Mali’s energy company (EDM) ,the national power supplier, asked industrial consumers to shut down all electrical appliances from 6 pm to 2 am during the next heatwave (from March 1 to July 31, 2018).  This is due to the drought that lowered water level in both Manantaly (200 MW) and Sélingué (46.2 MW) dams. Indeed, for the first time in 38 years, Sélingué dam was not full. At...

On February 26, Ivanhoe Mines announced that the “remarkable” Kamoa-Kakula deposit contains a 50% more copper than previously estimated increase in indicated mineral resources, at a 3% cut-off grade. This follows an updated estimate conducted under the supervision of Amec Foster Wheeler, the independent consultant. According to the current estimations, “Kakula now contains Indicated...

The Gabonese Minister of public works, Jean Pierre Oyiba, concluded an agreement with Société d'exploitation du Transgabonais (SETRAG) to mobilize CFA200 billion to renovate the national railway. This agreement which is in line with the Strategic Plan Gabon Emergent (PSGE), was signed by Mr. Oyiba, Estelle Ondo, the transport minister and Patrick Claes, SETRAG’s managing...

In Côte d’Ivoire, cocoa exporters are struggling to cope with the impact of decline in cocoa output. Indeed, less than a month before the end of the 2017-18 cocoa main season, the volume of cocoa they shipped was not sufficient to fulfill their contracts.   “We received 140, 000 tons (ed: of cocoa) in February against 175,000 tons last year and given the current conditions, we are...

The West African Regional Stock Exchange (Bourse Régionale des Valeurs Mobilières de l’Afrique de l’Ouest, BRVM) is organizing in 2018 a global roadshow which will include three major nancial cities on three continents: Johannesburg, London and New York. The BRVM will launch its BRVM Investment Days 2018 roadshow from Africa’s nancial centre, Johannesburg on March 14th then it will move...

In 2017, the autonomous port of Abidjan handled 22.556 million tons of goods. A figure increase by 3.8% compared to that of the previous year (21.7 million tons). This was revealed by Hien Sié (photo), the port’s managing director, during the launch of the commercial year on February 26. “This increase is due to a growth in domestic trade, which surged by 5.5% to stand at 19.3 million...

In Mauritius, tourism revenues reached $1.88 billion in 2017, exceeding initial forecast of $46.9 million. Compared to the previous year’s revenues ($1.75 billion), this represents an 8% increase, Xinhua reports. Let’s note that the good performance was achieved regardless of the fact that the country received less tourists than it had expected: about 1.34 million arrivals...

In Algeria, the area of irrigated farmland will almost double by 2019 to reach 2 million ha. This was announced on February 26 by the minister of agriculture, rural development, and fishery, Maghreb Emergent, reports. The minister indicated that to date, more than half of the planned area (1.3 million ha) are irrigated. Indeed, since the national extension program for the...

Egypt generated EGP179.2 billion ($10.14 billion) from public revenues during the first four months (July-October 2017) of the 2017-18 fiscal year. This was revealed by the country’s Central Agency for Public Mobilization and Statistics (CAPMAS). Taxes represent the largest part (77.9%) of these revenues. Indeed, during the period under review, Egypt collected EGP139.6 billion ($7.9...

As from March 1st 2018, LABEL TV, in its strategic development, intensifies its satellite broadcasting and reception network positioning itself as the channel which covers Africa best, all African and international channels included. Label TV therefore positions as the tenor of TV satellite broadcasting in Africa on 6 positions: one in C Band covering up to Americas, all Africa, Europe and a...