Lucara Diamond has postponed production at its Karowe diamond mine in Botswana from H2 2026 to H1 2028. According to the company, the launch was postponed due to the project's slow progress. Lucara announced on March 31, 2025, that it will directly manage the underground extension project (UGP) implementation at Karowe. The company terminated its engineering, procurement, and...

 (Ecofin Agency)   - Côte d’Ivoire has introduced a partial customs tax exemption of 7% to 15% on animal feed imports to ease production costs. - The government is investing in infrastructure modernization and strategic projects to boost livestock and aquaculture. - The country aims to meet 65% of its demand for animal products by 2026, up from 26.7% in 2019. Côte d’Ivoire...

- The International Monetary Fund (IMF) has approved a $4.5 billion Flexible Credit Line (FCL) for Morocco to strengthen its foreign exchange reserves and support economic reforms. - The IMF highlighted Morocco's economic resilience but warned of risks from external shocks and persistent droughts affecting agriculture. - This is Morocco’s second FCL after receiving $5 billion in...

The Global AI Summit on Africa began today, April 3, 2025, in Kigali, Rwanda. Over 1,000 participants from 95 countries and more than 100 AI companies are taking part in this two-day meeting, organized by the Center for the Fourth Industrial Revolution and the Ministry of ICT & Innovation, in collaboration with the World Economic Forum. The inaugural event aims to explore how artificial...

Ivanhoe Mines, the Canadian mining powerhouse, revolutionized the Kamoa-Kakula project in the Democratic Republic of Congo (DRC), turning it into Africa’s largest copper mine. Now, the company is setting its sights on Zambia, Africa’s second-largest copper producer. On April 2, 2025, Ivanhoe announced it had secured exploration licenses covering 7,757 square kilometers in Zambia’s North...

The court's decision to release MTN Cameroon's seized assets is a crucial development that not only safeguards the company's operational stability but also reinforces the importance of equitable legal processes in supporting a conducive business environment. MTN Cameroon announced on March 31 that the Littoral Court of Appeal in Douala had lifted a garnishee order that had frozen its bank...

Burkina Faso and Turkey are discussing new projects to strengthen their partnership. Trade between the two countries fell to $102.4 million in 2024, down from $127.6 million in 2022. Burkina Faso is looking for international support to boost investment in key sectors like health and education. Burkina Faso is working to expand its cooperation with Turkey through new bilateral...

Société Minière de Boké (SMB) will participate in the 29th Fastmarkets Bauxite and Alumina event in Miami from April 2-4, 2025. Fastmarkets organizes this leading international forum, which is dedicated to the bauxite and alumina value chain. For years, Guinea has been a powerhouse in the global bauxite market. This year, the West African nation should produce almost 55 million tonnes,...

Aurum Resources confirmed the discovery of 1.59 million ounces of gold at its Boundiali project in Ivory Coast in January. The company plans to continue exploration until 2025 while preparing technical studies for potential production. Aurum Resources is ramping up efforts to advance its Boundiali gold mine in Côte d’Ivoire. On March 31, the Australian junior mining company revealed it had...

Robex Resources secured a $130 million credit facility in March 2025 to fund the completion of its Kiniero gold mine in Guinea. The mine promises to produce 34 tonnes of gold over nine years. Robex plans to invest between C$245 million and C$265 million ($171 million to $185 million) this year to finalize construction works and begin gold production at its Kiniero gold mine in Guinea....