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Africa Business News

Mali 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.

Non-GM Molecular Breed of Durum Wheat Can Survive Extreme Heat In Africa

What was originally labeled as a 'crazy idea' involving a genome fingerprinting research project, and involving Italian researchers and Swedish funding, has produced a kind of drum wheat which can survive the climate-change extreme heat currently causing famine in Senegal, Mauritania, and Mali. It won the 2017 OLAM Prize for Innovation in Food Security.

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.

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.

Avnel to be Acquired by Endeavour Mining

Endeavour Mining, a gold producer based in Côte d'Ivoire, is acquiring UK-based Avnel Gold Mining, owner and operator of the Kalana gold mine and concession in Mali, for $122 million.

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.

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.

Mali Named West Africa's Illicit Gold Trading Hub in New Report

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.

First 'AfroChampion' Receives Special Lifetime Achievement Award

During the inaugural dinner for the AfroChampions Initiative, an innovative project designed to promote African private sector champions, Gervais Koffis Djondo, Founder of Ecobank and Asky Airlines, just received a special lifetime award for his remarkable contribution to economic exchanges within the continent.

Korea Signs Agreement with AUC to Build Level II Hospital in Mali

On December 7, H.E. Yun Byung-se, the Minister of Foreign Affairs of the Republic of Korea, and he AU Commissioner for Peace and Security, H.E. Amb. Smail Chergu, signed an agreement to move forward with Korea’s Pledge of Level II Hospital to the African Union Commission.

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