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30-10-2014 23:52:00 | by: Administrator | hits: 23930449 | Tags:

DFC reaffirms commitment to scaling investment in African infrastructure and critical minerals
28-02-2024 | 20:36:40
Deputy Chief Executive Officer (DCEO) Nisha Biswal traveled to South Africa and Zambia as part of the largest U.S. government delegation to Mining Indaba and the first Lobito Corridor Investors Forum and to deepen DFC’s investments on the continent.
Lifezone Metals announces development plan for the Kabanga Nickel Project in Tanzania
27-02-2024 | 11:04:00
The Company continues to collaborate closely with its project partner on this two-phased development plan, as well as numerous other Definitive Feasibility Study work streams.
United Manganese of Kalahari (UMK) has announced reduction in manganese production
11-01-2024 | 06:04:20
United Manganese of Kalahari (UMK) announced that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being.
Rwanda and European Investment Bank agree new critical raw materials investment partnership
19-12-2023 | 13:06:40
The agreement will strengthen technical and financial cooperation to identify critical raw material sector investment that creates skilled jobs, supports economic development, and ensure environmentally and socially responsible development of critical raw material resources.
How international conflicts shape gold market dynamics
13-12-2023 | 05:45:00
International conflicts, ranging from geopolitical tensions to full-scale wars, have a profound impact on global financial markets, particularly on the gold market.
Gold in Nigeria: From ore to ornamentation
13-11-2023 | 07:15:00
The importance of this entire process to the Nigerian economy cannot be overstated. Each step in the trade gold Nigeria chain contributes to the livelihoods of people involved and the economy as a whole.
Antwerp and Botswana to gather diamond industry in Gaborone for FACETS 2023
26-10-2023 | 07:00:00
The two-day Conference was officially opened by the President of the Republic of Botswana, His Excellency Dr. Mokgweetsi Keabetswe Masisi.
AFC, Solid Minerals Development Fund of Nigeria, and Xcalibur partner to boost Nigeria's geological data capabilities
20-10-2023 | 09:14:00
The collaboration will pursue initiatives that enhance the availability of Nigeria's geological data to interested investors across the globe and design an exploration program for mapping the country's subterranean mineral wealth.
JOGMEC Signed an agreement with 5 African countries to secure critical minerals
30-08-2023 | 13:11:58
Japan has signed agreements with five African countries to explore and extract critical minerals used in high-tech industries.
Tembo Gold announces transformative acquisition and landmark investment from Tanzanian strategic investor
30-08-2023 | 11:44:47
Tembo Gold Corp to announce that it has entered into a Licences Purchase Agreement with Lake Victoria Gold Ltd.
European Union, Germany join forces to boost Rwanda's mining sector
03-07-2023 | 07:18:00
The project is jointly funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and will be implemented by GIZ in cooperation with RMB
The driving forces: Major industries impacting the African economy
10-05-2023 | 06:45:00
Despite the challenges it's facing, Africa is home to some of the world’s fastest economies. With a fast-growing population and a wealth of natural resources, it has become an attractive destination for investors to capitalize on its untapped potential.
[South Africa] Copper producer Copper 360 Limited lists on The Johannesburg Stock Exchange
27-04-2023 | 09:57:55
This is the second company to list on the JSE this year, pushing up the number of listed companies on the bourse to 303 with an overall market capitalisation of R22.76 trillion.
[ChatGPT Biography] Patrice Motsepe, Founder of African Rainbow Minerals
14-03-2023 | 14:56:58
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
[Nigeria Business Week] Andrea Ayemoba: 2022 statistics outline Nigeria's economic status quo
14-03-2023 | 14:56:53
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
[East Africa Business Week] Bob Koigi: Boosting small businesses’ competitivity in the region
14-03-2023 | 14:56:47
Small businesses are the engine of the East African economic growth, employing millions and opening up the member states to interact with each other through seamless trade.
[Column] Cameron Tandy: Mining industry is becoming a steward of sustainability and decarbonization
14-03-2023 | 14:56:28
For a long time, the mining industry was considered a contributor to the problem of environmental sustainability, but now it is increasingly seen as a critical part of the solution.
[East Africa Business Week] Bob Koigi: Region bets on $91.5 million budget to drive economic integration
14-03-2023 | 14:56:13
This week, the East African Community has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91.5 million.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
14-03-2023 | 14:56:05
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[Nigeria Business Week] Andrea Ayemoba: Nigeria enters green market, takes on AfCFTA implementation
14-03-2023 | 14:55:39
The collaboration of government with industries is crucial for economic progress, be the market large or small. Nigeria knows this and is taking steps to work closely and create better transparency in one of the country’s most robust industries.
