Nouakchott

AfCFTA, ECOWAS lament low trade volume among members and Africa’s low global trade share

The African Continental Free Trade Area (AfCFTA) has so far failed to boost Africa’s global trade participation that still stands at a mere 3%, according to a new report that assessed the progress in regional integration in the continent. African countries continue to conduct a greater volume of trade with countries beyond the continent rather […]

Nigeria regains Africa’s top crude oil producer spot in May 2023 — OPEC report

Nigeria has regained its position as Africa’s top crude oil producer for May 2023, according to the latest report published by the Organization of Petroleum Exporting Countries (OPEC), that also attributes the slow growth of the country’s economy by 2.4% year-on-year in the first quarter of 2023 to certain factors including a decline in crude […]

Aya Gold & Silver Company raises $70 Mln for its projects in Morocco

Canadian company Aya Gold & Silver has raised $70 million for the development of its Moroccan Boumadine and Zgounder mining projects, near Ouarzazate. On Tuesday, Aya firm announced it has agreed to sell 8,485,000 common shares to Eight Capital and Desjardins Capital Markets, as joint bookrunners and co-lead underwriters, together with a syndicate of underwriters. […]