The rates Nigerian trading house Sahara has applied since late February are likely to cost the Cameroonian state tens of millions of dollars in subsidies.
In a document filed with a court in New York, Africo's former shareholders argue that Och-Ziff's estimate of the amount it owes them following its takeover of the Kalukundi copper deposit is too low. They cast doubt, too, on the valuation of the site made by the American government, which is supposed to be their ally in the affair.
Rivals President Roch Marc Christian Kaboré and opposition leader Zéphirin Diabré will have to contend with an up-and-coming third force in November's presidential election in the form of Abdoulaye Soma.
After having appealed against the judgement ordering it to pay compensation to P&ID, the Nigerian justice ministry is using letters rogatory to try to prove that the company's Calabar gas project was a scam set up by Nigerian military officers and politicians.
After setting up Arise Port & Logistics with AP Moller, then Arise Infrastructure, to invest in roads, agricultural trading giant Olam has created a third brand dedicated to industrial free zones. Arise Industrial is preparing to make its first investment in Ivory Coast.
The French foreign ministry has appointed former UN under secretary-general for peacekeeping operations Alain Le Roy to be France's Covid-19 envoy for Africa, with finance as his main brief.
Published on 19/05/20 at 1 pm. The mining convention covering blocks 1 and 2 on the Simandou iron ore mining project, which were put up for sale following settlement of a dispute between former owner Beny Steinmetz Group Resources and the government, has been finalised.
Chamber of Commerce head Richard Ngatia is trying to get back into the president's good books by backing Kenyan enterprises in the DRC.
Having just won a seat in the Nampula regional assembly, Mahomed Asaraf Satar is working with his family to speed up the expansion of their mining interests in Mozambique. After years in real estate, tobacco, quarries and tantalite, the clan is now moving into gold, copper, iron and gemstones.
The Portuguese power producer Aenergy facing an Angolan court probe over suspected embezzlement of money assigned to the construction of the Soyo thermal power plant has counterattacked by filing a lawsuit of its own in the US.
Strategy&, PwC's business management consulting firm, is to look into the investments of the African subsidiaries of Ola Energy held by the Libyan Investment Authority. The work is part of a consolidation of the sovereign fund's accounts.
With the land route closed by conflict, two Libyan shipping firms have opened maritime routes between Tunisia and Libya that major players were unable to make profitable.
Vizada, a satphone pioneer in Algeria, has closed its local subsidiary. It did so despite the departure in January of the telecommunications minister who controversially withdrew its licence in 2016.
