Category: Business

Anglo-Australian metals and mining corporation, Rio Tinto has announced that operations at its Richards Bay Minerals (RBM) project based in South Africa, which had been shut down in June after a top manager was murdered, will remain closed despite talks with the government. Intensifying acts of vio

An exhibition focused on African fashion is reportedly set to be held at the Victoria and Albert Museum in 2022 and will attempt to reframe the narrative regarding the continent. As per sources close to the matter, the exhibition will demonstrate its creativity and independence after decades of fals

The Republic of Ghana is reportedly planning to sell green and social bonds for up to USD 2 billion by November this year, making it the first African country to issue debts to fund development programs. Finance Minister of Ghana, Ken Ofori-Atta, was quoted saying that the country seeks to borrow o

Chinese music streaming service Boomplay’s subscriber base is increasing rapidly in Africa, supported by the increased proliferation of its parent company, Transsion Group, in the continent’s smartphone market. Boomplay is reportedly updating its content with the assistance of a promine

South African public power utility, Eskom, has reportedly put forth a plan valued $10 billion in front of the global lenders. As a part of this plan, the largest greenhouse gas emitter in Africa, would shut most of its coal-fired plants by 2050 and shift to renewable energy. A senior official at Es

Amid the increasing scams pertaining to digital currency, South Africa is reportedly moving with high urgency to solidify the supervision of cryptocurrency assets. Kuben Naidoo, CEO of Prudential Authority, South Africa's banking regulator stated that as per a new regulatory timeline, a framewo

Societe Nationale dElectricite (SNEL), the national electricity company of the Democratic Republic of Congo, has reportedly signed two purchase agreements for a total 200-megawatt solar power with a local unit of Financing Access Congo. The China-based Green Power Capital investment has t

Gabon has reportedly become the first country in Africa to get paid to reduce carbon emissions by protecting its rainforest. As per reliable sources, the UN-supported Central African Forest Initiative (CAFI) has extended the first $17 million-tranche to the country as part of a $150 million deal, wh

Unidentified gemstones in South Africa that had compelled thousands of fortune seekers to travel to a remote village to mine the land with shovels and picks were found to be low-value quartz crystals and not diamonds, according to officials. For a while, people from South Africa have been traveling