Africa Business News

Mali's military government has signed an agreement with Russia that includes a gold refinery project in the Malian capital Bamako.
The deal involves building the refinery to process 200 tonnes of gold annually.It is valid for four years and does not specify the timelines for the construction.
Finance Minister Alousséni Sanou says the project will allow Mali to control all gold production in the country and correctly apply all taxes and duties.
Mali has strengthened its relations with Russia in recent years following the military coup in 2021 and the withdrawal of French forces from the country a year later.

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Mali's military government has signed an agreement with Russia that includes a gold refinery project in the Malian capital Bamako.
The deal involves building the refinery to process 200 tonnes of gold annually.It is valid for four years and does not specify the timelines for the construction.
Finance Minister Alousséni Sanou says the project will allow Mali to control all gold production in the country and correctly apply all taxes and duties.
Mali has strengthened its relations with Russia in recent years following the military coup in 2021 and the withdrawal of French forces from the country a year later.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

Niger Republic junta led by General Abdourahmane Tchiani has sued authorities of the Head of State and Government of the Economic Community of West African States over sanctions levied by the West African bloc on the country following the takeover of power by the military.
The coup leaders asked ECOWAS court to immediately lift the sanctions imposed on them by their West African neighbours.
Niger Junta argued that the sanctions imposed by ECOWAS were extremely stringent and targeted at Nigeriens.
Niger Junta also asked the court to declare its competence to examine the case and declare the application admissible by the court’s texts.


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Niger Republic junta led by General Abdourahmane Tchiani has sued authorities of the Head of State and Government of the Economic Community of West African States over sanctions levied by the West African bloc on the country following the takeover of power by the military.
The coup leaders asked ECOWAS court to immediately lift the sanctions imposed on them by their West African neighbours.
Niger Junta argued that the sanctions imposed by ECOWAS were extremely stringent and targeted at Nigeriens.
Niger Junta also asked the court to declare its competence to examine the case and declare the application admissible by the court’s texts.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

Niger Republic junta led by General Abdourahmane Tchiani has sued authorities of the Head of State and Government of the Economic Community of West African States over sanctions levied by the West African bloc on the country following the takeover of power by the military.
The coup leaders asked ECOWAS court to immediately lift the sanctions imposed on them by their West African neighbours.
Niger Junta argued that the sanctions imposed by ECOWAS were extremely stringent and targeted at Nigeriens.
Niger Junta also asked the court to declare its competence to examine the case and declare the application admissible by the court’s texts.


Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

The Kenyan president says his government is ready to privatise 35 state-owned companies which he said were currently functioning inefficiently due to bureaucracy.
President William Ruto says 100 other firms were also being looked at for possible privatisation in a bid to boost productivity.
Mr Ruto's announcement comes as the country is facing severe economic challenges including high inflation and rising levels of debt.
The IMF recently agreed to a loan of close to $1bn and urged reforms in public sector firms including the power company and Kenya Airways, which suffered record losses last year.

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The Kenyan president says his government is ready to privatise 35 state-owned companies which he said were currently functioning inefficiently due to bureaucracy.
President William Ruto says 100 other firms were also being looked at for possible privatisation in a bid to boost productivity.
Mr Ruto's announcement comes as the country is facing severe economic challenges including high inflation and rising levels of debt.
The IMF recently agreed to a loan of close to $1bn and urged reforms in public sector firms including the power company and Kenya Airways, which suffered record losses last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

The Kenyan president says his government is ready to privatise 35 state-owned companies which he said were currently functioning inefficiently due to bureaucracy.
President William Ruto says 100 other firms were also being looked at for possible privatisation in a bid to boost productivity.
Mr Ruto's announcement comes as the country is facing severe economic challenges including high inflation and rising levels of debt.
The IMF recently agreed to a loan of close to $1bn and urged reforms in public sector firms including the power company and Kenya Airways, which suffered record losses last year.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

The Organisation for the Petroleum Exporting Countries has put forward the meeting to finalise output levels for 2024 by four days to Nov. 30 due to struggles over output quotas for African members.
Angola and Nigeria are seeking extra time due to lower targets imposed by more powerful members.
Senior Vice President at Rystad Energy, Jorge Leon says the postponement indicates difficulties within the OPEC+ group to reach an agreement to cut production.
The meeting, which includes major producers Saudi Arabia, Russia and other allies and members of OPEC, is expected to consider further changes to a deal that already limits supply into 2024, according to analysts and OPEC+ sources.

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The Organisation for the Petroleum Exporting Countries has put forward the meeting to finalise output levels for 2024 by four days to Nov. 30 due to struggles over output quotas for African members.
Angola and Nigeria are seeking extra time due to lower targets imposed by more powerful members.
Senior Vice President at Rystad Energy, Jorge Leon says the postponement indicates difficulties within the OPEC+ group to reach an agreement to cut production.
The meeting, which includes major producers Saudi Arabia, Russia and other allies and members of OPEC, is expected to consider further changes to a deal that already limits supply into 2024, according to analysts and OPEC+ sources.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.