19 May Posted at 14:36h in by admini5ter Milestone moment for Nigeria as Thor pours first gold a Segilola mineBarrick Gold expands exploration portfolio into Egypt after tender winBurundi Government suspends Africa’s only producing rare earths minePositive drill results at Ghana project boost Newcore Gold share priceSouth Africa’s economic COVID recovery knocked by serious civil unrestSoftBank and Smart Africa announce partnership to boost African broadband penetrationB2Gold begins arbitration proceedings against Mali over exploration licenceAustralia’s Fortescue in talks to develop mega hydro project in DRCAfrican CEOs less optimistic on global economic outlook: PwC reportHigher gold prices lift Mali’s gold mining revenue 13% in 2020DRC bans copper and cobalt concentrate exportsNigerian Breweries Plc aims for 70% renewable energy by 2030Invest Africa and Absa Group announce collaboration supporting African business investmentDjibouti ranked Africa’s top port in World Bank and IHS IndexIvanhoe Mines expedites first copper production at Kamoa-Kakula in DRCFortuna Silver Mines turns to West Africa with $884 million Roxgold acquisitionSouth African tech firm partners with UNICEF in global vaccine rollout programmeMTN Group mulling separate listing of $5 billion mobile money businessPerseus Mining reports exploration success at Côte d’Ivoire gold minesOperations commence at DRC’s artisanal cobalt mining enterpriseSouth Africa opens new bidding round for 2.6GW of renewable energy projectsAfrica-focused mining services provider Capital reports 24% earnings rise in 2020Sibanye boss Froneman proposes three-way merger with top South African minersUK-Kenya trade deal to be extended to five additional East African statesEndeavour completes PFS for two advanced gold projects in West AfricaBurundi and Tanzania reveal $1.9 billion railway construction planAltus Strategies acquires new gold exploration licences in EgyptAfrica remains fertile ground for investment, says AfDB presidentLucapa Diamond makes strong start to 2021 with $5.6 million saleRAPPER AKON SIGNS DEAL TO FINANCE COPPER-COBALT MINE IN THE DRCAfrican countries usher in new era of free trade under AfCFTACEO of South African drinks maker Distell promises stronger returns in 2021ICC and Africa investor partner to help digitise five million SMEs in AfricaKenya to recover from COVID-19 economic dip next year, says World BankSouth African mining companies among best performers on JSE: Sunday Times reportEndeavour Mining confirms ‘merger of equals’ talks with Teranga GoldSouth Africa’s Aspen signs vaccine deal with Johnson & JohnsonLiquid Telecom raises $307 million for data centre projects across AfricaEgypt sees 60% rise in foreign direct investment in 2019Mo Farah named ambassador of Djibouti Ports and Free Zones AuthoritySacci urges South African Government to boost economic recovery through reformAfrican CEOs bullish on continent’s long-term economic growth, survey findsThree African start-ups clinch investment sum from US-based Aptive CapitalUganda and Tanzania sign $3.5 billion oil pipeline dealTotal signs security pact with Mozambique for $20 billion LNG projectMali’s gold miners continue to operate as political crisis ensuesMining veteran Roger Dixon honoured with 2020 Brigadier Stokes award by SAIMMDangote Cement says Pan-African operations performed well in H1 2020South Africa’s gold miners buoyed by record bullion pricesCanada’s SNC-Lavalin to sell South African resources businessSouth Africa’s mining minister admitted to hospital with COVID-19Nigeria legalises artisanal mining in bid to earn $500 million a yearSouth African Airways saved from collapse as creditors approve R26.7 billion rescue packageSouth African retailer Massmart raises prospect of 1,800 jobs being cutSasol announces job cuts and end of West African oil operationsSouth African mining output collapses by nearly 50% in AprilHummingbird Resources grows West African gold portfolio with Guinean acquisitionCorporate investment in South Africa’s renewables sector bound up in red tapeGhana increases industrial gold production by 6% in 2019South African Airways asks creditors for extension to business rescue plan deadlineSouth Africa dominates top 10 list of Africa’s most valuable firmsTotal secures $14.4 billion funding for Mozambique LNG projectSouth African airports operator underscores need for R$11 billion of new debt financeSasol targets renewables at South African plant in emissions lowering driveZambia copper exports delayed following Tanzania border closureNigeria