Duma Gideon Boko visits France for economic and diplomatic engagements Business talks focus on investment, infrastructure, and digital sectors Visit comes as Europe seeks to strengthen strategic partnerships in Africa Botswana’s President, Duma Gideon Boko held a working visit to France in April 2026, where he participated in the One Health Summit in Lyon and led an economic...

WAF produced 107,728 ounces of gold in Q1 2026 Kiaka mine now accounts for the majority of output Company remains on track to meet annual production targets West African Resources (WAF) reported gold production of 107,728 ounces for the first quarter of 2026 in Burkina Faso, driven largely by the ramp-up of its Kiaka mine, which began operations in June 2025. The Australian...

Sonangol orders two LNG carriers worth about $511 million New vessels to support exports from Angola LNG project Move aligns with broader push to scale up gas production Angola’s state oil company Sonangol is stepping up its gas strategy with plans to expand its fleet of liquefied natural gas (LNG) carriers. According to reports published April 8, the company has ordered...

Speculative funds increased net long positions in wheat futures to a six-year high of 117,375 contracts. Wheat prices rose to $6.1 per bushel, near their highest level since October 2024. Strong global supply, including 820 million tonnes forecast production, continues to cap price gains. Global agricultural markets are on edge as the crisis in the Middle East raises...

Fortuna Mining reported 42,016 ounces of gold production in Q1 2026, up 9% year-on-year. The company maintained its annual production guidance of 160,000–170,000 ounces for 2026. Operational improvements lifted gold recovery rates to 93.4%, supporting higher output. In Côte d’Ivoire, the Séguéla gold mine delivered 42,016 ounces of gold in the first quarter of 2026....

Nigeria increased gas reserves by about 5 trillion cubic feet to 215.10 Tcf in one year. Oil and condensate reserves remained broadly stable at 37.01 billion barrels. Authorities target 10 bcf/day gas production by 2027, rising to 12 bcf/day by 2030. Nigeria has increased its natural gas reserves by approximately 5 trillion cubic feet (Tcf) over the past year, according to data...

Witti Finances Holding acquired a majority stake in Kajas Microfinance, entering the Senegalese market. The firm rebranded the entity as Witti Finances Sénégal, while Sunu Group retained a minority stake. Senegal’s microfinance sector shows declining credit (-14.1%) and rising deposits (+1.9%), alongside deteriorating asset quality. Witti Finances Holding has expanded its...

World Bank approved $540 million to fund Uganda’s urban infrastructure program (UCMID II). The initiative targets 10 cities, 26 municipalities, and 13 refugee-hosting districts, benefiting 5.6 million people. Authorities expect the program to create at least 40,000 jobs, including 20,000 permanent roles. World Bank has approved $540 million in financing to support...

Indorama Corporation signed a deal to build a $525 million phosphate fertilizer complex in Egypt. The project will produce 600,000 tonnes annually, with 80% of output aimed at export markets. Egypt’s fertilizer exports reached $2.18 billion in 2024, dominated by nitrogen-based products (71%). On April 8, Indorama Corporation signed an agreement with the Suez Canal...

Niger, Morocco sign agreements to boost education, vocational training Talks focus on human capital amid high dropout, capacity constraints Cooperation aims strengthen workforce skills and support economic resilience Niger plans to strengthen links between its education and vocational training systems and those of Morocco, following talks between Foreign Minister Bakary Yaou Sangare and...