Africa News

Cameroon : French Development Agency cancels loan to Sodecoton, weakened by state arrears

The loss of the €30m non-sovereign loan granted in 2023 by the AFD has resulted in the loss of a €10m European subsidy, plunging Sodecoton further into turmoil. ​The loss of the €30m non-sovereign loan granted in 2023 by the AFD has resulted in the loss of a €10m European subsidy, plunging Sodecoton further into […]

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South Africa : Rand Refinery looking to return shine to their African gold plans

The only refiner on the continent certified by the highly rigorous London Bullion Market Association (LBMA), South Africa’s Rand Refinery […] ​The only refiner on the continent certified by the highly rigorous London Bullion Market Association (LBMA), South Africa’s Rand Refinery […] Read More

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Ivory Coast : Ouattara shakes up cocoa sector in response to crisis

Ivorian President Alassane Ouattara has approved his administration’s overhaul of several major rules governing the cocoa industry, of which Ivory Coast is the world’s leading exporter. The dramatic fall in world cocoa prices – down by two-thirds since 7 July […] ​Ivorian President Alassane Ouattara has approved his administration’s overhaul of several major rules governing

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DRC : Pressured by Washington, Kinshasa sits on the fence over Chemaf sale

In its determined bid to buy Chemaf’s assets in Lualaba province, Virtus Minerals has struggled to overcome resistance from the Congolese executive. Its CEO, Phil Braun, had pinned his hopes on Félix Tshisekedi’s trip to Washington in early February, where […] ​In its determined bid to buy Chemaf’s assets in Lualaba province, Virtus Minerals has

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Madagascar : A former politician resurfaces alongside Randrianirina

The discreet appointment of José Vianey as general coordinator of the Refoundation advisory council on 17 February marks the former diplomat’s return to Madagascar’s political arena. ​The discreet appointment of José Vianey as general coordinator of the Refoundation advisory council on 17 February marks the former diplomat’s return to Madagascar’s political arena. Read More

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