extends flights ban by further four weeksSouthern African agricultural exporters at risk due to COVID-19African Continental Free Trade Agreement delayed due to COVID-19 outbreakSouth Africa to reopen key sectors including agriculture, manufacturing and retailNationwide lockdown to cut Gold Fields production in South AfricaSouth Africa Airways to lay off all staff, collapse imminentZambia to revoke mining licence for Glencore subsidiarySaudi Telecom delays $2.4 billion deal for stake in Vodafone’s Egypt unitTotal announces sale of assets in Sierra Leone and LiberiaEthiopia secures PPA worth $800 million for 150MW geothermal plantSouth African rand drops to record low after ratings downgradeMining operations to be ‘scaled down’ as South Africa goes into lockdownSouth African hotelier and ‘visionary’ Sol Kerzner dies aged 84Endeavour Mining employee tests positive for coronavirus in Burkina FasoNigeria to cut budget following global oil price collapseNewmark Hotels adds La Maison d’Été Hotel in Mauritius to portfolioSouth Africa slips into recession again after GDP contraction in Q4Bill Gates warns coronavirus could hit Africa hardestDangote Group becomes first African member company of PMI CouncilRecord $2.8 billion spent on sub-Saharan African renewables projects in 2018Kodal Minerals submits mining licence application for Mali lithium projectSouth Africa records lowest ever mining fatalities in 2019UK pledges £620 million towards African infrastructure projectsMinerals Council urges South African government to address ‘economic crisis’Lucapa sees record year of diamond production from African minesVisa partners with MFS Africa to simplify e-commerce paymentsSouth African Airways facing ‘radical restructuring’ in fight for survivalLSE-listed Rainbow Rare Earths expands into ZimbabweSouth Africa’s Telkom in takeover talks with mobile carrier Cell CVisa eyes $200 million investment in African payments group InterswitchSouth African owner of Starbucks and Domino’s to abandon food businessAustralian engineering group Aurecon to delist African businessMauritius ranked highest of African nations in World Bank Doing Business indexProsus launches audacious $6.3 billion bid to acquire UK food delivery companyBarrick finally reaches agreement with Tanzania over Acacia Mining tax disputeSafaricom pledges to unlock funds for sustainable development through corporate allianceKenya opens second phase of $1.5 billion Chinese-funded railwayTroubled South African Airways in talks with private investorsAfrican Export-Import Bank considers London IPOMara Group opens first African smartphone factory in RwandaCôte d’Ivoire ranked first for global trade growth potential: Standard Chartered indexZambia makes U-turn on sales tax plan in concession to minersMineral resource nationalism in Africa set to rise, finds reportKenya hopeful of sealing post-Brexit trade agreement with UKKenya ranked second leading global business destination by African CEOsNaspers lists consumer internet assets in Amsterdam under name ProsusMalawi sees 5% GDP growth this year and 7% in 2020South Africa set to avoid 2019 recession after improved Q2 performanceMoU signed for Africa’s first hybrid renewable energy plantG7 leaders approve $251 million package for female African entrepreneursNew mining code in Mali removes VAT exemption for minersImproved H2 sales in SA fail to lift Shoprite FY earningsSouth African fund manager PIC sees gold focus shifting to West AfricaMinor drilling outfit Rosond wins big contract with Kumba Iron OreTanzania lifts ban on Acacia gold exports from North Mara mineDiageo to spend £180 million on renewable energy at African sitesAfrican airlines carry 92 million passengers in 2018Resolute Mining grows West African portfolio with $274 million Toro Gold acquisitionFitch reduces South Africa’s debt outlook following Eskom bailout announcementPepsiCo ties up $1.8 billion deal for South Africa’s Pioneer FoodsSouth Africa’s platinum producers see Sibanye wage settlement as benchmarkOver 2,000 jobs at risk as ArcelorMittal SA slips to H1 lossNigeria to join Africa Continental Free Trade AgreementSouth Africa’s Afrimat retracts takeover bid for Universal CoalAt least 41 artisanal miners killed in accident at DRC Glencore mineZimbabwe outlaws use of foreign currencies in bid to relaunch Zimbabwean dollarAirtel Africa to list in London and Nigeria in debt reduction pushGhana officially overtakes South Africa as continent’s largest gold producerSouth African Airways asks for urgent state funding as interim CEO appointedMotsepe’s