Madagascar mining firm completes first Graphite shipment to global markets
NextSource Materials Inc. has completed its first commercial shipments of SuperFlake graphite concentrate from its Molo Graphite Mine in southern Madagascar.The Molo mine is owned by NextSource Materials Inc., a…
South Africa blocks merger of Vodacom and Maziv
South Africa’s Competition Tribunal has blocked Vodacom’s attempt to buy a majority stake in Maziv, a subsidiary of Community Investment Ventures Holdings (CIVH).Under the deal, Vodacom will take a 30%…
Ghana’s first deepwater Oil Firm begins Well appraisal
Ghana’s first deepwater oil firm, Springfield Exploration and Production Limited, has kicked off appraisal operations on its Afina-1x well in West Cape Three Points Block 2. This development comes three…
Ethiopia economy gets major boost with new credit rating upgrade
Fitch Ratings upgraded Ethiopia's credit rating, citing debt relief and improving economic conditions.The country's rating was upgraded to "CCC+" from "CCC-", joining the Democratic Republic of Congo, Pakistan, Zambia, Gabon…
Moniepoint to scale up payment solutions with $110 million
Nigerian mobile payment platform, Moniepoint has received $110 million from Google and other investors to scale up mobile money transactions across Africa. It got the funds with the support of…
Ethiopia targets key sector growth in new trade deal
During a two-day official visit to Malaysia, Ethiopian Prime Minister Abiy Ahmed met with Malaysian Prime Minister Anwar Ibrahim to discuss expanding cooperation between Ethiopia and Malaysia across several strategic…
Egypt launches first Deloitte innovation hub worth $30 million
Deloitte has inaugurated its first-ever Innovation Hub in Cairo, Egypt, with a significant investment of $30 million over three years. This development marks a strategic milestone for Deloitte, aiming to…
Ghana turns to Dangote Refinery for fuel imports
Ghana could buy crude oil from Nigeria’s Dangote refinery when it reaches capacity and cut back on more expensive exports from Europe, the head of Ghana’s petroleum regulator said on…
Ethiopian shipping line to expand operations with six more carriers
Ethiopian Shipping and Logistics Services (ESL), formerly known as Ethiopian Shipping Lines, is looking to rapidly expand its fleet with six additional carriers to meet demand.The company currently has 10…
Nigeria to strengthen currency financing with new IFC deal
The Nigerian government has signed a new deal with the International Finance Corporation to boost local currency financing in the country. With this deal, Nigeria will get over $1 billion…
