Overview of Base Titanium’s Operations in Kenya Base Titanium, a Kenyan subsidiary of Australia’s Base Resources, has announced its plans to wind down operations in Kwale County, where it manages the country’s largest mining project. Operating since 2013, the Kwale Mineral Sands Project focuses on extracting ilmenite, rutile, and zircon—critical minerals for industries like ceramics, […]
Angola has strategically pivoted in its diamond sector, replacing Russian giant Alrosa with a subsidiary of Oman’s sovereign wealth fund in the Catoca diamond mining company. This development follows mounting international pressure on Angola to end its association with Alrosa, a partnership that was increasingly untenable following Western sanctions on the Russian firm due to […]
President Joe Biden’s visit to Angola on December 4 marks a pivotal moment in his administration’s commitment to enhancing global infrastructure through sustainable development, with the Lobito Corridor at the heart of this strategy. This ambitious $5 billion project exemplifies the U.S.’s effort to counter China’s Belt and Road Initiative (BRI) by investing in infrastructure […]
Kenya’s Special Economic Zones (SEZs) have emerged as critical engines of economic growth, directly creating over 7,000 jobs and contributing KSh 91 billion to the nation’s Gross Domestic Product (GDP) in the last year. These figures, shared by Juma Mukhwana, Principal Secretary for the State Department of Industry, highlight the transformative potential of SEZs in […]
The Ministry of Investment in Jordan has announced an ambitious plan to attract JD1.25 billion ($1.76 billion) in investments in 2025, reflecting a 19% increase from the projected JD1.05 billion by the end of 2024. These objectives are outlined in the draft General Budget Law for the coming year. Central to these efforts is the […]
International cocoa buyers have injected over half a billion dollars in upfront payments into Ghana’s state marketing board, Cocobod, to secure cocoa supplies and mitigate further financial challenges. This shift marks a pivotal moment in Ghana’s cocoa marketing system, following the abandonment of traditional syndicated bank loans in favor of private sector-led financing. The decision […]
Kenya has marked a historic milestone in its economic landscape by hosting its first-ever Mining Investment Conference and Exhibition in 2024. The two-day event, held in Nairobi, brought together a diverse range of stakeholders, including policymakers, investors, artisanal miners, NGOs, and equipment dealers, signaling the country’s commitment to positioning itself as a premier mining investment […]
In a significant move to curb fraudulent activities, the U.S. Securities and Exchange Commission (SEC) has expanded its Public Alert: Unregistered Soliciting Entities (PAUSE) list, adding 20 new firms accused of deceptive practices, impersonations, and misrepresentation. The additions include 14 entities accused of misleading tactics, two firms impersonating legitimate companies, and four posing as fake […]
A Premier Gathering for the Future of African Hospitality The Africa Hospitality Investment Forum (AHIF), Africa’s leading conference on tourism and hospitality investment, is set to host its 13th edition in Cape Town, South Africa, from June 17-19, 2025. This marks the first time Cape Town will host AHIF, reinforcing its reputation as a key […]
Kenya’s Capital Markets Authority (CMA) has approved Safaricom’s second money market product, Ziidi. This new product, set to launch next week, is being developed in partnership with Standard Investment Bank, ALA Capital Limited, and Sanlam Investments East Africa Limited. Ziidi aims to address Kenya’s growing appetite for accessible digital investments, leveraging Safaricom’s extensive mobile network […]
The financial stability of Kenya, a key economic hub in East Africa, has come under scrutiny as the nation's foreign...
In a significant revision to its economic outlook, J.P. Morgan now expects the U.S. Federal Reserve to cut interest rates...
In a landmark development for its economy, Nigeria's crude oil production has officially crossed the 1.8 million barrels per day...
In a major development for Nairobi's urban landscape, the European Investment Bank (EIB), through its specialized development arm, EIB Global,...
