IronRidge bags £12Mn to support gold and lithium projects in West Africa

IronRidge Resources, an Africa-focused minerals exploration company, has announced that it has secured £12 million (nearly USD 17 million) via a subscription for and the placement of, in total 60,000,000 new stakes in the Company priced at 20 pence per share. Reportedly, mining holding giant

Amazon to pump R4 billion to set up new headquarters in South Africa

Expanding its presence into newer markets, U.S. retail giant, Amazon has revealed its plans to infuse real estate investments of over R4 billion for opening its first headquarters in South Africa. According to authorities in Cape Town, Amazon will be setting up a new development in River Club where

South Africa devises expansion strategy for Port of Durban

South African authorities have reportedly devised a USD 7 billion-plan for the modernization of the Port of Durban. The initiative looks to enhance the site’s efficiency and reclaim its standing as Africa’s best-performing port. According to reports, Cyril Ramaphosa, the President of So

FintechOS bags $60 billion funding to expand global footprint

The company will set up new offices in Singapore, Dubai, and the U.S. Funds will also be used to expand its core operations in banking and insurance and advance its low-code self-proposition, and customization through AI FintechOS – a London-headquartered technology provider for banks and

Amazon to open up a new head office in South Africa, creating new jobs

The City of Cape Town has reportedly given permission for the construction of R4 bn (US$ 280 million) River Club mixed-use development, which would be the new headquarters for global tech giant, Amazon, in Africa. The development design plans to create a 150,000 sq. m mixed-use space and will be di

Coca-Cola Beverages Africa plans IPO in Johannesburg and Amsterdam

The IPO will be initiated within 18 months depending on number of factors such as macroeconomic conditions With an aim of focusing its resources on building consumer-loved brands and innovation, Coca-Cola Beverages Africa (CCBA) along with the Coca-Cola Company have revealed plans on registering CC

Swedish EV firm Polestar raises over $550 million in external funding

Polestar, a leading Swedish automotive company owned by Volvo Cars, as well as its parent firm, Chinese automotive firm, Geely, has reportedly announced that it has raised over $550 million in external funding. According to reports, the new financing is supposedly Polestar’s first-ever extern

Twitter to open its first Africa office, posts job listings in Ghana

Twitter, the leading American social networking and microblogging enterprise, has reportedly announced plans to open its first-ever Africa office in Ghana. With this, the social media firm joins the likes of Facebook as well as a number of other tech companies that have started operations to Africa.

Anglo American mulls investor concerns, to spin off coal mines in SA

With coal being one of the key contributors to global carbon emissions, investors in the thermal coal industry have started to raise concerns over the most-polluting fuel. Accelerating its response to investor pressure, global mining company, Anglo American Plc has revealed plans to separate it