By poaching veterans from rice trading giant Phoenix Global, which was liquidated in 2020, and taking over its contractual positions, the firm's competitors Swiss Singapore, Olam and Ameropa are now ready, thanks to their vastly expanded African network, to face the current surge in food prices. [...]
The Djibouti budget for 2022, passed last December, contains several tax increases. The economy of the small port country has been hit hard by the combined consequences of Covid-19 and, in particular, the civil war in neighbouring Ethiopia. [...]
Short of ideas as to how to deal with the coup leader Abdel Fattah al-Burhan, at the start of this month the US State Department opened a dialogue with the resistance committees in Khartoum who are campaigning actively for an end to the military regime. [...]
Issad Rebrab's heirs, who now run the Cevital industrial empire, have set up an online marketplace on the back of their Uno hypermarkets. Their aim is to break free from their current partners, African giant Jumia and Algerian start-up Yassir. [...]
The Swiss commodities trader Vitol has become a trump card in British junior Savannah's game. In exchange for financial support for Savannah's purchase of ExxonMobil-Petronas's Doba assets, it should end up well placed to market the crude produced there. [...]
Perenco's negotiations for the takeover of three blocks in the Ivorian offshore have been dragging on for several months. Africa Intelligence reveals the reasons behind this stalemate. [...]
An agreement has been reached between the Tanzanian authorities and the Australian junior Evolution Energy Minerals (formerly Marvel Gold) to recover its exploration rights in the Chilalo graphite mining operation. [...]
Merafe Resources is looking to move into the platinum sector, globally dominated by South African producers. This move comes on the back of the company's joint venture with Glencore, Merafe Ferrochrome and Mining, which is the world's largest producer of ferrochrome, a mineral needed to make stainless steel. [...]
Closely coordinated with Russian diplomatic efforts, the African campaign of the Orthodox Patriarch of Moscow, Kirill, who has just created an exarchate dedicated to the continent, is moving from east to west. #Russia https://t.co/O2WGSItJYf
#Niger’s @MahamnOusmane has put together a team to help him take his legal battle to the @ecowas_cedeao Court of Justice to try to overturn the results of last year’s presidential election, which he claims he won. https://t.co/rRLd5WhiUv
#BurkinaFaso withdrew Patel’s permit for the #Inata mine because it deemed his firm, Balaji, had neither spent enough money on it. Patel is now pulling out all the stops to make sure the same thing doesn’t happen at his #Kalsaka #gold mine. #mining https://t.co/aZ3d4GBLDB
