Teranga Gold announced last May 7, it has received $70 million under the $200 million agreement signed in March 2018 with Taurus Funds to advance projects in Burkina Faso. The resource is part of the first tranche worth $165 million which was to be used to develop the Wahgnion Gold Project and repay all of the Company’s debt totaling $15 million. The company also...

The Angolan government plans to set a food reserve before the year 2019. The information was disclosed by Joffre Van-Dúnem Júnior (photo), the trade minister who stressed that the decision has already been approved by the economic committee of the council of ministers. According to him, this stock will enable the government to intervene in the domestic market to keep prices in balance and...

Cape Verde’s government plans to privatize the national power and water company Electra by 2020. This was announced last May 2 by Olavo Correia (photo), deputy Prime Minister and Finance Minister. “The process of privatizing Electra will be studied, decided and implemented by 2020,” he said after a visit to Electra's premises in Gambôa and Palmarejo, on Santiago Island, the...

African Development Bank (AfDB) and Morocco’s Banque Centrale Populaire (BPC) signed yesterday May 8 a financing agreement worth $100 million to promote intra-African trade. According to information relayed by Xinhua, the agreement should make it possible to boost trade relations between Morocco-based companies and others within the continent. It will support projects in...

The Independent Communications Authority of South Africa (ICASA) will conduct a survey in May on the state of the local pay-TV market. This prompted the leading operator MultiChoice to alert the regulator against a number of mistakes that could occur. Calvo Mawela, CEO of MultiChoice's South African subsidiary, told MyBroadband that ICASA should avoid over-regulating the pay-TV...

Jean-François Vallet, European Union (EU)’s ambassador to Côte d’Ivoire, stated on the sidelines of the EU-Côte d’Ivoire cooperation days (from May 8 to 9, 2018), that the institution will support the country’s land tenure strategy. In fact, land conflicts are growing within the country, affecting land security. “By getting involved in this issue, EU's objective is to...

The expensive electricity costs in Kenya could slow the achievement of universal access to energy, World Bank indicates. “Affordability is potentially an issue not only for countries working toward universal access but also for countries that have already achieved it. Estimates suggest that in countries working toward universal access, affordability affects 57% of those who already have...

The African Development Bank (AfDB) announced yesterday May 7, it signed two agreements to finance agricultural companies in Ethiopia through the Agriculture Fast Track Fund. Co-financed by the USA, Denmark and Sweden, this fund (estimated at $23 million) covers design costs of bankable agricultural projects. The companies selected for this financing include Zebad General Export Import...

Black Rock Mining announced yesterday May 7, it has produced at its pilot plant in Canada, the world first graphite concentrate with a purity of over 99%, from ore extracted from its Mahenge mine in Tanzania. “We are not aware of any deposit that is capable of producing 99.3% grade concentrate by standard flotation alone,” the CEO John de Vries said. While he pointed out other...

Côte d’Ivoire will benefit from $154 million provided by the USA to combat AIDS, a statement from the US embassy to the country indicated yesterday May 7.  According to the information relayed by Xinhua, this financing which will be disbursed from next October to September 2019, should help reduce the country’s prevalent rate which is 2.7%. US authorities said that once...