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The Pan-African Economy in Brief: Friday, October 16, 2020

Burkina Faso:
Endeavour announces the effective resumption of mining operations at the Boungou Gold Mine:
Mining giant Endeavour Mining announced on October 15 the resumption of mining operations at the Boungou gold mine in Burkina Faso. This comes nearly a year after the deadly terrorist attack last November on the staff of this asset acquired after the recent merger with Canada's SEMAFO. SFTP Mining SARL, the local mining contractor hired to replace Australia's Perenti, has already been mobilized and mining, head grade control drilling and blasting activities are continuing. Rated capacity of 2 to 2.3 million tonnes of ore is expected to be reached soon to secure the annual production target of 130,000 to 150,000 ounces.


Nigeria:
Nigeria will invest US$4 million for the development of the National Transport Data Bank:
The development of the National Transport Data Bank in Nigeria is one of the priority investments in the 2021 budget, whose bill was recently submitted to the National Assembly. According to the breakdown presented by the Minister of Finance and Budget Zainab Shamsuna Ahmed, 1.51 billion naira ($4 million) will be earmarked for the development of the data bank.


Côte d’Ivoire:
The civil disobedience launched by the opposition is entering its active phase in the middle of the electoral campaign:
The call for civil disobedience launched by the Ivorian opposition against the holding of the October 31 presidential election has just entered its active phase as the electoral campaign begins. During a lively press briefing on Thursday, October 15, Henri Konan Bédié and Pascal Affi N'Guessan, whose candidacies have been accepted by the Constitutional Council, called on their supporters to "actively boycott" all electoral operations.


Cameroon:
After the tax on phones, the download of applications in line of sight:
In addition to telephones, the downloading of applications is also targeted by the reform of digital tax collection. That is to say 200 FCFA for each download. The resistance of operators and cell phone subscribers prevented the implementation of the tax, Thursday, as planned.


Mozambique:
Sixteen miners drowned and several disappeared in the flooding of a mining field:
Last weekend's heavy rains in Mozambique did not only cause material damage. According to the local television channel Miramar, relayed by Reuters, the lifeless bodies of sixteen artisanal miners have already been recovered from a mine field this week. Authorities in Nampula province attribute the drowning deaths to rising water levels in a usually dry riverbed, causing flooding of the nearby mine field. It should be noted that dozens of other workers are still missing at this time. According to the National Institute for Disaster Management, the bad weather affected approximately 1,194 families and destroyed homes in the mining province of Manica.