Author: Albert Savana

The ultra-high-grade Kipushi Mine, with an average grade of 36.4% zinc in the first five years of production, will be returned to commercial production under a new agreement signed by Kipushi Holding, a 100% subsidiary of Ivanhoe Mines, and Gécamines, the Société Générale des Carrières et des Mines de la RDC. Both parties made the...

The Egyptian economy recorded a growth of 9% in the first half of the financial year 2021/22, after achievements of 9.8% and 8.3% respectively in the first and second quarters of the period under review. Announcement made by Prime Minister Mostafa Madbouly who was facing the press on Wednesday February 16 in Cairo. At this...

The turnover of the Société Tunisienne d’Email (SOTEMAIL), which specializes in the production and marketing of ceramic tiles and porcelain stoneware for floor and wall coverings, recorded an increase of 31% at the end of the financial year 2021 compared to that of 2020, announced the managers of this company based in Monastir (162 km...

Suspicious death, on the run and in custody. Here is the big Guinean thriller that keeps the Pandoras of Scotland Yard awake. The man who led the Central Bank of the Republic of Guinea (BCRG) for more than ten years (from 2010 to 2021) under Alpha Condé, is plunged into turmoil against the backdrop of...

CDC Group, the UK’s development finance institution, announced on February 14, 2022 its base commitment of USD 30 million as part of Axian Telecom’s inaugural 5-year USD 420 million public bond issue to support the extension of its network in Africa. “Affordable mobile and data services are a vital component of any economy and investments...

The president of Pepsi, Ravi Jaipuria, announced on February 12, 2022 in Kinshasa, the start of the group’s investments in the DRC with the kick-off, next April, of the construction site of a factory in the Congolese capital and a another in Lubumbashi (Haut-Katanga) to initiate the local manufacture of drinks and the entire range...

Visiting Dakar (Senegal) on Thursday, February 10, the President of the European Commission, Ursula Von der Leyen, announced a regional plan of 150 billion euros of investment in Africa, as part of her new investment strategy. called “Global Gateway”. A program that aims to mobilize funds to the tune of 300 billion euros for public...

The lending interest rates applied by the banks of the West African Economic and Monetary Union (UEMOA) to their customers recorded a slight decline of .01 percentage point during the month of December 2021 compared to the previous month, according to the results of the survey on banking conditions carried out by the Central Bank...

Ghana’s foreign exchange reserves stood at USD 9.7 billion in December 2021, compared to USD 8.6 billion at the end of 2020. This is according to a statement from the Central Bank of Ghana, published at the end of January. With this level, the reserves of the second economy of the Economic Community of West...

The prices of the main raw materials exported by the member countries of the West African Economic and Monetary Union (UEMOA) experienced mixed trends at the end of December 2021, according to data from the Central Bank of West African States. West (BCEAO) based in Dakar. According to the services of this issuing institute, it...

Benin’s Council of Ministers approved, on February 2, 2022, new so-called short-term measures intended to combat inflation in the country. Inflation that touches the heights. “Despite the good performance of our agriculture, which shows production levels of up to 180% of needs for certain products, since the second half of 2020, there has been an...

The 18 African billionaires in dollars come from 7 English-speaking countries with the exception of two Moroccans and one Algerian. More than the language effect, it is rather the demographic and technological lever added to the depth of the capital market that make Nigerians, Egyptians and South Africans dominate this Forbes ranking, which must be...

The Conference of Heads of State and Government of the Economic Community of West African States (ECOWAS) which met this Thursday, February 3 in Accra, Ghana in an extraordinary session on the political situations in Mali, Guinea and Burkina Faso, under the presidency of Nana Akufo-Addo, has decided to maintain pressure on the military in...

The Fund for the Development of Exports in Africa (Feda), a subsidiary of Afreximbank, wants to encourage industries to reduce CO2 emissions by using Liquefied Natural Gas (LNG) in the West African region. He announced, this Thursday, February 3, that he had invested in Ecow-Gas, an LNG distribution infrastructure platform to promote this material. “We...

The Casablanca Stock Exchange closed in the green on Thursday, the MASI having slightly increased by 0.06% to 13,913.39 points (pts). The MSI 20, an index comprising the 20 most liquid stocks, and the Casablanca ESG 10, a thematic index which calculates the performance of the prices of socially responsible companies, strengthened by 0.17% respectively,...

