Unicorn Capital Partners, active on Nkomati anthracite mine in South Africa, announced its target to meet 40% of the country’s anthracite needs over the next 3-5 years. The mine, 50.3%-owned by the company, hosts a total mineral resource of 8.7 million tons. “Until fairly recently it was generally viewed that South Africa has limited commercially viable...

The West African Development Bank (BOAD) approved a $72 million financing to Burkina Faso for the implementation of development projects. Xinhua announced last week-end quoting official sources. The amount will be steered towards water and local development projects under the National Economic and Social Development Plan (PNDES) initiated by the government. $18 million will thus be...

Burundi Coffee Farmers’ Confederation (CNAC) forecasts a 17,000 tons coffee output for the 2018 season, reflecting an increase by 2,000 tons compared to last year. According to information relayed by Bloomberg, this increase is owing to good rainfall and higher use of fertilizers. Joseph Ntirabampa, CNAC’s head, said that, during the season which began in March, growers will earn...

Tunisia’s cereal output in 2018-19 is expected to stand at 1.4 million, down 200,000 from last campaign. The agriculture minister announced yesterday June 3, specifying that this underperformance stemmed from low rainfall. The envisaged output is set to include 923,000 tons of durum, 119,000 tons of common wheat and 362,000 tons of barley. To achieve self-sufficiency, the government aims, in...

Triton Minerals' Board has approved the development of its Ancuabe graphite project (Mozambique) which is expected to cost $99.4 million, according to the feasibility study. The company indicates today June 1 that, subject to final approvals and financing, construction is expected to begin in the second half of 2018, with first production in the second half of 2019. Initial work has begun...

In Uganda, insurer Jubilee Holdings will inject an additional $44 million into the Bujagali hydro plant as part of its diversification in the East African region. This new investment follows a $54.2 million previously pumped in the project two years ago, in exchange for shares. "We continue to search for high quality conservative investments that offer consistent and competitive...

In Morocco, export revenues generated by the textiles and clothing sector reached MAD35.5 billion in 2017 ($3.7 billion), an improvement of nearly 4% compared to 2016 (MAD34.2 billion). The Moroccan Association of Textile and Clothing Industries (AMITH) revealed. According to just-style, the main destination remains the European continent and main importing countries are Spain (MAD19.4 billion),...

Tharisa Minerals plans to join Karo Resources in a $4.2 billion platinum project in Zimbabwe, Bloomberg reports. Both companies owned by the Pouroulis family will thus operate the platinum mine located in Mhondoro-Ngezi, west of the capital Harare. According to Phoevos Pouroulis (photo), CEO of Tharisa and son of Karo Resources founder Loucas Pouroulis, “The investment, initially...

Last May 31, a report issued by the United Nations Conference on Trade and Development (UNCTAD) on the economic and social impact of migration flows on Africa, revealed that intra-African migration flows are higher than international migration from Africa Entitled “Migration for structural transformation”, the study showed that out of the 36 million Africans who left their countries in 2017,...

Last May 23, the Burundian Council of Ministers validated the establishment of a national steering committee for a new national reforestation project called "Ewe Burundi urambaye" ("Burundi well dressed"). According to information relayed by Xinhua.net, authorities are concerned about the progress of deforestation related to an “excessive population growth, abusive land clearing and...