Hummingbird Resources announced that it will produce next month its first gold at Yanfolila, in Mali.  The Aim-listed firm said it finalized the commissioning of the water supply system for the mine’s processing plant. This in addition to pre-commissioning of the installed ball mill and the commissioning of the raw water supply for the processing plant. Also, wet commissioning of the...

Few days after the digital services firm MTDS announced it would adopt Bitcoin as one of its payment mode, a first in the Cherifian Kingdom, the Office national des changes du Maroc and the Central Bank prohibited all e-currency related transactions. The two institutions claim crypto-currencies are “opaque”. Despite the fact that in Morocco, only a limited circle uses this type of currency...

Tunisia’s fruit exports earnings stood at 58.615 million dinars ($23.4 million) at last November 20, for the 2017 season. This is 35% more than during the past season, the ministry of agriculture, water resources and fishery said in a statement quoted by TAP.  The surge is mainly due to a greater exported volume (23,780 ton or +2.7%), mostly to new commercial outlets.  Among these,...

It is the end of a very long reign for Zimbabwe’s President Robert Mugabe (picture), who submitted his resignation letter to the National Assembly this Tuesday. Indeed, the leader was at the head of the country since 1980, 37 years overall. “I Robert Gabriel Mugabe here by formally tender my resignation with immediate effect. My decision to resign is voluntary on my part and arises from my...

Senegal’s former foreign affair minister, Cheikh Tidiane Gadio (picture), and Chi Ping Patrick Ho, the head of an NGO based in Hong Kong and Virginia, in the Eastern part of the US, were arrested by the U.S justice in the framework of a case of corruption of high officials in Chad an Uganda. Cheikh Tidiane Gadio, was arrested Friday in New York and brought to court the next day, while Chi Ping...

In Burkina Faso, the 15MWc solar plant which is to power the Essakane gold mine, will be financed by the BICIAB, local subsidiary of the BNP Paribas group. EREN Renewable Energy, the firm in charge of the plant’s development, announced Monday that it has signed a senior loan agreement with limited recourse, with the lender, in this regard. The loan is valued at CFA9.2 billion ($16.5...

In 2018, Tunisia’s agriculture should grow by about 10.9%, against 2.5% only this year. This was announced by the minister of agriculture, water resources and fishery, Samir Taieb (photo), on the sidelines of the information day on agricultural investment in Tunisia, organized by the Consulate general of Tunisia in France.  The improvement should result in higher agricultural export...

Madagascar’s land observatory’s director, Laza Raharo Andriamanjato, announced on the sidelines of celebration of the 10th anniversary of the institution that new land offices will be built so that each municipality of the Island has one by 2030. This was reported by L’Express de Madagascar. “There are actually 524 operational land offices in Madagascar. 95% of them are...

While visiting Tunis last Monday, the president of the commission of the Economic Community of West African States (ECOWAS), Marcel de Souza, signed with Tunisian authorities a memorandum of understanding (MoU) aiming to elaborate a roadmap for the promotion of economic cooperation between Tunisia and the sub-regional institution. The MoU which concerns the sectors of agriculture, trade and...

In Nigeria, Gabon and Angola, debt servicing should take up more than 60% of public revenues this year. This is quite a heavy burden according to the International Monetary Fund (IMF). These are not the only countries of sub-Saharan Africa to be concerned by this challenge. The Fund notes that at the end of 2016, public debt had already exceeded 50% of GDP in 22 countries, resulting in some...