The 2024 African Mining Indaba kicked off in Cape Town on Monday, with South African President Cyril Ramaphosa advocating for cooperation to tackle industry challenges. The 30th Investing in African …
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AfricaAFRICA NEWSEastern AfricaEthiopiaSpotlight
Ethiopia’s largest Cement Factory to operate soon
by Editorby EditorEthiopia’s largest cement factory is set to start operating soon. The Lemi National Cement Factory, once completed, will soon begin production according to company officials. The factory, currently under construction …
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AfricaAFRICA NEWSSpotlight
MultiChoice Rejects Vivendi’s Canal Plus’ Takeover Bid
by Editorby EditorMultiChoice Group broadcasting company in South Africa reportedly ended the acquisition talks with Vivendi’s Canal Plus, a French premium television channel, by rejecting its buyout offer. The company also operates …
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FEATURED NEWSSpotlight
2023 Corruption Perceptions Index: Weakening Justice Systems Leave Corruption Unchecked
by Editorby EditorThe 2023 Corruption Perceptions Index (CPI) released today by Transparency International shows that most countries have made little to no progress in tackling public sector corruption. The CPI global average …
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The International Monetary Fund (IMF) slashed South Africa’s economic growth outlook for the year by about half. Initial growth estimates sat at 1.8% for 2024, but the Washington-based lender’s revised …
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AfricaAFRICA NEWSSpotlight
PayPal to Cut Around 2500 jobs as rivals snag market share
by Editorby EditorPayPal Holdings will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of …
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AfricaAFRICA NEWSSpotlight
China issues first development loan under ‘project whitelist’ mechanism – media
by Editorby EditorChina has granted its first development loan under its “project whitelist” mechanism, the country’s official Securities Times reported on Wednesday. The loan worth 330 million yuan ($46 million) to a …
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AfricaAFRICA NEWSSpotlight
Nigeria’s Dangote refinery set to import US crude oil
by Editorby EditorTraders with insider information revealed that Trafigura Group has sold 2 million barrels of WTI Midland to the Dangote refinery for delivery at the end of February, Bloomberg reported. Traders …
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AfricaAFRICA NEWSNewsSpotlight
Blinken tackling U.S. policy weaknesses in Africa
by Editorby EditorAnthony J. Blinken, the U.S. Secretary of State, tour of Cape Verde, Côte d’Ivoire, Nigeria and Angola from Jan. 21-26 to strengthen the relationship between the United States and Africa. …
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AfricaSpotlight
UncutXtra Magazine Unveils Paul Onwanibe, CEO of Landmark as the Front Cover of its 12th Edition
by Editorby EditorUncutXtra Magazine, a leading magazine publication in the business and lifestyle genre has announced the selection of Paul Onwanibe, the visionary CEO of Landmark, as the featured personality on the …