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...
Companies
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...
Modernization of Ekok/Mufum Border Post to Enhance Efficiency between Cameroon and Nigeria
The Ekok/Mufum border crossing between Cameroon and Nigeria has been modernized under ECOWAS and ECCAS initiatives in partnership with the...
African Development Bank Allocates $34.8 Million to Strengthen Climate Resilience in Malawi and Zimbabwe
The African Development Bank has approved $34.8 million in grants to bolster climate resilience for vulnerable communities in Malawi and...
Benin, Togo’s Electricity Debt to Nigeria Reaches $5.79 Million
International electricity customers in Benin Republic and Togo owe Nigeria $5.79 million for electricity consumed in the second quarter of...
Stanbic Bank Accused of Wrongfully Withholding $7.2 Million from Air Afrik Aviation
A senior Bank of South Sudan official disclosed that Stanbic Bank withheld $7.2 million from Air Afrik Aviation, citing insufficient...
IMF Reduces Surcharges for Indebted Nations: A Step Towards Economic Relief
The IMF has reduced penalty surcharges for heavily indebted countries like Argentina, Egypt, Ukraine, and Ecuador, resulting in a lower...
