Sierra Leone starts project to cut charcoal use across nation

The Sierra Leone Ministry of Energy, with the support of the UNDP, has started a project to cut charcoal use in the country due to the dangers it causes to the environment and human health. In many places in Sierra Leone, charcoal is the main source of energy for households. Even in urban areas with access to electricity, many women prefer to cook using charcoal. Read More »

Bank of Sierra Leone hosts workshop on mobile financial services

The Bank of Sierra Leone, the United Nations Development Programme and the United Nations Capital Development Fund IGC recently wrapped up a three-day workshop on mobile financial services. The goal of the workshop was to find ways to integrate mobile banking into the lives of poor people throughout West Africa. The region is behind its African peers in mobile financial services. Read More »

IAEA to continue supporting Nigeria's developing nuclear program

The IAEA will continue to support Nigeria in the introduction of nuclear power. IAEA Director Yukiya Amano spoke with Nigerian President Muhammadu Buhari recently to discuss plans to open Nigeria’s first nuclear power plant by 2035. Amano encouraged Nigeria to begin preparations on the nuclear front by developing comprehensive nuclear laws and strengthening the regulatory framework.  Read More »

Catchpoint installs monitoring nodes in Africa

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 »

CFL to present update on Ghana's high speed rail project

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 »

Nigerian Stock Exchange using Nasdaq surveillance platform

Officials at the American stock exchange Nasdaq recently provided its SMARTS Marketing Surveillance platform to the NSE to improve NSE's compliance program. Putting SMARTS into place will allow NSE to better track possible incidents of market manipulation, spoofing and layering. Tony Sio, head of SMARTS, said Nasdaq was optimistic about its new partnership at NSE Read More »

PwC report highlights challenges in Africa's capital markets

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 »

IFRC says volunteers played crucial role to end of Ebola outbreak in West Africa

The IFRC recently credited local volunteers in helping to bring about the end of the Ebola outbreak in West Africa. The World Health Organization (WHO) officially declared the end of Ebola virus transmission in Liberia Thursday. The other two countries, Sierra Leone and Guinea, affected by the virus from 2014 were declared free of the disease toward the end of last year. Read More »