Indorama Eleme Fertilizers & Chemicals Limited (IEFCL), one of Nigeria’s main fertilizer suppliers, plans to produce 750, 000 tons of urea during the next agricultural season. Sanjay Srivastava, the sales and marketing manager told Dailytrust. The manager said that the company also plans, in line with the Presidential Fertilizer Initiative (PFI), to double the volume of fertilizer it...

The African Guarantee Fund (AGF) received $74 million from GuarantCo, a fund established by Britain, Switzerland, the Netherlands, Sweden and Australia. This is to set a mechanism in infrastructure projects’ value chain in Africa. AGF is thus expecting to boost its financing capacity for African SMEs specialized in the infrastructure sector. “The AGF is glad to be joined by...

The South African food manufacturer RCL Foods has just completed a R150 mln ($12.5 mln) expansion project at its pet food plant in Randfontein (Gauteng province), Reuters reports. This move should increase the plant’s monthly production from 7,000 tons to 12,000. Indeed, the firm’s poultry business remains fragile due to drought and importation of cheap products. Thus, through...

This month, DR Congo will launch new monitoring and tracing mechanisms to combat child labor in cobalt and copper mines. This was revealed last weekend, during a metals conference in London by an official of the mines ministry.  “There (in copper and cobalt mines) we have stepped in to look at putting in traceability and monitoring systems. In fact, these mechanisms that I have just...

In 2016, Burkina Faso obtained mining revenues of CFA1, 022 billion, the ministry of mines stated on March 1, 2018.  During the period under review, the country exported 46, 277 kg of raw gold (43, 280 kg in 2015) and 155, 679 tons of zinc concentrate (126, 940 tons in 2015). Gold remains the first export item ahead of cotton.    No data has yet been released on 2017...

The Ivorian State wants to raise $1.2 billion (about CFA600 billion) on the international market to finance its current budget. The operation was launched last February 27 by Amadou Gon Coulibaly (photo), the Prime Minister. In this regard, it has planned a roadshow in several European capitals. The country’s 2018 state budget is CFA6, 756 billion (nearly $11 billion). The...

Ethiopia generated $35.06 million from energy exports during the first half of the current fiscal year which began in July 2017. Bizuneh Tolcha, Director of Public Relations and Communications Directorate at the Ethiopian Ministry of Water, Irrigation and Energy, told Xinhua that the revenues were generated by exporting 100MW to Sudan, 70MW to Djibouti and 10MW to...

ASX-listed Mustang Resources, headed by Bernard Olivier, announced yesterday March 1 that it achieved a milestone in its strategy to make Montepuez a world-class ruby project, by converting an exploration permit into a mining concession. Indeed, the Mozambican government granted the company the mining concession 8, 955C for the area previously covered by the prospecting and exploration license...

In South Africa, the Western Cape province could record a cut by 20% in agricultural output this year due to a severe drought that has been affecting the country for 3 years now, Reuters reports.  According to Alan Winde (photo), Western Cape’s economic opportunities minister, the financial losses should stand at R5.9 billion ($498 million) during the period under...

Tunisia will invest TND12 billion (about $5 billion) in electricity and energy projects in 2018-20. This was disclosed in a statement issued by government last Feb. 27. The project includes the construction of a 600 MW submarine power transmission line valued at €600 million (over $735 million) which will link Tunisia to Italy and two 450 MW plants, Bloomberg reports. The...