Report: Ghana will be fastest growing African economy in 2017
Ghana is expected to have economic growth of 8.7 percent in 2017.
locallabs news service
Sierra Leone government announces progress for its Solar Park Freetown Project
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…
COPL president purchases 1.1 million common shares of company’s stock
COPL President and CEO Arthur Millholland purchased more than 1.1 million common shares of the company on Monday. Interests of COPL, an international oil and gas exploration and development company,…
ICD coordinates $244 million sukuk for Ivory Coast
With support from the ICD, Ivory Coast’s Ministry of Economy and Finance recently closed on a $244 million sukuk, a Sharia-compliant bond used as an alternative financing tool. The sukuk…
Ghana’s Svanikier Donates Package to Youth Choir
Thomas Svanikier, executive chairman of Ghana-based Svani Group, recently donated GH¢ 50,000 to an endowment fund for the Winneba Youth Choir (WYC) in Accra, Ghana.
Hyperdynamics levels lawsuits over offshore Guinea drilling project
Hyperdynamics Corp. and its subsidiary, SCS Corp., leveled lawsuits against Tullow Guinea Ltd. and Dana Petroleum Monday, alleging Tullow and Dana did not follow through on the terms of a…
Celebrated Nigerian film ‘FIFTY’ debuts on Netflix Dec. 28
“FIFTY,” the sole film from Nigeria and one of only five films from Africa to be among the 238 films chosen for screening at the 2015 BFI London Film Festival…
Burkina Faso’s new permanent U.N. representative begins tenure
Yemdaogo Eric Tiare is the new permanent representative of Burkina Faso to the United Nations (U.N.).
African Petroleum, Ophir strike production-sharing deal on Ivory Coast projects
Oil and gas exploration company African Petroleum has partnered, through a new production-sharing contract (PSC), with Ophir Oil Energy on several of African Petroleum’s projects in the West African nation…
Aureus agrees to pay more shares for 3 Sarama exploration properties in Liberia
Aureus Mining of Liberia will pay West African gold-exploration company Sarama Resources Ltd. more common shares than were previously agreed upon in an acquisition deal for three exploration properties in…
ITC Global to supply remote-communication services to vessels offshore W. Africa
Two multi-million-dollar contracts have been awarded to ITC Global to provide remote offshore communications to five floating vessels off the coast of West Africa that are owned by European oil…
European satellite firm to air Benin company’s TV channels in West Africa
Canal Holdings, a media production company based in Benin, has signed a deal with European satellite owner and operator SES S.A., based in Luxembourg, to distribute Canal’s TV channels in…
Jumia Nigeria hires APO to handle media relations
African shopping website Jumia Nigeria has commissioned the African Press Organization (APO) to handle its media relations in Africa.
Sierra Leone artists design limited-edition T-shirts for American Apparel
Sierra Leone native Massah KaiKai wanted to find a way to show the world there was more to her family’s homeland than civil war and the recent Ebola pandemic.
Ghana event helps raise awareness of undersea high-tech infrastructure
The Submarine Cable Awareness Workshop was held recently in Accra, Ghana, in an effort to raise awareness and protect international submarine cables and pipelines on the ocean’s seabed offshore Ghana.…
Ford’s motorcycle sensors aim to improve access to health care in West Africa
Auto company Ford recently expanded use of its OpenXC sensor technology — which has been available in its cars and trucks — to motorcycles in an effort to help people…
Dubai chamber helps United Arab Emirates investors find prospects in Africa
A recent report by researchers from the Dubai Chamber of Commerce in the United Arab Emirates contains helpful information for UAE investors looking for economic opportunities in Africa.
Nigeria, Kenya trade officials court U.S. health care companies
Health care needs in many African nations are increasing at a rapid rate. Such is the case for Nigeria and Kenya.
IMF team’s second review of Ghana aid program encouraging
A second review of a financial and economic program sponsored by the International Monetary Fund’s (IMF) Extended Credit Facility (ECF) to aid Ghana was the focus of an IMF team’s…
AUC chief congratulates Tanzania, Ivory Coast, Guinea election winners
After three recent African elections, African Union Commission Chairwoman Nkosazana Dlamini Zuma sent congratulatory messages to John Magufuli, Tanzania’s newly elected president, as well as re-elected Presidents Alassane Ouattara of…
IMF grants extension on Liberia’s Extended Credit Facility Arrangement
The International Monetary Fund (IMF) recently approved a $71.8 million Extended Credit Facility (ECF) Arrangement with a $44.9 million augmentation for Liberia through a three-month extension by IMF’s executive board.
USAID’s West African Seed Program aims to help boost region’s crop yields
The goal of the U.S. Agency for International Development’s (USAID) West African Seed Program (WASP) since its 2012 inception has been to boost West Africa’s agricultural sector by increasing the…
Continental Task Force meets to discuss upcoming CFTA talks
The fifth Meeting of the Continental Task Force (CTF) on the Continental Free Trade Area (CFTA) at the Experts level was held recently in Abuja, Nigeria.
Panoro Energy’s Nigerian wells set to be connected to production facilities
Panoro Energy, based in the United Kingdom, has wrapped up well operations at the Aje field, off the coast of Nigeria.
EU economic-development commissioner visits Niger
European Union Commissioner for International Cooperation and Development Neven Mimica visited Niger recently.