[Nigeria Business Week] Andrea Ayemoba: National GDP for Q3 sees increase, amid growing economic concerns
14-03-2023 | 14:55:39
The Nigerian Minister for labour recently has affirmed that more needed to be done in order for the employment crisis to be mitigated. He did allow that much has been done, but a lot of action still was required if the problem was to be tackled from the roots.
[Nigeria Business Week] Andrea Ayemoba: Q3 stats show industries thriving, strong investor confidence
14-03-2023 | 14:55:38
Nigeria earns every week its place as Africa’s largest economy. While subject to the typical ups and downs any market is expected to have, its mere size guarantees a general continuity of business operations even in the face of a spiraling inflation trend.
[Column] Tsheko Ratsheko: Environmental stewardship and the mining sector – powering a greener future
14-03-2023 | 14:55:28
Responsible environmental stewardship is about protecting and preserving natural resources for the greater good of all our stakeholders.
[Column[Sammar Essmat: How COVID-19 is pushing MENA companies to embrace flex work
14-03-2023 | 14:55:24
Women in the MENA region have long found it difficult to balance the demands of home, family, and work a major reason why only a quarter of Egyptian women work outside the home.
World Bank: Is Morocco’s Budget Deficit ‘Under Control’?
14-03-2023 | 14:55:17
The coronavirus pandemic had a remarkable effect on Morocco’s economy, as with most countries around the world, so how is their economy now?
[Column] Clean mining gains foothold in Mozambique
14-03-2023 | 14:55:15
Mozambique is well-positioned to take advantage of this market boom, with mining operations already expanding across Cabo Delgado, Gaza, Manica, Maputo, Nampula, Niassa, Tete and Zambezia.
[Rwanda] 550,000 Rwandans to fall into extreme poverty this year – World Bank
14-03-2023 | 14:55:14
Rwanda’s economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction, the World Bank said Monday.
[Column] Shabir Ahmed: Mining sector to fast track automation amid Covid-19
14-03-2023 | 14:54:42
Mining companies have been affected by COVID-19 outbreaks, and global restrictions to encourage social distancing have meant that mining projects have either slowed or been put on hold until further notice.
[SA Business Week] Blockchain to curb Cape Town water issues, taxi operators get a boost
14-03-2023 | 14:53:28
Blockchain technology came into being in the early 2009. This invention was faced with a lot of backlash as most people lacked prior information about it and were therefore not ready to risk investing in it.
[Column] Five roots to Central Africa’s industrialization
14-03-2023 | 14:53:22
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
[Column] Bob Koigi: Mining in Sub Saharan Africa: Bane or blessing?
14-03-2023 | 14:52:41
Sub Saharan Africa is increasingly becoming a mining hub as more countries in the region continue discovering lucrative resources and minerals that have catapulted them to international limelight while seeing numerous investors pitch tent.
South Africa constitution comes to the fore in North African cargo dispute
14-03-2023 | 14:51:47
At first glance, it might seem unlikely that South Africa’s Constitution could be instrumental in deciding a cargo dispute with its roots in a 40-year-long North African territory deadlock.
[Column] Leana Englebrecht: Swaziland Competition Commission requires payment of higher merger filing fees
14-03-2023 | 14:51:42
In Swaziland, mergers are classified as either small mergers or large mergers.
[Column] Betsie Strydom and Wandisile Mandlana: New tax measures to curb abuse of mining rehabilitation funds are a missed opportunity
14-03-2023 | 14:51:39
The National Environmental Management Act, 1998 (NEMA) places the responsibility for remediating environmental damage, pollution or ecological degradation arising from mining operations on mining companies as the holders of prospecting or mining rights.
Digital innovation driving growth and competition in DRC mining sector - Ali Bofulo
14-03-2023 | 14:51:23
Digital innovation is driving transformation within the local mining sector. This shift, according to leading converged ICT solutions provider, iWayAfrica, is driving growth and becoming a key differentiator within the Democratic Republic of the Congo.
New roadmap from IFC and partners outlines net-zero pathways for mining green tech metals
06-02-2023 | 05:07:00
The International Finance Corporation (IFC) launched the Net-Zero Roadmap for Copper and Nickel Mining Value Chains, a new solutions guide aimed at decarbonizing the mining of critical minerals.
