Barrick Gold, Mali to resume mine dispute talks Tuesday

Barrick’s shares closed at C$23 on Monday, down 0.2% on the Toronto Stock Exchange

Tanzania summit unites leaders to tackle energy access for 300M

African leaders gathered in Dar es Salaam, Tanzania, for the Mission 300 Africa Energy Summit, focusing on unlocking the continent’s energy potential and expanding electricity access to 300 million people by 2030.

China halts livestock product imports over disease concerns

The prohibition, which extends to both processed and unprocessed products, follows disease outbreak alerts issued by the World Health Organization

Drought threatens Ivory Coast’s cocoa production

Ivory Coast, the world’s top cocoa producer, is expecting a dire mid-crop harvest this season due to severe drought conditions.

Morocco to build $420M, 990MW gas power plant in the North

As of 2024, Morocco’s total installed energy production capacity stood at 11,918 MW, with coal remaining the dominant source

Botswana close to finalizing diamond deal with De Beers

Botswana, the world’s leading diamond producer by value, reached an initial agreement with De Beers in 2023, but the deal was never officially signed

Telecom companies secure tariff hike in Nigeria

The Nigerian government has approved a 50% increase in mobile phone tariffs, despite concerns about the impact on consumers already facing high inflation.

Tax dispute grounds Somali Airlines, stranding passengers

Nearly 200 passengers were stranded at Nairobi airport after Somali airlines suspended flights due to a dispute with the Somali government over a recently increased tax.

Mozambique LNG project restart hinges on security improvements

TotalEnergies has confirmed its Mozambique gas project will resume when peace and security are restored in the Cabo Delgado region, following a jihadist attack in 2021.

Zambia’s copper production surges in 2024

Zambia’s copper production witnessed a 12% increase in 2024, reaching roughly 820,670 metric tons, driven by improved performance at key mines.

Rand dips against the dollar following Trump’s inauguration

Meanwhile, the U.S. dollar (USD=) was up by approximately 0.2% against a basket of global currencies

Moses Madondo named CEO of South African coal miner Thungela

Madondo will succeed July Ndlovu, who is retiring.

Biden administration approves nearly $1B loan for Nevada lithium mine

Shares of ioneer surged 15% to $4.96 in Friday’s trading session following the announcement

Natural gas shortages hit Tunisia amid cold snap

Tunisian remote areas are facing significant natural gas shortages due to shipping delays, exacerbated by unusually cold weather, leaving people without gas for heating and cooking.

Mozambique counts on LNG projects for economic transformation

Mozambique’s president stated that the terms of planned LNG projects with TotalEnergies and ExxonMobil will not be reviewed as the contracts are new and not yet operational.

Oil theft drops sharply in Nigeria boosting reserves and production

Nigeria’s oil reserves have increased slightly, and crude oil production has surged by 26% in 2024, driven by a decline in oil theft.

UAE expands trade ties with Kenya, partners

The United Arab Emirates has signed comprehensive economic partnership agreements with Malaysia, Kenya, and New Zealand.

Ivorian cocoa production at risk due to lack of rain

Cocoa farmers in Ivory Coast are concerned that the ongoing drought could significantly impact the upcoming mid-crop harvest.

Mali seizes gold stock at Barrick mine amid contract dispute

Mali has started seizing gold stocks at Barrick Gold’s Loulo-Gounkoto site, escalating tensions over mining contracts and the country’s demand for a bigger share of mining revenues.

Standard Chartered appeals Zambia’s SEC enforcement decision

Zambia’s SEC has sanctioned Standard Chartered for mis-selling Chinese property bonds to local clients, leading to an appeal by the bank.

Ethiopia revives securities trading in push for economy

Ethiopia has launched its first securities exchange in decades, aiming to attract private investment and liberalize its economy under Prime Minister Abiy Ahmed’s reforms.

Morocco sets new tourism record with 17 million visitors

Morocco welcomed a record-breaking 17 million tourists in 2024, a 20% increase from the previous year, driven by investments in tourism infrastructure and increased air connectivity.

Inflation slowdown in Egypt amid economic woes

Egypt’s annual inflation rate slowed to a two-year low of 23.4% in December, according to the state statistics agency.

Gemfields urges Zambia to reverse 15% emerald export tax

The coloured gemstone producer Gemfields is asking Zambia to reverse the 15% emerald export tax, fearing it may undermine the stability and future prospects of the country’s emerald industry.

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