All the latest Economy news: updates, analysis, videos and live results.
Namibia plans to increase the share of its locally processed mineral exports from 46.6% to 57% by 2030. However, tin remains outside this strategy, while Andrada Mining continues to send the output from its Uis mine to a smelter based in Thailand. Namibia is looking to enhance the added value generated by its mining sector, […]
Created by the Guinean state to take over a bauxite concession, Nimba Mining Company is diversifying into gold. Its subsidiary Nimba Mining Gold has formed a partnership with the Australian group Resolute Mining, already active in gold mining in Africa. In Guinea, the public company Nimba Mining Company (NMC) is looking to develop a mining […]
The electrification of transportation could make copper the main pressure point for mining supply by 2040, according to an analysis by Wood Mackenzie. The firm estimates that production capacities may struggle to keep up with an acceleration in demand linked to electric vehicles, while cobalt would present a lesser risk. The transition to electric vehicles […]
The South African state-owned group Transnet is requesting 35 billion rand, about 2.2 billion dollars, from the National Treasury to renovate its port facilities and several railway lines. The goal is to reduce the logistical constraints that hinder exports and stifle economic activity. The request was announced on Thursday, August 13, by the South African […]
Benin takes the top spot among cottonseed producing countries in the CFA zone with a harvest of 533,590 tonnes for the 2025-2026 campaign. This positioning comes despite a 16.3% decline in production year on year, marking its second consecutive annual drop. According to the Regional Integrated Cotton Production Program in Africa (PR-PICA), total production in […]
According to the Statistical Bulletin of public debt published by the Autonomous Debt Management Fund (CAGD), the outstanding public debt of Benin stands at 9,122.2 billion FCFA as of June 30, 2026. This level represents 50.1% of the Gross Domestic Product (GDP), a rate that remains well below the ceiling of 70% required by the […]
Ivory Coast launched the Identification Project for Cashew Operators and Farms (IEEA) on August 11 in Korhogo. Led by the Cotton Cashew Shea Council (CCAK), the initiative aims to establish a more reliable database to improve management and traceability in the sector. The country is the world’s leading producer of cashew nuts. Cashew also represents […]
Rwanda’s agricultural exports generated $1.1 billion during the 2025/2026 fiscal year, according to the National Agricultural Export Development Board (NAEB). This result represents an increase of about 24% compared to the $893.16 million recorded during the previous period. The announcement was made on August 12 by NAEB, without specifying in the available information the distribution […]
Ivory Coast is preparing to launch the main campaign for 2026/2027 in a context marked by price volatility and increased international requirements. The country is rolling out a new national traceability system to better track the origin of the beans produced on its territory. As the world’s top cocoa producer, Ivory Coast heavily relies on […]
KBR has been selected by ORNX Green Hydrogen to carry out the preliminary engineering studies for the ammonia project located in the Laâyoune region of Morocco. The facility is designed to produce about 560,000 tons of ammonia per year with an electrolyzer capacity of 900 MW. The American group KBR announced on August 12 its […]
The Chinese manufacturer Guizhou Tire plans to invest $298.7 million in Morocco to build a tire factory for passenger vehicles. The project, announced on August 11 after obtaining the necessary permits in China, will be located in Tanger Tech City. This new facility would strengthen the Chinese industrial presence in the Moroccan automotive ecosystem, which […]
BGFIBank Côte d’Ivoire has obtained the IFACI Quality Certification for its Internal Audit Department. This distinction follows an assessment conducted according to the requirements of the Professional Framework for Internal Audit (RPAI) 2025. The certification was presented during a ceremony held at the headquarters of BGFI Holding Corporation. It pertains to the Internal Audit Department […]
Eswatini launched the construction of a 10 MW solar photovoltaic power plant in Nsoko on August 6, as part of its program to increase national electricity production. Developed by the independent producer InnoVent, the project represents an investment of around 200 million emalangeni, or nearly 12.3 million dollars. The future plant is expected to produce […]
Guinea signed an agreement with the International Monetary Fund (IMF) on August 10 for potential funding of $425 million. The program still needs to be approved by the institution’s board of directors, with the review expected in September. This agreement comes more than five years after the end of the previous program between Conakry and […]
The Canadian group Montage Gold has secured a loan of $75 million to fund the development of the Didiévi gold project in Côte d’Ivoire. This operation comes a few months after finalizing the acquisition of African Gold and confirms the group’s intention to make this asset its next mining project in the country. In its […]
The Loulo-Gounkoto gold complex in Mali is ramping up its activities after a largely extended suspension in 2025. Its operator, the Canadian group Barrick Mining, reported an attributable production of 152,000 gold ounces in the first half of 2026, aiming for up to 362,500 ounces for the entire year. Mali’s largest gold mine, before the […]
Kenya could record a deficit of around 486,000 tonnes of maize by the end of September 2026, according to the Cabinet Secretary for Agriculture, Mutahi Kagwe. This projection corresponds to 5.4 million 90-kilogram bags and highlights the growing pressure on the country’s main staple cereal. Mutahi Kagwe presented this estimate before the Kenyan Parliament, as […]
Japan has granted Nigeria a subsidy of approximately 587 million yen, or 3.7 million dollars, to improve the production and availability of certified rice seeds. The project aims to help increase agricultural yields as the country still imports nearly 30% of the rice it needs for consumption. The Japanese funding is intended to strengthen national […]
Guinea and the International Monetary Fund (IMF) services have reached a preliminary agreement for a new economic and financial program supported by the Extended Fund Facility. The arrangement could mobilize about 425 million dollars, pending approval by the institution’s board of directors. This agreement comes as Conakry seeks to consolidate its macroeconomic balances while preparing […]
The revenues from the Lumwana copper mine in Zambia increased by 32.1% in the first half of 2026, reaching $852 million compared to $645 million a year earlier. This rise comes as copper prices boost the site’s earnings, operated by Canadian group Barrick Mining, which is also planning an expansion aimed at doubling its production. […]
