UAE’s IRH Bids $367M for Majority Stake in DRC’s Largest Tin Mine
UAE-based International Resources Holding (IRH) announced last week a definitive agreement to acquire a 56% stake in Alphamin Resources, the owner of the Bisie tin […]
Business
Botswana Braces for Economic Stagnation as Diamond Revenue Plummets
Botswana’s economic outlook for 2025 has dimmed considerably, with officials now preparing to revise growth projections to near zero. The development stems from the prolonged […]
Morocco, UK Sign MoU in Support of 2030 FIFA World Cup Organization
Morocco and the United Kingdom signed, on Monday in Salé, a Memorandum of Understanding (MoU) aimed at supporting the organization of the 2030 World Cup. […]
African airlines struggle for profit amid global aviation boom
Despite a record-breaking year for global air travel, African airlines remain the least profitable worldwide, earning a collective net profit of just $200 million in […]
Angola Seeks to Attract Agricultural Investment at Upcoming U.S.-Africa Business Summit
Angola is positioning itself as a prime destination for agricultural investment ahead of the 17th U.S.-Africa Business Summit, scheduled to take place in Luanda from […]
Morocco Stands as Strategic Catalyst for South-South Partnerships, King Says
Morocco has managed to strengthen its role as a strategic catalyst for South-South partnerships, and to serve as a natural bridge between the continent’s various […]
China shifts EV strategy to Africa amid Western tariffs
Facing rising tariffs in the United States and European Union, China is accelerating its pivot to Africa as the next frontier for electric vehicle (EV) […]
Morocco Hosts Africa’s First UN Tourism Innovation Bureau
Morocco solidified its position as Africa’s tourism innovation hub Friday with the signing of a financial agreement establishing the continent’s first UN Tourism thematic bureau […]
African Development Bank Achieves Historic Capital Growth Under Adesina’s Leadership
The African Development Bank (AfDB) has accomplished an unprecedented capital increase over the past decade, growing from $93 billion in 2015 to $318 billion today, […]
Mozambique Projects Growth in Ruby Output Amid Mining Sector Resurgence
Mozambique projects a 5% increase in ruby production in 2025, expecting to extract over 4.1 million carats. This follows a dramatic 46% surge in 2024, […]