Africa Islamic Finance Forum wraps up Ivory Coast gathering

The Africa Islamic Finance Forum 2015 recently wrapped up its inaugural two-day event in the Ivory Coast. The two-day forum aimed to stimulate national and international market players to explore development opportunities in Islamic finance in African markets. Participants engaged on discussions on how to capitalize investment opportunities in strategic African markets. Read More »

Randgold, Anglogold Ashanti team up to revive Obuasi gold mine

Randgold Resources and AngloGold Ashanti made an investment agreement to reform and redevelop AngloGold Ashanti’s Obuasi gold mine in Ghana. The high-grade gold deposit at Obuasi has proven ore reserves. As part of the deal, Randgold will lead and fund a development plan to rebuild Obuasi as a viable long-life mining business with an attractive cost-structure and returns. Read More »

Mauritania and China agree to improved fishery activities

Mauritania and China recently agreed to enhance their fishery activities, while also combating illegal, unreported and uncontrolled fishing activities, and upgrading outdated fishing vessels off the coast of western North Africa. Of all African nations, Mauritania has been the longest to conduct fisheries cooperation with China and hosts the most Chinese fishing boats. Read More »

Elenilto to develop $1.4 billion Togolese phosphate, fertilizer project

Elenilto was chosen by the Togolese government to develop a $1.4 billion phosphate mining and fertilizer plant project in West Africa. Controlled by Isreali billionaire Jacob Engel, Elenilto is cooperating with Wengfu as its strategic partner. Wengfu is one of the leading international phosphate and fertilizer groups with vast experience in the industry in China and globally. Read More »

Ghana elected to serve on executive council of U.N. tourism organization

Ghana recently was elected to serve on the Executive Council of the United Nations World Tourism Organization (UNWTO) during the 21st session of its General Assembly, which met in Medellin, Colombia this month. The General Assembly is considered the most important global meeting of tourism ministers, senior tourism officials and high-level private sector representatives. Read More »

Bilingual vegetarian magazine Health Africa hits newsstands

The first edition of the new vegetarian magazine, Health Africa, was released this month in the Ghana market to spread information and positive feelings about vegetarianism. The magazine, which is written in both English and French, seeks to demystify individual perception and misconception about vegetarianism using a plant-based diet. The magazine is an 80-page publication. Read More »

Changes coming to Ghana’s power supply

While hydropower has been the main source of electricity for Ghana, the urbanization of the country has led to the demand for better power options. New thermal and solar power plants are coming to Ghana after the demand finally gained massive investments in other sources of power from the country’s government. More than 1,800 megwatts from five emergent barges are expected soon. Read More »

Oil exploration firm FAR gains option for Djiffere block off the shore of Senegal

Independent gas and oil explorer FAR, Ltd. announced Sept. 24 it has entered into a farm in option agreement with a subsidiary of Trace Atlantic Oil, Ltd. for the Djiffere block offshore Senegal. The Djiffere block is adjacent to FAR’s prospective Rufisque, Sangomar and Sangomar Deep (RSSD) blocks that contain significant SNE-1 and FAN-1 oil discoveries. Read More »

Canadian Overseas Petroleum provides update on Liberia project

Canadian Overseas Petroleum, Ltd (COPL) provided a positive update on its activities in offshore Liberia on Sept. 23.  COPL said its project which is mainly exploring the deep water Block LB-13 is on schedule for a well to be drilled in late 2016 in the 2nd Exploration Phase, with the primary goal of proving a commercial quantity of hydrocarbons in the Cretaceous Santonian-age reservoirs. Read More »

Aspen Medical International brings medical evacuation plane to Liberia

AMI began operating a Beechcraft Corporation 1900C from James Spriggs Payne Airport in Monrovia, Liberia. The turboprop will provide general aviation and aero-medical evacuation services to West Africa, including Liberia, Sierra Leone, Guinea, Cote d'Ivoire, Ghana, Senegal, Mali, Niger and Nigeria. It is able to support critical patients using advanced life support equipment. Read More »

Bharti Airtel partners with Liquid Telecom to enlarge fiber connectivity in Africa

Bharti Airtel will use Liquid Telecom terrestrial fiber network to connect mobile base stations and enterprises, giving its mobile broadband subscribers in Africa faster Internet access speeds on its 3G and 4G networks. Airtel will leverage Liquid Telecom’s existing 12,427-mile-long fiber network across East, Central and Southern Africa, as well as employ new infrastructure. Read More »

ReGrow West Africa partnership becomes a Clinton Global Initiative commitment

RESOLVE President and CEO Stephen D’Esposito joined Chelsea Clinton and other leaders at the Clinton Global Initiative (CGI) Annual Meeting in New York on Sept. 27 to announce a new CGI Commitment to Action, “ReGrow West Africa: Post-Ebola Private Sector Recovery.” ReGrow West Africa was selected for its “exemplary approach to addressing a critical challenge.” Read More »

Vivendi plans to open 10 performance venues in Africa

Media and content group Vivendi announced plans to open 10 live-performance venues in Central and West Africa under the name CanalOlympia. The first CanalOlympia halls will be in Conakry in Guinea, Cotonou in Benin, Brazzaville in the Republic of the Congo and Dakar in Senegal. CanalOlympia halls will offer artists a chance to perform and will create a network of venues where tours can be organized. Read More »

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