Mining company Tiger Resources concluded a purchase agreement on Monday with Chinese company Sinomine HK to sell its copper-cobalt assets in DRC valued at about $260 million. The related assets include Kipoi and Lupoto projects and the “la patience” permit. According to terms stated, the sale amount include $250 million cash payments and the assumption of liabilities by Sinomine HK...

United Nations office in Somalia called for $1.6 billion needed for the implementation of humanitarian action plan targeting 5.4 million people in the country, last week. According to the organization, though progress has been achieved to tackle famine in 2017, long-term solutions for drought, conflict and displacement must be found. “I am proud that we averted a possible famine...

Sula Iron & Gold, active in Sierra Leone and DRC, changed name to African Battery Metals (ABM). The company, which started trading its shares under the new name last Wednesday, wants to focus on developing its cobalt exploration licenses (Kisinka and Sakania) in DRC. According to Roger Murphy, its CEO, this new name “better reflects” the company's new focus and strategy to produce...

Togolese project for rural electrification via solar power CI-ZO reached first beneficiaries, last weekend in Savanna region. It was launched on December 2, 2017, in Ogou by the head of State, Faure Gnassingbé.    Thus, 12,000 households have access to renewable electricity at lower cost in Mango town. This initiative which is the flagship project of the president’s social...

Mali will be the largest African cotton producer in 2017-18. While the cotton season is not yet over (next March), the country has already recorded 721,000 tons of the 725,000 tons expected at the end of the season thanks to better weather than expected, said Brehima Cissé, Secretary General of the Malian chamber of agriculture, to Reuters. This level of output should allow the...

FADEV, a crowdfunding platform, indicated that it had sold its 20% share of Vallesse Sarl’s capital, the Ivorian book publisher, to Comoe Capital, an investment firm partnered with Investisseurs & Partenaires. “We held 20% of the share of  Vallesse SARL (75 shares) and we sold them all. It is truly an exit from the investment. For 4 years, we have supported the company financially and...

Ghanaian government could cut prices it pays to cocoa producers during the 2017/2018 light crop season; this, after the status quo maintained during the previous campaign. According to Reuters the country, which currently pays $1,700 per ton of cocoa, 83% of the global price, considers cutting it to 70% during the mid-crop season which spans from July to September. This measure should allow...

Mali’s annual gold production soared by 5% to stand at 49.6 tons in 2017, more than what the fourth gold producer in Africa expected (45 tons). “There was real progress in the industrial mines [...] a net improvement of performance,” commented Karim Berthe, deputy director of the minister of mine and geology, in a statement relayed by Reuters. This increase was spurred...

During the 2018-2019 campaign, the World’s wheat output could record its first contraction since 6 years, the International Grains Council (IGC) announced yesterday. According to the intergovernmental organization, this fall is subsequent to a downward revision of the world’s crop, in a context where consumption will continue the growing momentum recorded last year. So, the overall wheat...

Gisèle Dutheuil (photo), head of Audace Institut Afrique, declared that 96% of Ivorian lands remain to be registered by the government. It was during a training seminar she co-hosted at the Fondation Friedrich Naumann for Freedom’s headquarters in Abidjan last January 11. The seminar, under the theme “comment réinventer le foncier en Côte d’Ivoire?” (how to reinvent land in Côte...