Burkina Faso has told West African Resources Limited it plans to raise its stake in the Kiaka gold mine to 40%, up from 15%, in a move that comes as the Australian-listed producer projects a sharp increase in output from its West African operations. Burkina Faso plans to increase its stake in the Kiaka gold…
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Cape Town will receive its first electric bus for MyCiTi network in August, marking a major milestone in Africa’s transition to cleaner public transport as cities seek to cut fuel costs, reduce emissions and modernise ageing transit systems. Cape Town receives first electric bus in August MyCiTi fleet to add 30 e-buses by 2027 Cape…
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Global commodities trader Trafigura has agreed to purchase future gold output from Ghana’s Bogoso-Prestea mine while extending a $65 million financing facility to its owner, Heath Goldfields, in a deal aimed at restarting production at the troubled asset. Trafigura has signed a gold offtake agreement with Heath Goldfields, tied to a $65 million financing package.…
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South Africa has been listed among countries where trust in the United States is declining, with sentiment falling by 21%, reflecting a broader global reassessment of alliances in an increasingly uncertain geopolitical environment. Trust in the United States is declining globally, with South Africa showing a 21% decrease in positive sentiment. Relations between South Africa…
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Tanzania has moved to tighten control over its mining sector, revoking 40 mineral exploration licences in a sweeping enforcement action targeting companies accused of holding assets without developing them. Tanzania revoked 40 mineral exploration licences due to companies failing to develop their assets and violating regulations. The Ministry of Minerals cited issues such as asset…
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The strength of a merchant fleet for African countries might not typically grab headlines, but it plays a critical part in how regions in Africa defend themselves should the need arise. A merchant fleet consists of commercial ships that transport goods globally and can be called into military service in times of conflict. These fleets…
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