Triton Minerals announced yesterday May 8, it has concluded with the Chinese company Chengyang, a binding agreement to supply a part of the graphite concentrate produced at its Ancuabe mine in Mozambique. This agreement is the company’s second of the sort, the one signed with Tianshengda being the first. Under the agreed terms, Triton will annually deliver Chengyang up to 16,000 tons...

Mauritania will provide Mali with 40-50 MW to help the country reduce its power deficit. This was revealed by the Mauritanian Prime Minister Yahya ould Hademine, at the end of a meeting with the Malian delegation. “President Mohamed ould Abdel Aziz gave strict instructions for all measures to be taken to meet Mali’s demand,” the official said. According to the Mauritanian...

African Guarantee Fund plans to boost its capital by fivefold to $500 million by 2021. This was reported today May 9 by Reuters which quoted a senior official of the fund whose goal is to help African SMEs secure financing. “We are in the middle of a fundraising campaign to boost the fund’s capital five-fold to half a billion dollars by 2021,” Adidja Zanouvi, the fund’s...

During the 2018-19 season, the global sugar market will record highest level of surplus since 2006-07. According to analyst Global Platts/ Kingsman, this surplus will be 12.59 million tons, up from the 11.46 million tons achieved the previous season. The oversupply will mainly be driven by India which is expected to hit a record production level during the period under review. Moreover,...

Teranga Gold announced last May 7, it has received $70 million under the $200 million agreement signed in March 2018 with Taurus Funds to advance projects in Burkina Faso. The resource is part of the first tranche worth $165 million which was to be used to develop the Wahgnion Gold Project and repay all of the Company’s debt totaling $15 million. The company also...

The Angolan government plans to set a food reserve before the year 2019. The information was disclosed by Joffre Van-Dúnem Júnior (photo), the trade minister who stressed that the decision has already been approved by the economic committee of the council of ministers. According to him, this stock will enable the government to intervene in the domestic market to keep prices in balance and...

Cape Verde’s government plans to privatize the national power and water company Electra by 2020. This was announced last May 2 by Olavo Correia (photo), deputy Prime Minister and Finance Minister. “The process of privatizing Electra will be studied, decided and implemented by 2020,” he said after a visit to Electra's premises in Gambôa and Palmarejo, on Santiago Island, the...

African Development Bank (AfDB) and Morocco’s Banque Centrale Populaire (BPC) signed yesterday May 8 a financing agreement worth $100 million to promote intra-African trade. According to information relayed by Xinhua, the agreement should make it possible to boost trade relations between Morocco-based companies and others within the continent. It will support projects in...

The Independent Communications Authority of South Africa (ICASA) will conduct a survey in May on the state of the local pay-TV market. This prompted the leading operator MultiChoice to alert the regulator against a number of mistakes that could occur. Calvo Mawela, CEO of MultiChoice's South African subsidiary, told MyBroadband that ICASA should avoid over-regulating the pay-TV...

Jean-François Vallet, European Union (EU)’s ambassador to Côte d’Ivoire, stated on the sidelines of the EU-Côte d’Ivoire cooperation days (from May 8 to 9, 2018), that the institution will support the country’s land tenure strategy. In fact, land conflicts are growing within the country, affecting land security. “By getting involved in this issue, EU's objective is to...