Mining company Roxgold produced in 2017, 126,990oz of gold, above the 115 000-125 000 ounces expected (previously announced last September) at its Yaramoko project, in Burkina Faso. In its annual report published this week, the company indicated that it has sold 126,555 ounces of gold for a cumulated amount of $159.4 million. It recorded a strong production with a cash balance...

Senegal’s national telecoms company (Sonatel) reduced, again, its mobile internet rates. The tariff cut which reaches 50% is in line with the second phase of its strategy to support the “Sénégal Numérique 2025” program initiated by the government to fast-track access to efficient and affordable internet. Last February, the company had cut internet cost by 25% during the first stage of...

Between February and December 2017, Nigeria has exported 220,000 tons of cashew nuts generating N144.7 billion of revenues, or $402 million. This was disclosed by Sotonye Anga, spokesman of Nigeria’s Cashew Association (NCAN). The figures are respectively up by 19% and 55% compared to the previous season. Nigerian cashew is mainly exported to Vietnam. South Eastern Asian countries...

During the present quarter, a special land tribunal will start operating in Madagascar, according to the website L’Express Mada. Disclosing the information, Hasimpierenena Rasolomampionona, Managing Director Land Services (DGSF), indicated that the entity’s institutionalization awaits only the implementation of the law related to land ownership and registration adopted by the Malagasy...

Saudi ACWA Power announced it has adopted SolarCoin, the blockchain-based digital currency. The firm thus becomes the first of its kind to joint this ecosystem. ACWA Power will now receive 1 SolarCoin for every 1 MW of solar it produces. “We are always looking for ways to adopt new technologies to add value and reduce cost in all that we do. Blockchain technology in our view offers a...

International tourist arrivals in Africa grew by 8% in 2017, according to preliminary data provided by the latest UNWTO's world tourism barometer. The continent consolidated its 2016 rebound with a record of 62 million international tourists in 2017. A performance that profited most North Africa where tourist arrivals rose by 13% compared to 2016. Meanwhile, arrivals in sub-Saharan Africa...

In Côte d’Ivoire, GDP growth at constant prices is expected to slightly decline at 6.9% in 2020. This, despite increasing volumes of foreign direct investments (FDI) and public investments. Meanwhile, inflation should rise slightly, to around 1.6% from 1.2%, presently. The forecast comes after IMF’s assessment subsequent to the second review of agreements (last October) reached with Côte...

In 2017, the ICT sector has generated CFA636.3 billion of revenues, thus 5.1% of Senegal’s GDP which is about CFA25,400 billion. This is the estimate given by the outlook and economic studies division (DPEE) of the Senegalese ministry of economy, finance and planning in its “2017 economic and financial situation and 2018 forecasts” report. In 2016,...

Advertising investments will increase by 3.6% throughout the world in 2018. This trend was revealed by Dentsu Aegis Network, a global group specialized in digital and creative media. According to the group’s experts, the spendings will reach $589.5 billion. These investments will be boosted by major events such as the Olympics games, FIFA world cup, and even the US general...

Jovena, subsidiary of the Axian group in Magadascar, has commissioned two power plants whose combined generation capacity is estimated at 76 MW. In details, the capacity of these two plants named Noor 1 and Noor 2 is 48 MW and 28 MW respectively. Their construction cost $80 million and thanks to them, 35,000 households will have access to electricity. 450 people were employed during the...