Unlocking the Future of African Mining at the Mining Indaba 2023
10-11-2022 | 10:54:00
Investing in African Mining Indaba the world's largest gathering of the most influential stakeholders in the African mining industry, is gearing up to again deliver a record-breaking event that will facilitate greater investment into African mining.
[South Africa] Impala Rustenburg invests in business development hub targeting MSMEs in mining
05-10-2022 | 08:25:14
From this multi-functional venue, Impala Rustenburg will provide SMMEs with services including enterprise and supplier development, assistance with market access and funding facilitation, as well as various shared business facilities.
Kinross completes sale of Chirano mine in Ghana
17-08-2022 | 13:11:19
Kinross Gold Corporation has announced that it has completed the sale of all its interest in the Chirano mine in Ghana to Asante Gold Corporation for a total consideration of $225 million in cash and shares.
Signature du pacte pour la competitivite de l’industrie automobile en Tunisie
21-07-2022 | 10:51:00
La Tunisian Automotive Association « TAA » a annoncé la signature du pacte pour la compétitivité de l’industrie automobile entre le Ministère de l’Industrie, des Mines et de l’Energie sous le haut patronage de la Présidence du Gouvernement Tunisien et le secteur privé représenté par la TAA sous l’égide de l’UTICA
A more competitive private sector could boost growth and jobs in Namibia, World Bank report
14-07-2022 | 10:41:32
The report, the Namibia Country Private Sector Diagnostic (CPSD) , highlights opportunities for Namibia to attract investment and achieve sustainable private sector-driven growth
Kazera Global to acquire majority stake in Kenya's Great Lakes Graphite
28-06-2022 | 13:17:21
Kazera Global announced the signature of Binding Heads of Terms for the proposed acquisition of a 71% interest in Great Lakes Graphite, which owns 100% of 3 exploration licenses covering the Homa Bay and Buru Hill Rare Earth Elements in Kenya.
Kenya’s growth expected to slow in 2022 due to ongoing drought and Ukraine crisis, World Bank report
08-06-2022 | 15:19:00
Kenya’s real gross domestic product (GDP) is projected to grow by 5.5 percent in 2022 and 5.2 percent on average in 2023–24. This growth rate, while still strong, will be a moderation following a remarkable recovery in 2021 from the effects of the pandemic.
IFC, U.N. to support stock exchanges in advancing SDGs and climate efforts
20-05-2022 | 10:26:00
IFC and the United Nations Sustainable Stock Exchanges (UN SSE), announced an expanded partnership to support stock exchanges and companies in emerging markets in addressing sustainability-related issues.
RDC réitère son engagement pour la transformation locale de ses minéraux
12-05-2022 | 10:04:00
La RDC a réitéré cette semaine à la conférence Mining Indaba 2022 de son engagement pour la création d’une chaine de transformation locale de ses minéraux et appeler à davantage d’investissements étrangers.
Kodal Minerals lève 3,7 millions de dollars pour faire avancer le projet de lithium Bougouni
09-05-2022 | 09:02:00
Au Mali, le projet de lithium Goulamina a attiré les projecteurs ces derniers mois, grâce notamment à l’arrivée d’investisseurs chinois prêts à financer la construction et la mise en service de la mine.
One tonne of African gold is expected to be exported to Turkey by Hacıoğlu Gold Mining.
28-04-2022 | 14:20:00
Hacıoğlu Gold Mining has announced that it will begin field research in addition to gold collection activities in the area.
Une tonne d'or africain devrait être exportée vers la Turquie par Hacıoğlu Gold Mining.
25-04-2022 | 12:14:00
Hacıoğlu Gold Mining a annoncé qu'elle allait commencer des recherches sur le terrain en plus des activités de collecte d'or dans la région.
World Bank injects GH¢28m into Ghana's SME operations
28-02-2022 | 12:12:58
The World Bank has injected GH¢28 million grants into the operations of 400 small and medium enterprises (SMEs) to support their recovery from the COVID-19 pandemic.
Tanzania, World Bank sign $650m credit pacts for education and land
22-02-2022 | 12:02:00
The government of Tanzania and the World Bank have signed two concessional loan agreements worth $650 million (about Sh1.501 trillion) for the improvement of education and land administration systems.
[Ghana] Government kicks off $103.4m project to restore landscapes, mining sector
16-02-2022 | 11:02:00
The Ghana Landscape Restoration and Small-Scale Mining Project has been launched by the government to strengthen the integration of the country’s natural resource management.
