Significant Decline in China’s Bauxite Imports Due to Supply Disruptions in Guinea
China's bauxite imports in September 2024 decreased by 25.68% month-on-month, primarily due to supply disruptions from Guinea caused by weather...
Companies
South African Investor Errol Gregor Targeted in Alleged Bribery Investigation in Ghana
Errol Gregor, a South African investor, has come under investigation for alleged bribery linked to MOGS during his efforts to...
African Tax Authorities Intensify Focus on Cryptocurrency Users to Capture Tax Revenue
Tax authorities in Kenya and South Africa are targeting cryptocurrency users to ensure tax compliance and capture revenue losses from...
Nigeria’s Currency Reforms: A Step Towards Economic Competitiveness
World Bank Chief Economist Indermit Gill stated that Nigeria's currency reforms have positioned the naira as one of the most...
Botswana Diamonds Secures Exploration Rights for Five Kimberlites in South Africa
Botswana Diamonds has obtained a prospecting permit for five kimberlites in the Marsfontein area of South Africa, focusing on the...
Saudi Arabia’s PIF and Ma’aden Eye Major Stake in Zambian Mining Assets Amidst Infrastructure Challenges
Saudi Arabia's Public Investment Fund and Ma'aden are in advanced discussions to purchase a 15% to 20% stake in First...
Koryx Copper Secures $9.67 Million for Enhancing Namibian and Zambian Copper Ventures
Koryx Copper, a Canadian mining company, has raised $9.67 million through a non-brokered private placement aimed at funding its copper...
IMF Chief Calls for Global Unity in Addressing Economic and Geopolitical Challenges
Kristalina Georgieva, the IMF Managing Director, calls for global unity to address economic growth and climate challenges during her address...
SAP Agrees to $220 Million Settlement Over Global Bribery Charges
SAP has settled bribery charges by agreeing to pay over $220 million, following investigations revealing corrupt practices, including using business...
Kenya Pursues $1.5 Billion Loan Negotiations with UAE to Alleviate Financial Strain
Kenya is negotiating a $1.5 billion loan with the UAE at an 8.25% interest rate and a seven-year term, as...
