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AfricaBiz

Africa Business News

Burkina Faso Tender and Business News

Vivendi and Orange Partner to Bring New Movie Theaters and Cinedays to Africa

French mass media conglomerate Vivendi and Paris-based telecom Orange are partnering to open new movie theaters across western and central Africa. The goal is to help reestablish the experience of movie-watching under the best technical conditions and in comfort, after three decades in which cinemas have all but disappeared in some area.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

ENGIE Africa to Acquire Afric Power and Tieri

French energy developer ENGIE, via its African subsidiary (www.ENGIE-Africa.com), has agreed to acquire Afric Power and Tieri (www.Tieri.com), two companies specilizing in energy services in West Africa.

West African States Land $155M Funding for Affordable Housing Financing

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.

Direct Selling Agency QNET Opens Branch in Tanzania

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.

2nd Japan-Africa Biz Forum Yields 118 Business Matchups and One Telecom Deal

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.

FAO and AfDB Collaborate on 'Desert to Power Program' in Africa

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's InTouch 'Guichet Unique" Solution Coming to 8 African Countries

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.

New Insecticide-Treated Mosquito Net Introduced for Use in Africa

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.

Special Seminar Held to Train African Civil Servants on Economic Planning

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.

AfDB Announces Strategy to Grow Africa's $31B Fashion Industry

"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.

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