Kenya plans to raise $4 billion by securitising an import levy to extend a China-built railway and is in talks with Etihad Rail to operate freight services on the line, Transport Secretary Davis Chirchir said. Kenya plans to raise $4 billion by securitizing an import levy to fund the Standard Gauge Railway (SGR) extension to…
Across the large and resource-rich African continent, the number of dollar billionaires, people with net worths of more than $1 billion, remains remarkably low. Thom Mpinganjira from Malawi may have just added to this figure. Thom Mpinganjira from Malawi may now be classified as the country’s first dollar billionaire, with his assets exceeding $1 billion.…
The Democratic Republic of the Congo’s (DRC) military is set to significantly boost its ground capabilities with a large shipment of over 100 armoured vehicles from the United Arab Emirates. (UAE) DRC is enhancing its military capabilities with a major acquisition of armored vehicles from the United Arab Emirates. The procurement includes approximately 160 Kasser…
Barrick Mining Corp. shares fell after the Canadian miner booked a $1.04 billion charge tied to the seizure of its vast Loulo-Gounkoto gold complex by Mali’s military junta. Barrick Mining Corp. reported a $1.04 billion charge related to the Malian military junta’s seizure of the Loulo-Gounkoto gold complex. Tensions with Malian authorities over alleged unpaid…
South Africa will present a revised trade deal proposal to Washington on Tuesday, aiming to reduce the 30% tariff that U.S. President Donald Trump imposed on its exports last week. South Africa will present a revised trade proposal to the United States aiming to reduce newly imposed tariffs. The proposal responds to the points raised…
Lower-income countries are paying private lenders three times more than they send to China on external debt, according to new research from UK-based advocacy group Debt Justice. Lower-income countries allocate a significant portion of external debt repayments to private lenders, exceeding amounts paid to China. Research shows that from 2020-2025, 39% of $354 billion external…
