Lucapa Diamond Company has collected US$5.6 million from its first diamond sales of the year, parting with 4,676 carats recovered from the Mothae mine in Lesotho. The diamonds fetched the highest average dollar per carat price achieved by Mothae of any run of mine production parcel,...
A company led by American-Senegalese rapper Akon has signed a deal to help finance a copper and cobalt mine in the Democratic Republic of Congo (DRC), according to a contract published by the mines ministry. The aforementioned document released by the ministry cites a US-registered firm...
After months of delays due to the COVID-19 pandemic, African countries are now trading under the African Continental Free Trade Area (AfCFTA), in a landmark development for trading conditions on the continent. AfCFTA aims to bring together 1.3 billion people in a US$3.4 trillion economic bloc...
The chief executive of South African wine and spirits company Distell has promised the company will deliver higher investment returns next year after a hugely disappointing performance in a COVID-19 ravaged 2020. A government-ordered alcohol ban to prevent the spread of the virus in South Africa...
The International Chamber of Commerce (ICC) and Africa investor (Ai) have joined forces to launch an eTrade initiative to enable the digitisation of five million micro, small and medium-sized enterprises (SMEs) in Africa. Announced at the second Ai Global Trade Organization Leaders’ Summit, the campaign will...
Kenya’s economy is set to return to growth in 2021 following a projected contraction this year due to the COVID-19 pandemic, the World Bank has found. The report said that the coronavirus crisis would cause a 1-1.5% contraction in East Africa’s largest economy, pushing 2 million...
South African newspaper the Sunday Times has published its annual Top 100 Companies of the Year Awards, which has ranked miner DRDGold as the best performing stock on the Johannesburg Stock Exchange (JSE) over the last five years. DRDGold was one of 13 mining companies placed...
Endeavour Mining is currently in ‘merger of equals’ discussions with fellow West Africa-focused miner Teranga Gold, a move that would create a dominant gold producer in the region. TSX-listed Endeavour responded to recent media speculation with an announcement today that confirmed talks were ongoing with Teranga,...
South African pharmaceutical firm Aspen has signed an agreement with Johnson & Johnson (J&J) to manufacture a COVID-19 vaccine following the completion of clinical trials. The vaccine will be manufactured at Aspen’s R3 billion new sterile facility in Port Elizabeth, which has the capacity to manufacture...
African network operator Liquid Telecom has raised US$307 million via a rights issue in order to invest in data centre projects across the continent. Liquid has already built more than 70,000 km of fibre networking across Africa and operates data centres in South Africa, Kenya and...