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.
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
The United States advanced talks to source critical minerals from the DRC, targeting assets operated by Ivanhoe Mines and Glencore. Ivanhoe said...
Akrake Petroleum completed the AK-2H production well at the offshore Sèmè field. Technical results confirmed high porosity and oil saturation,...
Equatorial Guinea increased GEPetrol’s stake from 5% to 32.55% in the Aseng Gas project. Chevron committed to finance the increase while retaining its...
African banana exports rose 5% to 753,000 tonnes in 2025, according to FAO estimates. Ghana recorded the fastest growth, increasing exports 27.72% to...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...