TSXV-listed explorer Newcore Gold has seen its share price rise after yesterday announcing results from a 66,000 metre drill programme at its 100%-owned Enchi Gold Project in Ghana, West Africa. The programme targeting the Boin Gold deposit intersected the highest grade interval recorded to date on...
The South African rand has hit a three-month low and stocks of property firms and retailers dropped as much as 7% in a single day, following the nation’s worst civil unrest in years which has resulted in more than 70 deaths. Rioting initially linked to...
SoftBank Group and Smart Africa Alliance have signed a Memorandum of Understanding (MoU) focusing on new ways to provide affordable and accessible internet connectivity to Africa’s underserved regions and to bridge the digital divide on the continent. Through various projects and activities, Smart Africa – an...
B2Gold has begun international arbitration proceedings against the Republic of Mali, relating to its Menankoto exploration permit around 20 kilometres North of the Fekola Mine licence area. The action, which is being undertaken via B2Gold’s Malian subsidiary Menankoto SARL, argues that Mali breached its obligations to...
Australian mining giant Fortescue Metals Group has revealed it was in talks with the government of the Democratic Republic of Congo (DRC) to develop a hydroelectric power project that would become the largest in the world. In a filing to the Australian Securities Exchange (ASX), Fortescue...
A new survey on CEOs around the world has shown that African CEOs are generally optimistic about the global economic outlook, although less so than their counterparts elsewhere in the world. PwC's 24th annual Africa Business Agenda report found that 68% of CEOs in Africa believe...
State revenue from gold mining companies in Mali rose 13% in 2020 year-on-year to US$850 million, as a result of the gold price reaching record highs during the height of the COVID-19 pandemic. Strong demand for the ‘safe haven’ metal during the crisis pushed the spot...
The Democratic Republic of Congo (DRC) has reportedly banned the export of copper and cobalt concentrate, just days after Ivanhoe Mines’ large-scale Kamoa-Kakula project commenced production. Data provider Fastmarkets said it confirmed with three companies operating copper and cobalt mines in the DRC, who had each received...
Nigerian Breweries Plc has revealed plans to achieve 70% renewable energy usage by 2030, as the company seeks to reduce the carbon footprint of its production plants across the country. The clean energy target was disclosed by the brewery’s managing director Jordi Borrut Bel during the...
African markets investment platform Invest Africa and South African financial services firm Absa Group have unveiled a strategic partnership aimed at supporting the development of business and investment across Africa. The collaboration combines Absa’s position as experts in providing a gateway to opportunities in Africa with...