Africa’s richest man, Aliko Dangote, said he plans to invest between $20 billion and $50 billion in US and Europe, by 2025, mainly in renewable energies and petrochemicals. In this framework, the Nigerian tycoon is set to begin his activities on both continents in 2020. “Beginning in 2020, 60 percent of our future investments will be outside Africa, so we can have a balance....

Port-Louis, Mauritius’ capital, plans to start exploiting 20,000 ha of agricultural lands it took since 1999 from Mozambique, local website Le Défi média group reported. The lands could not be put to use since due to accessibility issues. An obstacle that has been removed according to Mauritian High Commissioner in Mozambique. “Until recently, one had to cross the Incomati River by boat to...

At the end of the 2016-17 fiscal year, Ethiopia’s horticultural exports generated $271 million for the economy, according to hortibiz.com. According to the authority in charge of the sector and agricultural investment, this is slightly (+1.5%) above the revenues generated a year before ($275 million) but far below (-41.2% or $190 million) what it targeted revenues for the period. In...

Chinese firm Chinalco plans to invest $500 million to develop a bauxite project in the Boffa region, Guinea. This was disclosed by the Guinean minister of mining, Abdoulaye Magassouba, who recently visited China. According to the official, the project should focus on the reserves abandoned by mining giant BHP Billiton. Mining is expected to begin at the site in 2018. If effective,...

During Q2 2017, the mining firm Roxgold which operates the Yaramoko mine in Burkina Faso has sold 28,788 ounces of gold for $36,166,000. In its financial report released last Monday, the firm indicated that it generated cash flow from mining operations totaling approximately $18.6 million during the period reviewed. Regarding its output, it stood at 27,970 oz and cash operating...

Since it was established about 50 years ago, the African Development Bank (AfDB) has injected a total of $30 billion in Africa’s transport sector. The funds were dedicated to more than 450 projects across all the institution’s member states, resulting in the construction of more than 40,000 km-long of asphalt roads. Regarding maritime transport, AfDB invested in the construction,...

In Ivory Coast, volume of cocoa transported to the ports of Abidjan and San Pedro for the ongoing 2016-17 season stood at 1,925,000 tons at August 13, up more than 33% as compared to last year’s figures (1,444,000 tons). According to Reuters who reported the estimates, 11,000 tons of cocoa were brought to the ports last week. That is close to thrice more than the year before (4,000 tons). The...

To boost farming in the Souk Ahras wilaya, in the North Eastern part of Algeria, 2686 deeds for State-held lands were awarded to private investors, according to Algerie Presse Service (APS). “The attribution of the deeds for the lands that span 65,516 ha aims to boost investment and financing in agriculture. It falls in line with an inter-ministerial circular setting the conditions and...

The New Nigeria Development Company (NNDC) in partnership with a Turkish firm plans to invest $15 million in reviving the collapsed Kaduna Textile company in Kaduna state. The Group Managing Director of NNDC, Ahmed Musa, made this known after a meeting with a Turkish business delegation at the NNDC head office in Kaduna. According to Musa, under the partnership, the Turkish firm, Sur...

In Nigeria, Niger state government has signed a Memorandum of Understanding (MoU) worth $3.25 billion with All States Investment Ltd., for fish farming in the state. The agreement was signed at the 2017 Niger State Investment Summit in Minna on Tuesday. According to Henry Goiko, Managing Director of All States Investment Ltd, the investment also includes the establishment of an Integrated...