Eskom Reports R55 Billion Loss, Expects Profit by 2025
South Africa’s state-owned utility, Eskom, posted a massive R55 billion ($3 billion) loss for the fiscal year ending March 2023,…
Category: Business
DRC Files Criminal Case Against Apple Over Alleged Use of Conflict Minerals
The Democratic Republic of Congo (DRC) has filed a criminal case against Apple Inc. over allegations the tech giant used…
IMF Approves $182 Million in Support for Rwanda
The International Monetary Fund (IMF) has approved a new disbursement of $181.7 million to Rwanda following the completion of its…
African Development Bank Approves $108 Million Loan to Support Zambia’s Economic Reforms
The African Development Bank Group’s Board of Directors has approved a $108 million loan to Zambia to improve the country’s…
Cameroon Becomes First Foreign Buyer of Dangote Petroleum
Cameroon has become the first foreign buyer of refined petroleum from the Dangote Refinery in Nigeria. The first shipment, totaling…
McKinsey to Pay $122 Million Fine Over South Africa Bribery Scheme
McKinsey & Company’s African subsidiary has agreed to pay a criminal fine of more than $122 million to resolve a…
Niger Authorities Seize Control of Orano’s Uranium Mine Amid Rising Tensions
French nuclear fuels company Orano announced Wednesday that authorities in Niger have taken control of its Somair uranium mine, escalating…
Nigeria’s Ngozi Okonjo-Iweala Reappointed for Second Term as WTO Chief
Nigerian economist Ngozi Okonjo-Iweala was unanimously reappointed for a second four-year term as Director-General of the World Trade Organization (WTO)…
Mali Reaches $160M Settlement with Resolute Mining Over Tax Dispute
Australian gold miner Resolute Mining has agreed to pay Mali’s military-led government $160 million to settle a tax dispute. The…
Zimbabwe Embraces Climate-Smart Agriculture to Boost Resilience and Innovation
In Zimbabwe’s drought-prone regions, farmers are turning to climate-smart agriculture to adapt to the challenges posed by changing environmental conditions.…