South African fertiliser company Kropz has confirmed it will list on London’s Alternative Investment Market (AIM) by the end of the month and appointed a former BHP board member as its chairman. The company plans to use funds raised by the IPO to progress its Elandsfontein...
Safaricom has been named as the best employer in Africa by Forbes business magazine in its annual ranking of 500 publicly-listed companies from 60 countries. The annual Forbes Global 2000 list, now in its 16th edition, ranked Safaricom 67th in the world, ahead of South African...
Egyptian construction firm Hassan Allam has announced it will float up to 44.3% of its shares on the London Stock Exchange (LSE) and the Egyptian Exchange (EGX). The company said it intents to use the proceeds of the capital raise to develop a portfolio of solar...
The Johannesburg Stock Exchange’s (JSE) mining index has risen above increasing costs and policy uncertainty in South Africa’s resources sector to outperform the all share index for the first time in a decade. Global accountancy firm PwC’s ‘SA Mine 2018’ report found that in the 12...
Marriott International has revealed plans to build 100 new hotels in Africa over five years, which would boost its portfolio on the continent by 50%. The US multinational hotel brand already has a presence in 21 African countries, but is aiming to expand into new markets...
South Africa has published a revised version of the new charter for the mining sector, which will attempt to reverse the recent decline in the industry and attract fresh investment. The unveiling of the third version of the charter brings to an end a seven-month engagement...
Africa-focused gold producer Randgold Resources has agreed to be bought out by Barrick Gold Corp in a merger deal that will create a US$18 billion gold company – the world’s largest. Under the terms of the mega-deal, Randgold shareholders will own about 33.4% of the merged...
Bitcoin mining company Soluna will begin constructing a 36MW wind farm in Morocco at the start of next year, which could eventually grow to provide 900MW of energy for its operations. The company, formed by New York private equity firm Brookstone Partners, has the rights to...
Nairobi has been named East Africa’s wealthiest city and the sixth richest in Africa, according to a new study by New World Wealth and AfrAsia Bank from Mauritius. The report estimated that there is approximately KES5.4 trillion of privately held wealth in Kenya’s capital, with growth...
The 2018 International Conference on Artisanal and Small-scale Mining & Quarrying (ASM18) kicked off in Livingstone, Zambia yesterday with over 500 people from more than 70 countries gathering to chart a vision for sustainable development in the sector. ASM18 is the largest international gathering of artisanal...