Copper sector: Exxaro looking for assets in Congo, Zambia and Botswana

Johannesburg-based coal producer Exxaro Resources is looking for copper assets in Botswana, Zambia, and the Democratic Republic of Congo (DRC), the largest copper producer on the continent. In a statement, CEO Nombasa Tsengwa said the company is also looking for manganese assets in its home country, she added. Exxaro thus joins other South African producers, including Sibanye Stillwater and Impala Platinum, in their search for opportunities beyond the country's borders

Kenya: Towards a takeover of Telkom Kenya

The Kenyan Ministry of Finance has announced that the UAE-based Infrastructure Corporation of Africa LLC will buy 60% of Telkom Kenya from Helios. Financial details of the deal were not disclosed, however, on Tuesday, the Kenyan cabinet cancelled an agreement reached between a previous administration and Helios to nationalize Telkom, citing “governance

Currency: fall of the South African Rand against the dollar

In Thursday's first trades, the South African Rand registered a decline. It weakened against the dollar, trading at 19.4200 against the dollar at 07:28 GMT, about 0.4% lower than its previous close. For its part, the dollar last traded at around 0.04% stronger against a basket of global currencies. Noted that the rand has already lost around 2.2% against the greenback this month. It is often inspired by international factors such as changes in American returns, in the absence of important local data.

Global Geothermal Power: Kenya plans to almost double total geothermal energy production by 2030

Currently the eighth largest user of geothermal energy, Kenya has more geothermal capacity under construction than any other country. With the aim of achieving ambitious green energy goals, the country plans to almost double total geothermal energy production by 2030. Kenya will be the world's fourth-largest user of geothermal energy, behind the United States, Indonesia, and the Philippines at the end of ongoing projects. The country also expects to produce more than half of the country's electricity from geothermal sites, as shown by Global Energy Monitor data

Improving and harmonizing statistical capacity: World Bank approves $290 million in funding

In a statement issued on Monday, October 2, 2023, the World Bank announced that it had approved funding of $290 million in the form of credits and donations from the International Development Association (IDA). This funding will be used to improve and harmonize data systems in Central Africa. According to the bank, this funding “will strengthen evidence-based decision-making systems, resource allocation, accountability, and transparency in a region that is home to more than 120 million people living in extreme poverty.” According to him, it is part of the second phase of the project to harmonize and improve statistics in West and Central Africa (HISWACA

Brief

The boss of the startup Bamboo gets his hands on the Nigerian Stock Exchange. The Nigerian Exchange Group (NGX) is calling on Bamboo to set up a digital exchange platform for banks and brokers. A choice that places the founder of the Nigerian startup, Richmond Bassey, at the forefront of the country's financial ecosystem

Between 2017 and 2023, the Gabon Special Economic Zone (GSEZ) paid the Gabonese State 124 billion FCFA in taxes. Arise Gabon during a communication on its achievements in recent years in the country.

The Nigerien authorities are freezing the export of Liquefied Petroleum Gas (LPG) until further notice. The announcement was made on Tuesday, October 3, 2023. The objective is to promote domestic market supplies, in order to deal with the consequences of the sanctions imposed by ECOWAS in the wake of the coup of 26