800 Commerce Inc. recently completed its acquisition of West Africa-based Petrogres Co. Limited and all its subsidiaries and assets. Petrogres, founded in 2009, is an oil and LNG shipping company operating in the Marshall Islands, Greece and the United States. The company quickly became a majority player in West Africa with its four vessels pushing crude oil and oil product. Read More »

Global payment company Visa Inc. announced Tuesday that it is opening an office in Côte D'Ivoire. This expansion is part of Visa's strategy with the World Bank Group to provide universal financial access and electronic payment accounts to 500 million people by the end of 2020. Visa is working with several government representatives and local organizations to establish its new office. Read More »

To prevent debit and credit card fraud for West African users, representatives from Visa Business School is hosting a three-day fraud prevention workshop in Dakar, Senegal. Topics being covered at the workshop, which was attended by 17 banks, included the latest technology in debit and credit cards and best practices for using them as well as fraud trends and how to detect them. Read More »

Resource Improvement and Manufacturing Company Limited (RIMCO), under the umbrella of Nigerian-based Chicason Group, awarded Florida-based NV5 Global Inc. a contract to handle its technical services. The contract signed by the two companies was worth more than $3 million. NV5 was paid in advance for all sub-phases, along with a 30 percent pre-payment for program initiation. Read More »

African capital markets experienced some hard times in 2015, according to PwC "2015 Africa Capital Markets Watch" released Monday. The report includes studies of equity and debt capital market transactions that took place between 2011 and 2015 on exchanges across Africa; it also looks at transactions completed by African corporations using international exchanges. Read More »

Sage gathered more than 700 of its business partners together for its first Business Partner Conference in South Africa Wednesday. Taking a significant step forward in becoming a worldwide market leader for uniting payroll, accounting and payment systems, the conference included a variety of presentations from Sage CEO Stephen Kelly and Safe International President Ivan Epstein. Read More »

U.S.-based hydrogen fuel technology company MagneGas Corp. signed a memo of understanding (MoU) with Sierra Leone-based Masada Waste Management, which will import MagneGas fuel and equipment, MagneGas said on Wednesday. Read More »

Sage International launched Sage HR Management (HRM) in Lagos Tuesday. HRM's target market is mid-size and large enterprises in the manufacturing, distribution, services and healthcare industries. Sage HR Management can be purchased as a standalone product or as a module that features Sage X3. The technology allows businesses to take control of workforce costs. Read More »