BCEAO releases $ 6 billion for West African economies

The BCEAO has just made a liquidity injection of 3350 billion FCFA ($ 6 billion) at a fixed rate of 2% in favor of several banks of the UMOA. A total of 87 financial institutions participated in the operation. The Central Bank of West African States (BCEAO) made a further injection of liquidity to its member countries last week. In total, 3350 billion FCFA ($ 6 billion) were disbursed by the institution.

During the auction on September 14, 87 banks in the sub-region obtained an injection of liquidity at a fixed rate of 2%. With more than 1000 billion FCFA ($ 1.8 billion), it is the Ivory Coast which obtained the most important financing, ie 31% of the funds injected.

It is followed by Senegal with more than 580 billion FCFA ($ 1 billion), Mali with 466 billion FCFA (835 million $), Benin with 434.5 billion FCFA (777 million $) and Burkina Faso with 318 billion FCFA. ($ 569 million). Niger with 241.6 billion FCFA ($ 432 million), Togo with 219 billion FCFA (…

Botswana: Galileo Resources completes acquisition of several copper assets

The mining company Galileo Resources announced Thursday the completion of the buyout of 100% of the interests of the company Crocus-Serv in Botswana. The latter notably holds a total of 21 permits covering an area of 14,875 km2 for copper exploration, of which 19 are in the Kalahari Copper Belt, known to host important deposits of red metal.

Galileo Resources completes acquisition of several copper assets

"We are pleased to have completed the acquisition of Crocus with its copper licenses in the very promising Kalahari copper belt and its metals licenses from the nickel-copper-platinum group in the Limpopo Mobile belt in Botswana. Our team is eager to start exploring these properties, "said Colin Bird, CEO of the company.

Galileo Resources already owns, it should be remembered, several exploration projects on the continent, including two zinc assets in Zambia, a copper project and another of rare earths in South Africa.