Egypt unveils plans for investments in its mining sector
10-01-2022 | 11:02:00
Oil Minister Tarek El Molla is on the record as saying he wants to increase mining’s contribution to GDP tenfold by 2026, and in order to achieve this the ministry is to aid the sector’s transformation into a lucrative investment spot.
[Tanzania] World Bank approves $150m to aid land systems
28-12-2021 | 11:04:00
The World Bank has approved $150 million in financing to strengthen Tanzania’s land administration system and increase tenure security for at least two million land holders, users and their families.
Vale sells its Mozambique coal assets for $ 270 million
23-12-2021 | 09:38:52
The Closing of the transaction is subject to the satisfaction of customary conditions precedent, including the approval of the Ministry of Mineral Resources and Energy of Mozambique.
Golden Star announces receipt of Ghanaian Regulatory approval for Chifeng acquisition transaction
29-11-2021 | 11:26:55
Gold mining company Golden Star Resources Ltd has announced that the Ghanaian Ministry of Lands and Natural Resources has informed Chifeng Jilong Gold Mining Co., Ltd
B2Gold sells Burkina Faso projects to West African Resources
27-10-2021 | 09:17:00
The closing of the Kiaka Transaction is subject to certain customary conditions, including completion of a transaction between WAF and GAMS-Mining F&I Ltd.
Caledonia Mining enters agreement to acquire Maligreen project in Zimbabwe
29-09-2021 | 09:58:00
Caledonia Mining announced it has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district in the Zimbabwe Midlands, from Pan African Mining.
World Bank approves $103.4m to help reverse land degradation in Ghana
01-09-2021 | 07:44:00
The World Bank approved $103.4 million for Ghana to reverse land degradation and strengthen integrated natural resource management in about 3 million hectares of degraded landscapes.
Red Rock drill programme commences at Central KKM Gold Prospect in Kenya
17-08-2021 | 11:46:32
Red Rock Resources announced that following the recent receipt of all permits, the Company is now beginning the reverse circulation (RC) drill programme at the Central KKM Gold Prospect, the central part of the Mikei Gold Project in Kenya.
Energy Recovery ships PX technology to desalination plant in Morocco
12-08-2021 | 11:53:58
Energy Recovery, the company that harnesses reusable energy from industrial fluid flows and pressure cycles, announced it has shipped its Pressure Exchanger (PX) Q300 energy recovery devices for a mega-scale desalination plant in Morocco.
[Ghana] Asante Gold acquires Bibiani Gold Mine from Resolute for $90m
11-08-2021 | 11:41:00
Resolute Mining announced it has agreed to sell its interest in the Bibiani Gold Mine to Asante Gold for total cash consideration of $90 million.
Rio Tinto signs renewable energy agreement in Madagascar
28-07-2021 | 13:03:00
Rio Tinto has signed a power purchasing agreement for a new renewable energy plant to power the operations of its QMM ilmenite mine in Fort Dauphin, Southern Madagascar.
Vedanta Zinc adds new product line to expand its Black Mountain operations in South Africa
27-07-2021 | 10:51:23
Vedanta Zinc International (VZI) announced it has started a new Iron Ore product line this year to scale up iron ore production at its Black Mountain Mine (BMM) operations in Aggeneys, Northern Cape, South Africa.
IronRidge partners with Piedmont for lithium production in Ghana
07-07-2021 | 15:41:00
IronRidge Resources entered a conditional binding agreement with Piedmont Lithium to fully fund and fast track the Ewoyaa Lithium Project, part of the Company's Ghanaian Cape Coast Lithium Portfolio (CCLP), to production.
DGCX signs MoU with Financial Markets Regulatory in Sudan to strengthen the gold market in Africa
28-06-2021 | 12:12:00
The agreement will see the DGCX and FMA collaborate on areas of mutual benefit, foster collaboration, and exchange knowledge around gold trading.
[Maroc] OCP S.A. procédé avec succès à une nouvelle emission obligataire Internationale pour 1,5 milliard USD
14-06-2021 | 08:48:00
Conformément à l’autorisation de son Conseil d’Administration ainsi que de l’Assemblée Générale, OCP S.A. a annoncé avoir procédé avec succès à une émission obligataire sur les marchés internationaux pour un montant total de 1,5 milliard USD.
