The mining company Randgold Resources aims this year to keep output rising at its Tongon mine (North, Niellé permit) in Cote d’Ivoire which produced 300,000 ounces of gold in 2015. The executive director of the company Mark Bristow mentioned this during one of the traditional press conference that the group holds on quarterly basis. The executive believes that Cote d’Ivoire provides the...

Egypt’s New and Renewable Energy Authority is negotiating with 10 financial institutions to acquire funding necessary for the construction of a 180 MW wind power plant. Among some of these institutions are National Bank of Egypt, Commercial International Bank, Banque Misr, Emirates NBD, International Finance Corporation, European Bank for Reconstruction and Development, kfW and the African...

As it faces a severe drought which exposes 10% of its population to a dark cloud of hunger, Zimbabwe obtained a $200 million loan from African Import-Export Bank (Afreximbank) to finance its maize import, governor of central bank, John Mangudya, announced on January 22. “We obtained a $200 million loan from Afreximbank which will allow us to import maize from any part of the world,”...

In Morocco, a new trial was just opened against journalist Ali Anouzla, director of website Lakome2. This time, he is tried before the High Court of Rabat for “infringing the territorial integrity”. Next hearing is on February 9, 2016. Ali Anouzla is accused to have used the terms “Western Sahara” and “Occupied Sahara” in an interview with German daily “Bild”. According to the...

Canal+ just introduced Benin to a new way to have access to internet. This involves the local power provider, Société Béninoise d’Energie Electrique (SBEE). Both institutions signed on January 21, 2016, an agreement which plans for the exploitation of CanalBox Benin’s infrastructures. The first city to benefit from this agreement is the capital; other cities will be later connected....

According to sources cited by Dakar Actu, Senegal’s President Macky Sall demanded from the Regulatory Authority of Post and Telecommunication (ARTP) to sanction mobile operators Sonatel, Tigo and Expresso. The Head of State during the council of ministers which was held on January 20, 2026, said it was inadmissible for these firms to boycott the call for application for 4G licence. Dakar Actu...

The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) on Monday declared that he wants non-OPEC oil producers to help in curbing the global supply glut. “It is vital the market addresses the issue of the stock overhang. It should be viewed as something OPEC and non-OPEC tackle together,” Secretary-General Abdalla El-Badri said at a conference in London. He added...

Egypt’s Minister of Petroleum, Tareq Al-Mulla, has revealed that the sharp fall in the prices of crude oil in the international market will have bad effects on foreign oil companies working in the country. « This decline is a major challenge for the foreign oil companies working in Egypt in financing investments in fields of research, exploration and speed in which oil fields are...

The agrofood company Juhayna Food Industries made in Egypt, a net profit of EGP279 million ($36.6 million) for the 2015 year which ended on December 31st. This represents an increase of EGP170 million compared to net profit in 2014. The Egyptian Stock Exchange of course welcomed the news. The firm’s share on the bourse soared 1.86% on January 24, 2016. However, observers estimate that the...

At the end of December 2015, Ivorian subsidiary of BRVM-listed firm Société Générale joined the top 30 companies in sub Saharan Africa by market capitalization, South Africa excluded, established by Hartland-Peel. With $690 million of market capitalization at the end of the benchmark period, Cote d’Ivoire’s most important bank in terms of volume of assets ranked 26th on the list...