The United States just pledged up to $60 million dollars to support the counterterrorism efforts for the G5 Sahel Joint Force.
Burkina Faso Tender and Business News
The West African Economic and Monetary Union (WAEMU), based in Burkina Faso and representing 8 member states, signed a $155 million package for the World Bank, The West African Development Bank and the West African regional mortgage refinance company (CRRH-UEMOA) to create affordable housing finance throughout the WAEMU region.
Hong Kong-based QNET (www.QNET.net), a player in the US $200 billion global direct selling industry, announced it is entering the Eastern African direct selling sector with its first local agency in Tanzania.
The government of Equatorial Guinea signed an MOU (Memorandum of Understanding with the government of Burkina Faso to supply the West African country with LNG and build the necessary infrastructure to import, store and transport gas.
The 2nd Japan-Africa-Business Forum, with the theme "Investment and Business Opportunities with Africa", was held in Tokyo on July 25-26. Among the many connections made there, one key announcement emerged, as Burkina Faso's ZIL Telecom and Japan's Lequio Power Technology Corporation signed a West Africa distribution contract there.
The Food and Agriculture Organization (FAO) and the African Development Bank (AfDB) have begun a new major collaboration initiative to help transform precarious situations in the desert part of Africa into developmental opportunities. It is called the 'Desert to Power program', and will be deployed to 11 countries including Sudan.
Senegal-based African fintech company InTouch (www.InTouchgroup.net) recently reached a deal with France-based Total, a global provider of oil, gas and solar energy solutions, and Worldline, a French e-payment service provider. The deal will bring rollout of InTouch's 'Guichet Unique" payment solution to eight African countries.
BASF (www.BASF.com) of Germany has introduced a new class of mosquito insecticide in the form of its Interceptor® G2, a long-lasting insecticide-treated mosquito net (LN) based on chlorfenapyr. After tests in Benin, Burkina Faso, Cote d'Ivoire, and Tanzania, the World Health Organization (WHO) is now recommending its use within Africa.
The award winners for 2017's SWITCH Africa Green-SEED Awards, honoring innovation in sustainable development in Africa on behalf of SEED, have just been announced.
A new competition was just launched to find and support providers of innovative and scalable financial products and services that improve the lives of poor people in rural areas of Africa.
Drilling has started on the 38 square kilometer Bouboulou gold concession owned by Vancouver, British Columbia, based Nexus Gold Corporation in Burkina Faso.
A special course was recently held on Industrial Policy in Africa, for civil servants from 20 African countries. Its goal was to strengthen the group's capacity in designing, implementing, monitoring and evaluating appropriate strategies to facilitate the structural transformation of the continent’s economies.
"To develop its textiles market, Africa needs its cotton." So said two African designers during the recent "Fashionomics" section of the 52nd Annual Meetings of the African Development Bank (AfDB). With a US $31 billion market at stake, this is a business ecosystem which demands focus -- and the African Development Bank has a plan.
The International Atomic Energy Agency, with headquarters in Vienna, Austria, has completed an extensive study of the drought situation in Africa. In a report published on May 29 on the analysis, the information shows significant reserves of good quality water are in fact still available in Africa's drought-prone Sahel region.
The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org) just announced a socioeconomic development agreement with the Government of Burkina Faso. It includes a US $450 million three-year financing agreement for the country.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
24 new development projects were just launched under the 2016-17 round of Australia's Direct Aid Program to Africa (DAP).
A group of African organizations and international NGOs with a presence in Africa are urging Zambia to reaffirm its membership in the International Criminal Court. They do so saying it is the best way to advance justice for victims of atrocities.
Vancouver, Canada, based Nexus Gold Corporation just completed its phase one diamond drill program at its exploratory drilling site in Niangouela, located approximately 85 kilometers north of Ouagadougou, Burkina Faso. A broader drilling plan will now go forward.
On February 24, Africa Sustainable Livestock 2050 (ASL2050), a cross-sectoral initiative analyzing the impact of a growing livestock sector on public health, the environment, and livelihoods, opened in Addis Ababa. A major message from the conference: governments need to think beyond livestock NOW, not later.
The consumption of spontaneously fermented foods is a deeply-embedded part of West African food culture, but modern food imports are threatening that heritage. The University of Copenhagen's Department of Food Science is leading a project to preserve the science and art of the preparation of these foods.
Belgium is donating EUR 250,000 for special training programs to help prevent the growth of terrorism in Mauritania and Burkina Faso.
Mali has many things to set it apart from other countries in its regional assets and people. A recent report by Partnership Africa Canada (www.PACweb.org) has unfortunately added one more distinguishing note the country probably wishes it had not earned: the designation of West Africa's illicit gold trading hub, a consequence of its lax taxation practices for gold exports.
Shell's licensee in Africa, Vivo Energy, has announced a Pan-African partnership agreement with Orange across nine countries. It allows those countries where both companies overlap to use Orange Money to pay for their fuel.
Burkina Faso was just awarded a US $4 million loan to bring back its cashew agricultural crop and implementing climate change mitigation strategies in the process. Money is