Alecto, Randgold enter joint venture to advance Mali's Kossanto West Gold Project

Alecto Minerals, an African-based gold and base metal company, has signed a joint venture agreement with Randgold Resources of the U.K. to spur progress on the Kossanto West Gold Project in Mali. Two exploration permits, Kobokoto Est and Koussikoto, have already been secured for the project; Randgold will hold 65 percent of the permit interests and Alecto will hold 35 percent. Read More »

Burkina Faso's Yaramoko Gold Project on budget, schedule

Roxgold Inc. released an update on its Yaramoko gold project Monday, located southwest of Ouagadougou, Burkina Faso. Mine operations are being conducted through Roxgold's subsidiary Roxgold Burkina Faso SARL. The project's feasibility study was completed in April 2014; Roxgold received the signed mining convention from the Burkina Faso Ministry of Mines for the project in 2015. Read More »

AUC, FAO partner to back Africa's Great Green Wall land restoration initiative

Land degradation and drought are issues that have plagued African farmers for generations. In an effort to find solutions to those and other challenges faced by Africa's farms, the African Union Commission (AUC) and the United Nations' Food and Agriculture Organization (FAO) have entered into an agreement to support a program called Great Green Wall. Read More »

PwC report highlights challenges in Africa's capital markets

African capital markets experienced some hard times in 2015, according to PwC "2015 Africa Capital Markets Watch" released Monday. The report includes studies of equity and debt capital market transactions that took place between 2011 and 2015 on exchanges across Africa; it also looks at transactions completed by African corporations using international exchanges. Read More »

African youth, government leaders meet for 5th Intergenerational Dialogue

Government officials, business leaders, policy makers and African youth met at the African Union Commission recently for the 5th Intergenerational Dialogue. The gathering was aimed at discussing and identifying the role of African youth in the continent's ongoing development in light of Africa's Agenda 2063 and the Sustainable Development Goals' strategic plans. Read More »

Scottish oil and gas industry delegation visits Ghana

With a goal of gaining an understanding of the workings of the West African oil and gas market and networking with possible partners and investors, Scottish oil and gas industry professionals traveled to Nigeria. The visit was organized by SDI, the Scottish government's international economic development division. SDI's African office opened in Accra, Ghana, in June 2014. Read More »

CPhl partners with Africa Pharmaceutical Summit

CPhI, a global events portfolio company focused on pharmaceuticals, recently partnered with Africa's largest pharmaceutical exhibition, the APS. The APS was first held in 2013 and includes an exhibition, summit and networking opportunities. The pharmaceutical market in Africa has grown steadily over the past several years; it is projected to grow to a $40 billion industry by 2020. Read More »

John Deere S.M.A.R.T. program hopes to boost African farm output

John Deere is launching a new campaign to help African farmers improve productivity on their farms. The S.M.A.R.T. campaign offers African farmers one-stop shopping for all their agricultural equipment needs by advocating mechanization. John Deere is also developing its own financing network specific to African agriculture, brokering partnerships with local African banks. Read More »

Work groups from Africa-Arab Partnership gather in Ethiopia

The Africa-Arab Partnership meeting started Wednesday to discuss trade, investment, transport and communication at the African Union. The meeting was created to work on the development of an Africa-Arab Action plan, which will become part of the region's 2017-2019 action plan, set to be unveiled in November during the fourth annual Africa-Arab Summit in Equatorial Guinea. Read More »

Benin, IFAD ink deal for market gardening overhaul

The UNIFAD is collaborating on a new initiative with Benin to boost production among market gardeners and create jobs for young people and women. The project will invest nearly $50 million in 17,000 market gardeners. The package provided to growers includes market research, better access to and from their gardens through 75 miles of new roads and help with collecting seeds. Read More »

Commissioner discusses El Nino’s volatile impact on Africa

Both deluge and drought resulting from El Nino and La Niña events are expected to significantly affect the African continent's agriculture and economy. In a joint press conference with UNOCHA officials at the 26th AU Summit, Dr. Aisha Laraba Abdullahi classified the consequences of the unpredictable weather system into a trio of categories: erratic climate and weather extremes. Read More »

Tokyo International Conference on African Development set for Kenya in August

The Tokyo International Conference on African Development (TICAD) Summit is scheduled for Aug. 27 and Aug. 28 in Nairobi. TICAD is an event co-hosted by Japan, the United Nations Office of the Special Advisor on Africa and the United Nations Development Programme, with the goal of fostering discussions on high-level policy between African leaders and their development partners. Read More »

Permits extended for six uranium exploration projects in Niger

Six new uranium exploration permits held by Ontario, Canada-based Global Atomic Fuels Corp. for sites in Niger have been renewed for three years, allowing the company to continue development activities on uranium deposit locations. The renewals were issued by Niger's minister of mines. The largest of the deposits is the DASA deposit; Global Atomic is conducting economic assessments. Read More »

Feasibility study completed on Mali's Kobada Gold Project

A feasibility study was recently completed on the Kobada Gold Project in the West African nation of Mali. The study revealed 511,000 ounces of gold within two oxide open pits at the site as well as a proved and probable reserve of 12.7 million tons, capacity for gold production exceeding 50,000 ounces each year and average cash costs of $557 per ounce of gold produced. Read More »

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