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Africa Business News

Burkina Faso Tender and Business News

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.

IAEA Study Shows Significant Water Resources Present in Drought-Stricken Sahel

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.

Zambia Urged to Stay With The International Criminal Court

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.

Conference on Sustainable Livestock Policy in Africa Opens

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.

University of Copenhagen Helps Preserve African Heritage of Fermented Food

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.

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