The election is just months away and Zambia's $12bn debt, its relations with China and its violent clashes with its historic copper partners weigh heavily on Edgar Lungu's tenure. To preen his image, his teams are busy working on the country's gold resources to generate revenue and jobs. [...]
Having acquired Semafo and merged with Teranga, the gold producer Endeavour Mining, partly owned by the Egyptian magnate Naguib Sawiris, is in the process of of selling off three sites in Mali, Ivory Coast and Burkina Faso. Africa Intelligence has the lowdown on the potential buyers and the asking prices. [...]
The head of the powerful coffee and cacao board Yves Brahima Koné has blocked over 1,200 cargos handled by Cargill, Olam and Barry Callebaut as a squabble over this season's cocoa price drags on. [...]
The freeze-out of Alex-Bernard Bongo, the president's half-brother who has run Gabon's digital infrastructure for the past ten years, is the sign of greater changes to come in the management of the country's networks. [...]
The Algerian head of state Abdelmadjid Tebboune is planning to reshuffle his government and shake up the political calendar in a bid to get back in the saddle after more than a month in a German hospital. [...]
The contract to build the Damerjog oil refinery in Djibouti, destined to receive crude from South Sudan, has been given to a mystery company which has no experience whatsoever in this type of project. [...]
Australia's MRG Metals, which already holds a permit to prospect for heavy mineral sands at the mouth of the River Limpopo in between two industry giants, China's Dingsheng and its compatriot Rio Tinto, recently secured further prospecting licences in the hope of attracting investors. [...]
The Caisse de dépôt et de gestion (CDG), the body that manages state employee pension funds, is shaking up its hotel portfolio, which has been hit hard by falling revenues on account of the #Covid19 pandemic. #Morocco https://t.co/ZlaDe4CUPO
The #Guinea government has decided to review all existing mining contracts in the country to detect - and flush out - any tax exemption inconsistences. Its previous review had cost Beny #Steinmetz's group its rights to the Simandou iron ore mine. https://t.co/nofymGuF2J
Embroiled in a fierce dispute with #Angola in the American courts, Aenergy submitted documentation which it claims proves that Luanda expropriated its turbines for use in power stations run by companies belonging to the state. https://t.co/Sg05yVSenl
