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Tracking the Missing Link: Why Uganda is missing out on the Cocoa windfall
On the Campaign Trail in 2016, Uganda’s President Yoweri Museveni who was campaigning for a 7th term, stopped in...
McKinsey’s latest report on Africa-China economic partnership challenges previous beliefs
Through a study conducted across eight countries that together make up about two-thirds of Sub-Saharan Africa’s GDP, the report...
Magufuli eats humble pie, Allows foreigners to Buy shares in Telecoms After Vodacom IPO flops
Tanzania will allow foreign investors to buy shares in telecommunications companies listing on the domestic stock exchange, after an...
How Conflict Diamonds from CAR Enter International Markets via Cameroon
Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, Partnership Africa Canada said in a report published today. The report, From Conflict to Illicit: Mapping the Diamond Trade from Central African... Read more
Randgold Resources Limited and AngloGold Ashanti Limited have concluded an investment agreement aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana  Randgold Resources Limited (“Randgold”)  and AngloGold Ashanti Limited (“AngloGold Ashanti”) have concluded an investment agreement (the “Agreement”) aimed... Read more
(Reuters) – Illicit trafficking of diamonds from Central African Republic into neighboring Cameroon is helping finance the continuation of a nearly three-year conflict, an expert panel that monitors U.N. sanctions said in a confidential report. Central African Republic (CAR) descended into chaos in March 2013 when predominantly Muslim Seleka... Read more
(Reuters) – ArcelorMittal South Africa is planning to shut two mills and is reviewing operations at its largest plant, it said on Monday, as the money-losing unit of the world’s biggest steelmaker struggles with weak demand and lower prices. Shares in the South African division of ArcelorMittal slumped 23... Read more
(Reuters) – Mozambique’s coal rush is officially over and the government is now looking offshore to a gas bonanza, according to analysts at a coal conference this week in the capital Maputo. Just a few years ago, billions of dollars poured into Mozambique, one of the world’s poorest nations,... Read more
Cominco Resources Limited (Cominco) continues to develop its 100% owned Hinda Phosphate Project (Project) where the Definitive Feasibility Study (DFS) indicates it has capacity to repay its US $601M development cost within 26 months.       The Hinda deposit is one of the world’s largest and thickest undeveloped phosphate... Read more
Tanzania’s current natural gas reserves are at about 55 trillion cubic feet (tcf) following new deep sea discoveries off its southern coast, the east African nation’s energy minister said. 10East Africa is a new hotspot in hydrocarbon exploration after substantial deposits of crude oil were found in Uganda and... Read more
2014 was expected to be a tough fight for the global mining industry with commodity prices down and short-term volatility increasing. The initial scorecard for the largest 40 miners was mixed and now the gloves are off for the industry with widespread government intervention, internal industry conflicts and rising... Read more