Gabon being unable to organize the legislative elections as it was supposed to do by April 30, 2018, the Senate will take over and represent the national assembly. This was announced by Marie-Madeleine Mborantsuo (photo), president of the constitutional court according to a statement published by AFP. “The national assembly is deprived of its power upon notification of the present decision to...

Hummingbird Resources published today April 30 the operating balance sheet of its Yanfolila gold project (Mali) for the first three months of 2018, revealing that the mine produced a total of 18, 785 oz of gold at 2.96 g/t out of which 9, 912 oz were produced in March. Meanwhile, the Company sold during the same period a total of 11,941 ounces at an average price of $1,332 /...

In a video, which went viral on social media, an Algerian landowner was denouncing Oran’s authorities’ decision to grab his land in order to build a Peugeot-car factory. This video prompted public outrage in the country and further revelations emerged. Indeed, according to local media, there were eight landowners whose lands (a total of 120 ha) were grabbed in exchange for compensation...

The Angola-based company Biocom plans to achieve a turnover of $300 million at the end of this year, doubling that of 2017. According to the company’s deputy director Luís Bagorro Júnior (photo), mentioned by macauhub, this target will be hit by selling 100, 000 tons of sugar, 20, 300 cubic meters of ethanol and 110-gigawatt hours of electricity. Moreover, the official...

In Algeria, the cereal (wheat and barley) production should increase significantly during the 2018-19 season.  This was revealed to Algérie presse service (APS) by Noureddine Amrani, head of cereals division at the Algerian Inter-professional Cereals Office (OAIC), without any figure. This good prospect is mainly attributable to abundant rainfall in the country’s...

Congo’s Republic hosted yesterday April 29, the first summit of African Heads of State and Government on the climate committee and the Congo Basin Blue Fund. The goal of this summit, which gathered eleven African heads of state, was to mobilize funds for the Congo Basin Blue Fund which is designed to protect the basin (220 million hectares) considered as the planet’s second ecological...

Tanzania seeks AfDB’s support for the construction of Stiegler George hydro plant. The request was addressed to Akinwumi Adesina, the bank’s chairman, by the Tanzanian president John Magufuli during a work session last weekend. “President Magufuli is very committed to ensure that the country becomes industrialized, but you cannot get industrialized unless you have access to...

In Kenya, the implementation of two hydro projects estimated at KSh63 billion (over $627 million) was halted for security reasons.  Golden Associates, the company carrying out an assessment of Arror and Kimwarer dams had to suspend operations after their working team was assaulted by angry protesters on the sites. “We had no option but to suspend the assessment process...

Malicounda’s combined-cycle thermal power plant (Senegal), estimated at 130MW, will be designed and constructed by the Finnish company Wärtsilä. The agreement was signed by the company and Melec Power Gen (MPG), independent power producer and subsidiary of Lebanese group Matelec, which got the Senegalese government's approval to implement the plant. “This is a major energy...

In order to stop default in payment in Cote d’Ivoire’s cocoa sector, the international audit firm KPMG is advocating the establishment of a cash market system for local cocoa exporters. Unlike the futures market, which offers buyers predetermined pre-harvest cocoa contracts, the cash market, also known as the real market, allows for the commodities’ negotiation as well as immediate...