The Democratic Republic of Congo (DRC) produces over 70% of the world’s cobalt, but most of it is refined in China, which also owns several Congolese mines. As U.S.-China trade tensions rise, the DRC ...
Aya Gold & Silver produced 1.65 million ounces of silver from its Zgounder mine in Morocco. The company also completed an expansion project last year, adding a new processing plant to boost production ...
Genmin is gearing up to start iron ore production at its Baniaka mine in Gabon by 2026. According to a 2022 pre-feasibility study, to achieve this goal, the Australian company needs $200 million to ...
Madagascar will benefit from vital treatment for severe and acute malnutrition. The AXIAN Foundation and UNICEF Madagascar launch and initiative to help 5,000 children aged between 6 and 59 months ...
Mining contributed 24% to Mauritania’s gross domestic product (GDP) in 2022, driven by gold and iron ore extraction. Despite the performance, reported by the African Development Bank (AfDB), most of ...
United Bank for Africa (UBA) saw profits from its CFA zone subsidiaries (UEMOA and CEMAC) surge by 166% in 2024, reaching N259.8 billion ($169 million). • The CFA zone now contributes 34% of UBA’s net ...
The Alliance of Sahel States (AES) is imposing a 0.5% tax on imports from outside the bloc to finance its activities. Customs authorities in each country will collect the funds, with exemptions for ...
CMOC Group Limited (CMOC) has announced on March 21st full‑year 2024 results, marking a new chapter of industry leadership with record highs in revenue, profitability, production and sustainability ...
The International Telecommunication Union (ITU) and the European Commission have launched a broadband mapping project to identify connectivity gaps in Africa. • The initiative, covering 11 countries, ...
The West African Development Bank (BOAD) is providing $82.5 million to Niger to stabilize Sonibank, a key public bank facing financial distress. Sonibank has been struggling with liquidity issues and ...
Access to electricity remains a major challenge across Africa. To address this, various initiatives have been implemented to improve access to reliable and affordable power. Nigerian fintech Payhippo ...
The East African Community has approved a roadmap to modernize and unify payment systems across member states. The plan targets faster transactions, lower costs, and better access for people, ...
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