The CEO of the largest pan-African banking group, Ade Ayeyemi, can show a smile. [1 dollar USD = 580.5 CFA Franc XOF]. The consolidated net profit of Ecobank Transcontinental Incorporated (ETI), the parent company of the Ecobank banking group, increased sharply by 281% at the end of the 2021 financial year compared to the same...

It’s a first. Shaken by China’s Tiktok and Apple’s changing privacy rules, Facebook lost users for the first time in its history, 18 years after its launch, and Meta’s pessimistic forecast for the current quarter disappointed investors. The least valued GAFAM company (MAGMA since its name change) recorded a drop of 1 million daily users on its four platforms (Facebook, Instagram, Messenger and WhatsApp) to 2.8 billion in the fourth quarter of 2021. The number of these users is stagnating in America and Europe and declining in Latin America, Africa and other territories. These declines have shaken the balance sheet…

Globacom Limited, a Nigerian multinational operating in the telecommunications sector, announced earlier this week that it had entered into a partnership agreement with the Israeli company Ceragon Networks, a network equipment supplier. This agreement aims to offer the Nigerian telephone operator an extension of its network, but also to have state-of-the-art technology. In its statement,...

The Ivorian Banking Company (SIB) opened its third “Business Center”, a self-service space dedicated to businesses on February 1, 2022 in Abidjan. Through this establishment, the subsidiary of the Moroccan group Attijariwafa Bank intends to strengthen its support for the development of local businesses. The SIB Business Centers bring together in the same space all...

After five years of activity in the interim market, Action Ivoire Intérim (A2I) Outsourcing presented on February 1, 2022, the results of the 2017-2022 financial year and unveiled some tracks of its Strategic Development Plan (2022- 2026). According to the managers of the pan-African outsourcing company, specializing in human resources and Facility Management, this first...

The inflation rate fell from 4.9% in November to 6% in December 2021 in the countries of the West African Economic and Monetary Union, according to data published this week by the Central Bank of African States. West (BCEAO). This is its highest level since the start of the year. The data indicate that in...

The Bank of Central African States (BEAC) with the assistance of the World Bank (WB) is looking for consultants for project management assistance for the development of a tool for empowering macroprudential stress tests in the Economic and Monetary Community of Central Africa (CEMAC). This initiative is in line with the 2017-2020 Strategic Plan aimed...

Super gasoline goes from 615 to 635 FCFA / liter from February 1 to 28, 2022, i.e. 20 FCFA increase, reported on Monday January 31 a note from the General Directorate of Hydrocarbons consulted. As far as the price of diesel is concerned, it has not undergone any modification. It remains unchanged at 615 FCFA...

In the Democratic Republic of Congo, President Félix Tshisekedi kicked off construction work on the deep-water port of Banana in Kongo Central (north-west of the country), this Monday, January 31, 2022 in Moanda. According to the authorities, the platform will increase the volume of international trade and thus enable the country to respond to the...

The French ambassador to Mali, Joëlle Meyer, was summoned this Monday, January 31 by the Minister of Foreign Affairs and International Cooperation of Mali who notified him of the decision of the government which invites him to leave the territory within a period of 72 hours. The announcement was made in a press release signed...

The consolidated turnover of the Tunisian group ENNAKL Automobiles operating in the automotive sector (concession, rental and sale of automotive spare parts), recorded an increase of 20.05% as of December 31, 2021 compared to the same period. of 2020, announced the leaders of the group. This turnover amounted to 538.281 million dinars against 448.396 million...

The President of the African Development Bank (AfDB), Akinwumi Adesina, signed three financing agreements on January 27, 2022 with Amadou Hott, the Minister of Economy, Planning and Cooperation of Senegal before a parterre of partners and economic operators in Dakar. These cooperation and investment agreements are aimed at supporting economic recovery, accelerating industrialization and job...

The State of Niger, through its General Directorate of Treasury and Public Accounts, raised on January 27, 2022 an amount of 33 billion FCFA (49.5 million euros) at the end of its issue of similar bonds of the Treasury (OAT) with a maturity of 3 years on the financial market of the West African Monetary...

In the Democratic Republic of the Congo, the government increased the prices of petroleum products for the western zone, including the city of Kinshasa, following changes in the parameters of the price structure of these products, in this case the rate of exchange rate (the exchange rate for the US dollar is 2.005 FC on...

The prices of products imported by Senegal rose by 3.2% in November 2021 compared to the previous month, according to data from the National Agency for Statistics and Demography (ANSD) based in Dakar. This structure emphasizes in its note on the monthly indices of foreign trade prices that “this increase is mainly the result of...