Facing rising interest rates and growing financing needs, WAEMU countries are increasingly adopting medium-term debt management strategies (MTDS) to balance costs and risks. UMOA-Titres, responsible for the main public securities market in the region, is enhancing the capacity of stakeholders to ensure healthy debt management. On June 11, 2024, UMOA-Titres held a webinar on the MTDS, led by...

Côte d'Ivoire's economy will continue to show resilience over the coming years despite regional and international shocks, President Alassane Ouattara said on Tuesday, June 18, 2024. He announced that his administration aims for an average annual economic growth of 7% by 2027 and plans to triple the country's oil production within the same period. “Côte d'Ivoire has shown remarkable economic...

Southern Africa remains the main driver of intra-African trade, accounting for 41.4% of all trade between the continent's countries over the past year. Intra-African trade increased by 7.2% in 2023, reaching $192 billion, according to a report released by the African Export-Import Bank (Afreximbank) on Wednesday, June 12, 2024. The report, titled "African Trade Report 2024: Climate...

Canada's Asante Gold, which operates the Bibiani and Chirano gold mines in Ghana, has reported a rise in production and revenues from its two mines. Between February and April 2023, the two mines delivered 51,372 ounces, generating $97.26 million.   The Bibiani and Chirano mines delivered 53,379 ounces of gold between February and April 2024, against 51,372 ounces a year earlier....

Sanlam, a South African insurance company, will acquire a 60% stake in the insurance segment of local media group MultiChoice. The announcement was made via a joint statement issued Tuesday. Sanlam Life, a subsidiary of Sanlam, will purchase this majority stake in NMS Insurance Service, MultiChoice's insurance branch. The initial cash payment is 1.2 billion rand ($66 million), with a...

Orano, a French nuclear company, recently announced the resumption of development at the Imouraren uranium deposit in Niger, after the project was offline for almost a decade. However, the resumption project is facing opposition from the Nigerien government, which could lead to the revocation of Orano's mining permit. The Imouraren is one of the world's largest uranium deposits. According to a...

Tristream Capital offers alternative financing solutions to mining companies, in exchange for royalties on production. Its current portfolio includes investments in Latin America and Asia. Tristream Capital, a company that offers alternative financing solutions to mining companies in exchange for royalties on production, is planning to inject £3 million ($3.8 million) into the Aukam graphite...

The Ivorian president was eagerly awaited on Tuesday, June 18, for his speech before Parliament. Amidst rumors swirling about a potential announcement regarding the 2025 election, he surprised everyone by making no statement on the matter. In Côte d'Ivoire, President Alassane Ouattara has kept the political arena on edge regarding his potential candidacy in the 2025 presidential election. On...

Benin, a major cotton supplier in West Africa alongside Mali and Burkina Faso, has taken significant steps to industrialize its textile sector with government support in recent years. On June 14, the Zone Industrielle de Glo-Djigbé (GDIZ) in Benin launched the delivery of 80,000 locally-produced children's leggings to the French ready-to-wear chain KIABI. This milestone, announced in a press...

Despite recent tensions between Niger and the US, the development of the Dasa uranium mine in Niger can still count on American support. The future mine’s output is part of the global supply for nuclear power plants, particularly in Canada and the USA. Global Atomic, the Canadian company behind the Dasa project, expects to obtain approval by July 2024 from the credit committee of a U.S....