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Spotlight | Guinea
Compagnie des Bauxites de Guinée revives refinery project

Compagnie des Bauxites de Guinée first planned to build an alumina refinery in 2004. The idea was dropped, but it is now back on the table, thanks to the firm's plans to boost production and its need to keep a growing range of competitors at bay.

Subscribers only Mining

Central Africa

Cameroon, Congo
Sundance sets out its grievances against Brazzaville and Yaoundé over Nabeba-Mbalam iron ore

As it considers whether to go to arbitration with Congo and Cameroon over the unilateral decision to rescind its iron ore mining permit for Nabeba-Mbalam, Australia's Sundance Resources is claiming that the two states breached a series of agreements and did not inform them in time of their intentions.

Subscribers only Mining

Gabon
In search of Vaalco's million-dollar decommissioning fund for Etame Marin

Gabonese authorities have asked oil companies to repatriate the money necessary for decommissioning their facilities. Some firms, namely Vaalco, have followed orders. Others have not.

Subscribers only Energy

West Africa

Nigeria
Questiaux (ex-Addax Petroleum) on quest to save Eland Oil & Gas

Eland Oil & Gas's top executives jumped ship when Nigeria's Seplat took it over, and the British junior now faces numerous setbacks on OML 40. An Addax veteran is on a damage limitation mission.

Subscribers only Energy

Ivory Coast
Bouygues inherits Pathé-Gaumont multiplex project in Abidjan

Pathé-Gaumont and Prosuma have ended up choosing Setao, a subsidiary of the French giant Bouygues, to take over the project to build the Abidjan multiplex that will boast six cinema studios and is due to open in late 2021.

Subscribers only

West Africa
Adovelande and Derreumaux help Finactu to design its strategy

Christian Adovelande, chairman of the West African Development Bank (BOAD).© Aliou Mbaye/Panapress/MaxPPP

Finactu, the financial advisory popular in French-speaking Africa, has brought in three African finance experts to hone its strategy. Two of these new "independent members" - former BOAD president Christian Adovelande and Bank of Africa founder Paul Derreumaux - know the consultancy well.

Subscribers only Finance

West Africa
G20 debt moratorium ushers in golden age for sovereign advisor

By making the extension of its moratorium on sovereign debt in October conditional on beneficiary countries treating all their lenders with parity, the G20 has opened up fresh opportunities for advisory banks and law firms.

Subscribers only Finance

Eastern Africa and the Horn

Africa
Leading wealth manager Maitland promotes offshore trusts in face of wobbly rand

Maitland's South African office.© Maitland Group

Amidst the uncertainties of the rand, many of South Africa's wealthiest are fearful for their assets, and the consultancy giant Maitland has been vaunting the offshore trusts that it can register for them in various financial hubs.

Free access Finance

Kenya
Kenyatta under pressure from Washington, London and Brussels to negotiate with Farmajo

President of Kenya Uhuru Kenyatta (right) with President of Somalia Mohamed Abdullahi Mohamed Farmajo in 2017.© Feisal Omar/Reuters

As Uhuru Kenyatta and his Somalian opposite number Mohamed Abdullahi Mohamed Farmajo position their armies on either side of their common border, American, British and European diplomats are trying to persuade the Kenyan head of state to engage in talks.

Subscribers only Diplomacy

Uganda
US Navy bolsters medical facilities of Ugandan forces in Jinja

Washington va contribuer à renforcer les infrastructures médicales et la formation du personnel de santé de l'Uganda People's Defence Force (UPDF), notamment sur l'installation d'hôpitaux de campagne.

Subscribers only Defence, Politics

Southern Africa and Islands

Madagascar
Rio Tinto connects up to CrossBoundary Energy's wind farms

Rio Tinto, which is one of the leading investors in Madagascar, will henceforward be getting its electricity from CrossBoundary Energy.

Subscribers only Energy, Mining

Eswatini
Royal clan jockeys for prime minister's job

Princess Sikhanyiso Dlamini, eldest daughter of King of Eswatini and Minister of Information.© Eswatini Ministry of ICT

Members of the royal family are jockeying for the job of prime minister afte the incumbent died in November.

Subscribers only

North Africa

Morocco
In Marrakesh, Karim Benabdelkader moves from Zynecoin virtual currency to bricks and mortar

Karim Benabdelkader, the founder of Zynecoin, is focusing his investments on a property company that is now owned by a brand-new holding company.

Subscribers only Finance

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