Simon-Pierre Boussim (pictured) is no longer Burkina Faso’s mining minister. He has been removed from this position and the government after a reshuffle last December 17, replaced by Yacouba Zabre.
This move comes at a time when the country seeks to improve its gold production following a decline of 14% in 2022. The government's response to this poor performance included a change earlier this year in the mining royalty rate levied on gold production, to take account of changes in the price of the metal. The construction of a local gold refinery has also been launched, with commissioning scheduled for the end of 2024. Burkina Faso's mining sector is a pillar of the national economy, contributing 16% to GDP and over 80% to exports, according to the latest EITI figures.
Following this reshuffle, other ministerial portfolios underwent changes, such as that of Foreign Affairs, now held by Karamoko Jean Marie Traoré, and that of National Education, now headed by Sosthène Dingara, former Secretary General of the government.
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...
COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...
The World Bank forecasts a 21% annual increase in fertilizer prices. Urea, DAP, and potash pr...
Inflation slowed to 10.1% in October from 10.3% in September Lower prices for fruits, hotels, and travel helped curb overall inflation Prices for...
The company exercised its option to acquire 80% of Kouroufaba Gold. The move strengthens its control over the Didievi gold project. African Gold plans...
Spark+ Africa Fund granted $6.4 million in impact financing to Baobab Group Côte d’Ivoire, the country’s largest microfinance institution, to...
The Nigerian government targets 1.8 million tonnes of annual sugar production by 2033, up from 75,000 tonnes currently. The National Sugar Development...
Timkat, celebrated each year in Ethiopia, marks the feast of Epiphany in the Ethiopian Orthodox Church. It commemorates the baptism of Christ in the River...
The Namib Erg, also known as the Namib Sand Sea, is one of the most ancient and spectacular desert landscapes on Earth. Stretching along Namibia’s...