Mining firm Avenira hopes to soon raise $AU2.5 million, in the framework of share acquisition plan, to advance its Baobab phosphate project in Senegal.
The company will allow its shareholders to buy new shares ranging overall between AU$1,000 and AU$15,000, at c8.4 per share.
The price offered is 10.6% below the weighted-average price of Avenira’s share which was estimated at $0.094 over the 14 days preceding the announcement regarding share purchase plan.
The Baobab project is presently in its first development phase which will lead to the production 500,000 tons of phosphate concentrates per year.
Extending over 1,553km², the valorization of the project begins on the Gadde Bissik prospect which is situated 110km East of Dakar and expands over about 90km².
Louis-Nino Kansoun
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
$500 million IDA credit to support small farmers and agribusiness Project targets key crops including rice, maize, cassava, and soy Initiative aims...
Stéphane Richard joins MTN board as independent non-executive director Appointment signals focus on governance and long-term strategy Move comes as...
Net profit jumps 117% to $183 million, driven by subsidiaries Lower credit risk and controlled costs boost earnings Bank strengthens balance...
African banking revenue surpasses $100 billion, with strong profitability Growth driven more by favorable conditions than operational...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...