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Botswana Diamonds has secured a prospecting permit for five kimberlite formations, including the significant M3 kimberlite, in the Marsfontein area of South Africa. This acquisition allows the company to explore …
Botswana Diamonds Secures Exploration Rights for Key Kimberlites in South Africa Read More
Saudi Arabia’s Public Investment Fund, in collaboration with Ma’aden, is nearing an agreement to purchase a significant stake in First Quantum Minerals’ Zambian copper and nickel assets valued at approximately …
Saudi Arabia Strategizes Major Investment in Zambian Mining Assets Amid Infrastructure Challenges Read More
Koryx Copper has raised $9.67 million through a private placement, aimed at advancing its copper projects in Namibia and Zambia. Nearly nine million shares were sold at $1.10 each, with …
Koryx Copper Secures $9.67 Million Funding for Strategic Copper Projects Read More
IMF Chief Kristalina Georgieva called for global unity in addressing economic and climate challenges amid a difficult geopolitical landscape. She noted progress in combating inflation but warned of enduring high …
IMF Chief Advocates for Global Cooperation Amid Economic Challenges Read More
SAP, the global software giant, will pay over $220 million to settle bribery allegations tied to government contracts in countries such as South Africa and Indonesia. The company, which has …
SAP Agrees to $220 Million Settlement Over Bribery Charges Read More
Kenya is negotiating a $1.5 billion commercial loan from the UAE with an 8.25% interest rate and a seven-year term. Finance Minister John Mbadi noted the loan’s lower cost compared …
Kenya Negotiates $1.5 Billion Loan with UAE Amid Economic Challenges Read More
ECOWAS and ECCAS, in partnership with the African Development Bank, have successfully completed major upgrades at the Ekok/Mufum border post between Cameroon and Nigeria, introducing new technologies to enhance efficiency …
Nigeria and Cameroon Border Upgrade Enhances Efficiency and Security Read More
The African Development Bank Group has approved $34.8 million in grants to strengthen climate resilience in Malawi and Zimbabwe. This funding will be utilized under the Africa Disaster Risk Financing …
African Development Bank Allocates $34.8 Million for Climate Resilience in Malawi and Zimbabwe Read More
Benin Republic and Togo owe Nigeria $5.79 million for electricity consumed in Q2 2024. The Nigerian Electricity Regulatory Commission reported that out of a total invoiced amount of $15.60 million, …
Benin and Togo’s Electricity Debt to Nigeria Reaches $5.79 Million Read More
A senior official from the Bank of South Sudan has testified that Stanbic Bank’s withholding of $7.2 million from Air Afrik Aviation, citing insufficient funds in a nostro account, was …
Dispute Arises Over Stanbic Bank’s Withholding of Funds from Air Afrik Aviation Read More