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The IMF has recognized Zambia’s economy as more resilient than expected for 2024, supported by strong sector performance. The report follows an IMF team visit aimed at evaluating the country’s …
IMF: Zambia’s Economy Exhibits Unforeseen Resilience in 2024 Read More
The African Development Bank has signed a $44.9 million grant with Chad to fund the asphalting of the Kyabé-Mayo road section, enhancing vital infrastructure. This project is set to improve …
African Development Bank Grants $45 Million to Chad for Kyabé-Mayo Road Project Read More
BHP is set to invest $2 billion to optimize the concentrator at Escondida, the largest copper mine worldwide. This investment is part of a broader $10.8 billion plan in Chile …
BHP to Invest $2 Billion in Escondida Copper Mine, Part of $10.8 Billion Plan Read More
The Mozambique Mining Mineral Group is transforming gold mining by prioritizing sustainable practices and community empowerment through innovative methods. Their advanced equipment and training approach aim to decentralize mining operations, …
Mozambique Mining Mineral Group Innovates Gold Mining through Community Empowerment Read More
Cameroon will invest US$167 million in upgrading four critical roads, funded by the Ministry of Public Works. Additional maintenance projects totaling over $85 million are planned across the country. These …
Cameroon Invests US$167 Million in Key Road Upgrades Read More
Malawi has imposed a temporary ban on mineral exports to enhance regulatory frameworks within the mining sector. This initiative aims to promote a more efficient industry that supports the country’s …
Malawi Enacts Temporary Ban on Mineral Exports to Enhance Regulations Read More
Botswana is proactively diversifying its economy due to the uncertain future of the diamond industry. Vice President Ndaba Gaolathe detailed plans to expand agriculture, copper mining, and tourism while modernizing …
Botswana’s Economic Diversification Amidst Diamond Industry Challenges Read More
Tanzania plans to ban foreign currency for local transactions starting July 1. The initiative, spearheaded by the Bank of Tanzania and the Ministry of Finance, mandates the exclusive use of …
Tanzania to Enforce Ban on Foreign Currency for Local Transactions Read More
Nairobi has launched its first direct-to-consumer farmers’ market, allowing local farmers to sell fresh produce directly to consumers without middlemen. Open every Saturday, the market is inspired by European models …
Nairobi Introduces First Farmers’ Market for Direct Sales in Sub-Saharan Africa Read More
Tanzania has signed a $2.2 billion contract with Chinese firms to construct a railway from Dar es Salaam to a nickel mine in Burundi. The project aims to enhance nickel …
Tanzania Enters $2.2 Billion Agreement with Chinese Contractors for Railway Development to Burundi Read More