Perseus Mining announced yesterday April 2 that it began commercial production at its Sissingué gold mine in Côte d’Ivoire where first gold bullion was produced in January 2018. “Achieving commercial production at our Sissingué gold mine is a milestone for Perseus as we now have a second high quality cash flow that significantly reduces our reliance on our Edikan mine in Ghana for cash...

Egyptian government preselected 100 local companies to participate in the construction of  Dabaa Nuclear Power Plant (6,000 MW) which will be implemented by Russian company Rosatom. According to Daily News Egypt, the list includes companies, active in electricity, consultancy and construction that have relevant experience in government-led electricity projects. Arab...

The Burkinabe group Coris Bank International, announced that in 2017, its after-tax earnings was CFA19.57 billion (about $31.31 million) an increase  from the CFA19.38 billion in 2016. The bank also confirmss that its balance sheet increased from CFA884.99 billion in 2016 to CFA1132.01 billion on December 31, 2017. During the period under review, customer deposits amounted to...

Last March 30, Côte d’Ivoire’s Coffee-Cocoa Council (CCC) launched a scheme to reduce coffee stocks accumulated during the current season (2017-18) due to dysfunction in the marketing system. This mechanism initiated by the government will be implemented by SIFCA-COOP, a subsidiary of CCC which purchases coffee and, according to a statement from the regulator, it should “help exhaust the...

Last March 29, World Bank Group and Global Partnership for Education (GPE) approved a $100 million financing to support Madagascar to implement reforms in its Sectoral Education Plan 2018-22. This financial aid, out of which $55 million is provided by World Bank’s International Development Association (IDA) and $45.7 million from GPE is the highest ever granted to...

In 2017, Morocco’s external public debt increased to MAD332.35 billion ($36.1 billion), from MAD321.46 billion ($33.97 billion) in 2016. This information relayed by Xinhua, was announced last week by the country’s Directorate of treasury and external finance (DTFE). On a year-on-year basis, this figure represents an increase by 6.36%, revealing that external public debt...

In a joint statement published yesterday March 29, the international mining companies operating in DR Congo announced that a formal proposal outlining the recommended changes to “improve the efficiency” of the new mining code has been submitted to the mines Ministry. The companies said that their proposal would meet both Congolese government's expectations to increase mineral resource...

The Ivorian government decided to maintain the cocoa farm gate price at CFA700 for the 2017-18 mid-crop which will begin April 1. This was disclosed at the end of the ministers’ council held last March 28. According to latest forecasts from Coffee-Cocoa Council (CCC), the light crop should end in September with 400, 000 tons produced, down 23% compared to last year, due to insufficient rain...

Since the beginning of this year, Nigeria has just been sending about 60 million cubic foot of gas daily to Ghana via the West Africa Gas Pipeline Company Limited (WAPCo). This is less than half of the contractual volume agreed upon during the commissioning of this infrastructure in 2011 in Nigeria. Indeed, the contractual volume was 123 million cubic foot daily and it should help generate...

Africa accounted for just 4% of global advertising, public relations and related services market share in 2017. This is indicated in the 2018 Global Market Report on Advertising, Public Relations and Related Services, published by Research and Markets. According to the report, North America had the largest share and accounted for 32% of market share in 2017 ahead of Asia Pacific with about...