The International Solar Alliance (ISA) was officially launched yesterday March 11, in New Delhi, India. Initiated since 2015, the alliance aims to ease the implementation, by 2030, of additional solar plants estimated at 1, 000 GW, five times the current global capacity.  To this end, the project initiators such as US and China will mobilize $1, 000 billion by the same period. They...

Egypt intends to issue new bonds on the financial market via four Europe-based banks, Bloomberg indicated today March 12. According to information from Egyptian authorities, the banks selected to manage this issuance include BNP Paribas, Deutsche Bank, Standard Chartered and Intesa Sanpaolo. This operation to raise between €1 billion and €1.15 billion should be...

Burkina Faso’s president, Roch Marc Christian Kaboré (photo), announced during the celebration of the International Women's Day in Ouagadougou that a quarter of developed land will be granted to women. Le pays reports. Speaking during a forum on “Women’s participation in governance: situational analysis, challenges and prospects”, the president appeased his female...

Sarama Resources, a company active in Burkina Faso’s gold sector, has just announced a C$4 million fundraising through the private placement of 40 million common shares worth C$0.1 each. Originally, the company aimed for C$3 million, however, in view of the shareholders and new investors’ interests in the campaign, Sarama Resources increased the value to C$4 million. With this fund, Sarama...

Last weekend, Platinum Group Metals Ltd. announced that its joint venture partner JOGMEC had signed a MoU with the Japanese trading company Hanwa. Through this memorandum, JOGMEC transfers 9.755% of its 21.95% shares to Hanwa.   In the days to come, both companies will conclude the transfer agreement. Once it is done, Hanwa which is a Tokyo-based leading global trading company, can buy...

In sub-Saharan Africa, the overall amount of mobile money transactions reached $19.9 billion in 2017, up by 14.4% from the volume of transactions in 2016. This is revealed in a report from the World Association of Mobile Operators (GSMA). However, the report titled “State of the Industry Report on Mobile Money”, indicated that this figure conceals large disparities between sub-regions....

Mali expects to produce 3.14 million tons of rice during the 2018-19 season, an increase by over 7.5% compared to the previous season’s figure (2.92 million tons). This was revealed by the minister of rural development. According to Commodafrica which reports the information, this growth is due to an increase in the output rather than the expansion of cultivable lands. It will also be spurred...

The prices of cocoa shipped from Côte d’Ivoire and Ghana have significantly increased on the European physical market, amid growing concerns about the West African region’s commodities supply. According to Reuters, the premium for Ghanaian bean reached 200 pounds per ton while the Ivorian one was 85 pounds. According to some sources, many traders scramble for beans on the market as the...

The Senegalese government will invest CFA30 billion in a program to foster youths and women entrepreneurship and employment, through a better access to land for women. This was stated by the President Macky Sall (photo), speaking yesterday March 08 on the sidelines of the international women’s day. “We will launch a CFA30 billion program at the end of March, with the objective to...

Botswana paid $45 million to the Russian company Norilsk Nickel to settle a disagreement concerning the cancellation of Nkomati mine transaction by the state-owned company BCL.  The information was confirmed today March 9, to Reuters, by the country’s mines minister Sadique Kebonang (photo), who said that the payment was approved by a presidential directive...