Rio Tinto’s South African mining operations to remain inoperative

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 gover

‘Africa Fashion’ to feature 250 objects to tell the continent’s story

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 in

Ghana reveals plans to issue African social bonds for USD 2 billion

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,

Transsion’s music streaming app Boomplay expanding rapidly in Africa

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

South Africa's state utility Eskom seeks $10B to shift to renewables

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

South Africa to build stringent regulatory framework for crypto assets

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 banki

SNEL inks a deal to install 200 MW solar fields in Congo's copper belt

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.

Gabon to be first African nation to be paid to protect its rainforests

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

Mysterious diamonds unearthed in South Africa revealed to be Quartz

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.

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