African Briefs
Angola charges ex-governor in US$500 million fraud
Angolan prosecutors have charged former central bank governor, Valter Filipe da Silva, in relation to an alleged US$500 million fraud attempted against the Angolan government last year, a source familiar with the matter told Reuters on Thursday. The news was first broken earlier on Thursday by the blog Maka Angola run by activist and journalist Rafael Marques. Angola’s prosecutors’ office did not immediately respond to a request for comment.
-Nampa/Reuters
IMF approves US$158m credit to Burkina Faso
The International Monetary Fund (IMF) on Wednesday approved a three-year, US$157.6 million credit facility for Burkina Faso, in part to help boost security after a spate of attacks by Islamist insurgents.
-Nampa/Reuters
SA mining production increased in January
Mining production increased by 2.4% year-on-year in January, boosted by iron ore and other non-metallic minerals, figures released on Thursday by Statistics South Africa showed.
Iron ore production added 3.4 percentage points to the increase, while other non-metallic minerals put on 1.3 percentage points.
Iron ore is the key component in steel and is mostly used all metals.
The statistics also revealed that mineral sales increased by 4.5 % year-on-year in January 2018, with gold and coal as the top contributors.
-Fin24
Angolan prosecutors have charged former central bank governor, Valter Filipe da Silva, in relation to an alleged US$500 million fraud attempted against the Angolan government last year, a source familiar with the matter told Reuters on Thursday. The news was first broken earlier on Thursday by the blog Maka Angola run by activist and journalist Rafael Marques. Angola’s prosecutors’ office did not immediately respond to a request for comment.
-Nampa/Reuters
IMF approves US$158m credit to Burkina Faso
The International Monetary Fund (IMF) on Wednesday approved a three-year, US$157.6 million credit facility for Burkina Faso, in part to help boost security after a spate of attacks by Islamist insurgents.
-Nampa/Reuters
SA mining production increased in January
Mining production increased by 2.4% year-on-year in January, boosted by iron ore and other non-metallic minerals, figures released on Thursday by Statistics South Africa showed.
Iron ore production added 3.4 percentage points to the increase, while other non-metallic minerals put on 1.3 percentage points.
Iron ore is the key component in steel and is mostly used all metals.
The statistics also revealed that mineral sales increased by 4.5 % year-on-year in January 2018, with gold and coal as the top contributors.
-Fin24
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