Africa’s richest man Aliko Dangote joins Bill Gates to set up Multibillion Dollar Clean-Energy Fund

Bill Gates, the world’s richest man, and fellow philanthropists have revealed details of a fund for clean energy technology to be used in countries that have committed public money to double research and development. Gates, co-founder of Microsoft Corp., will be joined by at least 27 other private investors in the so-called “Breakthrough Energy Coalition,” […]

Interpol seizes $262m of illegal timber in W.Africa, Burkina Faso praised for cooperation

Interpol has announced that it had seized protected and valuable timber species from nine West Africa countries worth more than $262 million. The timber was seized during the “Operation Log” in Benin, Burkina Faso, Cote d’Ivoire, Gambia, Ghana, Mali, Mauritania, Senegal and Togo. The operation was carried out in West Africa, Central and South America […]

MTN Nigeria warns reprisal attacks on S.Africans will plunge Nigeria’s economy

MTN Nigeria has cautioned against reprisal attacks on multinationals that have links with South Africa owing to the xenophobic attacks on Nigerians in South Africa,  saying any such occurrence would result in monumental loss and setback for the Nigerian economy. Xenophobic attacks on foreigners in South Africa by some group of South Africans has led […]

Extensive West African rail network planned to connect regional resource rich mines

When it comes to minerals found in our phones, laptops, cars and planes, most are found in the resource-rich mines of West Africa. Mineral exports are a major economic driver of nations such as Nigeria, Burkina Faso and Niger, and are predicted to rise from 109,000 tonnes a year to 3.4 million tonnes a year […]

Ghana’s manufacturing sector registers negative growth

Photo©Reuters Persistent erratic power supply led to Ghana’s manufacturing sector growth dipping to an unprecedented negative 8% in the fourth quarter of 2014, eroding confidence in the business community, Association of Ghana Industries (AGI) has said. "The manufacturing sector continues to shrink and Ghana risks losing its industrial base if government policies do not quickly […]