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.
Burkina Faso Tender and Business News
The Bagre Growth Project, a major agricultural improvement project for the country of Burkina Faso, just received $50 million from the World Bank. It was in the form of a $50 million International Development Association (IDA) grant.
The British Council and Ynaija.com, a Nigerian news website and blog, announced the launching of the West Africa Arts Exchange (WAArtsExchange), a community of the talented artists from West Africa and arts lovers across the world.
Norway has intensified its efforts in countries and regions affected by conflict and fragility with an increased support for the Sahel region by a further NOK 15 million to around NOK 455 million.
Orange, a French telecommunications company, and CNED (National Distance Learning Centre) have announced a partnership to distribute educational content on smartphones across Africa.
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.
Sweden has announced its investment of over SEK 800 million to the 'Strategy for Sweden'’s regional development cooperation in sub-Saharan Africa.
The African Legal Support Facility (ALSF) recently organized two workshops in Ouagadougou, Burkina Faso, on best practices for managing oil and mining exploration and exploitation contracts.
Nigeria-based MainOne won a 15-year contract to provide high-speed bandwidth services with the West and Central African Research and Education Network (WACREN) (www.WACREN.net).
Geodrill, a West African drilling company, has secured its second significant long-term drilling contract with Colorado-based Newmont Mining Corporation, one of the world’s largest gold producers.
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.
The Regional Energy Co-Operation Summit 2018 coming up January 24-25 in Abidjan, Cote d'Ivoire, is finalizing its agenda.
The United States just pledged up to $60 million dollars to support the counterterrorism efforts for the G5 Sahel Joint Force.
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.