Mali News

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale scale solar plant

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale solar plant

In addition to this new 40 MW plant in Mozambique, Scatec Solar operates 200 MW of solar power plants in South Africa and Rwanda and has new projects under development across Africa, including in Mali, Nigeria and Kenya.

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

Edoh Kossi Amenounve, General Manager, BRVM

West African BVRM exchange's revenue more than doubles in one year to $362M

Turnover on West Africa’s BRVM bourse more than doubled over the past year, reaching 209.26 billion CFA francs ($362.2 million) in late May.

Edoh Kossi Amenounve, CEO, Bourse Régionale des Valeurs Mobilières (BRVM)

West African stock markets are planning to join forces (Video)

Stock exchanges in Nigeria, Ghana, Sierra Leone, Cape Verde, as well as the BRVM are in talks to develop a common platform for cross-border listing and trading in West Africa, to create broader and deeper liquidity across the region.

Edoh Kossi Amenounve, General Manager, Bourse Régionale des Valeurs Mobilières (BRVM)

West Africa's BRVM stock exchange boosts 2015 revenue by almost 50%, eyes new listings

The revenue of West Africa’s BRVM stock exchange rose about 48 percent last year, boosted by regional economic growth, the manager of the stock exchange told reporters on Thursday.

Newly-elected AU chairman, Chadian President Idriss Déby. Photograph: Xinhua/Barcroft Media

African Union members back Kenyan plan to leave International Criminal Court

Leaders at Addis Ababa summit support pullout of international criminal court in protest at perceived unfair targeting.

A resort in Zanzibar, Tanzania

Tourism in Africa: On the rise but has not at its full potential

For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa.

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

French telecom incumbent Orange has agreed to acquire Bharti Airtel’s businesses in Burkina Faso and Sierra Leone in a continuation of its expansion strategy in West Africa.

France's Orange acquires Liberia's largest cell phone company Cellcom in Africa expansion move

France's Orange acquires Liberia's largest cell phone company Cellcom in Africa expansion move

France’s Orange has agreed to buy Cellcom Liberia from privately held Cellcom Telecommunications Ltd. for an undisclosed sum as part of its expansion strategy in West Africa.

Africa's Prospects - Macro Environment, Business, Consumer and Retail Outlook Indicators. Credit: nielsen.com

Africa's Prospects - Macro Environment, Business, Consumer and Retail Outlook Indicators (Infographics & Report): Nielsen

Africa’s rise in prominence is part of an overall global trend that has seen a shift in economic opportunity from the developed to the developing world. In fact, 6 out of the 10 fastest growing economies in the world are in Africa.

Alassane Ouattara, President of Ivory Coast

President Alassane Ouattara sees transformative potential in Ivory Coast's economic comeback

President Alassane Ouattara sees transformative potential in Ivory Coast’s economic comeback — not just for his country, but also for the largely untapped and underserved west African market of more than 300m.

Compelling investment markets in Africa. Credit: sc.com

Compelling investment markets in Africa - Inside Riscura's Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)

Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.

Starwood will be opening the Four Points by Sheraton Oran in November, marking the entry of the brand into Algeria

Starwood Hotels accelerates growth in Africa with seven new deals

Company to expand Africa portfolio by over 50% in the next five years entering new markets and introducing more brands.

Ecobank emerged in the mid-1980s, and although not the largest of the pan-African banks in terms of assets, it surpasses them all in geographic reach.

Continental reach: The rise of the pan-African bank

Africa-based banks, once largely domestic, are expanding across the continent and now dominate the banking sector in many countries.

Africa’s richest man plans to almost double the continent’s cement production by 2020

Africa's richest man plans to almost double the continent's cement production by 2020 (Infographic)

Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.

Africa Report 2015 - Real Estate Markets in a Continent of Growth and Opportunity - Knight Frank

Africa Report 2015 - Real Estate Markets in a Continent of Growth and Opportunity: Knight Frank (Infographics & Report)

The Africa Report is a unique and market-leading publication which draws on the expertise of Knight Frank’s unrivalled network of property professionals in Africa. The report presents a wealth of material highlighting the growth of Africa’s economies, cities and real estate markets.

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca

Africa50 Infrastructure Fund raises $830M in first closing

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca Africa50, the new and innovative infrastructure investment…

Safaricom's M-PESA

The battle between Africa's mobile phone companies and banks is a boon for financial inclusion

Another week and another bank in Africa is entering the mobile money space.

Solar plant

Mali to build West Africa's first industrial-scale solar plant

Mali has signed an agreement with a Norwegian renewable energy specialist to build west Africa’s first industrial-scale solar power plant, the company announced in a statement on Friday.

Cristina Duarte, Cape Verde’s Finance Minister. Photographer: Nicholas Kamm/AFP/Getty Images

First woman candidate for AfDB boss says Africa must retain wealth

Cristina Duarte, the finance minister from Cape Verde who is the first woman to stand for the presidency of the African Development Bank, said the lender should encourage wealth generated in Africa to stay on the continent.

