A recent World Bank-UN Report on violent conflicts indicated that a scaled-up system for preventive action would save between $5 billion and $70 billion per year. The document entitled “Pathways for Peace: Inclusive Approaches to Preventing Violent Conflict”, said the money could be used to address other major issues around the world such as reducing poverty and improving people...

Avesoro Resources announced yesterday June 19 results of an updated mineral resource and mineral reserve estimate for its Youga gold mine in Burkina Faso. The mine is now expected to host 660,100 ounces of mineral reserves, up 29% (147,400 oz) from the previous estimate. Meanwhile both indicated and inferred resources increased 15% to 924,200 oz grading 1.73g/t. The new estimate enables to...

The United Nations High Commissioner for Refugees reported yesterday June 19 that about 85% of refugees all around the world live in developing countries. Information relayed by Ethiopian Fana Broadcasting showed that wealthy countries are much less affected by refugee influxes, contrary to the traditionally received ideas. The UN High Commissioner for Refugees Filippo Grandi said the crisis...

World Bank approved, yesterday June 19, $11.07 million in financing to Liberia to reinforce the country’s education sector. This support granted under the Global Partnership for Education (GPE) will mainly focus on improving equitable access to early childhood education and capacity building for teachers in elementary and primary schools. According to World Bank’s Liberia country...

The Egyptian finance ministry pumps EGP1.5 billion (nearly $84 million) into the national project aimed at installing energy saving light bulbs for public street lamps. “The project to modernize the public lighting system is part of the government's efforts to reduce public spending and energy consumption, through more economical streetlights,” the ministry said in a statement. This...

World Bank approved $40 million in financing to Madagascar to develop the Electricity Sector Operations and Governance Improvement Project (EGOSIP). The money granted under the International Development Association (IDA) will enable the national power distributor -JIRAMA- to implement its restructuring program prepared in 2016. Specifically, the project will focus on restructuring the...

Egypt exported about 3.2 million tons of agricultural products during the period between September 2017 and April this year, the country’s Agricultural Export Council (AEC) revealed. This 13% year-on-year increase in volume enabled the Pharaoh’s country to generate about $1.594 billion during the period. The Council reported that the EU and the UK captured the largest share (645,530...

At the end of April 2018, Uganda’s coffee shipments stood at 295,194 bags, down 11.4% compared to the volume a month earlier (333,346 bags). According to the Uganda Coffee Development Authority (UCDA) which reported the news, the beans shipments generated only $32.73 million during the period under review as main season ended in the Central and Eastern regions affecting the volume...

Alphamin Resources announced yesterday June 18, it has successfully completed a C$19.2 million ($15 million) fundraising through the private placement previously announced in late May. The money will be used to advance the development of its Bisié tin project (DR Congo) where construction works started in April 2017 and is scheduled to end in Q1, 2019. In this framework, the company issued 76.8...

In Ghana, the number of mobile savings accounts reached 23.9 million in 2017, reflecting an increase by 21.34% compared to the 19.7 million recorded the previous year. This was indicated by Bank of Ghana in its Payments Systems Oversight-Annual Report 2017.   Meanwhile, the number of bank accounts slightly grew to 12.5 million from 11.7 million in 2016. This reflects that “Ghanaians...