DRDGOLD, a South African gold producer, has reached a significant milestone in its Vision 2028 expansion strategy by completing the new elution circuit and smelt house at its Far West Gold Recoveries (FWGR) Driefontein 2 (DP2) facility, resulting in the successful production of its first gold bar. DRDGOLD has completed a new elution circuit and…
Canada’s Montage Gold is wasting little time turning its latest acquisition into a future mine, underscoring growing confidence in Côte d’Ivoire as one of Africa’s fastest-growing gold investment destinations. Canada’s Montage Gold has launched a $13.5 million exploration programme to fast-track the Didiévi project into its second producing mine in Côte d’Ivoire. The investment comes…
For Taiwo Akinropo, HeyFood wasn’t born out of a love for restaurants. It began with a fascination for broken systems. After leaving the University of Ibadan, he built HeyFood into one of Nigeria’s leading food delivery platforms, processing more than ₦6.1 billion in transactions. Now, he’s betting on autonomous AI, believing Africa should build—not just…
Nigeria has approved a major tax incentive for Shell Plc’s planned deepwater oil project as President Bola Tinubu’s administration intensifies efforts to revive investment in the country’s struggling petroleum sector. Nigeria has approved a significant tax incentive for Shell’s Bonga Southwest Aparo deepwater oil project, offering a $11.50 rebate per barrel produced. This incentive, over…
Botswana recently received another C-130H Hercules, an American four-engine turboprop military transport aircraft. Botswana received another C-130H Hercules military transport aircraft from the United States, strengthening its airlift capability. The donation marks a significant milestone in US-Botswana bilateral relations and comes through the Excess Defence Articles (EDA) programme. Botswana previously received a C-130H in May…
A trust linked to the family that founded Famous Brands, Africa’s largest restaurant franchisor, has reduced its stake in the company after selling shares worth about $129,000 (R2.1 million), according to regulatory filings. A trust linked to Famous Brands’ founding family has sold shares worth about $129,000 (R2.1 million). The disposal represents less than 0.6%…
For decades, African countries have relied heavily on external powers to secure their borders. African nations have historically depended on foreign technology for border security and defense hardware. Terra Industries, founded in 2024, is a West African startup locally designing and manufacturing drones, surveillance towers, and ground vehicles. Over 70% of Terra’s manufacturing inputs are…
For Damilola Olokesusi, Shuttlers wasn’t born from a single idea. It grew out of years of navigating Lagos’ transport chaos, a family tragedy, and a vision for better mobility. In this edition of Meet the Founder, she shares how she built Shuttlers into a company that has raised over $5 million and completed more than…
Kenya expects a proposed oil refinery backed by Africa’s richest man, Aliko Dangote, to create about 60,000 jobs as the country pushes to establish itself as East Africa’s leading energy hub. President William Ruto says Kenya has reached an agreement with Aliko Dangote to move ahead with a proposed refinery in Lamu. The project is…
