Business and Finance

In a significant move, Resolute Mining, an Australian-based company, has agreed to pay a hefty sum of $160 million to the Malian government in a bid to settle an ongoing tax dispute. This decision comes on the heels of a troubling incident where Mali's authorities detained the company’s CEO, Terence Holohan, along with two other staff members during their trip to Bamako for what was supposed to be routine negotiations with the current regime. As tensions rise, the spotlight on foreign mining operations in Mali grows ever…

A collaborative effort among various firms has welcomed the arrival of the initial set of 275 container wagons, designed to boost the transport capabilities of the Lobito Corridor project. This ambitious railway initiative stretches from Angola's Lobito port, reaching into the Democratic Republic of Congo and extending to Zambia. Unveiled in 2023 as part of the G7 Partnership for Global Infrastructure and Investment, this corridor is backed by both the United States and the European Union. Once fully operational, it…

The task force known as Operation Vala Umgodi, part of the South African Police Service operating in the North West province, has reiterated its plea for illegal miners who remain underground to resurface. Currently, law enforcement is engaged in a tense standoff with a significant number of illegal miners who find themselves stuck in an abandoned mining shaft. In response to the situation, police have effectively sealed off the entry points that these miners use to bring in supplies. As a result, these individuals are now…

Disinformation plays a pivotal role in Russia's hybrid warfare strategy throughout Africa. This tactic aims to bolster Moscow's influence and seize control of the continent's precious resources, as outlined by the Africa Defense Forum (ADF). According to reports, Russia accounts for a staggering 40% of disinformation initiatives across Africa, driven by its so-called "cognitive warfare" approach. This method exploits local grievances and the complex history of colonialism in Africa, cleverly redirecting attention away from…

The European Commission has made the call to let the current fishing agreement between Brussels and Dakar lapse, citing significant issues related to illegal, unreported, and unregulated fishing practices. Jean-Marc Pisani, the EU’s ambassador to West Africa, highlighted that the decision stems from Senegal's lack of adequate measures against these harmful fishing activities. As a result, he noted, European fishing vessels will cease operations in Senegal’s exclusive economic zone starting from midnight on November 17th.…

By the year 2025, Nigeria could see a staggering 33 million individuals grappling with severe food scarcity—almost double the current figures for those in dire need. This dire situation stems from a confluence of economic challenges, soaring inflation, the effects of climate change, and the ongoing violence that plagues the northeastern regions of the country. In the northwest, specifically in Borno, Adamawa, and Yobe, over five million people currently experience acute food insecurity, and the crisis is anticipated to…

In a recent move, the Zimbabwean government has mandated that administrators of WhatsApp groups within its jurisdiction must register and obtain a license from the Post and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ). This development is not just a bureaucratic tick-off; it reflects significant shifts in the country’s regulatory landscape. POTRAZ has set a minimum licensing fee of U.S.$50, but this amount could skyrocket to as high as U.S.$2,500, depending on the group's nature and size. The authorities…

The Earthshot Prize, initiated by Prince William in 2020, stands out as a groundbreaking environmental accolade, striving to tackle the pressing issues of climate change, air pollution, and the decline of biodiversity. This year, Africa has been chosen as the venue for the prestigious Earthshot event, shining a spotlight on the continent's vital role in enhancing climate action and addressing the most daunting environmental challenges that our world contends with today. "When I created the Earthshot Prize, my aim was to…

Leaders from the Common Market for Eastern and Southern Africa (COMESA) are being called upon to engage in crucial conversations aimed at halting the violence in the eastern part of the Democratic Republic of Congo, while also exploring strategies to safeguard civilians caught in the turmoil in Sudan. These discussions are set to unfold at the forthcoming summit in Burundi. "This summit presents a vital platform for African leaders to confront the ongoing crises in Congo and Sudan, among others. They must create tangible,…

This week, leaders from the Commonwealth, a global organization primarily comprised of former British colonies, have convened in the picturesque Pacific island nation of Samoa. After two decades of waiting, it’s Africa’s turn to fill the Secretary-General role. However, the agenda is igniting debate, particularly regarding the contentious topic of reparations. In the spotlight are three contenders fiercely competing for the esteemed position: Ghana's Foreign Minister, Shirley Ayorkor Botchwey; the erstwhile trade and…