Roxgold has released on Monday, the results of the feasibility study for the South Bagassi deposit at its Yaromoko gold project, in Burkina Faso. The deposit’s development should boost Yaramoko’s annual output by 40% or 40,000 ounces, bringing it to 150,000 ounces per annum. Moreover, the study stated that an investment of $29.6 million will be needed to start production at South...

The Federal Urban Job Creation and Food Security Agency revealed that it has created 119,931 jobs in the country, in the first quarter of the Ethiopian 2017/18 fiscal year started last July. With this performance the agency has thus achieved at 68.61% its job creation target for the period. Indeed, it initially aimed for 174,810 jobs. According to the entity, 44.6% of jobs created over the...

Two weeks ago, at the Riyadh Carlton Ritz, in Saudi Arabia, the country’s government regrouped many investment funds managers, as well as investors, many of whom have assets in Africa, to introduce them its sovereign fund. Named Public Investment Fund (PIF), the entity intends to be one of the most important worldwide, with an estimated projected commitment portfolio of $400 billion by...

Saudi energy developer Acwa Power plans, next year, to commission in Morocco four power plants having a combined capacity of 640MW, le 360.ma reports.  In details, the firm will deliver Noor II, a 200MW thermodynamic solar power plant, by the end of March 2018. There is also Noor III, with a capacity of 150MW, which will be delivered at the end of the year. The three PV power plants...

Over the first three quarters of 2017, DR Congo’s copper output has increased by 9.3%. The country has produced over the period 831,000 tons of the red ore, the Central Bank reported on Monday. In the meantime, cobalt’s production rose by 18% to 59,000 tons while gold’s increased by 5.7% to 23,000 kg. These increases should enable the Central African nation to cushion the negative...

During the 2017/18 season price to producers for a kg of cotton in Côte d’Ivoire, will be the same as the last season, thus CFA265. This decision by the government was spurred by global low prices of cotton. According to Reuters, citing Bruno Koné, spokesperson of the government, the State should turn toward a subsidy process to pay farmers. Côte d’Ivoire eyes this season, an output of...

The African Development Bank (AfDB) will grant Tunisia a loan of €122 million ($141.6 million) to back the second phase of its inclusive regional development support programme (PADRI-II), we learnt last Friday. The PADRI whose first phase had been financed by the Bank, aims to stimulate growth in 16 governorates through a socio-economic inclusion support, while also focusing on local...

On November 1, Guinea’s Prime Minister has authorized the Portuguese radio and TV channel, RTP and RDP, to restart their activities in the country. “I authorize, with immediate effect, the broadcasting of programmes on the RTP and RDP signals,” M. Lusa Umaro Sissoco Embaló (picture) declared during the last council of ministers.  The official explained that an agreement has been...

At the end of September 2017, also the end of the third quarter of the year, the number of internet users in Morocco reached 22,564,000 (+33.34%), out of a total of 44.25 million of telecoms services’ users. According to the country’s telecommunications regulatory body (ANRT) which disclosed the data, this puts internet’s penetration rate in the country at 64.74%.  The performance was...

Mubarak Al-Fadil Al-Mahdi (picture), Sudan’s minister of investments, has announced that power developer Scatec Solar might build in the country a 400MW solar plant. “We invited them to come to discuss a power-sharing agreement. We told them that we are not on for small projects. They said their initial start could be 400 MW,” Al-Fadil told Reuters during an interview. The project is...