Global Voice Group (GVG), an ICT and telecoms solutions provider, won its case against the State of Guinea for wrongful termination of contract. The International Court of Arbitration of the International Chamber of Commerce of Paris has ordered the country to pay $20 million to the company as compensation for the damage suffered. The decision follows the complaint filed by GVG since December 8, 2016.
In May 2009, the French Post and Telecommunications Regulatory Authority (ARPT) signed a contract with the GVG group to provide the institution with adequate technical resources to control and tax incoming international and national calls, fight fraud, control the frequency spectrum, etc.
But in 2014, the telecoms regulator stopped paying Global Voice Group, claiming acts of corruption, fraud and results that fell short of international expectations and standards.
At the time of its complaint, GVG claimed the sum of $106,558,720 for unpaid debts and wrongful termination of the partnership agreement.
With their lawyer, Hughes Hubbard & Reed LLP, the Republic of Guinea and ARPT intend in the coming days to bring an action for annulment of the arbitral award before the Paris Court of Appeal and, if necessary, before the French Court of Cassation.
Over the past two decades, mobile money has grown into a cornerstone of African finance. Driven by i...
On August 31, 2025, the ruling coalition in Benin Republic—comprising the Union Progressiste pour le...
Nigeria eyes $671m data center market by 2030, seeks Chinese investors. Rising mobile da...
South Africa is advancing with plans to open its payments system to non-banks, with the first lice...
• Tanzania to host investor talks on expanding CNG infrastructure• Government aims to boost CNG use,...
• Report: 54% of North African farmers face salinity-related crop losses.• Egypt worst hit, with 35% of its farmland affected by salinity.• Farmers adapt...
• Zenith Bank to enter Côte d’Ivoire in 2025, eyes Cameroon next.• $228M capital raise supports Francophone Africa expansion strategy.• Côte...
• African Food Systems Forum 2025 ends in Dakar with 6,000+ attendees.• UK, AGRA, AU launch $6.7M food trade corridors partnership.• GCC, Gates...
TotalEnergies sees caping Venus filed in Namibia at 150,000 bpd, but increasing the exploitation for 20-30 years using gas reinjection. Namibia...
The Tomb of Askia is one of the most important historical and cultural monuments in Mali, inscribed on the UNESCO World Heritage List since 2004. Located...
The Mount Nimba Nature Reserve, a true cross-border treasure, stretches across Guinea and Côte d’Ivoire, at the edge of Liberia. It is dominated by an...