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Burkina Faso Tightens Control Over Gold Mining, Channels $6 Billion into Official Economy

Burkina Faso Tightens Control Over Gold Mining, Channels $6 Billion into Official Economy

Burkina Faso has successfully channeled over $6 billion worth of gold into official economic channels in the first half of 2026. This achievement is part of the military-led government's efforts to regulate the gold mining industry more effectively. The government has implemented several reforms under a new Mining Code, which includes the creation of nine artisanal mining cooperatives and the identification of four artisanal mining corridors. These measures aim to bring more transparency to the gold industry, reduce illegal trading, and ensure that a larger share of mining revenue remains within the country. The National Precious Substances Company (SONASP) has played a crucial role by purchasing gold directly from artisanal and semi-mechanized miners, thus integrating more gold into the formal economy.
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Kinross Gold Updates on Lobo-Marte Project with Economic and Environmental Focus

Kinross Gold Updates on Lobo-Marte Project with Economic and Environmental Focus

Kinross Gold Corporation has provided an update on its Lobo-Marte project in Chile, highlighting its expected contribution of approximately 350,000 ounces of gold annually. The project is designed to be a long-life, low-cost heap leach operation with an estimated Net Present Value (NPV) of $4.3 billion. The company is advancing with permitting, detailed engineering, and execution planning. The project is expected to support significant local employment and economic benefits, with a focus on sustainability, including the use of renewable energy sources.
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Auro Metals Reports Significant Gold-Copper Intercept in Ecuador

Auro Metals Reports Significant Gold-Copper Intercept in Ecuador

Auro Metals Reports Significant Gold-Copper Intercept in Ecuador
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Airtel Money Plans London Listing Amidst African Central Banks' Rate Decisions

Airtel Money Plans London Listing Amidst African Central Banks' Rate Decisions

Airtel Africa is preparing to list its mobile money business, Airtel Money, on the London Stock Exchange later in 2026. This move is part of a broader trend among African telecommunications companies to separate their fintech operations. Airtel Money operates in 14 African markets, providing digital payments and financial services. Meanwhile, three African central banks—South Africa, Nigeria, and Ghana—have decided to hold their interest rates steady amidst varying inflationary pressures. Angola's Banco de Fomento is also preparing to join China's Cross-Border Interbank Payment System, reflecting the growing role of the yuan in Africa.
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Newmont Corporation's Strategic Investments and Financial Performance in 2026

Newmont Corporation's Strategic Investments and Financial Performance in 2026

Newmont Corporation's Strategic Investments and Financial Performance in 2026
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Conciliation Resources Seeks Programme Manager for West Africa Peacebuilding Efforts

Conciliation Resources Seeks Programme Manager for West Africa Peacebuilding Efforts

Conciliation Resources, an international peacebuilding organization, is seeking a Programme Manager for its West Africa Programme to cover a paternity leave. The role is based in Accra, Ghana, and involves supporting the implementation of peacebuilding initiatives across the tri-border area of Burkina Faso, Côte d'Ivoire, and Ghana, as well as northeast Nigeria. The Programme Manager will provide administrative and analytical support, liaise with partners, and contribute to strategic and policy work, focusing on regional dynamics including the Alliance of Sahel States (AES) and youth-focused peacebuilding issues.
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Ex-Goldman Banker Berko Accused of Paying Bribes in Ghana Power Plant Deal

Ex-Goldman Banker Berko Accused of Paying Bribes in Ghana Power Plant Deal

Ex-Goldman Banker Berko Accused of Paying Bribes in Ghana Power Plant Deal
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Burkina Faso's Gold Production Surpasses $6 Billion Amid Mining Reforms

Burkina Faso's Gold Production Surpasses $6 Billion Amid Mining Reforms

Burkina Faso has reported over $6 billion in gold production through official channels in the first half of 2026. This achievement is part of the military-led government's efforts to formalize artisanal mining and enhance state oversight of the gold industry, which is one of the largest in Africa. The Ministry of Energy, Mines, and Quarries, led by Minister Yacouba Zabré Gouba, disclosed these figures during a mid-year evaluation. The country produced 26 tonnes of fine gold from industrial mines and procured approximately 29 tonnes from artisanal and semi-mechanized miners. This dual approach aims to improve traceability, curb smuggling, and increase official reserves. The government has also established new artisanal mining cooperatives and delineated mining corridors to promote coexistence between industrial and small-scale mining activities.
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Etihad Airways and Africa World Airlines Partner to Enhance Ghana and West Africa Connectivity

Etihad Airways and Africa World Airlines Partner to Enhance Ghana and West Africa Connectivity

Etihad Airways and Africa World Airlines have signed a Memorandum of Understanding to establish a strategic partnership aimed at enhancing connectivity between the UAE, Ghana, and West Africa. The agreement, signed in Accra, covers codeshare and interline cooperation, cargo connectivity, and frequent flyer programs. This partnership will allow passengers to book journeys on a single ticket beyond Accra and access Africa World Airlines' network across West Africa. In return, Africa World Airlines' customers will gain improved access to Etihad's global network. The collaboration also extends to cargo operations, potentially benefiting Ghanaian exporters by providing access to Etihad Cargo's international freight capacity.
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Colombia Announces Diplomatic Pullback from Africa Amid Foreign Policy Restructuring

Colombia Announces Diplomatic Pullback from Africa Amid Foreign Policy Restructuring

Colombia's president-elect, Abelardo De La Espriella, has announced plans to close several embassies in Africa, including those in South Africa, Ghana, Ethiopia, and Senegal. This move is part of a broader restructuring of Colombia's diplomatic network aimed at making the foreign service more efficient. The closures are intended to redirect resources to domestic priorities such as security, healthcare, and education. Despite the closures, Colombia plans to maintain diplomatic relations with the affected countries through concurrent representation from neighboring missions.
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Troilus Mining Selected for Québec Fast-Track Mine Permitting, Boosting Critical Mineral Strategy

Troilus Mining Selected for Québec Fast-Track Mine Permitting, Boosting Critical Mineral Strategy

Troilus Mining Selected for Québec Fast-Track Mine Permitting, Boosting Critical Mineral Strategy
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Resouro Advances Brazil Gold Project with Mining Concession Application

Resouro Advances Brazil Gold Project with Mining Concession Application

Resouro Advances Brazil Gold Project with Mining Concession Application