Ringier Africa Deals Group acquired DealDey, a Nigeria-based online platform for consumers, Wednesday. Kehinde Oriole, says that the company was pleased to be working with Ringier Africa Deals Group. DealDey has more than 1 million users, 20,000 verified businesses and 15,000 active merchants in its database, making it the largest online business of its kind in the region.  Read More »

An MOU was recently signed between the ICD of the Private Sector and the CADF. The MOU will enable trade, investment and economic growth to come to 19 African countries and their small to medium business enterprises (SMEs).The memorandum was signed by a number of individuals, including the CEO and general manager of ICD, Khaled Al Aboodi, as well as the president of CADF, Shi Jiyang. Read More »

The Nigerian Corn Growers Association Director Edwin Uche met with the U.S. National Corn Growers Association Tuesday to discuss his association's efforts. Uche held a number of discussions on increasing corn demand in Nigeria and encouraged an understanding of biotechnology and ethanol industry growth. He also discussed the dual purpose of corn as both food and fuel. Read More »

Sierra Leone announced Tuesday that the country has made progress in implementing the Solar Park Freetown Project. Progress includes the ratification of the ADFD loan by the government, the establishment of a working project implementation unit and the recent re-appointment of Advanced Science and Innovation Company as project manager. The Solar Park project won an award. Read More »

The AfDB board of directors recently approved a $25 million equity investment in the Abraaj Growth Markets Health Fund, a contribution that will allow the fund to finance lower-middle and low-income segments of the African population. The fund addresses investment capital needs of growing health care demands that have risen due to the continent’s rapid urban growth. Read More »

In a recent two-day visit to Tokyo, Akinwumi Adesina underscored the need for more Japanese private investments in Africa. Adesina met with the governor of the Central Bank of Japan, Haruhiko Kuroda; the president of JICA, Shinichi Kitaoka; the chair of the Sasakawa Group, Jiro Hanyu; and the executive vice president of JETRO, Katsumi Hirano as well as several other business leaders. Read More »

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 »

Nexus Gold Corp. has acquired the right to earn up to 100 percent interest in the Bouboulou gold concession located in Burkina Faso due to an agreement with Bureau D'Tude des Geosciences et de L'Enviroment. Read More »

EIB recently announced that it will loan $130 million to Côte d’Ivoire in support of the development of its ENERGOS project. Prime Minister Daniel Kablan Duncan and EIB Vice President Ambroise Fayolle signed the agreement during a ceremony at the prime minister’s office in the presence of government officials Adama Kone, minister of the Economy and Finance and Adama Toungara. Read More »

Mimran Natural Resources will take more than 45 percent of AFRIG's S.A.'s Senegalese sector. Read More »

The African Development Bank recently held a discussion with the government of Cote d’Ivoire on the country’s water sector. Louis-Andre Dacoury-Tabley, the minister of Water and Forests, and Anne Ouloto, the minister for Urban Safety and Sanitation, led the event. The leaders deliberated on how water can help job creation with Integrated Water Resources Management (IWRM). Read More »

Professor Neil Turok will donate the $10,000 monetary gift portion of the 2016 American Institute of Physics’ John Torrance Tate Award for International Leadership in Physics to AIMS. The donation will be used to set up the Thierry Zomahoun Scholarship at AIMS. The money will be awarded to an African student currently enrolled in the AIMS Master's program. Read More »

Zhao Yanba met with Haddijatou Jallow Tuesday to discuss climate change and protecting the environment. Jallow noted that she appreciated China’s support for the socio-economic development of Sierra Leone. According to Jallow, her country is the third most vulnerable in the world when it comes to climate change, as floods and droughts caused by the change creates severe negative impact. Read More »

Ivory Coast is set to host the Food and Agriculture Organization Regional Conference for Africa for the next two years. Read More »

The Overseas Private Investment Corp. and the U.S. Development Finance Institution recently announced it will open OPIC’s first West Africa and Central regional office in Abidjan, Ivory Coast. Read More »

Managing director of DHL Express Sub-Saharan Africa Hennie Heymans recently said his company believes the African continent is still ripe for investment and growth potential despite recent economic downturns. Read More »

The African Union Commission (AUC) held a roundtable discussion focused on the impact of drought, floods and declining commodity prices in Africa led by AUC Chairperson Dr. Nkosazana Dlamini Zuma. Read More »

Orezone Gold Corp. has announced that it arranged a $3.8 million investment by issuing 10 million common shares for 38 cents each. Read More »

According to the Organization for Economic Co-operation and Development (OECD), tax revenues are increasing throughout Africa – a key issue for economic development on the continent. Read More »

The Nigerian Young Professionals Forum (NYPF), in partnership with Heritage Bank, recently announced the launch of the YESGrant that will fund more than 1,000 Nigerian entrepreneurs and students with seed capital for their businesses. Read More »