Burkina Faso’s largest gold mine, Essakane, produces over 400,000 ounces annually. Despite benefiting from rising gold prices, the Canadian company Iamgold faces soaring costs due to insecurity. The escalating insecurity in Burkina Faso has taken a toll on Essakane, the nation's biggest gold mine run by Canadian firm Iamgold. Terrorist attacks have driven up operating expenses by 51% from 2021...

Gold prices rose by about 30% in 2024 and continued to climb in the early weeks of 2025. However, after reaching a peak of $2,936 an ounce in February, they started slumping, despite ongoing factors that initially drove the increase. On Monday, March 10, gold prices fell to a weekly low of $2,883 an ounce, according to the World Gold Council, before rebounding to $2,910 an ounce...

Since it sold its Arcadia lithium project in Zimbabwe for $400 million, Australia's Prospect Resources has been searching for a new African asset in the metals sector. The company's Mumbezhi project in Zambia could become this asset. On Tuesday, March 11, Prospect Resources published an initial mineral resource estimate for its Mumbezhi copper project in Zambia. This project contains 107.2...

This decline stands in sharp contrast to the average share of funding received by the sector between 2017 and 2023. Africa, however, remains a land of opportunity, especially as investment banks become increasingly saturated and commercial banks are squeezed by new risk regulations. Private equity investments in infrastructure across Africa saw a decline in 2024, falling to 38% of the total...

Tax cuts, budget cuts, and overhauls in taxation and energy policies—John Mahama’s government is on a mission to restore financial stability in a heavily indebted country relying on IMF support, grappling with slowing growth and soaring inflation. Elected in December 2024 on a promise to fix Ghana’s struggling economy, President John Mahama is taking drastic measures to get the country’s...

The Democratic Republic of Congo is actively engaged on multiple fronts in response to ongoing rebel attacks in the eastern region. Despite recent discussions about a potential minerals deal with the United States in exchange for military support, Kinshasa has yet to issue an official statement on the matter. Two weeks after initial press reports, details about a potential minerals agreement...

Barrick's Loulo-Gounkoto mine, which supplied 15% of its gold in 2024, has been shut down since January 2025 due to a long-standing dispute with Mali's government. The company is racing to resolve the issue, which began in 2023. Barrick Gold's decision to halt operations at its Loulo-Gounkoto mine in Mali last January may cost the company its title as the world's second-largest gold producer in...

Africa Global Logistics (AGL) announces the signing by its subsidiary Congo Terminal of a financing agreement of 150,880,000,000 CFA francs (equivalent to 230,000,000 euros) for the extension of the Container Terminal of the Autonomous Port of Pointe Noire (PAPN). This achievement was made possible thanks to a bank round led by Crédit du Congo and Attijariwafa Bank as arrangers, and composed...

Competition is nothing new on Benin's internet market, but the potential arrival of another player signals an aggressive rivalry that will benefit consumers and contribute to the growth of digital services in the country. Canal Box, the internet service offering from Vivendi, known for its aggressive pricing in other African markets, is set to launch in Benin. Although there’s been no official...

When Bola Tinubu came to power in 2023, he promised to strengthen transparency and intensify the fight against embezzlement, but the challenges remain significant in a country considered one of the most exposed to corruption in the world, where cash and the informal sector still dominate. Nigeria’s Economic and Financial Crimes Commission (EFCC) recovered nearly $500 million in stolen...