ARC launches insurance subsidiary African Rainbow LifeLonmin shareholders green light Sibanye’s $286 million takeover bidAcacia shareholders rebuke Barrick takeover bid as Tanzania talks drag onKenyan banks launch mobile lending service for SMEsTotal’s acquisition of Anadarko’s African assets ‘perfectly fitting’, says CEORamaphosa faces early test as platinum miners face off with labour unionsSouth Africa’s Group Five puts units up for sale in rescue planAlphamin starts commissioning Bisie tin mine in DRCGuinea’s power output to rise four-fold in bauxite refining driveKenya’s economy returns to strong growth in 2018Pan-African e-commerce startup Jumia Technologies lists on NYSEWorld Bank cuts 2019 growth forecast for sub-Saharan AfricaNigerian oil firm Oando targets fresh capital raise to clear debtSibanye-Stillwater to explore moving primary listing from Johannesburg20 African tech startups arrive in London for Go Global African programmeSouth Africa’s FDI rises to five-year high in 2018Safaricom strikes deal to use M-Pesa services on Alibaba shopping websiteSouth Africa’s economy expands by 0.8% in 2018Botswana retains spot as best ranked African jurisdiction for miningKenGen and Chinese firm team up for geothermal energy project in EthiopiaMining companies in sub-Saharan Africa advised to invest in renewables: Fitch reportZimbabwe declares flooded gold mine national disaster as 24 bodies recovered150,000 mining jobs at risk over Eskom tariff plans, warns Minerals Council SATotal gives green light to offshore oil project in NigeriaAfrican airlines deliver passenger growth despite turbulent business conditionsRwanda crowned best country for doing business in AfricaBristow eyes resolution to Tanzania dispute as Barrick Gold starts new eraUK offers £100 million to renewable energy projects in AfricaSouth Africa lifts itself out of recession as economy grows in Q3Unearthed Solutions offers African tech firms chance to present at 2019 Mining IndabaEast Africa the strongest performing region for FDI in Africa: EY reportZambia’s business environment must remain stable to aid mining investment, says Australian High CommissionerIvanhoe Mines unearths new copper zones at DRC mining licenseKenya’s President pledges to 100% green energy by 2020Africa’s agribusiness sector to grow to $1 trillion by 2030South African business confidence rises to six month highMining Indaba and IGF host African mining sustainability meeting with key industry organisationsZimbabwe to announce successful bidders of state-owned mining assetsZCDC to start full-scale mining at Eastern Zimbabwe diamond fieldsSafaricom planning to introduce M-Pesa in additional markets by year endConsortium led by Ata Resources makes binding commitment to acquire Universal CoalZimbabwe to support artisanal diamond miners by allocating mining claimsSouth Africa’s Eskom charges into battery storage industryAfrica’s largest wind power project inches towards full operation in KenyaZimbabwe aims to clear $2 billion debt to World Bank within 12 monthsAcacia Mining to seek direct dialogue with Tanzania as dispute drags onSouth African phosphate miner Kropz confirms London listingSafaricom named Africa’s top employer by ForbesHassan Allam to list shares in London and EgyptJSE’s mining index roars back to life in PwC’s latest annual findingsUS hotel brand Marriott International to increase African portfolioSouth Africa finally unveils new regulatory charter for mining sectorRandgold Resources bought by Barrick Gold to create $18 billion companyBitcoin mining company to start constructing wind farm in MoroccoNairobi ranked East Africa’s wealthiest city in new studyArtisanal and small-scale miners gather in Zambia to discuss sustainable developmentSouth Africa falls into recession for first time in nine yearsAcacia Mining loses chairman to rival firm AngloGold AshantiUK Prime Minister pledges to invest £4 billion in African economiesSouth Africa halts nuclear energy expansion plans, favouring renewablesEgypt looking to attract $11 billion in foreign direct investment in 2018/19Hapag-Lloyd sees East Africa as key growth marketSouth Africa’s mining sector pulls out of recession in Q2Ethiopian Airlines in pole position to establish new Nigerian carrierTanzania to build natural gas pipeline to neighbouring UgandaTullow strikes more oil in KenyaSteinhoff to list African retail assets on JSEGE and Ethiopian university partner for renewable energy programmesDP World marks start of 30-year port concession in SomalilandLonmin to move head offices following HY loss
