A newly constructed micro-dam in Dengel, Dekemhare sub-zone, in Eritrea has been inaugurated.
• Namibia plans to spend US$ 440 million over the next three years expanding capacity at the Walvis Bay port.
• Ethiopia has temporarily banned exports of raw cotton.
• The Mozambican government intends to ban the export of unrefined gold.
• De Beers and Botswana’s government will invest 24 billion pula to extend the life of the Jwaneng mine.
• Botswana’s diamond exports were up 44 per cent by mid-2012.
• Diamond production in Namibia over the first eight months of 2012 doubled.
• Zambia’s 2013 copper output is expected to reach over 750,000 metric tons.
• SouthWest Energy agreed to purchase from Petronas all of its oil and gas interests in Ethiopia.
• The oil industry is Africa’s largest sector by far, while oil is the costliest import for non-producing African countries
• In 2012 Africa produced 3.5 billion barrels of oil. At today’s average price of US$ 70 per barrel, that translates to nearly US$ 250 billion. Nigeria, Algeria, Angola and Libya were the biggest producers.
• Mauritius is targeting a 15 per cent rise in foreign direct investments to 10 billion rupees.
• The Democratic Republic of Congo wants the state to hold a 35% stake in all future mining joint ventures.
• Ncondezi Coal plans to develop a US$ 250 million coal project in Mozambique.
