Mozambique’s government signed with Great Lakes Africa Energy (GLAE) an agreement whereby GLAE will construct a 250 MW gas-powered plant in the country’s Northern region. The facility estimated at $400 million will run under domestic natural gas. According to the agreed terms, the company will develop, finance, build, and operate the infrastructure. “Mozambique has considerable...

Last May 18, Uganda launched a tender for the construction and operation of a new 95 km highway linking the capital Kampala with the eastern city of Jinja. The project is designed to reduce congestion on the existing aging road. In its tender notice, the Uganda National Road Authority (UNRA) specified that the selected private concessionaire should “design, build, finance,...

Madagascar’s vanilla quality is expected to decline further during the 2018 season. This is forecasted by Aust & Hachmann Canada, one of the world's leading vanilla traders, in its vanilla market update published last May 18. According to the company, vacuum packing and early harvest of green vanilla have degraded quality during last season and will persist in 2018. That will further decline...

LSE-listed Gem Diamonds announced today May 22 ,it has recovered a new 115 carat diamond at its Letšeng in Lesotho. This top white type IIa stone is the ninth of more than 100 carats recovered in 2018, exceeding the total number recorded in 2017. Among the 100 carat diamonds discovered this year in Letšeng, the largest one remains the 910 carat stone recovered in January. This stone which is...

Last, week, Mkango Resources announced, it has concluded with Talaxis Ltd, subsidiary of Noble Group, a definitive agreement whereby Talaxis will acquire 75% interest in Songwe Hill Rare Earths project in Malawi. This transaction was previously announced on November 2017 while its completion was subject to a number of conditions. Mkango revealed in a statement that Talaxis invested £5...

In Malawi, corn output dropped to 2.8 million tons during the 2017-18 season, which represents a decrease by 20% from the 3.5 million tons recorded last season. According to Joseph Mwanamvekha, the agriculture minister, this poor performance is due to dry spell in some regions and armyworm attacks. Back in October 2017, pests had already damaged about 35, 870 hectares. This represents half of...

ASKY, The Pan African Airline, is pleased to announce the start of daily flights between LOME, ABIDJAN, ACCRA and LAGOS from June 15, 2018 according to the schedule below in UTC: Schedule for LOMÉ-ABIDJAN-ACCRA v.v Days Origin Departure Arrival Destination Daily LFW 1320 1435 ABJ Daily ABJ 1515 1620 ACC Schedule for ACCRA -ABIDJAN- LOMÉ v.v ...

As part of its fight against counterfeit mobile phones and devices, Communications Authority of Kenya (CAK) has adopted new control measures. Indeed, import and distribution of mobile phones is now only allowed to approved companies. However, aware that these companies can also distribute counterfeit mobile devices, the telecoms regulator has taken other preventive measures. Therefore, CAK has...

Batirai Manhando, Zimbabwean head of Chamber of mines, announced last May 18, that the country needs $11 billion to upgrade mines and boost production to optimal level over the next five years. This was during an annual meeting of the association, Reuters reports. Through various reforms initiated by the Head of State, Zimbabwe increased its attractiveness to foreign investors but...

By early May, Cocobod’s cocoa purchases from approved trading companies reached 700, 000 tons, for the 2017/2018 season. This volume which is a 50, 000 tons increase from previous month, could peak at 800,000 tons by the close of the main season at the end of this month, sources told Reuters. However, these good figures contrast with concerns about production level raised...