United Nations Economic Commission for Africa (ECA)
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    • Investors, partners rally behind initiative to build cathode precursor plant in the DRC
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Source: United Nations Economic Commission for Africa (ECA) |

Investors, partners rally behind initiative to build cathode precursor plant in the DRC

This will enable the country to harness its mineral resource wealth to sustainably commence low-emissions-production of battery precursors

As the global transition towards renewable energy and carbon neutrality spurs demand for electric vehicles to replace fossil fuel engines, the Democratic Republic of Congo (DRC) has embarked on a project to build a cathode precursor plant. This will enable the country to harness its mineral resource wealth to sustainably…

Verdant Capital
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    • Verdant Capital advises WIOCC on USD 80 million equity capital raise
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Source: Verdant Capital |

Verdant Capital advises WIOCC on USD 80 million equity capital raise

USD 75 million of equity was invested by CAPE IV

Verdant Capital (www.Verdant-Capital.com) has advised WIOCC Holding Company Limited (or “WIOCC”) on an USD 80 million equity capital raise.  USD 75 million of equity was invested by CAPE IV, a fund managed by leading African private equity fund manager African Capital Alliance.  The balance was invested by management and an…

Clickatell
Source: Clickatell |

Pick n Pay Can Now Serve Millions of Customers on WhatsApp with Clickatell’s Chat Commerce Solution

New instant customer care and self-service options added to the Smart Shopper loyalty programme to access Pick n Pay easily in Chat

Clickatell (https://bit.ly/3xnA5aF), a leader in mobile communications and chat commerce, has been selected by leading African retailer Pick n Pay to manage their WhatsApp customer communication channel. Customers can easily access Pick n Pay services by sending “Hi” to +27 60 070 3037. The easy to navigate menu then allows…

Source: European Investment Bank (EIB) |

The Ecobank Group Secures €100 Million Credit Facility from European Investment Bank to Fund SMEs

The latest cooperation between Ecobank Group and the European Investment Bank to support private sector investment across Africa was formally agreed at the EU Delegation to Togo in Lomé

Ecobank Group, the leading pan-African banking group, has signed an agreement for a €100 million long-term credit facility over 9 years with the European Investment Bank (EIB) (www.EIB.org). The facility affirms joint Ecobank Group and EIB targeted support for business investment across Africa, with particular support for the sectors most…

Huawei Enterprise
Source: Huawei Enterprise |

Huawei: The Fastest Growing Leader in the 2021 Gartner Magic Quadrant for Primary Storage

Huawei's fast growth is the result of its outstanding OceanStor all-flash storage offerings

Huawei (e.Huawei.com) is positioned as a leader in the 2021 Magic Quadrant for Primary Storage by Gartner, the world's leading research and consulting company. This report indicates how Huawei primary storage has gone from strength to strength, surpassing the benchmark set in 2020. What's more, Huawei is the only vendor…

African Energy Chamber
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    • The Oil and Natural Gas Industry Endorses the CEMAC Business Energy Forum in Congo, Brazzaville
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Source: African Energy Chamber |

The Oil and Natural Gas Industry Endorses the CEMAC Business Energy Forum in Congo, Brazzaville

Urges participants to work on new business deals within the CEMAC region

The Oil and Natural Gas Industry is proud to endorse the upcoming Central African Economic and Monetary Community (CEMAC) Business Energy Forum, taking place on 29 – 30 November 2021 in Congo – Brazzaville organized by M &L Consulting. As a dedicated meeting platform for the CEMAC sub-region, and with…

Energy Capital & Power
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    • Franck Pliya, Senegal Country Director and Vice President of at Technip Energies
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Source: Energy Capital & Power |

Technip Energies Senegal Country Director Confirmed as Keynote Speaker at MSGBC Oil, Gas & Power 2021 Conference and Exhibition

Technip Energies has been a valuable partner in unlocking Senegal’s energy potential

Franck Pliya, Senegal Country Director and Vice President of Business Development in West and Central Africa at Technip Energies has been confirmed as keynote speaker at the upcoming MSGBC Oil, Gas & Power 2021 Conference and Exhibition, taking place in Dakar, Senegal, on the 16th - 17th of December 2021;…

United Nations Economic Commission for Africa (ECA)
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    • Note: The cost is for a 10,000 metric tons precursor facility and does not include any government subsidy
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Source: United Nations Economic Commission for Africa (ECA) |

Producing Battery Materials in The DRC Could Lower Supply-Chain Emissions and Add Value to The Country’s Cobalt

Study identifies DRC as a favorable destination for the manufacturing of sustainable battery materials used in high-nickel batteries

The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials. At the behest of UN Economic Commission for Africa (ECA), Afreximbank, the African Development Bank (AfDB), the Africa Finance Corporation (AFC),…

International Islamic Trade Finance Corporation (ITFC)
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    • ITFC Signs a EUR 40 million Agreement with SONACOS to Finance 2021/22 Groundnut Season in Senegal
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Signs a EUR 40 million Agreement with SONACOS to Finance 2021/22 Groundnut Season in Senegal

This is to support the full recovery of the Senegalese economy as agriculture is a vital sector that contributes about 16% to the country’s GDP

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), granted a Euro 40 million financing to Senegal National Groundnut Company (SONACOS). This facility is dedicated to the post-Covid recovery of the Senegalese agriculture sector, the facility is purposed at financing part of the 2021-2022 groundnut campaign. The financing shall cover about…

Source: Islamic Development Bank Group (IsDB Group) |

Nominations Extended to 31 December for IsDB Prize for Impactful Achievement in Islamic Economics

Individuals and institutions can nominate other individuals and institutions for their contribution to the creation of new knowledge that has made or has the potential to make a substantial impact

Nominations for the 2022 IsDB (IsDB.org) Prize for Impactful Achievement in Islamic Economics will now close on 31 December 2021, instead of the initially announced deadline of 1 December, giving prospective nominators more time to finalize and submit their nominations. The Islamic Development Bank Institute (IsDBI) had announced the call for…