CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

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.