South Africa’s Harmony Gold has advanced its international expansion plans with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. Harmony Gold, a leading South African gold producer, is pursuing international expansion by acquiring Australia’s MAC Copper for $1.08 billion. Existing shareholders of MAC Copper have approved the deal, bringing it closer to…
Communities in Zambia impacted by a major chemical leak in February this year are asking for a combined $420 million in compensation from the Chinese state-owned firm that caused the tragedy. Victims in Zambia are seeking $420 million in compensation from a Chinese state-owned company following a chemical leak. Two legal groups have issued claims…
Africa’s energy sector is gaining speed in 2025, as nations across the continent announce large oil and gas finds, issue new exploration licenses, and undertake ambitious surveys to extract unexplored reserves. The latest development in this lineup includes an oil exploration licensing agreement between the Congo Republic and Qatar. Africa’s energy sector is experiencing growth…
As Donald Trump imposes wide tariffs on imports from Africa, raising taxes by 10% on all imports and up to 50% for some nations, two East African neighbors, Uganda and Kenya have opted to take a different approach. Donald Trump imposed significant tariffs on imports from Africa, ranging from 10% to 50%. Kenya and Uganda…
Nigeria’s Dangote Refinery has for the first time sourced crude oil from Ghana, in a move that reflects its diversification strategy as the $20 billion project works to stabilize output and silence speculation over technical setbacks. Dangote Refinery in Nigeria has begun sourcing crude oil from Ghana to diversify its supply chain. The refinery is…
The Nigerian entertainment industry has grown from a small, resource-constrained sector to a worldwide powerhouse. The Nigerian entertainment industry has evolved into a global force, encompassing music, cinema, and digital content. Afrobeats, originating from West Africa, is Nigeria’s most significant cultural export, shaping global trends in music. Prominent Nigerian artists like Burna Boy, Wizkid, and…
A growing number of Nigerian citizens are finding themselves locked out of the United States, despite holding valid visas that were issued months or even years ago, as visa denials quietly mount. A number of Nigerian citizens with valid U.S. visas are experiencing sudden revocations without warning. The U.S. Embassy in Nigeria has annulled visas…
South African container ports have set a new operational milestone, moving a record 18,689 twenty-foot equivalent units (TEUs) in a single day during August, the highest daily volume recorded since the pandemic. South African ports set a daily operational milestone by moving 18,689 TEUs in August. The Southern African Association of Freight Forwarders highlighted this…