Abidjan-based Bourse Régionale des Valeurs Mobilières (BRVM) regional stock exchange covers eight countries in Francophone West Africa.

London Stock Exchange eyes dual listings on West African capital markets

Following on from partnerships and dual listings with a number of African capital markets, the London Stock Exchange (LSE) is looking to foster dual listings with the West African regional exchange.

Kevin Murray, MD for West and Central Africa, Citi

Prospects in Francophone Africa are bright: Kevin Murray, MD for West and Central Africa, Citi

Kevin Murray, MD for West and Central Africa, Citi French-speaking West and Central Africa are generating strong revenues and could emerge as…

AfDB releases official list of candidates for the election of the next Bank President

Nigeria Agriculture Minister, Ethiopia & Chad Finance Ministers among shortlisted candidates for African Development Bank President

The Steering Committee of the Board of Governors of the African Development Bank met on 11 February, 2015 at the Bank’s headquarters in Abidjan and agreed to the following list of candidates for the election of the next President of the African Development Bank.

Orange and Ecobank launch money transfer service between Orange Money accounts and bank accounts

Orange and Ecobank launch money transfer service between Orange Money accounts and bank accounts

Orange (http://www.orange.com) and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts.

Stéphane Richard, Chairman & CEO, Orange

Orange said to explore purchase of some Bharti Africa assets to tap explosive growth in sub-Saharan Africa

Orange SA has explored various acquisitions in Africa including assets owned by Bharti Airtel Ltd., as the French company seeks to bolster its business in the region, according to people familiar with the matter.

Yaya Touré, Midfielder for English club Manchester City and the Ivory Coast national team

Man City's hopes of having Yaya Touré back could depend on drawing of lots at 2015 Africa Cup of Nations (AFCON)

Manchester City’s hopes of having Yaya Touré back for Saturday evening’s title showdown with Chelsea could depend on the lottery of a drawing of lots should Ivory Coast finish level on points in their Africa Cup of Nations group on Wednesday.

Emperor Mansa Musa of Mali

Fact of the Day: With a jaw-dropping net worth of $400B, Emperor Mansa Musa of Mali was the world's richest man. Ever

Emperor Mansa Musa of Mali amassed a jaw-dropping $400B during his reign from 1312 to 1337, making him the wealthiest man ever, outranking the Rothschilds ($350B), the Rockefellers ($340B), and Bill Gates ($81.2B).

Ashburton Investments

Bahraini firms eyeing major push in Africa: Ashburton Investments

Africa’s attractiveness as an investment destination continues to grow in recognition, a leading investment expert has said.

Harmattan wind

How not to write about Africa: Use "African Spring"

On October 30, as thousands of determined Burkinabe put an end to the 27 year rule of their Western-backed autocratic leader, Blaise Compaoré, journalist Hewete Selassie asked a question (in a tweet) that pops up whenever mass protests break out somewhere in Africa: “So is #BurkinaFaso the beginning of the African #Arabspring?”

The creator of the ‘Ebola – no Ebola’ map says he is trying to show the world that Africa is not a country. Photograph: EbolaPhone/Twitter

Ebola for beginners: Twitter map outlines some elementary geography

A rudimentary map demonstrating that Africa is not synonymous with the Ebola virus has hit a nerve online.

South African Properties

South Africa's middle class is a force to be reckoned with

As the ranks of black middle and upper classes have swelled in the 20 years since South Africa’s first democratic election, so too have the aspirations of a wealthy new elite.

Patrick Akinwuntan, Ecobank and Daniel Monehin, MasterCard

MasterCard and Ecobank partner to accelerate electronic payments adoption in 28 Sub-Saharan African countries

Ecobank Transnational Inc. (“Ecobank”) and MasterCard, http://newsroom.mastercard.com/ today announced  a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries.

Trojan General Contracting

Arabian Gulf companies commit $19B to West Africa infrastructure projects

African countries secured commitments from companies in the Persian Gulf totaling $19 billion to invest in roads, railways and airports at the first West Africa Investment Forum held in Dubai on Tuesday.

Clifford Mpare, CFA, Chairman & CEO, Frontline Capital Advisors

Africa's Lion Market: An interview with Clifford Mpare, CFA, Chairman & Chief Executive Officer of Frontline Capital Advisors (Video)

The Financial Times recently did a video interview with Clifford Mpare, CFA, of Frontline Capital Advisors.

Alara, Victoria Island, Lagos, Nigeria

Redefining African Luxury in Lagos, Nigeria

Businesswoman Reni Folawiyo is building a concept store with celebrated architect David Adjaye on Victoria Island in Lagos. The mission? To redefine African luxury for Nigerians—and for the rest of the world.

Goodluck Jonathan

President Goodluck Ebele Jonathan ("GEJ") of Nigeria is clueless, incompetent, and callous: 35 reasons why this is a big lie

The Economist magazine recently published an article on Nigeria in which it described the government of President Goodluck Ebele Jonathan (“GEJ”) as “A clueless government”.