Tag: Africa

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Africa gears up to keep more of the profits from lithium boom

 Lithium-rich African countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries to capture more of the profits of global demand...

Squeezed mining companies face growth dilemma

High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust...

Visa to invest $1 billion in Africa over 5 years to cash in on e-payments boom

Visa Inc (V.N) plans to invest $1 billion over the next five years in Africa to capitalize on the emerging economy's rapid growth in digital payments,...

Exxon to exit Equatorial Guinea amid wider Africa crude phaseout

Exxon Mobil Corp (XOM.N) will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources...

Africa deserves right to use natural gas reserves – AfDB chief

The right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, the president...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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