Burundi Coffee Farmers’ Confederation (CNAC) forecasts a 17,000 tons coffee output for the 2018 season, reflecting an increase by 2,000 tons compared to last year. According to information relayed by Bloomberg, this increase is owing to good rainfall and higher use of fertilizers. Joseph Ntirabampa, CNAC’s head, said that, during the season which began in March, growers will earn...

Tunisia’s cereal output in 2018-19 is expected to stand at 1.4 million, down 200,000 from last campaign. The agriculture minister announced yesterday June 3, specifying that this underperformance stemmed from low rainfall. The envisaged output is set to include 923,000 tons of durum, 119,000 tons of common wheat and 362,000 tons of barley. To achieve self-sufficiency, the government aims, in...

Triton Minerals' Board has approved the development of its Ancuabe graphite project (Mozambique) which is expected to cost $99.4 million, according to the feasibility study. The company indicates today June 1 that, subject to final approvals and financing, construction is expected to begin in the second half of 2018, with first production in the second half of 2019. Initial work has begun...

In Uganda, insurer Jubilee Holdings will inject an additional $44 million into the Bujagali hydro plant as part of its diversification in the East African region. This new investment follows a $54.2 million previously pumped in the project two years ago, in exchange for shares. "We continue to search for high quality conservative investments that offer consistent and competitive...

In Morocco, export revenues generated by the textiles and clothing sector reached MAD35.5 billion in 2017 ($3.7 billion), an improvement of nearly 4% compared to 2016 (MAD34.2 billion). The Moroccan Association of Textile and Clothing Industries (AMITH) revealed. According to just-style, the main destination remains the European continent and main importing countries are Spain (MAD19.4 billion),...

Tharisa Minerals plans to join Karo Resources in a $4.2 billion platinum project in Zimbabwe, Bloomberg reports. Both companies owned by the Pouroulis family will thus operate the platinum mine located in Mhondoro-Ngezi, west of the capital Harare. According to Phoevos Pouroulis (photo), CEO of Tharisa and son of Karo Resources founder Loucas Pouroulis, “The investment, initially...

Last May 31, a report issued by the United Nations Conference on Trade and Development (UNCTAD) on the economic and social impact of migration flows on Africa, revealed that intra-African migration flows are higher than international migration from Africa Entitled “Migration for structural transformation”, the study showed that out of the 36 million Africans who left their countries in 2017,...

Last May 23, the Burundian Council of Ministers validated the establishment of a national steering committee for a new national reforestation project called "Ewe Burundi urambaye" ("Burundi well dressed"). According to information relayed by Xinhua.net, authorities are concerned about the progress of deforestation related to an “excessive population growth, abusive land clearing and...

Côte d’Ivoire announced it will set its very first photovoltaic plant with a capacity of 25 MW in the locality of Binguébougou, Korhogo region. The project will be steered by Korhogo Solaire, local subsidiary of Moroccan company Nova Power, for a total amount of about $40 million. The company will design, fund, build, and operate the facility. For the record, the concession contract...

Coca-Cola Beverages Africa, the continent’s leading drink bottler, announced yesterday May 30, it will inject $100 million in Kenya over the next 5 years. The company plans to use the amount to launch 50 new products in addition to the over 130 existing ones and also improve infrastructure. With this step, it hopes to take full advantage of the changes in Kenyans’ eating habits as the...