World’s second-biggest diamond from Botswana sold for $53m
The world’s second-biggest diamond found in Botswana’s mine has been sold for $53 million on Tuesday, the Canadian Lucara Diamond Corporation, which owns the mine, […]
Business
Tanzania seizes British miner’s diamonds
The Tanzanian government has seized British Petra Diamonds’ ores worth nearly $30m amid a government investigation, the company said on Monday. “Petra confirms that a […]
Tanzania: Gold miner Acacia reduces operations, cuts workforce
The Canadian gold miner, Acacia, on Monday, announced that is has reduced operations and cut its workforce in Tanzania, few months after the East African […]
Equatorial Guinea accuses Total of ‘fraud’, demands €73 mln
Oil-rich Equatorial Guinea is demanding about €73 million from French oil group Total over “fraud” in fuel sale between 2010 and 2012, Finance Minister Miguel […]
ECOWAS Membership to Enable Morocco to Act as bridge between Europe & Africa- German Economist
As a member of the Economic Community of West African States (ECOWAS), Morocco would be better able to fulfill its desired role as a bridge […]
Senegal to launch its first internet exchange point, SenIX
Senegalese government plans to launch its first Internet Exchange Point on August 29 in the capital city Dakar, Cheikh Bakhoum, the Director General of the […]
Congo: Prime Minister, Cabinet Resign amid Economic Turmoil
Congo’s Prime Minister Clement Mouamba on Thursday resigned along with the rest of his cabinet, days after veteran President Denis Sassou Nguesso called for new […]
Ghana’s oil production increases by 67%
Ghana’s oil production has increased by 67 percent in the first half of 2017 compared to the same period in 2016, the semi-annual report on […]
Nigeria’s Aliko Dangote to invest up to $50bn in US, Europe
Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $20bn to $50bn in the United States and Europe over the next seven […]
Egypt slashes industrial licensing approval time from 600 to 30 days
Egypt on Sunday issued executive regulations for its Industrial Permits Act, making it a law to slash bureaucracy and decrease the waiting time for new […]