ECOSLOPS, a company that makes marine fuels and diluted bitumen from recycled maritime slops and sludges, is taking its first steps toward developing a recycling plant at Ivory Coast's Port of Abidjan. An agreement in principle is in place providing for 5 hectares of land in the port area. Technical studies will now commence, and ECOSLOPS officials will begin seeking local partners. Read More »

IMF Managing Director Christine LaGarde tackled a number of issues as she spoke before the Nigerian National Assembly. Lagarde highlighted the nation's peaceful election, saying it was a strong sign of Nigeria’s commitment to democracy." Lagarde addressed the nation's reaction to falling oil prices, the tightening of the global economy, geopolitical tensions and faltering economies. Read More »

MainOne is optimistic about the future of business in Nigeria. As the West African nation goes into a new year with a new leader and administration, the company is committed to facilitating the nation's future. MainOne is committed to investment opportunities to launch and maintain ISP services throughout Nigeria. Read More »

African Petroleum Corp. Ltd was removed from the NSX for Australia Monday prior to NSX's opening. The company continues to be listed on the Oslo Axess stock exchange. African Petroleum operates as an oil and natural gas exploration company that has operating licenses in West Africa and offshore. It reports approximately 28,448 square kilometers across its 10 licensed operations. Read More »

Minerva Bunkers will supplement its marine fuel trading business in West Africa by opening a full-service fuel supply operation in the region. By March, the company will have two tankers plying the region's waters. The Sea Lion I, one of the company's current vessels, can pump up to 1,000 metric tons of crude per hour. Its sister vessel will have similar capacity. Read More »

IMF Managing Director Christine Lagarde issued a statement following her visit to Nigeria Thursday. Lagarde noted that Nigeria makes up the largest economic block in Africa and that it has a diverse economy that is no longer reliant on oil and agriculture. Lagarde met with Nigerian Finance Minister Kemi Adeosun, Central Bank Governor Godwin Emefiele and President Muhammadu Buhari. Read More »

The acquisition of Goldrush Resources Ltd. was completed by First Mining Finance Corp. The arrangement dictates that any issued shares into Goldrush Resources will be transferred to First Mining. First Mining also has acquired the outstanding shares associated with Goldrush Resources. Current shareholders will receive .0714 of one First Mining share for every share. Read More »

The WMO detailed the progress of its four-year project to help farmers in West Africa utilize meteorological tools. The MetAgri Operational project consisted of seminars that had participation from approximately 10,600 farmers; and 17 countries were represented in the form of participating National Meteorological and Hydrological Services, agricultural extension workers and farmers. Read More »

The USDTA is accepting proposals for power projects that will help advance the ambitions of Power Africa, which was launched in 2013 by President Barack Obama to improve electricity access throughout Africa as a means of simulating economic growth and development. The program will invest in renewable and gas-fired power production, grid modernization and energy efficiency. Read More »

AGG Inc. is selling its Ghanaian subsidiary to help pay for a feasibility study of its exploration site in Mali. SGL will buy AGG Ghana Limited for $1.2 million in cash. In acquiring AGG Ghana, SGL will take control of up to eight AGG assets in Ghana, including the 176-square-mile Asankrangwa Tenements and AGG's Nyankumasi concession. SGL paid a $200,000 deposit to secure the deal. Read More »

The 48th meeting of the Economic Community of West African States (ECOWAS) took place Dec. 17 and Dec. 18. The meeting, which took place in Abuja, Nigeria, was headed by Macky Sall, president of Senegal and ECOWAS chair. The meeting was a chance for heads of ECOWAS nations to discuss peace and security issues, including the new cross-border threats to the ECOWAS region. Read More »

The West African Development Bank (BOAD) recently set an ambitious goal of attracting $500 million in international investment during the final quarter of 2015. Read More »

Nigeria Minister of State for Petroleum Resources Ibe Kachikwu has been working over the past week with officials from the NNPC to ensure that an adequate supply of petroleum is kept flowing to not only the nation's cities, but also to both rural and outlying areas. Over the holidays, Kachikwu and NNPC oversaw the trucking of more than 22 million liters of petroleum across Nigeria. Read More »

A solar lamp that won the VELUX Natural Light International Design Competition last year is being manufactured, and 14,500 of them will be available for sale to residents of Senegal, Zimbabwe and Zambia. The lamp was designed by Mariana Arando and Luca Fondello of the University of Buenos Aires, Argentina. The next step for the company is training 150 locals in those respective countries to act as VELUX sales agents Read More »

A delegation of African printing and graphic leaders will attend the 19th annual Sign and Graphic Imaging (SGI) Dubai trade show Sunday through Tuesday at the Dubai World Trade Centre.Organized by International Expo Consults (IEC), the event is expected to attract more than 12,000 visitors from across the globe. Read More »

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 »