With the fourth review of its three-year Extended Credit Facility (ECF) arrangement with the International Monetary Fund (IMF) completed recently, Mali will receive a payout of $5.5 million, bringing the total paid to date from the ECF to about $30 million. Read More »

Jibril Aku, Ecobank Nigeria Limited's managing director, will step down from that post and begin working in another senior role at the bank in early 2016, Ecobank Nigeria said recently. Read More »

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. Read More »

With the International Monetary Fund (IMF) Executive Board's recent completion of the eighth and final review of Ivory Coast's economic performance under an Extended Credit Facility (ECF), the nation will receive a payment of $67.7 million. Read More »

The U.S. Agency for International Development (USAID)/West Africa Trade and Investment Hub (Trade Hub) held its second quarterly West African Regional Cereals Exchange on Wednesday in Ouagadougou, Burkina Faso. Read More »

As COP21, the sixth annual United Nations Climate Change Conference, continued in Paris this week, African government officials took the opportunity to discuss ideas and their vision for meeting the continent's growing needs for more energy sources. Read More »

Merck & Co., a global leader in the pharmaceutical industry, is looking to gain a larger presence over the next five years across the African continent. Read More »

Years of unrest and evolution in the West African nation of Guinea-Bissau were major topics of discussion at the recent 556th meeting of the Peace and Security Council (PSC) of the African Union (AU). Read More »

In an effort to close funding gaps, the government of Nigeria plans to raise money in 2016 for its Joint Venture (JV) cash calls between the Nigerian National Petroleum Co. (NNPC) and other international oil companies in Nigeria through agreements with international investors and organizations in the private sector. Read More »

After recent International Monetary Fund (IMF) reviews of Sierra Leone's economic performance as part of a three-year Extended Credit Facility arrangement with the IMF, the nation will receive a distribution of $46.1 million. Read More »

SES S.A., a global satellite owner and operator based in Betzdorf, Luxembourg, recently unveiled SES Broadband, a high-speed Internet service in five African nations, including Ghana and Nigeria. Read More »

In an effort to enhance the relationship between African nations and China, African Union Chairwoman Nkosazana Dlamini Zuma and Chinese President Xi Jinping discussed issues in a side meeting recently during the second Forum for China-Africa Cooperation (FOCAC) Summit in Pretoria, South Africa. Read More »

Although it has been operating since spring, the charter for the African Export-Import Bank's (Afreximbank) new branch in Abidjan, the capital city of Ivory Coast, formally was ratified in Cairo, Egypt on Monday. Read More »

In an effort to expand further into Northern and West Africa, Beirut, Lebanon-based re-insurance brokerage firm Chedid Re has launched operations in Casablanca Finance City (CFC), Morocco, the company said on Tuesday. Read More »

The Training Workshop on Trade-in-Services Negotiations for AU-CFTA is underway this week in Dakar, Senegal, to help train African Union (AU) services negotiators so they can handle trade-in-services transactions, especially Africa's Continental Free Trade Area (CFTA) negotiations on services that began in June. Read More »

The African Private Equity and Venture Capital Association released a report recently that documents the improving private equity (PE) market in West Africa. Read More »

Husk Power Systems of Ghana and Nigeria was one of 13 finalists that will receive part of nearly $13 million in funding from the "Powering Agriculture: An Energy Grand Challenge for Development program," a joint program of the U.S. Agency for International Development (USAID), the governments of Sweden and Germany, the Overseas Private Investment Corporation (OPIC) and Duke Energy Corp., USAID said recently. Read More »

The Ivory Coast government will buy 3,600 buses and trucks from Indian automaker Ashok Leyland in a $200 million deal, Ashok Leyland said on Monday. Read More »

Efforts to implement Ghana's National Migration Policy (NMP), which was green-lighted by the nation's government in April, have begun through recent training sessions for 48 government officials. Read More »

As the continent of Africa continues to grow, becoming a player in the global marketplace and making gains in the areas of technology and agriculture, officials are taking a look at how much of a role foreign aid has had in making it all possible. Read More »