West Africa economic news

MTN set to empower African businesses with Amazon Web Services (AWS) Direct Connect to business customers

Follow us on Twitter: @GoAfricaNetwork MTN Group today announced it would be the first African company to offer Amazon Web Services (AWS) Direct Connect to business customers across multiple countries on the continent. The new service will leverage the extensive footprint of MTN’s Global MPLS network, to provide customers with connectivity between their data centres […]

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West Africa’s Resurgent Economic Performer

Follow us on Twitter: @GoAfricaNetwork PRESS RELEASE AllAfrica Côte d’Ivoire has for centuries been known as a country blessed with abundant natural resources. Today this is reflected in the West African country’s status as the world’s largest exporter of cocoa. That position should not be underestimated. A coup in 1999, followed by a bloody presidential

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MainOne‘s MDX-i tier III Lekki data center in Lagos in open

MainOne, a major provider of telecommunications services in West Africa, has opened its US$40 million data center in Lagos. The Tier III purpose-built facility, the largest of its kind in the region, was originally expected to come online in the third quarter of 2014. MainOne‘s MDX-i tier III Lekki data center in Lagos, Nigeria is

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Africa’s Richest #1 Aliko Dangote

Follow us on Twitter: @GoAfricaNetwork Heralded by some as the face of the new Nigeria, Aliko Dangote, Africa’s richest man, is looking beyond cement, sugar and flour — the three commodities that built his fortune — to the oil business. In April 2014 he announced $9 billion in financing from a consortium of local and

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Nigerian firm to build Equatorial Guinea’s giant oil storage hub

Follow us on Twitter: @GoAfricaNetwork Nigerian energy firm Taleveras Group said on Monday it had signed a deal with the government of Equatorial Guinea to build a giant oil storage hub in the central African country. The Bioko Island facility will have a total capacity of 1.34 million tonnes of storage for crude oil and

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Nigeria’s Yearly Rice Imports From Vietnam Hit N84 Billion

Follow us on Twitter: @GoAfricaNetwork THE Federal Government’s yearly rice import bill from Vietnam has hit about $500 million (N84 billion) according to the Nigerian-Vietnam Chambers of Commerce and Industry. Besides, Vietnam also spends about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria. Indeed, Nigeria spends

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These Cars Were designed and Made in Africa by Africans, Which One Will You Be Driving?

Follow us on Twitter: @GoAfricaNetwork The Kantanka is a car that was conceived, designed and made in Ghana. This brand of cars is probably the most promising of all the cars made in Africa right now. The Kantanka Automobile Company has announced that its cars willhit the streets in January subject to the Ghana Standards Authority

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Jamaica Names First-Ever Representative to African Union

Follow us on Twitter: @GoAfricaNetwork Jamaican Prime Minister Portia Simpson Miller has appointed Carlton Masters as Jamaica’s first-ever representative to the African Union. Masters’ appointment also includes the post of Special Envoy of the Prime Minister, and assumes the rank of Ambassador. The Office of the Prime Minister said his role would be to “seek

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Ivory Coast gets $875 million loan from China Eximbank for port construction

Follow us on Twitter: @GoAfricaNetwork China Eximbank has loaned Ivory Coast around 466 billion CFA francs ($875 million) for the construction of a second container terminal at Abidjan port, the director general of the port said on Monday. Ivory Coast plans to increase capacity at the port in its economic capital Abidjan, one of the

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East Africa Puts Pressure on Exploration Investment in Nigeria

Follow us on Twitter: @GoAfriaNetwork.org Nigeria is no longer the preferred destination for oil exploration in Africa, the Managing Director\Chief Executive, Total Upstream Company in Nigeria, Elisabeth Proust, has said. Proust attributed this to stiff competition from East Africa with large volumes of gas discovered in Mozambique, Tanzania, Kenya and Angola. According to her, these

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