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DRC wants bigger slice from proceeds generated by China’s mining companies

The Democratic Republic of Congo (DRC) is pushing for an audit of the country’s mining contracts with China, which it says heavily favor Beijing, arguing that the Central African country wants a bigger slice of the proceeds from the mining and export of its resources by Chinese companies. DRC’s national assembly speaker Christophe Mboso has […]

Moroccan Central Bank forecasts a growth rate of 5.3% in 2021

Morocco’s growth is expected to reach 5.3% in 2021, and to consolidate to 3.3% in 2022, according to the Kingdom’s Central Bank (BAM).   “Growth would reach 5.3 percent this year, driven by a 3.6 percent increase in the value added of non-agricultural activities and a 17.6 percent rebound in the agricultural sector”, the bank […]

Guinea gives mining companies until August 31 to return export proceeds

Guinea authorities, Thursday August 3, gave August 31 ultimatum to mining companies operating in the country to repatriate at least 50 per cent of their revenues from exports. The warning came from the ministry of Mining and Geology, citing articles of the Guinea’s mining Code. Moussa Magassouba head of the department addressed the companies in […]