sacked PM mechichi

Burkina Faso denies paying Russian mercenaries with gold mine rights granted to Nordgold

Burkina Faso has denied claims that it awarded a mining permit to Nordgold just because it is a Russian company, its mines minister told the media on Sunday (5 February), rebuffing Western concerns that the ruling junta is seeking closer ties with Moscow. Burkina Faso allows all companies to operate in the west African country […]

Chocflation: Ghana mulls 100% cocoa price hike amid perfect storm of multiple crises

Ghana, the world’s second-largest cocoa producer, considers doubling farmgate price of the crop to combat smuggling amid a global shortage, as the country’s share of the whole sale market price shrinks to 16% from 44% in mid last year. The Ghana Cocoa Board and the country’s government are reportedly muling a significant increase — potentially […]

Senegal proposes diaspora bank to enhance investments, lower transfer costs

Senegal’s Prime Minister Ousmane Sonko revived last week a proposal to create a bank dedicated to the Senegalese diaspora. This initiative aims to channel the significant funds sent home by Senegalese expatriates into impactful and sustainable projects, reported Ecofin agency. The diaspora sends over $2.9 billion annually to Senegal, representing about 12% of the country’s […]