BHP Group has invested $40 million in a Tanzania nickel project, UK-based private company Kabanga Nickel said on Monday, the first new bet by the world’s biggest miner in Africa in years. BHP has not been active in Africa since…
SEVERAL shops and goods worth millions of naira have been destroyed by fire at Nguru popular central market in Yobe State. The Chairman of the Nguru Local government council, Madu Kachalla who confirmed the incident to Channels Television said no…
KENYAN President Uhuru Kenyatta inspected the ongoing construction of the KSh40bn (about $350 million) offshore Kipevu Oil Terminal, the largest of its kind in Africa. The construction of the 770-metre-long jetty, currently at 96 percent complete, is wholly funded by…
Through its support for the further development of the renewable energy generation sector in Botswana, the project also contributes to the Mega Solar initiative The Sustainable Energy Fund for Africa (SEFA) (bit.ly/3JQ7ilg), managed by the African Development Bank (www.AfDB.org), has…
CHINA’S Foreign Minister Wang Yi has rejected allegations that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a ‘narrative’ pushed by opponents to poverty reduction. Wang, speaking ahead of touring Beijing-funded…
ETHIOPIA has cancelled its plan to offer a new telecoms licence that would have brought a third company into the market, compete with Ethio Telecom and Safaricom. The Ethiopian Communications Authority (ECA) said in a note to the industry that…
THE Central Bank of Nigeria (CBN’s) total foreign exchange (forex) sales to commercial banks declined to $1.65 billion in August 2021 from $2.05 billion in July. bIt dropped to current new low despite the apex bank’s stoppage of weekly dollar…
CHINA is transforming Kenya and the rest of Africa through infrastructure projects and investments. Many Africans welcome the developments, while others worry about Beijing’s motives and the long-term impact on their countries. With China’s Belt and Road initiative bringing temporary…
THE African Development Bank (AfDB) has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a Special Agro-Industrial Processing Zone. The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness…
‘SO great has this government’s commitment to education been that public expenditure on education has almost doubled from GH¢20.7bn (about $32.4bn) between 2013 and 2016, that is in the Mahama era, to GH¢40.4bn between 2017 and 2020, that is in the…
