Companies operating in the mining and oil sector, paid about USD 1.8 billion to the Congolese state, according to a 2013 ITIE report on this country with a huge potential attracting big mining and oil&gas companies. The Katanga province is said to have collected USD 1.2 billion coming, for the most part from the mining sector which represents 70% of this particular sector in DR Congo. It is...

Cashew nut varieties which can yield up to one ton per hectare. These are the new products on which the agricultural research is poring over in Côte d’Ivoire. According to Dr Mariam Ouattara, technical director for cashew at the Cotton and Cashew Council (CCA), these varieties will enable the country to move from a traditional agriculture of the cashew to an industrial agriculture. The...

The 800,000 inhabitants of Bata in Equatorial Guinea have been living without electricity for the past two weeks. This energy shortfall in the economic capital of the country is mainly due to a drought. The city is indeed supplied by the Djibloho hydroelectric power plant of a capacity of 120 MW, located on the Wolé river which water level has substantially decreased. "We have special...

The Tunisian government announced on 18 August, that it authorises the resumption of commercial flights from two Libyan airports which had been suspended since August 2014 for security reasons. “Starting today, airspace is reopened to Libyan airline companies for flights departing from all Libyan airports, in the East as in the West, for airports in Tunisia”, the Tunisian Minister of...

The Gabonese banking group announced in a press release having officially started its activities in Senegal. “This new establishment strengthens the ambitions to expand of the group in Africa and more precisely in development zones with high potential such as the West African Economic and Monetary Union (UEMOA)” declared the BGFI Bank group CEO, Henri Claude Oyima, quoted in the...

The Moroccan group Banque Centrale Populaire (BCP) has just signed an agreement with the state of Niger to buy a majority share (over 70%) in the capital of the Banque Internationale pour l’Afrique Niger (BIA Niger), reports the Moroccan newspaper L’Economiste in its newsletter dated 19 August. The amount of the transaction has not been revealed. “The objective to reach through this...

he Swiss trader and mining operator Glencore has made a downward adjustment of the financial worth of its oil assets in Chad by USD 792 million, we learn from its financial report for the period covering the first half of 2015. The company explains this situation by the important modifications made to its Chadian operations. These modifications were on the volume of investments, production...

The US is considering excluding Burundi from the AGOA programme (Africa Growth and Opportunity Act), a scheme of trade preferences granted to African countries, due to its lack of respect for criteria required by Washington in matters of Human Rights and democracy, an official of the American Department of State announced on 18 August. "There is a review process under the AGOA system to examine...

"Bring knowledge close to the population" such is the mission assigned to the future digital university TV which will emerge in Senegal. And the channel could be launched this year in 2015. "Our wish is that if we have the required authorisation before the end of the year 2015, that at least an embryonic national version is operational", said the Minister of Higher Education and Research, Mary...

Toro Gold Ltd announced on 19 August that it has satisfactorily completed its final feasibility study and environmental and social impact evaluation reports on its Mako project, reiterating that the first gold bar would be produced in the first semester 2017. The company mentioned, on this occasion confidence in its mining activities with commercial production of gold in this project located in...