Natural resources focus of AU's Peace and Security Council meeting

The African Union's (AU) Peace and Security Council's theme of "Natural Resources and Conflicts in Africa" marked its 575th meeting Feb. 11. Speakers emphasized the value of natural resources and the role they play in Africa's economy, pointing out that bad management and less-than-equal distribution of those resources could mean financial troubles and conflicts on many levels. Read More »

Adjei tapped as managing director of Ecobank's Central, Eastern and South African region

Samuel Adjei was promoted to managing director for the company's CESA region. “I have spent the last 25 years of my life, contributing to and helping to build this great institution of ours – Ecobank," Adjei said. "But the real credit goes to the many great men and women alongside whom I have worked in Ecobank Ghana, the West African Monetary Zone region and Ecobank overall." Read More »

World Bank program aims to strengthen Burkina Faso's agricultural sector

To ease the strain on Burkina Faso, officials recently urged its food producers to take advantage of the World Bank's Agricultural Productivity and Food Security Project, a matching grant program. The match from farmers can be made through land preparation and other community services. The World Bank is encouraging women in particular to make use of the program. Read More »

NNPC to partner with National Assembly on petroleum initiatives

During a recent visit to the NNPC, Nigeria's Minister of State for Petroleum Resources and NNPC Managing Director Ibe Kachikwu announced the corporation's plans to partner with Nigeria's National Assembly on modernizing and streamlining Nigeria's petroleum industry. This joint venture will help NNPC launch additional retail outlets so petroleum products are more readily available. Read More »

Gryphon Minerals extends option on Mauritania gold projects

Gryphon Minerals Ltd. has extended the option on several permits granted last October to Algold Resources Ltd., including two projects in Mauritania. For the extension, Algold transferred 300,000 common shares of Algold stock to Gryphon. The option will allow for Kanosak Barbados Inc. to acquire exploration licenses for the Tijirit and Akjoujt gold projects in Mauritania. Read More »

Port of Houston offering container service to West Africa

The Port of Houston Authority in Texas achieved a milestone Friday, with its inaugural regular direct container service to West Africa from the authority's Barnours Cut Container Terminal. The Port of Houston Authority is the largest container port in the U.S. Gulf of Mexico; its workers handle approximately two-thirds of all the gulf's container traffic. The carrier used for the historic launch was Grimaldi Lines. Read More »

Tagpay honored with Kalahari Award for Best Technology Enabler Platform

Digital banking platform TagPay recently received the Kalahari Award for Best Technology Enabler Platform during the Remittance and Mobile Money Expo in Lagos, Nigeria. The Kalahari Awards honor organizations that have made a positive impact on Africa's remittance services and mobile financial services sector. Winners are chosen by an independent panel of expert judges. Read More »

New Huawei G-Power device available through online retailer Jumia

Huawei G-Power is now available through online shopping site Jumia Nigeria. Huawei, an android smartphone and accessories provider, developed the Huawei G-Power device to help Nigerian smartphone users charge their devices as well as extend battery life. The device also includes memory for document and file saving and a high-quality camera that comes with a free Bluetooth Swan speak. Read More »

GTBank Gambia honored by Global Banking & Finance Review

GTBank Gambia was honored by Global Banking & Finance Review as Best Commercial Bank and Best Internet Bank. According to Kingsley Mobolaji Ayodele, the awards were the result of a staff that delivers high-quality financial services to the people of Gambia. He also thanked GTBank's customers for "their unflinching loyalty to the bank" and the bank's board of directors and management. Read More »

Estimates in for Siribaya gold project in Mali

Resource estimates are in for a deposit that is part of a joint venture gold mining project in the West African nation of Mali. Canadian company IAMGOLD Corp. owns the Siribaya project, a joint venture with Merrex Gold Inc. Each company owns 50 percent interest in the project. The estimate reports are a requirement of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). Read More »

IOM provides alternatives to child trafficking in Ghana's Volta Region

IOM recently provided business assistance to fishermen. Typically, fishermen in this region use trafficked children to help them fish. Consequently, in addition to providing funding, IOM representatives showed 12 fishermen, who agreed to release trafficked children, how they could earn additional income producing cash crops or working in animal husbandry instead. Read More »

Ivory Coast admitted to Convention on the Limitation Period on the International Sale of Goods

The Ivory Coast became the 23rd nation added to the amended Convention on the Limitation Period on the International Sale of Goods as well as the 30th participant in the unamended Convention. The Convention has been in place since June 12, 1974, and puts in place rules about the time period in which any legal proceedings connected to an international sales contract must begin. Read More »

CaseWare Africa hosts forums to spotlight new technologies

In an effort to introduce more businesses to its products and services, CaseWare Africa will host forums in February in Nigeria and Kenya. Company officials hope leaders and associates of businesses looking to upgrade their software solutions will attend the forums, which will include sessions geared toward accounting and auditing practitioners and business financial professionals. Read More »

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