In the making since 2017, the new Algerian draft law on hydrocarbons was adopted on Sunday 13 October by the Council of Ministers. A legislative system that is more favourable to foreign interests and that does not go well with public opinion. The new text,
In open conflict with mining operators since it introduced a new tax to replace VAT in July, the Zambian government owes more than $200 million in arrears to mining companies. When questioned in Parliament on Thursday, October 10, on the issue of the state’s debts,
On 16 January 2020, Côte d’Ivoire will hold a round table of donors to finance the implementation of its new forestry policy. The announcement was made on Monday, October 7 by the Minister of Water and Forestry, Alain-Richard Donwahi, at a press conference in Abidjan.
Following a recent statement by the Libyan national oil company, which warned that the country’s production « could drop sharply over the next nine months if the government continues to block already approved budgets », the Libyan authorities confirmed on Saturday 5 October that they had allocated
After the launch in June of the gigantic Dolphin Tuna liquefied natural gas (LNG) project, led by the French Total, it is now the turn of the American Exxon Mobil to invest massively in the Mozambican gas sector. In a statement relayed on Sunday by
Under pressure from key members of the Organization of Petroleum Exporting Countries (OPEC), who had been urging it for months to reduce its crude oil production in accordance with the quotas set, Nigeria finally complied. The announcement, with immediate effect, was made on Tuesday, October
Reckya Madougou, special advisor to Togolese President Faure Gnassingbé and specialist in social economy issues: « On a continental scale, there is still a long way to go before the full potential of human resources can be optimized ».
A technocrat and politician of Beninese origin who held several ministerial portfolios (Justice, Youth and Women’s Employment, Microfinance, etc.) under President Boni Yayi before becoming special advisor to the Togolese President, Reckya Madougou is now one of the leading figures in the fight for financial
Canadian mining company Banro has temporarily suspended operations in eastern Democratic Republic of Congo for security reasons. The eastern part of the Democratic Republic of the Congo, which has been insecure for more than two decades, continues to be an area where it is dangerous
The majestic landscapes of Lake Kivu, on the border between Rwanda and the DRC, would almost make you forget that the tranquility of this region of the globe is only apparent: buried in the depths of the lake is a high concentration of dissolved methane,
Faced with overproduction and falling world prices, Kenyan sugar producer Mumias Sugar was placed in receivership on 24 March by KCB Bank, following the signing of a lender agreement in September 2010. Receivership, a traditional procedure under English law, is a form of guarantee enforcement
Tana Africa Capital, the private equity firm founded and co-financed by the South African family Oppenheimer and the Singaporean sovereign wealth fund Temasek, has acquired a stake in the red fruit subsidiary of Palmagri, the agro-industrial division of the Moroccan group Palmeraie Holding. Active in
Congo-B: the government sets up two new national agencies to promote agriculture, livestock and fisheries
Determined to accelerate the diversification of its economy, which is highly dependent on hydrocarbons (45% of GDP), the Congolese government adopted on 18 September two bills creating two new national agencies dedicated respectively to the development of agriculture and livestock, and fisheries and aquaculture. As
Following the entry into force of the first export contracts incorporating a « subsistence income differential (SIR) », the two national cocoa sector regulators announced on Wednesday 20 September their intention to cap production in parallel in order to support world prices. Many cocoa traders believe that
First mentioned in early July, at the technical meeting that brought together the Ivorian and Afghan authorities and cocoa sector industrialists, the « subsistence income differential » came into effect on the first export contracts of the 2020/21 season. When questioned by the Reuters news agency, several
Namdeb Holdings Limited, a diamond joint venture owned equally by the Namibian government and South African De Beers Group, announced the sale of its Elizabeth Bay mine to the Lewcor consortium. The transaction, worth 120 million Namibian dollars ($8.23 million), was announced on Thursday, September
Wishing to sell its 25% stake in the Marine XII oil block, located off the coast of the Republic of Congo, the British company New Age finally found a buyer with the Russian Lukoil, which thus gains a foothold in the Central African country. The
The American mining exploration company High Power Exploration (HPX), controlled by Canadian businessman Robert Friedland, has been in discussion with the Guinean authorities for several months and has reached an agreement with the West African country to resume mining of the Mount Nimba iron ore
On the sidelines of the African Green Revolution Forum, held in Accra from 3 to 6 September, Ghana’s Ministry of Food and Agriculture and the Cherifian Phosphate Office (OCP) signed a series of agreements, including on soil mapping and innovation in the agricultural sector. As
So far active in the logistics and distribution sectors, South African company Labat Africa has announced its first investment in the legalized cannabis sector. It is thus becoming one of the first listed firms on the continent to enter this booming segment. A small, trouble-free
Launched in November 2018, the Ghana Commodity Exchange (GCX) continues to expand. In a statement issued on Monday, September 2, the Ghana Commodity Exchange announced that it will list paddy rice by the end of the year, making it the third most traded agricultural commodity
After two and a half years at the head of the World Diamond Council (WDC), Congolese Marie-Chantal Kaninda joins the staff of the commodities trader Glencore in the Democratic Republic of Congo (DRC), where she will serve as Executive Director & Head of Corporate Affairs.
Hit hard by the fall in prices, the sugar manufacturer confirmed that it will soon cease its activities in South Africa and Kenya. With a price halved over the past three years, the fall in sugar prices continues to cause casualties in the sector. In
The Rwandan and Zimbabwean governments signed a Memorandum of Understanding on Tuesday 27 August on cooperation in the mining sector. Announced on Thursday by the Rwanda Mines, Petroleum and Gas Board (RMB), it was signed in Harare during the visit of a delegation of Rwandan
Determined for months to find a solution to better remunerate cocoa producers, the Ivorian authorities have, according to local media reports, concluded an agreement with traders and industrialists in the sector in order to obtain « 200 CFA francs of addition » on the guaranteed price of
The long-awaited export of the first barrels of oil stamped « Kenya » became a reality on Monday 26 August. Kenyan Head of State Uhuru Kenyatta, who was present at a ceremony in the port of Mombasa, displayed the national flag aboard the tanker carrying 200,000 barrels
In the wake of Wednesday’s announcement by the Dar Petroleum Operating Company (DPOC), the Ministry of Petroleum of Southern Sudan confirmed on Thursday that the country had made its first oil discovery since the declaration of its independence in 2011. According to information provided by
Hery Andriamiandra et Jacques Leroueil Very high, the current price of vanilla is doing business in Madagascar, the world’s leading producer. But behind the windfall effect, there are many negative consequences. Decryption. « One vanilla ice cream for every accompanied child », « Two scoops of vanilla ice
Congo-B: an NGO collective expresses doubts about the presumed importance of the new onshore deposit in the Delta de la Cuvette
Barely made public and already disputed: announced on August 10 by two local oil companies, SARPD OIL and PEPA, the discovery of the Delta de la Cuvette deposit is now being questioned by the Congolese section of the NGO coalition « Publish What You Pay » (PCQVP).