[South Africa] Afrimat acquires Gravenhage manganese mining right to further strengthen diversification
25-05-2021 | 10:17:00
Afrimat, an open-pit mining Company providing industrial minerals, commodities, and construction materials, announced the acquisition of the Gravenhage manganese mining right and associated assets in the Northern Cape, South Africa.
Ivanhoe pledges net-zero greenhouse gas emissions at Kamoa-Kakula Copper Mine in DRC
20-05-2021 | 09:38:00
Ivanhoe Mines announced it has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo.
Seriti Resources to conclude acquisition of South32 coal assets in South Africa
20-05-2021 | 09:14:52
Coal mining company Seriti Resources confirms that all conditions precedent to its acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC) have been fulfilled, and the sale is expected to be completed on 1 June 2021.
Centamin awards Giza Systems EPC contracts for Sukari gold mine solar power plant in Egypt
19-05-2021 | 13:20:00
Mining company Centamin has awarded juwi and Giza Systems the engineering, procurement and construction (EPC) contracts for its 36 MW solar farm and 7.5 MW battery-energy storage system at the Sukari gold mine, Eastern Desert in Egypt.
GoldStone commences mining and ore stacking at the Homase mine in Ghana
14-05-2021 | 09:10:00
GoldStone Resources announced that mining and ore stacking at the Homase Mine within its Akrokeri-Homase Gold Project (AKHM), in Ghana has commenced with the first mined ore having been successfully stacked onto the heap leach pad.
[South Africa] Exxaro partners with SAICA ED to enhance financial management systems
13-05-2021 | 14:10:36
Exxaro’s Enterprise and Supplier Development (ESD) initiative announced a collaboration with SAICA Enterprise Development (SAICA ED), to implement Financial Excellence Programme to allow the mining company’s suppliers enhance financial management systems.
World Bank, Republic of Congo sign agreement to reduce carbon emissions, preserve forests
12-05-2021 | 08:10:00
The Republic of Congo signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), that will unlock up to $41.8 million for reducing emissions from deforestation and forest degradation and increasing carbon sequestration.
Swedish engineering company Sandvik to acquire South African screens and feeders manufacturer Kwatani
11-05-2021 | 13:52:18
Sandvik signed a deal to acquire the South African based company Kwatani, the supplier of screens and feeders for the mining industry.
[South Africa] Kgatelopele Lime acquires PPC Lime for $39.1m
11-05-2021 | 09:05:00
PPC and Kgatelopele Lime announced they have reached an agreement for the sale of PPC Lime to Kgatelopele Lime for $39.1million.
Gold Fields gives green light for construction of solar plant at South Deep mine in South Africa
07-05-2021 | 08:42:38
Gold Fields Board of Directors gave the green light for the construction of a 40MW solar plant at the South Deep mine in South Africa. This follows the granting of a licence by the National Energy Regulator of South Africa in February this year.
Galiano Gold acquires 100% of exploration properties in Mali
06-05-2021 | 16:06:00
Galiano Gold announced it has acquired 100% of ABG Mali Exploration SARL (ABG Mali) from a subsidiary of Barrick Gold for consideration paid of $1.5 million.
Galiano Gold commences exploration work on wholly owned Asumura property in Ghana
06-05-2021 | 15:56:56
Galiano Gold announced that exploration work has commenced on its 100% owned Asumura property in Ghana.
Centamin awards Sukari Gold Mine contracts to juwi AG and Giza Systems in Egypt
05-05-2021 | 09:19:20
Centamin announced it has awarded the engineering, procurement and construction contracts for the 36MW solar farm and 7.5 MW battery-energy storage system at the Sukari Gold Mine (the Sukari solar plant) to juwi AG and Giza Systems in Egypt.
Woolpert selected to provide topographic map of quarter of Nigeria for MinDiver project
29-04-2021 | 08:31:00
Woolpert has been selected to collect, process and deliver topographic mapping across more than one-quarter of Nigeria, or roughly 258,000 square kilometers, under a $4.4 million contract with the Ministry of Mines and Steel Development.
ITFC, Cameroon sign a $750 million agreement to support key sectors
13-04-2021 | 11:05:30
Through this framework agreement, ITFC will also be extending its support to SMEs and private sector through financing facilities to local banks and financial institutions.
Anglo American demerges South Africa thermal coal operations
12-04-2021 | 17:11:00
Anglo American announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021.
