The European bank for reconstruction and development (BERD) plans to expand its operations to sub-Saharan Africa and new countries in the Middle East. The information was relayed last April 13 by Reuters which mentioned the institution’s president, Suma Chakrabarti (photo). “The debate is starting with our shareholders: Would you like us, gradually, incrementally to go to a...

A panel discussion on land management and land conflict’s legal settlement initiated by the court of appeal of Thiès was held in the region (Western Senegal); Le Soleil, reports. According to Thierno Demba Sow, president of Thiés court of appeal, there would be no development for the country if they do not address land issues. The official specified that local elected...

In Nigeria, the operators of cocoa sector forecast a 15% increase in production during the 2017/2018 mid-crop, which begins by April / May. According to Savina Riman, head of Cocoa Association of Nigeria (CAN), adequate sunshine and good rainfall will help harvest 290,000 tons of cocoa. This contrasts with the 40% decline a year earlier, due to drought. Regarding the main season, the official...

Golden Star Resources announced late last week that it has more than doubled the inferred mineral resource estimate of its underground gold project in Wassa, in Ghana. According to the new assessment, the mine would host 44.9 million tons of inferred resources, grading 3.6 g/t gold. It would contain 5.2 million ounces of gold, 147% more than previously estimated. “By more than doubling the...

In Tunisia, olive oil production will reach a new record during the 2017-18 season. Indeed, the national oil office (ONH) indicated that the oilseed’s volume is expected to be 280, 000 tons during the period under review, well beyond the 5-year average of 190, 000 tons and the International Olive Oil Council's initial estimates of 220, 000 tons. Meanwhile, shipments should pursue the momentum...

Nzuri Copper published today April 16, an optimized feasibility study that improved economic estimates for its Kalongwe copper/cobalt project in DR Congo. Although the required initial investment remains at $53.12 million compared with the previous estimates, the post-tax net present value increased to $130 million. As well, the internal profitability rate increased to...

The Egyptian government plans to mobilize EGP58.52 billion ($3.3 billion) as tax revenues on tobacco, during the 2018-19 fiscal year which begins next July. According to Reuters which revealed the information, this new targeted revenue represents an increase by EGP7 billion ($402 million) on a year-on-year basis. Let’s note that Egypt which started the ongoing fiscal year (2017-18)...

National Microfinance Bank (NMB), Tanzania’s largest banking group by market capitalization, whose first shareholder (39.4% of share) is the Dutch financial group Rabobank is ready to participate in the consolidation of the country’s banking sector, so eagerly awaited by experts. “Tanzania's banking sector, hit by bad loans and low lending, would be healthier if smaller...

The Burkinabe government plans to increase its electrification rate to 45% from the current 20%, by 2020. This was announced by Paul Kaba Thiéba (photo), the Prime Minister during a parliamentary audience. According to the official, the national energy strategy is based on three main objectives. The government plans to bridge the 50 MW electricity deficit in the national grid, an...

International donors will gather today April 13 in Geneva in the framework of the conference on the humanitarian crisis that hits DR Congo. Indeed, while talks are expected to accelerate the process to mobilize about $1.7 billion as financial aid for the country, the latter decided to decline the meeting. As reasons to this decline, Kinshasa refutes the balance sheet of the humanitarian...