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…
Mali’s complicated political terrain has been jolted once more with the alleged arrest of several dozen soldiers, including two high-ranking generals, over the weekend. Allegations emerged of a coup attempt in Mali, resulting in the arrest of several military personnel, including high-ranking officials. The arrests highlight deepening tensions within Mali’s junta led by General Assimi…
The African Development Bank (AfDB) will provide up to $500 million to help finance a new airport in Ethiopia, slated to become Africa’s largest upon completion. The African Development Bank (AfDB) is contributing $500 million to support the construction of a new airport in Ethiopia. This facility, to be Africa’s largest, will feature four runways…
Kenya has invited international development lenders to help finance a $2 billion expansion of Nairobi’s Jomo Kenyatta International Airport (JKIA), just nine months after cancelling a deal with India’s Adani Group following the indictment of its founder in the United States. Kenya plans a $2 billion expansion of Nairobi’s Jomo Kenyatta International Airport. The country…
Zambia has raised concern over a new United States visa policy requiring some of its citizens to pay visa bonds of up to $15000, warning the measure would impose an “unnecessary financial strain” on travellers. Zambia has raised concerns over a new US visa policy requiring certain citizens to pay bonds up to $15,000. The…
Africa’s richest man, Aliko Dangote, the industrial giant whose name is nearly associated with modern Nigerian industry, appears to be on the verge of achieving a significant new milestone. Aliko Dangote’s net worth on Bloomberg’s Billionaires Index is $29.3 billion, with a year-to-date increase of $1.2 billion. Dangote’s wealth has fluctuated throughout the year due…
Chowdeck has raised $9 million in Series A funding to expand into more cities and roll out a quick commerce strategy aimed at speeding up grocery and local market deliveries. Chowdeck raised $9 million in Series A funding to expand its African operations and implement a quick commerce strategy. Leading investors, including Novastar Ventures and…
