Finance
Mali Returns Seized Gold to Mining Firm After $400 Million Settlement
Mali has returned roughly 400 million dollars worth of gold to a foreign mining operator, bringing a prolonged dispute over resource control and...
Mali, Burkina Faso and Niger Launch Regional Investment Bank to Fund Sahel Development
Mali, Burkina Faso and Niger have jointly launched a new regional investment bank with a capital base of 500 billion CFA francs, equivalent...
Tinubu, FIRS Face Backlash Over Contradictions in France Tax MoU as Clarification Memo Fails to Justify ‘Advice Without Data or Services’
Fresh questions have emerged over the Memorandum of Understanding (MoU) between Nigeria’s Federal Inland Revenue Service (FIRS) and France’s Direction Générale des Finances...
Tinubu Under Scrutiny as FIRS–France Partnership Sparks Fears of External Influence
For many Nigerians, the news that the Federal Inland Revenue Service has entered a new partnership with the French tax authority felt less...
IMF Flags Bondholder Concerns as Senegal Faces Deepening Debt Troubles
The International Monetary Fund has acknowledged rising worries among global investors about Senegal’s debt situation as discussions over a new support package continue....
Europe Exploits Nigerian Crude, Blocks Dangote, and Sells Back Expensive, Polluting Refined Fuel to Nigerians
Nigeria continues to pump crude oil, but a troubling pattern has emerged: much of the country’s crude is exported, refined abroad, and then...
Mali Recovers 1.2 Billion Dollars in Mining Arrears Under New Code
Mali has recovered 761 billion CFA francs, equivalent to about 1.2 billion US dollars, in unpaid dues from mining companies after a sweeping audit of...
Mali Records Strong Economic Performance as IMF Praises Reform Progress
The International Monetary Fund has commended Mali for what it describes as a remarkably resilient economic performance, following the first review of the...
West African Proposes Alternative Plan as Burkina Faso Seeks Larger Stake in Kiaka Mine
West African Resources has submitted an alternative proposal to the government of Burkina Faso after authorities requested a larger stake in the Kiaka...
Bank of Ghana Cuts Interest Rate to 18 Percent as Inflation Falls
The Bank of Ghana has sharply lowered its policy interest rate to 18 per cent, cutting by 350 basis points at its latest...
Barrick Gold Backs Down as Mali Tightens Control of Its Mining Sector
After more than two years of standoffs, seizures, legal battles and diplomatic tension, the government of Mali has finally compelled Barrick Gold to...
Senegal Moves to Clear Backlog of Over 2,400 Malian Containers at Dakar Port
Senegalese authorities have announced steps to resolve a major logistical bottleneck after more than 2,400 containers belonging to Malian operators became stranded at...