French mining company Eramet has swiftly announced its plans to resume manganese mining operations in Gabon, signaling a decisive move to restore normalcy following a temporary suspension in the wake of a recent coup. The abrupt decision to halt activities caused Eramet’s stock value to plunge by nearly 17% during Paris’s daily stock market trading. […]

EU Infrastructure Fund Eyes African Clean Jet Fuel Projects The European Union is turning its attention to Africa, seeking to bolster sustainable air travel through clean jet fuel projects as part of its Global Gateway infrastructure fund. With growing demand for eco-friendly aviation, the EU’s strategic move aims to support both the aviation industry and […]

In a move that marks a significant transformation for the global economic landscape, the BRICS alliance is poised to expand its horizons by welcoming six new member nations. The decision was unveiled during the 2023 BRICS Summit held at Johannesburg’s esteemed Sandton Convention Centre on August 24, 2023. This expansion is set to fuel substantial […]

In a significant address, President Dilma Rousseff, the head of the New Development Bank established by BRICS nations, highlighted the institution’s potential in assisting African countries to confront their pressing challenges. During her speech in Johannesburg, the former Brazilian President emphasized the mutually beneficial partnership between BRICS countries and Africa. The New Development Bank, formed […]

In a groundbreaking move, South Africa and China have solidified their energy ties through a series of agreements inked during the BRICS summit held in Johannesburg. The partnership aims to revamp South Africa’s ailing energy sector, which has been grappling with a crippling energy crisis that has cast a shadow over its economy. The agreements, […]

In a groundbreaking move set to redefine the landscape of the African energy sector, Namibia has laid out plans for a monumental $2.1 billion port infrastructure expansion, signaling its determination to harness the newfound potential of its offshore oil discoveries. The project, which has garnered international attention, aims to supercharge the nation’s oil developments and […]

As leaders from the BRICS economic bloc comprising Brazil, Russia, India, China, and South Africa – gather for their 15th summit in Johannesburg, all eyes are on Russia and China, which are aiming to cement their political and economic foothold in the developing world. The summit, scheduled from August 22 to 24, will not only […]

In a groundbreaking move set to redefine the copper export landscape, Ivanhoe Mines has announced a momentous memorandum of understanding (MOU) between Kamoa Copper S.A. and Lobito Atlantic International SARL. This heralds the commencement of exporting Kamoa-Kakula’s copper concentrate through the Lobito Atlantic Rail Corridor, marking a significant milestone in both export logistics and regional […]

Amidst an atmosphere of clarity and purpose, the BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has firmly asserted its dedication to championing the interests of the developing world. The group’s message, delivered by South African diplomat Anil Sooklal at a recent conference hosted by Bloomberg in Johannesburg, resonates with a mission of […]

In a resounding testament to the burgeoning economic relations between South Africa and China, trade agreements worth a staggering $2.2 billion have been inked during the visit of Chinese Commerce Minister Wang Wentao. This landmark development, which unfolded last week, is poised to catalyze a new era of collaborative trade initiatives. The agreements materialized against […]