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SENEGAL: Producer Akon invests in the Congolese mining sector

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The Senegalese-American artist, Akon, signed an agreement on December 14, 2020, for the financing of a copper and cobalt mine in the Democratic Republic of the Congo in a joint venture with a state miner, according to a contract published by the Ministry of Mines.

Alioune Badara Thiam aka Akon decided to enter the mining sector. And it was the Democratic Republic of the Congo that he chose for his investment. Through his company White Waterfall LLC, of which he is the managing director, he signed an operating contract. It committed $2 million, or more than $1 billion, and funded a feasibility study of the Kimono reserve in Upper Katanga province.

White Waterfall is, according to the company’s website, a private equity fund that invests in mining companies that are not publicly traded. However, no investor or investment was mentioned.

The Democratic Republic of Congo is an African country rich in mineral resources. The DRC is the largest copper producer in Africa and the largest cobalt producer in the world.Cobalt is used in the manufacture of electric batteries, smartphones, tablets, electric cars, etc. Wealth that is also at the origin of many conflicts in its territory, for several decades.

It is also important to note that Senegalese-American singer and producer Alioune Badara Thiam has several investment projects in Africa, including the one called “Akon Lighting Africa”. A project launched in 2014 by the musician artist and two of his friends Samba Bathily and Thione Niang. It aims to provide electricity through solar energy in Africa. It also has another flagship project for Senegal.It is the construction of a futuristic and autonomous city “Akon City” in Mbodiene, a village located in the region of Thiès about a hundred kilometers from Dakar. It will be a kind of Hollywood with movie studios, hotels, a university, hospitals, business and leisure centers, among others.

Akon @Capture Facebook
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CÔTE D’IVOIRE – Robert Beugré Mambé reassured after an infrastructure visit

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© CICG-CÔTE D’IVOIRE

Yamoussoukro, December 26, 2023- After an impregnation visit of the Charles Konan-Banny stadium in Yamoussoukro, Tuesday, December 26, 2023, the Prime Minister, Minister of Sport and Living Environment, Robert Beugré Mambé, said reassured. The stadium, he said, is ready to host Group C matches from Senegal, Cameroon, Guinea and The Gambia.

‘What we have seen is reassuring. Technically, from the equipment point of view, we are ready at the Yamoussoukro stadium. But we will remain vigilant until the end,” said Robert Beugré Mambé.

The Prime Minister called for on-call teams to be set up in all sectors. We will have specialists permanently because Côte d’Ivoire wants to be up to date, in all circumstances, with the expected benefits of this great country. We have given indications that vigilance is needed,’ insisted the Head of Government.

For this visit, which is part of the visits of infrastructure related to the CAN 2023, the Vice-President of the Republic, Tiémoko Meyliet Koné, accompanied by the Prime Minister and other members of the government, visited the host infrastructure, in particular the President’s Hotel where official delegations will stay.

CAN 2023 is scheduled from January 13 to February 11, 2024 in Côte d’Ivoire with 24 teams.

CICG

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AFIS AWARDS 2023: Brvm wins Innovative Deal of the Year award

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The Bourse Régionale des Valeurs Mobilières (BRVM), received the Innovative Deal of the Year Award from the AFIS AWARDS 2023, in conjunction with the SGI EDC Investment Corporation. It was on the occasion of the African Financial Industry Summit (AFIS), held in Lomé (Togo), on November 15 and 16, 2023.

A statement from the Brvm informs that this prize is awarded relative to the success of the introduction to the BRVM of Orange Côte d’Ivoire, on December 30, 2022, with a record capitalization at the introduction of 1538.19 billion Cfa francs.

The document reports that the distinction made to the BRVM through the «Innovative Deal of the Year» Award reflects the recognition of the African financial industry to a rare transaction in recent times on the markets (partial privatization by IPO) which raised the WAEMU stock market to fifth place on African stock exchanges in terms of capitalisation in September 2023.
Dr Edoh Kossi AMENOUNVE expressed the gratitude of the BRVM, its Board of Directors, its General Management and all its staff who are honoured to receive this distinction. It is the culmination of the efforts undertaken over several years in terms of promoting the regional financial market and innovation.

Dr AMENOUNVE took the opportunity to express his deep gratitude to the Ivorian Government and its Privatization Committee whose vision and leadership he praised. He thanked them for their ongoing concern for the BRVM. The public offer to sell the shares of Orange Côte d’Ivoire was arranged and conducted by SGI EDC Investment Corporation (Ecobank Group) co-winner of the prize.

Initiated by Jeune Afrique Media Groupe (JAMG) in partnership with Mazars, the AFIS Awards annually reward five categories of companies and individuals who have contributed significantly to the growth of the African financial sector.

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BURKINA FASO – Captain Traoré: “We are not enemies of the French people”

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Burkina Faso is not “enemy” of the “French people”, said Captain Ibrahim Traoré, transitional president, following a coup d’état, in an interview broadcast Wednesday, September 06, 2023 by Radio television of Burkina (RTB, public.

“We are not enemies with the French people, it is the policy of those who lead France that poses a problem in Africa, so as long as a state is not in an imperialist spirit (…) there is no problem,” he said in the interview recorded on 31 August.

Burkina has been looking for new cooperation ever since. We have new partners who support us in terms of equipment and so on,’ he added, without naming them.

Burkina Faso’s Foreign Minister, Olivia Rouamba, on Monday expressed her country’s desire to “strengthen bilateral cooperation” with Iran, during a meeting in Tehran with President Ebrahim Raïssi.

A Russian delegation exchanged with Mr. Traoré last week in Ouagadougou, on issues of development and military cooperation and Captain Traoré went to Saint Petersburg in July for the Russia-Africa summit.

He reaffirmed his country’s support for Niger, the scene of a coup d’état on 26 July, with which Burkina shares the so-called “three-border” zone between Mali, Niger and Burkina, considered a hideout of jihadist groups.

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