MENA economies face rapid accumulation of public debt, strong institutions will be key to recovery, World Bank
06-04-2021 | 10:52:00
The COVID-19 pandemic exacerbated long-standing development challenges in the Middle East and North Africa (MENA) region, contributing to a rise in poverty, a deterioration of public finances, an increase in debt vulnerabilities.
Sub-Saharan Africa poised for recovery amid recession, World Bank
31-03-2021 | 09:26:00
The economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic.
MIGA issues guarantees to support pre-construction study of iron ore mining project in Guinea
17-03-2021 | 09:15:58
MIGA is planning to issue guarantees of up to $130.5 million to High Power Exploration (HPX) of the United States for investments into the pre-construction study phase of a high-grade, open-pit iron ore mine in Mount Nimba, southeastern Guinea.
World Bank add funding to the regional Off-Grid electricity access project to promote solar products in Africa
15-03-2021 | 09:18:00
The World Bank’s Board of Executive Directors approved a total of $22.5 million in additional financing in the form of grants from the International Development Association (IDA) and the Clean Technology Fund (CTF) to support the development of the market for stand-alone solar products in Western and Central Africa.
Mozambique’s economy growth expected to rebound by 2022, World Bank
05-03-2021 | 07:57:00
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path of the COVID-19 pandemic.
NERSA approves 40MW solar plant generation licence for mining operations in South Africa
03-03-2021 | 13:37:16
The National Energy Regulator of South Africa (NERSA), approved the issuing of a generation licence to GFI Joint Venture Holdings Proprietary and Gold Fields Operations, to operate a 40MW solar photovoltaic (PV) plant.
[South Africa] Sibanye-Stillwater enters battery metals sector through investment agreement with Keliber
24-02-2021 | 15:19:07
Sibanye-Stillwater entered into an investment agreement with Keliber, expected to be implemented in March 2021, subject to the approval by the South African Reserve Bank.
Minbos raises funds to accelerate Cabinda phosphate project in Angola
22-02-2021 | 09:25:36
Minbos Resources announced it has received firm commitments from sophisticated investors to subscribe for a placement of approximately 91.25 million fully paid ordinary shares (Shares) in the Company.
IFC appoints Makhtar Diop as Managing Director and Executive Vice President
19-02-2021 | 06:00:00
World Bank Group President David Malpass has announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group.
Gemcorp, ENDIAMA enter joint-venture partnership to develop diamond project in Angola
11-02-2021 | 07:53:00
Gemcorp, an emerging markets trade and investment group, and ENDIAMA Mining have entered into a joint venture agreement to develop the Mulepe diamond deposit in Lunda Norte, Angola.
COVID-19 pushes Rwanda into recession, severely impacts human capital
09-02-2021 | 09:59:00
The Rwandan economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction.
World Bank approves $500m to improve electricity access in Nigeria
08-02-2021 | 16:29:00
The World Bank approved $500 million to support the government of Nigeria in improving its electricity distribution sector.
Madagascar, World Bank sign agreement to reduce poverty, deforestation and carbon emissions
08-02-2021 | 16:20:00
Madagascar signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), unlocking up to $50 million for efforts to reduce carbon emissions from deforestation and forest degradation between 2020 and 2024.
Endeavour sells 85% interest of its non-core Agbaou mine in Côte d’Ivoire
25-01-2021 | 15:47:00
Endeavour Mining has entered into an agreement to sell its 85% interest in its non-core Agbaou mine in Côte d’Ivoire to Allied Gold Corp for a consideration of up to $80 million.
[Zambia] Glencore signs contract to sell 73% of underlying stake in Mopani for $1.5b
20-01-2021 | 14:13:00
Glencore announced that its subsidiary Carlisa Investments, in which Glencore holds 81.2% of the shares, has signed an agreement with ZCCM Investments to transfer its 90% interest in Mopani Copper Mines.
Global economy to expand by 4% in 2021, vaccine deployment and investment key to sustaining recovery, World Bank
06-01-2021 | 10:17:00
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.
World Bank, IFC report provides roadmap for stronger private sector-led growth in Egypt
23-12-2020 | 07:46:00
Egypt could unleash economic growth and create more and better jobs by addressing constraints to private sector activity, according to a report published by the World Bank Group.
Pan African Resources, juwi South Africa partner for construction of solar photovoltaic plant at Evander Mines
17-12-2020 | 09:11:00
Pan African Resources has entered into an engineering, procurement and construction agreement with juwi South Africa to construct its 9.975MW solar photovoltaic plant at Evander Mines.

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