Endeavour Mining Corp. recently sold its Youga Gold Mine in central Burkina Faso to MNG for $25.3 million. Endeavour executives described the sale as a way to streamline the company's portfolio while providing value to others in the mining industry. The Youga mine is approximately 112 miles southeast of Ouagadougou. At the end of 2015, the mine showed reserves of 17.8 million tons. Read More »

The 18th Annual Africa Energy Forum will be held June 21 to June 24. The event is billed a major networking opportunity for African energy professionals seeking investment and partnerships, a dynamic that will be emphasized by this year's theme. Event organizers expect to expedite the forming of new business relationships by providing a mobile networking app. Read More »

President Muhammadu Buhari encouraged local Nigerians Monday to increase their patriotism and selfless service in order to make the nation more attractive to foreign investors. At a town hall meeting, President Buhari spoke with several Nigerian community members from Doha. He stated that the federal government will develop a positive environment for investments in Nigeria. Read More »

Clarion Events' WrB Africa event is scheduled for April 11 and April 12 to explore and applaud the gaming potential in Sub-Saharan Africa. The event is the first summit dedicated to finding opportunities and encouraging a standardized framework for developing a sustainable, strong gaming industry located in the region. There will be several guest speakers at the event. Read More »

Catchpoint Systems Inc. has expanded in the last quarter, adding more than 50 monitoring nodes. The new African nodes were installed in Nigeria, Ghana, Tanzania, Kenya, Uganda and Botswana. With that expansion, the company operates more than 500 nodes all over the world. The new node coverage was necessitated by customer demand for better digital user features and usability. Read More »

A group of Saudi Arabian business people, led by Abdulrahman Al Zamil, recently visited Nigeria. The delegation met with Muhammadu Buhari, president of Nigeria, to discuss how to enhance economic cooperation and relations between the nations. Buhari pointed out that Nigeria offered a variety of incentives for foreign investors and encouraged the Saudis to research them. Read More »

Stakeholders in Africa's mining sector are invited to attend the Mining Investment Africa 2016 Conference, which will take place June 7 to June 9 in Abuja, Nigeria. Last year, the conference saw an audience made up of geological surveyors and representatives. This year's event will feature keynote presentations, interactive panels, expert interviews and roundtable discussions. Read More »

Officials from CFL will be at the CG-LA Infrastructure Conference, set for March 11 in Washington, D.C., to unveil an update on the high-speed rail project currently being developed in Ghana. The project commenced in 2015 at the behest of Rashid Pelpuo of the ministry of Public Private Partnerships. After a feasibility study, CFL began construction of the high-speed railway. Read More »

Fatima Haram Acyl took to the radio waves Friday to update Ethiopian Afro Radio 105.3 FM's listeners on the organization's initiatives and how they could get involved. Acyl spoke about the need to get industrialization moving forward, which would in turn decrease the continent's high unemployment rate. She pointed out that the continent has strong resources, both human and natural. Read More »

Alepo has partnered with Africell to develop an all-in-one data monetization platform for customers in Sierra Leone, Uganda, the Gambia and the Democratic Republic of the Congo (DRC) using Africell's 3G and Planned LTE Networks. The companies entered into a multi-national contract to integrate Alepo's policy control solution with Africell's planned African LTE networks. Read More »

In an effort to increase its presence in West Africa, Sony Music Entertainment has launched operations in Lagos, Nigeria. The new office will be the central location for Sony's planned expansion in West Africa. The company has also signed Nigerian artist Davido to a worldwide record deal. West African listeners can also hear musical offerings via MTN Nigeria's IMI. Read More »

With its acquisition of 100 percent of the shares of Nigeria's FBN Microfinance Bank (FBN MFB), Letshego Holdings Limited of Botswana has made its first investment in West Africa. Letshego, which operates in nine nations throughout eastern and southern Africa, presently serves more than 265,000 customers. Company officials estimate Letshego will gain more than 385,000 customers. Read More »

In an effort to streamline business operations, a BRC has been put in place for programs in Ghana that are funded by the Department for International Development (DFID). The DIFD is a United Kingdom-based governmental department that administers aid to nations overseas in an effort to promote sustainable development and stem poverty. In Ghana, DIFD funds the BEEP. Read More »

The poor in Ghana and Tanzania will have better access to financial services through Financial Inclusion on Business Runways (FIBR), a new initiative of global consulting firm BFA and the MasterCard Foundation. This multi-million-dollar project will span four years and see financial experts gathering and digitizing data from business transactions in Ghana and Tanzania. Read More »

To address the economic consequences of plummeting oil prices, Gene Leon led an International Monetary Fund (IMF) team on visits to Abuja, Nigeria, Dec. 14 to Dec. 17 and Lagos Jan. 10 to Jan. 25. The visits were part of a required 2016 Article IV consultation. Leon said the Central Bank of Nigeria, in an effort to protect reserves, had implemented foreign exchange restrictions. Read More »

Clavister recently entered into a distribution agreement with West African company Defis & Strategies Group. Defis & Strategies provides services for businesses in the West African nations of Burkina Faso, Togo, Senegal, Congo, Cameroon and Ghana. Under the terms of the distribution agreement, the company will sell and distribute Clavister’s NGFW and gateway security solutions. Read More »

The African Union Commission (AUC) and European Union (EU) partnered Wednesday to host a two-day workshop, where representatives from businesses and organizations with an interest in the energy sector began developing a cooperative framework for energy. The workshop is part of the AUC's Sustainable Energy for All (SE4ALL), Eastern and Southern Africa initiative. Read More »

The inaugural meeting of the Continental Free Trade Area Negotiating Forum (CFTA-NF) took place in Addis Ababa at the African Union Commission (AUC) headquarters. The Continental Free Trade Area was established last June during the 25th Ordinary Session of the Assembly of Heads of State and Government of the African Union. The target date for it to be completely operational is 2017. Read More »

Azzad Asset Management expanded its offerings Tuesday with ethical trade financial opportunities for Asian and African clients through its Azzad Wise Capital Fund. It is estimated that the unmet demand for trade finance in Africa carries a price tag of between $110 and $120 billion. The majority of the fund is made up of sukuk and community development bank investments. Read More »

GSMA Foundation and government officials from the U.K. have come together to make mobile technology more accessible to underserved areas. The initiative will be funded by the U.K.'s DFID. Technologies to be included in the program are those that can enhance natural disaster response as well as assist individuals with finding financial services, clean water and sustainable energy. Read More »