Tunisia’s fruit exports increased by 51% in value to TND42.4 million ($16.2 million) between January 2 and July 3, the Ministry of Agriculture, Water Resources and Fisheries revealed. This increase in revenue was driven by higher export volume which reached 13,990 tons over the period reviewed, 19.2% more than the previous marketing year. Apricot was the most sold fruit with shipments...

Between December 2017 and May this year, the loan portfolio granted by Misr Bank to SMEs grew by 31% to EGP10 billion ($558.3 million) from EGP8 billion ($446.7 million). According to the Vice President Akef El Maghraby (photo) relayed by local media, 70,000 SMEs will benefit from the resources. The outstanding loan will reach EGP25 billion by the end of the 2018-19 financial year and EGP45...

ASX-listed Tiger Resources announced last weekend it cancelled the transaction concluded with the Chinese group Sinomine HK whereby it would have sold its copper-cobalt assets in DR Congo for $260 million. The sale agreement targeted Kipoi and Lupoto projects as well as La Patience permit. The company indicated that Sinomine failed to reach acceptable terms, despite an extension of the...

By 2020, Senegal River Valley (VFS) would produce up to 875,000 tons of rice, up from 455,000 tons currently. This was revealed by Amadou Thiam, head of development and support to local authorities at the national authority for Delta land operation and development (SAED). According to APS which reported the news, Senegal initiated various measures to hit target, including the improvement in...

TSX-listed Ivanhoe Mines announced it will soon disburse over C$800M (about $609 million) to advance operations at its mining assets in South Africa and DR Congo. The goal is to speed up the development of its three world-class mines including Kipushi, Kamoa-Kakula, and Platreef. Most of the fund (C$723 million) will be mobilized through a private placement that will see China’s CITIC...

The leading global advisory, brokerage and solutions company Willis Towers Watson plans to settle in 14 African countries to help boost insurance development. Insurance Business Mag reported July 6.   “We’re now in talks with interested parties about moving its businesses in 14 markets,” said Adam Garrard, the head of international operations. The markets to be reached include...

Prospect Resource which operates the Arcadia lithium project in Zimbabwe, announced today July 9 it entered into an option agreement with J3 Mining to acquire up to 75% interest in the Malemba Nkulu lithium and copper-cobalt project in DR Congo. The transaction is subject to a free 90 day due diligence period which ends next September 25. Concerned assets include two exploration permits covering...

TSX and AIM-listed Avesoro Resources active in Burkina Faso and Liberia, reported today July 9, a 128,319 oz year to date output. This figure is in line with full year guidance of 220,000-240,000 oz. “Already this year, we have substantially outperformed the Company's prior year total annual gold production of 76,179 ounces and we remain on track to meet our 2018 production guidance of 220,000...

A recent Global Tech Media WeeTracker report revealed that between January and June this year, Kenyan startups captured the largest share of investments made in Africa. Over the period, African startups completed 118 transactions and mobilized $168.6 million. Nigeria attracted the most investors handling 31 transactions for $29.41 million. However, Kenya realized 23 deals but captured...

As a fulfilment of President Patrice Talon’s promise during election campaign, the review of Benin’s constitution is about to be reached. Initially rejected, the draft on constitution review was validated by the National Assembly but failed to obtain the qualified majority required for a direct vote. As a result, the draft will therefore be subjected to a referendum. “The principle of the...