CrossBoundary Energy to install GCO’s hybrid solar power plant in Senegal

SENEGAL – Solar energy provider CrossBoundary Energy has signed an agreement with Grande Côte Operations (GCO) to install a 13 MW hybrid solar power plant with storage for the company’s operations in Diogo, north-western Senegal. GCO, a subsidiary of the French mining and metallurgical group Eramet, mines mineral sands in this locality, which is located more than 100 km from the Senegalese capital Dakar. This activity requires a significant amount of energy. GCO now wants to produce this energy from renewable sources, in particular photovoltaic solar energy, hence the partnership…

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GE commissions Africa’s first ever fully digital high voltage substation

SENEGAL – GE Renewable Energy’s Grid Solutions business recently commissioned the first ever fully digital high voltage substation on the African continent in Thiès, 70 km from Dakar in Senegal. This key 225 kV substation project is part of Senegal’s national electricity company Senelec’s transmission and distribution grid expansion, reinforcement and reliability enhancement program to be completed by VINCI Energies West Africa. “This flagship project was made possible due to the robust synergy among VINCI Energies West Africa teams, the technical support of our team Omexom and the digital expertise…

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Fintech Wave raises US$200m Series A funding, the largest in Africa

SENEGAL – Wave, the U.S. and Senegal-based mobile money provider, has announced the raise of a US$200 million Series A financing. This landmark investment shot the valuation of the independent mobile money provider to US$1.7 billion. The round which is the largest ever Series A round in Africa was led by Sequoia Heritage, a subsidiary of Sequoia; Founders Fund; US payment giant, Stripe; and Ribbit Capital. Other investors include existing investors Partech Africa and Sam Altman, the former CEO of Y Combinator and current CEO of OpenAI. The Wave app…

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Cellulant partners GAINDE 2000 to offer technology infrastructure and payments solutions

SENEGAL – Cellulant, a Pan-African technology company, has entered into a 5-year partnership with Senegal based GAINDE 2000 to offer an end-to-end Pan-African technology infrastructure and payments solutions for trade, revenue & tax collection for governments and multinational companies. GAINDE shall bundle its e-government solutions with Cellulant’s payments solutions offering the most comprehensive regional end to end technology and payments solution. This partnership will offer a digital payments platform that will help governments improve their trade environment and meet the challenges of payments & modern customs administration through reduction of…

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Mobility startup Kai Senegal secures seed investment from Mobility 54 Investment

SENEGAL – YEEG SAS, a company that operates ride-hailing startup Kai Senegal, has secured a seed investment from Mobility 54 Investment SAS, the corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO SAS. The Toyota Tsusho/CFAO collaboration hopes to assist local inventive solutions to the many difficulties that public transportation in West African countries faces, such as poor service quality, insecurity, and traffic congestion, through Mobility 54’s participation. Kai’s novel business strategy will enable Toyota Tsusho to serve a new type of customer and provide all of its expertise…

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Finland opens its new embassy in Dakar, Senegal

SENEGAL – The Ministry of Foreign Affairs in Finland is making preparations to expand and strengthen the network of Finnish missions abroad, with opening of a new embassy in Dakar, Senegal. The embassy would start operations at some point later this year. In September 2020, Finland reopened its embassy in Manila, the Philippines. In addition to Dakar, Finland is currently preparing to open a mission in the capital of Qatar, Doha. The operation of the Foreign Service relies on a comprehensive network of diplomatic and consular missions abroad. The Ministry…

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State owned FONSIS partners KfW to launch US$35m Oyass Capital for SMEs

SENEGAL – Fonds Souverain d’Investissements Stratégiques S.A. (FONSIS) the Senegalese Sovereign Wealth Fund has launched Oyass Capital in partnership with KfW, the German Development Bank. Oyass capital is an investment fund which, through its own and risky financing, intends to provide technical assistance to local SMEs. The Fund is initially capitalised with EUR30 million (US$35.18m) investment from FONSIS and is anticipated to be co-financed by the World Bank, subject to due diligence and further evolution of the Fund’s strategy and capital structure. Oyass will be a single country closed-end fund…

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Oriole Resources, IAMGOLD makes gold and diamond exploration strides at Senegal joint venture

SENEGAL – Oriole Resources and its joint venture (JV) partner IAMGOLD have announced positive drilling results from the Faré and Madina Bafé deposits at the Senala project, in Senegal. Iamgold conducted a Phase 1 drilling programme at the Faré prospect for 689 m of diamond drilling in two holes, and 4 854 m of reverse circulation (RC) drilling in 42 holes. A Phase 2 programme was partially completed at the Madina Bafé prospect for 493 m of diamond drilling down three holes and 3 111 m, from 5 000 m…

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Infobip to boost Espresso Senegal’s WhatsApp communication

SENEGAL – Infobip, global communications platform for business, will provide WhatsApp customer communication services and its Conversations CPaaS-based contact centre system to Senegal mobile operator Expresso. According to a press release communication services provider, combining WhatsApp with Infobip’s in-house developed Conversations cloud contact centre software gives Expresso Senegal a powerful tool to manage customer communications and multiple use cases, from technical support to sales and loyalty programs. Using Conversations means less strain on Expresso customer agents and streamlined internal processes for improved communication and ultimately, a better customer experience, it…

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Tysilio set to install containerised solar system with battery storage in Senegal

SENEGAL – Tysilio, a French company, is set to install its containerised solar system with battery storage in a community agricultural estate (DAC) in Sédhiou, southern Senegal. This is after Tysilio signed a partnership agreement with Senegal’s National Programme for Community Agricultural Estates (Prodac). This solution, called the Tysilio Solar Station (TSS), will reduce farmers’ dependence on highly polluting generators. The installation will consist of a small 32 kWp solar plant connected to inverters and batteries installed in a container. The storage system will be capable of accumulating 60 kWh…

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