Islamic Development Bank signed two developments financing agreements worth $91 million (USD) with Tajikistan and Togo during the World Bank and International Monetary Fund (IMF) annual meetings in Lima, Peru. The first agreement, totaling $70 million (USD), established between Tajikistan Minister of Finance Abdusalom K. Kurboniyon and IDB Group President Dr. Ahmad Mohamed Ali. Read More »

In Nigeria, they will build Four Points by Sheraton Abuja and Residences and the Westin Abuja and Residences; in Kenya, they will build Four Points by Sheraton Nairobi Airport; in Senegal, they will build Aloft Dakar; in Tanzania, they will build Element Oyster Bay Dar es Salaam; in Mali, they will build Sheraton Bamako; and in Egypt, W Sharm El Sheikh and W Sharm El Sheikh.  Read More »

The Ivory Coast, Senegal, and Guinea will make unprecedented investments in infrastructure for their respective countries.For the Ivory Coast, its government is expected to invest $25 billion (USD) in infrastructure by 2020. Finance Minister Niale Kaba recently announced that 94 projects, including highways, would be invested in from 2016 to 2020 with public-private partnerships. Read More »

Teranga Gold Corporation completed a non-brokered $17,471,088 private placement with David Mimran, CEO of Grands Moulins d'Abidjan and Grands Moulins de Dakar, one of the largest producers of flour and agri-food in West Africa Wednesday. In addition to the Mimran family having a legacy of operating effectively in Africa, Teranga is looking to foster long-term growth of its company. Read More »

Kinross Gold Corporation officials responded to media inquiries Oct. 5 about the regulatory review occurring on its West Africa mining operations. Kinross says it is fully cooperating with the SEC and DOJ and continues to diligently pursue its own internal investigation, which, over the course of the past 25 months, is yet to identify any issues that would have an adverse effect. Read More »

The Organization for Cooperation and Economic Development (OECD) and the West African country of Mali will hold an international conference Thursday to discuss the peace and reconciliation agreement that was signed in June. The event will be held at the OECD Conference Centre in Paris and attended by government and private sector representatives and international partners. Read More »

Togo and United States have announced the establishment of a bilateral Open Sky agreement between the two countries. Read More »

Ericsson has announced the signing of its first managed rural coverage deal with MTN Berlin, bringing mobile coverage as a service to parts of central and northern Benin. Read More »

Lifting Businesses manufacturer Konecranes has received an order for 13 Rubber Tired Gantry (RTG) cranes from Bolloré Group. Read More »

The first building order is for the design, supply and supervision of an 8,500-square-meter manufacturing and services plant for General Electric-Emerald Oil & Gas in Calabar, Nigeria. The second building will be located in Anyama, Ivory Coast. About $6 million, the project includes buildings for a new Heineken brewery and is anticipated to be completed sometime in 2016. Read More »

CR2's BankWorld omnichannel suite has been selected to manage self-service bank software for Access Bank. Read More »

Savary Gold Corp., which oversees the Karankasso Project Joint Venture of Sarama Resources Ltd. and Savary, declared a maiden Inferred Mineral Resource estimate of 671,000 ounces of contained gold at the Karankasso Project JV in the West African nation of Burkina Faso Oct.8. Additionally, Savary as well as independent consultants conducted geological modeling work at the site. Read More »

Samsung Electronics launched its Galaxy Note 5, its newest smartphone, Oct. 7 in Nigeria. The device features a S-Pen, a suit of apps, a curved backside and 4GB of RAM. Due to the extended memory, apps work in the fastest memory available. The S-Pen comes with a clicky top and a nib, similar to ballpoint pens and also allows users to write without unlocking the device. Read More »

Ghana became an official OECD Development Centre member on Oct. 6, making it the 50th country to join the organization, which finds policy solutions to promote growth and boost life quality in emerging economies. As a member, Ghana will engage in the OECD Development Centre’s lead initiatives, such as the policy dialogue on Natural Resource-based Development. Read More »

Organized by the government of Ghana, the ECOWAS Commission as well as AME trade, ECOMOF promotes and develops the mining and petroleum potentials in the ECOWAS region. During the forum, participants engaged in interactive workshops, an industry conference with plenary and parallel sessions, roundtables, country presentations and technical tours. ECOMOF will be held every two years. Read More »

Everjobs will extend its online employment website to include 20 African countries by the end of 2016. The expansion is needed to provide African SMEs with access to the best talents, which Eric Lauer, CEO of Everjobs Uganda, said is currently not available. Lauer also spoke to the aggressive rate his company is growing in staff and gave projections about internal employment. Read More »

Online classified company OLX Nigeria celebrated three years in operation by hosting its top car dealers at Rooftop restaurant in Victoria Island, Lagos, Oct. 6. During the anniversary event, OLX managers reinforced the company's commitment to investing in innovation in order to improve its services in the region and spoke to their contribution to the e-commerce market. Read More »

Eutelsat Communications has announced a partnership with Facebook that aims to improve satellite technologies and increase Internet access in Africa. In an agreement with Spacecom, the companies will use the the Amos-6 satellite and develop a system with satellite capacity, gateways and terminals. The project is expected to start in 2016. Read More »

With members negotiating and agreeing unanimously to accept the nation into the organization, Liberia last week became the eighth least-developed country to become a member of the World Trade Organization. The terms of Liberia’s pending membership will come before the 10th Ministerial Conference in Nairobi, Kenya Dec. 15-18. Read More »

Greater access to broadband would allow for more innovation and increased opportunity for Africa, Tony Dolton, CEO of Unitel in Angola, said. Dolton added that the impact of the digital transition on the telecoms and media sector is the convergence of content and delivery and the need to be “connected always,” meaning network infrastructure needs more investment and development.   Read More »