Africa
New Development Bank Provides South Africa with $1 B...
The New Development Bank established by the BRICS group of emerging nations has approved a $1 billion COVID-19 emergency loan to South Africa to help reduce the socio-economic impacts of the pandemic, the Nati...
June 20, 2020
10:46 am By Neha Mule
S. Africa’s Amplats Targets Mines at 75-80% Capaci...
Anglo American Platinum expects to bring its mining production back up to 75% to 80% of capacity by the end of this year as South African mines recover from a forced COVID-19 shutdown, CEO Natascha Viljoen sai...
June 18, 2020
10:00 am By Neha Mule
IMF Approves Additional $111.06 Million to Rwanda to...
The International Monetary Fund said on Thursday it had approved an additional $111.06 million disbursement to Rwanda to address the effects of the COVID-19 pandemic on the country’s economy.
Managing Dir...
June 12, 2020
12:49 pm By Neha Mule
Guinea Signs Simandou Iron Deal with SMB-Winning Con...
Guinea on Tuesday signed an agreement with a consortium for the development of its giant Simandou iron ore reserve, another step towards the realisation of a project which it hopes will bring a $15 billion win...
June 10, 2020
12:09 pm By Neha Mule
South African Miners Seek Return of Foreign Minework...
South Africa’s mining industry is in talks with the government about allowing foreign miners to return to work, the Minerals Council said to Reuters on Thursday, as output ramps up after the easing of corona...
June 4, 2020
4:28 pm By Neha Mule
Ethiopia Passes Supplementary Budget to Help Absorb ...
Ethiopia’s parliament on Friday approved a supplementary budget worth 48.56 billion birr ($1.43 billion) for the financial year ending July to help the economy weather the impact from the novel coronavirus.
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May 29, 2020
2:44 pm By Neha Mule
Eskom CEO Sees Sustainable Future if $25 Billion Deb...
The chief executive of South Africa’s Eskom said on Thursday the state power utility could become financially viable and do without government bailouts if it could more than halve its debt to 200 billion ran...
May 22, 2020
6:15 am By Neha Mule