African youth, government leaders meet for 5th Intergenerational Dialogue

Government officials, business leaders, policy makers and African youth met at the African Union Commission recently for the 5th Intergenerational Dialogue. The gathering was aimed at discussing and identifying the role of African youth in the continent's ongoing development in light of Africa's Agenda 2063 and the Sustainable Development Goals' strategic plans. 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 »

AUC, FAO partner to back Africa's Great Green Wall land restoration initiative

Land degradation and drought are issues that have plagued African farmers for generations. In an effort to find solutions to those and other challenges faced by Africa's farms, the African Union Commission (AUC) and the United Nations' Food and Agriculture Organization (FAO) have entered into an agreement to support a program called Great Green Wall. Read More »

Burkina Faso's Yaramoko Gold Project on budget, schedule

Roxgold Inc. released an update on its Yaramoko gold project Monday, located southwest of Ouagadougou, Burkina Faso. Mine operations are being conducted through Roxgold's subsidiary Roxgold Burkina Faso SARL. The project's feasibility study was completed in April 2014; Roxgold received the signed mining convention from the Burkina Faso Ministry of Mines for the project in 2015. Read More »

Alecto, Randgold enter joint venture to advance Mali's Kossanto West Gold Project

Alecto Minerals, an African-based gold and base metal company, has signed a joint venture agreement with Randgold Resources of the U.K. to spur progress on the Kossanto West Gold Project in Mali. Two exploration permits, Kobokoto Est and Koussikoto, have already been secured for the project; Randgold will hold 65 percent of the permit interests and Alecto will hold 35 percent. Read More »

Priority visa processing available in Senegal

Those looking to obtain a work visa in the West African nation of Senegal may have the option to use priority service. Those who pay for priority service are guaranteed their completed applications will move straight to the front of the visa queue. Normal non-settlement visa applications are typically processed within five to seven business days. Cost for priority service is $172.47. Read More »

Swedish company hired by Ivory Coast telecom provider for $2 million job

A major mobile operations corporation in the Ivory Coast has selected Swedish telecommunications provider Seamless to put in place a necessary transaction switch for $2 million. Seamless, which serves customers mainly in Africa, the Middle East and South America, will provide the Ivory Coast company with the information technology and logistics services necessary. Read More »

Ghana National Petroleum Corp. partners with Quantum Power on Tema project

Ghana National Petroleum Corp. (GNPC) recently partnered with pan-African energy investment firm Quantum Power on the storage, re-gasification and delivery of liquefied natural gas (LNG) on the Tema project in Tema, Ghana. Spanning 20 years, the project will cost more than $550 million to get started. It is estimated the project will produce 3.4 million tons of LNG annually. Read More »

AXA becomes exclusive insurance provider for Africa Internet Group

As the result of a transaction worth more than $85 million, global insurance provider AXA became the exclusive insurance products and services provider for e-commerce firm Africa Internet Group (AIG) Tuesday. Under the terms of the agreement between the two companies, AXA will also own about 8 percent of AIG's capital. AIG's extensive portfolio of mobile platforms includes Jumia. Read More »

Germany funds agricultural, vocational projects in Benin and Togo

The agriculture sectors in the West African nations of Benin and Togo will receive a financial boost in 2016 from the European nation of Germany. Benin will receive more than $22 million to fund projects at the Green Innovation Center in Cotonou, which is part of Germany's and the International Food Policy Research Institutes' "A World Without Hunger" initiative. Read More »

Estimates increased for South Hounde gold mine in Burkina Faso

Officials of Canadian mining and exploration company Sarama Resources Ltd. released revised mineral resource estimates for one of its projects in the West African nation of Burkina Faso. An 87 percent increase in the oxide component of inferred mineral resources was found at the South Hounde Gold Project, and a 40 percent increase was found in total inferred mineral resources. Read More »

U.K., Nigerian aviation officials partner on security initiatives

To boost aviation security, officials from the West African nation of Nigeria and the United Kingdom have partnered to come up with strategies to prevent acts of terrorism from happening on airplanes. For the past several years, British High Commissioner Paul Arkwright and the U.K. Department of Transport have worked on aviation security initiatives with Henrietta Yakubu. Read More »

16 million Nigerians logging on to Facebook each day

Technology use in the West African nation of Nigeria is growing rapidly as is evidenced by recent statistics, showing that 16 million in Nigeria visit Facebook each day. Facebook officials recently visited Nigeria to find out how people were using the site and what would make it better for them; already, 100 percent of Nigerian users access Facebook via the site's mobile app. Read More »

Chevening Alumni Ghana Association launched

Hosted by the British High Commissioner, the Chevening Alumni Association was launched Wednesday and attended by many past recipients of scholarships and fellowships. Some of Ghana's most influential people have been recipients of Chevening scholarships and fellowships; worldwide, 44,000 people have received Chevening scholarships. Honorees are chosen by members of British embassies. 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 »

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