Afrimax Group’s recently received a $120 million growth found from Mitsui & Co., a consortium investor, to implement its LTE-based business across Africa. Read More »

GroFin Small and Growing Businesses (SGB) Fund in Africa was launched Wednesday. Read More »

Vedanta Limited and Cairn India Limited recently announced that both companies will merge. Read More »

Liberian Vice President Joseph N. Boakai recently told the United States-Liberia Trade and Investment Forum that Liberia is seeking strategic partnerships in several trade areas. Read More »

Vaalco Energy recently announced that the North Tchibala 1-H well was brought online at a rate slightly in excess of 3,000 gross barrels of oil per day. Read More »

APR Energy, a global fast-track power solutions company, recently announced that it has completed the installation and commissioning of its new two-year, 35-megawatt project for Botswana Power Corp. (BPC) and the 48-megawatt expansion of its existing project for Senelec, Senegal's national electric utility. The project builds on a relationship that began in 2010. Read More »

Liberian Vice President Joseph Boakai stressed his confidence in Liberia's recovery from the consequences of Ebola virus crisis and a return to positive economic growth of $3.8 million. The speech was made during the U.S.-Liberia Trade and Investment Forum. The effects of the Ebola virus, which killed more than 11,000 people in West Africa, was one of the main topics discussed. Read More »

Etty Ekolan Alain won the the top prize for its project Ivoire Hydro Energy at the second edition of West Africa Forum for Clean Energy Financing. Based in Ivory Coast, Ivoire Hydro Energy is an start-up that aims to design, construct and operate a 44-megawatt hydro power plant on the country’s Bandama River under a concession agreement signed with the government. Read More »

Kinross Gold announced the release of its updated 2015 full-year guidance that features the firm’s all-in sustaining cost, cost of sales, capital expenditures, production and overhead. Kinross Gold also announced that it is exploring opportunities to further reduce overhead. Kinross Gold has mines and projects in Ghana and Mauritania as well as the U.S, Brazil and Russia. Read More »

The Board of Directors of the Millennium Challenge Corporation approved a $256.7 million U.S. grant to Liberia under the Millennium Challenge Compact program. The grant will fund projects in electricity, road maintenance, reforms and capacity building. Liberia said the grant will have a significant impact on Liberians through poverty reduction, job creation and economic growth. Read More »

Phase3 Telecom said its goal is to strengthen its commitment to offering the best solutions that will amplify the operations of clients across West Africa. Phase3 Telecom, West Africa’s largest independent fiber optic infrastructure and telecommunications services provider, recently started deploying an aerial fiber optic infrastructure from Kano in Nigeria to Gazaoua in Niger. Read More »

Endeavour Mining Corp. announced that it has entered into a long-term strategic partnership with La Mancha Holding, SARL, a privately held gold investment company controlled by the Sawiris Family. As part of the transaction, Endeavour will acquire La Mancha’s indirect 55 percent interest in Societe des Mines d’Ity, S.A., which operates the Ity Gold Mine in Ivory Coast. Read More »

Teranga Gold Corp. President and CEO Richard Young updated the company's third-quarter operating results and strategic growth initiatives during a presentation at the Denver Gold Forum on Tuesday. Teranga Gold, a Canadian-based gold company involved in the production and sale of gold, also is involved in exploration and mine development in Senegal. Read More »

The African Islamic Finance Forum 2015, giving potential investors an opportunity to explore development opportunities in Islamic finance in the Ivory Coast, was held at the Sofitel Abidjan Hotel Ivoire. The two-day event featured discussions about key African markets. The first day included a global overview of Shariah-compliant transactions and the industry as a whole. Read More »

Rachid Benmessaoud has been named country director for Nigeria and coordinating director for the West Africa Regional Integration Program at The World Bank. Benmessaoud has been with World Bank since 1990, when he came on as an energy planner. The Morocco native has held various jobs with the company including operations adviser for India and country director for Pakistan. Read More »

Victor Boacharie Foh, vice president of the Republic of Sierra Leone, today concluded a six-day visit to Liberia where he was the guest speaker at the Cuttington University commencement convocation. Accompanying Foh was a 12-member delegation that included his wive, Jonta Memunatu Foh;  the Minister of Youth Alimamy Kamara; and Jengo Stevens, adviser to the vice president. Read More »

East View Geospatial recently acquired the rights to sell Senegal’s nationally produced maps and data across the globe in digital and hard copy formats. The partnership covers a catalog of 687 products including topographic maps, digital elevation models, GIS/Vector data, nautical and aeronautical charts and geological and scientific maps in a variety of formats and scales. Read More »

Digital payment and commerce provider Interswitch has announced a corporate rebrand to reflect its leading market position and continuing ambition to increase its delivery of world-class service across the African continent. The new bold-but-simple design captures the Interswitch brand’s personality, drive and values of integrity and trust, according to the company Read More »

A group from the International Monetary Fund visited Dakar, Senegal earlier this month to discuss a three-year agreement under the Policy Support Instrument (PSI) approved in June. The PSI is a flexible tool allowing low-income countries that do not want -- or need -- financial assistance to still receive the IMF's advice and support without a borrowing arrangement.  Read More »

Telecom services in Mali are forecast to generate $789 billion in revenue this year, according to a report posted by Hexa Research, Inc. on Sept. 22. Mobile voice will be the major contributor for revenue in the mobile service industry, and the growing adoption and usage of low-cost smartphones and value-added services will drive mobile data growth. Read More »