Last weekend, Savary Gold, the mining company that operates Karankasso project in Burkina Faso announced that it had sold 33.33 million of its shares to SEMAFO at $0.06 each. Thanks to this transaction, SEMAFO owns 15.5% of Savary. The TSXV-listed company (Savary Gold) said it would use the fund ($2 million) to advance its Karankasso gold project by conducting technical studies...

Zimbabwe’s president Emmerson Mnangagwa, despite his numerous promises and positive actions for the reconsideration of the land reform carried out since the 2000s by his predecessor Robert Mugabe, has just made a U-turn. He made this known on national TV on february 10, announcing that the farms will not be returned to their white owners. He said this contrary to some journalists’...

Just today February 9, 2018, Namdeb Holdings, a joint venture between the Namibian government and De Beers, announced that it was looking for a buyer for Elisabeth Bay mine to ensure its long-term operation. Located on the country’s South-West coast near Lüderitz city, the mine employs about 160 people and had produced about 200,000 carats of diamonds in 2017. “Elizabeth Bay Mine...

The rural municipality of Darou Khoudoss hosted earlier this week, a forum on “Land tenure, women and youth’s access to land” (Sécurisation du foncier et accès des femmes et des jeunes à la terre), Le Quotidien reported. “In Darou Khoudoss, there is the natural public domain but also the public domain of State as well as that assigned to mining companies,...

On February 6, 2018, Emery Okundji (photo), Congo’s minister of posts, telecommunications and ICT, signed a statement summoning VSAT antenna holders and internet service providers (ISP) to identify themselves. The statement reveals that they have up to February 28 to do so at the Posts and Telecommunications Regulatory Authority (ARPTC). According to the official, after this...

Russia’s main fertilizer producers Uralchem and Uralkali, plan to increase their sales volumes in Zambia and Zimbabwe.   The information was disclosed by Dmitri Mazepin, Russian billionaire, Uralchem’s owner and shareholder in Uralkali, while meeting the respective presidents of the two African nations, Edgar Lungu and Emmerson Mnangagwa. To achieve their goal, the...

In Côte d’Ivoire, Anoblé Felix (photo) (MP of San Pedro district) announced that he requests for an investigation on the royalty paid to Ivorian Radio and Television Broadcasting (RTI), through the Ivorian electricity company (CIE). The official said this last week while meeting with populations. “At the session that will open, we will ask for an inquiry on the CFA2000 that...

Pape Dieng (photo), Sonacos’ managing director, announced that the company plans to move towards peanut oil refining and sales targeting Senegal’s domestic market, APS indicated. The official explained the decision to focus on domestic market, rather than exporting crude peanut seeds and oil, as usual, by the fact that global prices of the oleaginous are slumping. With the new move, the...

Islamic Development Bank (IDB) will launch in April 2018 the “Transform” fund dedicated to Moroccan startups and SMEs. It aims to support projects yielded by the platform launched by the lender on February 6, 2018, in Morocco. The fund, with a target capital of $500 million, will finance promising projects at their early stage. It will also enable innovative startups and SMEs to...

Mining company Volt Resources announced today that it applied for mining exploration licenses for its Bunyu graphite project, in Tanzania. Applications are for the mine’s two development stages. The first stage concerns the implementation of a processing capacity of 400,000 tons per year for 20, 000 tons of graphite produced yearly. This processing capacity will be increased to 3.8 million...