Coris Invest, owned by Burkinabe businessman Idrissa Nassa, recently initiated the acquisition process of the British company Hummingbird Resources. Sealing this deal would give Coris Invest control of two new gold mines, one in Mali and the other in Guinea. Nioko Resources, a subsidiary of Coris Invest Group (CIG) led by Burkinabe businessman Idrissa Nassa, is set to make a takeover bid for the...

Located in Worodougou, 500 km from Abidjan, the Séguéla open-pit mine began operations in 2023. It is projected to produce an annual average of 133,000 ounces of gold over its 7-year lifespan. This estimate does not account for the mine's underground mineral resources. Fortuna Mining plans to complete a 12,000-meter drilling program at the Sunbird deposit of its Séguéla gold mine in Côte...

Africa's digital connectivity challenges hinder economic growth. Expanding digital infrastructure could integrate millions into the digital economy. Cassava Technologies, with its Broadband Connectivity, Data Centres, and AI-driven solutions, plays a key role in addressing these issues. Cassava Technologies, a global technology powerhouse with African roots, has achieved three transformative...

Morocco is stepping up its international cooperation efforts to accelerate its digital transformation. Over the past three months, the country has strengthened ties with Portugal and Estonia. Morocco and Saudi Arabia have signed a memorandum of understanding to enhance their collaboration in e-government initiatives. Amal El Fallah Seghrouchni, Morocco’s Minister of Digital Transition and...

According to the IMF, the member countries of CEMAC have made progress in structural reforms aimed at supporting the private sector, maintaining the stability of the financial system, and addressing debt-related vulnerabilities. The International Monetary Fund (IMF) has praised the economic progress made by the member countries of the Central African Economic and Monetary Community (CEMAC)...

As the world's largest chromium producer, South Africa relies heavily on Mozambique's Maputo port for up to 50% of its mineral exports. However, the country is currently dealing with a severe post-election crisis that has significantly impacted its economy. The Minerals Council of South Africa expressed particular concern on December 12 about the impact of Mozambique's unrest on the chrome...

The Telecom Namibia cyberattack is more than a localized issue; it is a symptom of the broader challenges faced by nations undergoing rapid digital transformation without commensurate investment in cybersecurity. Addressing these challenges will require a coordinated effort involving government, businesses, and international partners to build a resilient and secure digital ecosystem. Telecom...

The ICT sector is a cornerstone of modern economies, serving as a catalyst for innovation, connectivity, and productivity. Namibia’s 17% revenue growth demonstrates its ability to adapt to global digital trends despite stagnant profits. Namibia’s Information and Communication Technology (ICT) sector has demonstrated resilience and growth, with a newly published 2023 ICT Sector Market Report...

The Afema gold project, situated 120 km southeast of Abidjan, was originally managed by Sodim, which now holds a 20% stake. Recently, Turaco Gold, an Australian mining firm, identified over 71 tons of gold at the project.  Australia’s Turaco Gold announced on December 16 that it completed the acquisition of an 80% interest in the Afema gold project in Côte d'Ivoire. This acquisition...

Aura Energy, the owner of the Tiris uranium project in Mauritania, plans to commence operations at what could be the country's first uranium mine by 2026. The project is expected to produce 2 million pounds of uranium annually over 25 years. By doubling its annual production, the company would be better equipped to benefit from any increase in demand and nuclear fuel prices. Aura Energy unveiled...