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Botswana's Currency Strategy: Navigating Economic Challenges with Strategic Adjustments In a significant policy shift, Botswana has decided to allow its local currency, the pula, to depreciate by 2.76% over the next year. This move is undeniably more aggressive than earlier expectations, aiming to address the mounting economic pressures the country faces. As countries often grapple with currency fluctuations, this measure reflects a blend of strategy and necessity in the world of economics. The decision emerges during a…

Zimbabwe's Strategic Shift in Lithium Exports: A Bold Move Toward Local Processing Zambia is set to implement a significant change in its mineral export policy by banning the export of lithium concentrates starting January 2027. This decision, announced by Mines Minister Winston Chitando, is part of a broader initiative aimed at enhancing local value addition within the mining sector. “With effect from January 2027, the export of lithium concentrates will no longer be allowed,” he stated during a press briefing in Harare.…

For Botswana, Africa’s largest diamond producer, navigating the current landscape of diamond mining is akin to walking a tightrope. Diamonds are not merely precious stones here; they are the backbone of the nation’s economy, accounting for around 80% of export revenue. However, the shifting market dynamics present serious challenges that jeopardize the stability of this vital sector. In recent years, we have witnessed a noticeable reduction in demand for natural diamonds. This downturn is intensified by a surge of…

Angola and Nigeria: Navigating the Oil Price Storm As Sub-Saharan Africa's second-largest crude oil exporter, Angola is bracing for significant economic challenges in the coming years. The nation has crafted its 2025 budget around an optimistic oil price benchmark of $70 per barrel. However, the reality is stark: Brent crude prices recently dipped below $60, marking the lowest level we've seen in four years. The question looms large—what does this mean for the country's economic stability and future prospects?…

Mali's Mining Landscape: An Era of Reform and Reflection As Mali's Council of Ministers announced, there is a newly imposed halt on the issuance of artisanal mining permits to foreigners. This measure stands amidst ongoing investigations prompted by a recent, heart-wrenching mining calamity. A stark reality looms over us: how do we balance economic pursuits with the sanctity of human lives? This thoughtful pause is an aftermath of a catastrophic mining accident just a month ago. A tragedy that took over 40…

Guinea's military junta plans to end its rule with general elections set to take place this year The international community, including ECOWAS, has been pushing for a return to civilian rule in Guinea The return to constitutional order in Guinea is expected to be effective in 2025

Installed on August 5, 2021, the new office of the Confederation of Cotton Producers of Mali held its first meeting in the city of Koutialia on Thursday, August 19. Objective: to introduce its members to thousands of producers in this agricultural zone but also to support the transition. Following the recommendations of the national meetings in the sector, in addition to the fertilizer subsidy, the…