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.