AGP Executive Report
Last update: 9 hours agoMining: Perseus Mining reported 92,551 ounces of gold in its latest quarter, with its Yaouré underground mine reaching commercial production and cash and bullion at US$900 million. Separately, Canadian-listed Waraba Gold agreed to pay up to US$3.3 million for an exploration licence that could expand its Côte d’Ivoire gold corridor. Telecoms: IQSTEL closed the first financing tranche for its planned 51% acquisition of Ultranet, a profitable West African telecom platform that generated US$130.9 million in revenue in 2025 and operates in Côte d’Ivoire and five other markets. Cocoa: African industry leaders are pressing for more local processing and a larger share of cocoa value, while high global prices—driven partly by poor weather and crop disease in Côte d’Ivoire and Ghana—continue to squeeze chocolate makers. Clean energy: A 50 MW solar plant backed by AXIAN and partners is under construction and expected to supply electricity for about 240,000 people when it opens in 2028. Agro-processing: Johnvents is seeking IFC financing for a Côte d’Ivoire cashew plant designed to process 30,000 tonnes a year; the proposed loan package awaits approval.
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