Rachid Benmessaoud has been named country director for Nigeria and coordinating director for the West Africa Regional Integration Program at The World Bank. Benmessaoud has been with World Bank since 1990, when he came on as an energy planner. The Morocco native has held various jobs with the company including operations adviser for India and country director for Pakistan. Read More »

The African Islamic Finance Forum 2015, giving potential investors an opportunity to explore development opportunities in Islamic finance in the Ivory Coast, was held at the Sofitel Abidjan Hotel Ivoire. The two-day event featured discussions about key African markets. The first day included a global overview of Shariah-compliant transactions and the industry as a whole. Read More »

Teranga Gold Corp. President and CEO Richard Young updated the company's third-quarter operating results and strategic growth initiatives during a presentation at the Denver Gold Forum on Tuesday. Teranga Gold, a Canadian-based gold company involved in the production and sale of gold, also is involved in exploration and mine development in Senegal. Read More »

Endeavour Mining Corp. announced that it has entered into a long-term strategic partnership with La Mancha Holding, SARL, a privately held gold investment company controlled by the Sawiris Family. As part of the transaction, Endeavour will acquire La Mancha’s indirect 55 percent interest in Societe des Mines d’Ity, S.A., which operates the Ity Gold Mine in Ivory Coast. Read More »

Phase3 Telecom said its goal is to strengthen its commitment to offering the best solutions that will amplify the operations of clients across West Africa. Phase3 Telecom, West Africa’s largest independent fiber optic infrastructure and telecommunications services provider, recently started deploying an aerial fiber optic infrastructure from Kano in Nigeria to Gazaoua in Niger. Read More »

The Board of Directors of the Millennium Challenge Corporation approved a $256.7 million U.S. grant to Liberia under the Millennium Challenge Compact program. The grant will fund projects in electricity, road maintenance, reforms and capacity building. Liberia said the grant will have a significant impact on Liberians through poverty reduction, job creation and economic growth. Read More »

Kinross Gold announced the release of its updated 2015 full-year guidance that features the firm’s all-in sustaining cost, cost of sales, capital expenditures, production and overhead. Kinross Gold also announced that it is exploring opportunities to further reduce overhead. Kinross Gold has mines and projects in Ghana and Mauritania as well as the U.S, Brazil and Russia. Read More »

Etty Ekolan Alain won the the top prize for its project Ivoire Hydro Energy at the second edition of West Africa Forum for Clean Energy Financing. Based in Ivory Coast, Ivoire Hydro Energy is an start-up that aims to design, construct and operate a 44-megawatt hydro power plant on the country’s Bandama River under a concession agreement signed with the government. Read More »

Liberian Vice President Joseph Boakai stressed his confidence in Liberia's recovery from the consequences of Ebola virus crisis and a return to positive economic growth of $3.8 million. The speech was made during the U.S.-Liberia Trade and Investment Forum. The effects of the Ebola virus, which killed more than 11,000 people in West Africa, was one of the main topics discussed. Read More »

APR Energy, a global fast-track power solutions company, recently announced that it has completed the installation and commissioning of its new two-year, 35-megawatt project for Botswana Power Corp. (BPC) and the 48-megawatt expansion of its existing project for Senelec, Senegal's national electric utility. The project builds on a relationship that began in 2010. Read More »

Vaalco Energy recently announced that the North Tchibala 1-H well was brought online at a rate slightly in excess of 3,000 gross barrels of oil per day. Read More »

Liberian Vice President Joseph N. Boakai recently told the United States-Liberia Trade and Investment Forum that Liberia is seeking strategic partnerships in several trade areas. Read More »

Vedanta Limited and Cairn India Limited recently announced that both companies will merge. Read More »

GroFin Small and Growing Businesses (SGB) Fund in Africa was launched Wednesday. Read More »

Afrimax Group’s recently received a $120 million growth found from Mitsui & Co., a consortium investor, to implement its LTE-based business across Africa. Read More »

According to a recent report from the International Renewable Energy Agency (IRENA), Mauritania is ideally positioned to gain significant economic growth in the renewable energy resources industry. Read More »

Nigerian President Muhammadu Bahuri said in a speech last Wednesday that the federal government will encourage making well-planned funding initiatives available to micro, small and medium scale enterprises. Read More »

AgDevCo recently announced a $375,000 investment in Gee’s Fresh Point, a slaughter, processor and marketer of frozen specialty meat based in Northern Ghana. Read More »

Atlas Copco, a leading provider of sustainable productivity solutions was listed last week in the Dow Jones Sustainability Europe Index for the 2015/2016 year fiscal year. Read More »

Online grocery store offers more than 60,000 items for delivery. Read More »