Currently owned by Gabon, the Pozzo di Borgo, where fashion designer Karl Lagerfeld lived for 30 years, will soon go on the market. The Gabonese junta has settled on an asking price of €200m.
United Bank for Africa has renewed its financing for the DRC state-owned oil company, but halved the amount it is providing. The funds could be used to purchase petroleum products from Angola's Sonangol.
Equatorial Guinean Vice-President Teodorin Obiang Nguema has proposed to ENI that the Italian firm take over the management of the Zafiro offshore oil field and of the Fortuna gas field.
The US and France have both sent a spy plane to support intelligence operations in Abidjan, which is currently hosting Africa's biggest football tournament.
Club des Investisseurs Sénégalais (CIS) has struck up preliminary talks with Saudi Gold Refinery Co to explore the idea of a collaboration for the construction of a gold refinery in Senegal.
A fresh bid to pull the plug on a delayed road-building project in south-west Uganda has hit another brick wall. Procedural bottlenecks regularly prevent such projects from progressing.
The abrupt end of milling and marketing by multinational players is disrupting Kenya's coffee sector. Faced with unsold product and growing stocks of green beans, small-scale producers are calling on the government to reverse its policy.
A company owned by the former senator Sylvain Rabetsaroana is one of six firms approved by Madagascar's government to export gold. A close associate of businessman Maminiaina Ravatomanga, his arrival in the sector is causing concern among mining operators.
In 2019, CCCC Algeria took its Chinese parent company to court for bypassing it when working in Algeria, sparking an ongoing conflict over the shareholders' agreement signed in Beijing in 2012.
