in the first half of the year, reasserting its capacity and resolve to deliver strong returns in spite of a tighter operating environment. Read More »

African financial institution Guaranty Trust Bank (GTBank) reaffirmed its position as a leading global brand following its recognition for good corporate governance at the 2015 African Business Awards held on the sidelines of the U.N. General Assembly in New York on Sept. 23-24. The African Business Awards, now in its seventh year, was launched by African Business magazine. Read More »

Media and content group Vivendi announced plans to open 10 live-performance venues in Central and West Africa under the name CanalOlympia. The first CanalOlympia halls will be in Conakry in Guinea, Cotonou in Benin, Brazzaville in the Republic of the Congo and Dakar in Senegal. CanalOlympia halls will offer artists a chance to perform and will create a network of venues where tours can be organized. Read More »

RESOLVE President and CEO Stephen D’Esposito joined Chelsea Clinton and other leaders at the Clinton Global Initiative (CGI) Annual Meeting in New York on Sept. 27 to announce a new CGI Commitment to Action, “ReGrow West Africa: Post-Ebola Private Sector Recovery.” ReGrow West Africa was selected for its “exemplary approach to addressing a critical challenge.” Read More »

Luxembourg-based gold producer La Mancha has announced it is combining its Côte d’Ivoire assets with Endeavour Mining to create a leading gold company in Africa. Read More »

TAOL Senegal Ltd., in which Cap Energy PLC holds a 49 percent participation through the fully owned subsidiary Sencap, has entered into a farm-out option agreement with FAR Ltd. for the Djiffere block offshore Senegal. The western part of the Djiffere Block is located along geological trend with the shelf play types identified in the eastern part of FAR's RSSD blocks. Read More »

On Friday, Heineken and CFAO announced the formation of a joint business venture in Ivory Coast under the name of Brassivoire to produce and market beer in the country. The two partners will invest around $168 million, and the brewery will have a capacity of 1.6 million hectolitres per year. The site will brew Heineken and other brands for the domestic market. Read More »

Bharti Airtel will use Liquid Telecom terrestrial fiber network to connect mobile base stations and enterprises, giving its mobile broadband subscribers in Africa faster Internet access speeds on its 3G and 4G networks. Airtel will leverage Liquid Telecom’s existing 12,427-mile-long fiber network across East, Central and Southern Africa, as well as employ new infrastructure. Read More »

The United States Trade and Development Agency today awarded Senegal Minergy Port a grant to design, finance and build a new multi-commodity port in Bargny-Sendou. USTDA’s grant will fund a feasibility study to provide SMP with a proposed design, terminal layout and operational plan for the port. The study will also assess the port’s environmental and social impact. Read More »

AMI began operating a Beechcraft Corporation 1900C from James Spriggs Payne Airport in Monrovia, Liberia. The turboprop will provide general aviation and aero-medical evacuation services to West Africa, including Liberia, Sierra Leone, Guinea, Cote d'Ivoire, Ghana, Senegal, Mali, Niger and Nigeria. It is able to support critical patients using advanced life support equipment. Read More »

Canadian Overseas Petroleum, Ltd (COPL) provided a positive update on its activities in offshore Liberia on Sept. 23.  COPL said its project which is mainly exploring the deep water Block LB-13 is on schedule for a well to be drilled in late 2016 in the 2nd Exploration Phase, with the primary goal of proving a commercial quantity of hydrocarbons in the Cretaceous Santonian-age reservoirs. Read More »

Sage West Africa recently said that a hard-line attitude to noncompliance by Nigerian federal and state tax authorities means that companies must get all their processes and paperwork in order to avoid tax troubles in the months to come. Nigeria’s Federal Inland Revenue Service announced in August it would crack down on tax evaders by conducting increased audits of companies. Read More »

Independent gas and oil explorer FAR, Ltd. announced Sept. 24 it has entered into a farm in option agreement with a subsidiary of Trace Atlantic Oil, Ltd. for the Djiffere block offshore Senegal. The Djiffere block is adjacent to FAR’s prospective Rufisque, Sangomar and Sangomar Deep (RSSD) blocks that contain significant SNE-1 and FAN-1 oil discoveries. Read More »

While hydropower has been the main source of electricity for Ghana, the urbanization of the country has led to the demand for better power options. New thermal and solar power plants are coming to Ghana after the demand finally gained massive investments in other sources of power from the country’s government. More than 1,800 megwatts from five emergent barges are expected soon. Read More »

The first edition of the new vegetarian magazine, Health Africa, was released this month in the Ghana market to spread information and positive feelings about vegetarianism. The magazine, which is written in both English and French, seeks to demystify individual perception and misconception about vegetarianism using a plant-based diet. The magazine is an 80-page publication. Read More »

Ghana recently was elected to serve on the Executive Council of the United Nations World Tourism Organization (UNWTO) during the 21st session of its General Assembly, which met in Medellin, Colombia this month. The General Assembly is considered the most important global meeting of tourism ministers, senior tourism officials and high-level private sector representatives. Read More »

Elenilto was chosen by the Togolese government to develop a $1.4 billion phosphate mining and fertilizer plant project in West Africa. Controlled by Isreali billionaire Jacob Engel, Elenilto is cooperating with Wengfu as its strategic partner. Wengfu is one of the leading international phosphate and fertilizer groups with vast experience in the industry in China and globally. Read More »