The UK government has announced that an additional £100 million has been made available to fund up to 40 new renewable energy projects in Africa over the next five years. The funds will go towards the Renewable Energy Performance Platform (REPP), which was set up in...
South Africa’s economy grew by 2.2% in the third quarter of 2018, thus lifting the country out of recession after recording a 0.4% contraction in the previous quarter of the year. Latest quarterly data revealed that manufacturing and agriculture were key contributors to South Africa’s better...
Four emerging African technology businesses will be given the opportunity to pitch their innovative industry solutions at the 2019 Investing in African Mining Indaba through Australian incubator firm Unearthed Solutions. Unearthed has partnered with the Mining Indaba to create Startups Unearthed Africa, an online competition aimed...
East Africa has emerged as the strongest performing region on the continent for foreign direct investment (FDI), after recording an 82% increase in FDI projects in 2017. EY Global’s 2018 Africa Attractiveness report found that the region accounted for 30% of the continent’s total new FDI...
The Australian High Commissioner to Zambia has called for a stable business environment to ensure investment continues to flow into the mining sector, following recent government proposals to increase royalty tax on the sector. “For any productive direct investment, the operating environment has to be right,”...
Ivanhoe Mines has announced the discovery of two highly mineralised copper zones from exploration drilling at its Kamoa North prospect area in the Democratic Republic of Congo. The Canadian miner defined two new, continuous corridors of shallow and high grade copper mineralisation at Kamoa North, which...
The President of Kenya Uhuru Kenyatta has revealed a plan to reach 100% clean energy sufficiency by 2020, as part of the East African nation’s pledge to address climate change. Speaking at a roundtable discussion on climate change policies at the Paris Peace Forum, Kenyatta said that...
Prominent leaders, sponsors and lenders within Africa’s agribusiness industry gathered at the Africa Investment Forum, where it was predicted that the sector would grow to reach US$1 trillion by 2030. Various attendees at the event agreed that with Africa’s vast agricultural potential, agribusiness is set to...
South Africa's business confidence rose for a second consecutive month in October, thanks to improving import volumes, vehicle sales and retail sales. The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index rose from 93.3 in September to 95.8 in October, with six...
Mining Indaba and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) brought together a number of major industry organisations on October 17th to discuss the role of communities in shaping the development of Africa’s mining sector. The meeting took place at the IGF’s annual...