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South Africa: Implats to Lay Off 3,700 Workers

In February 2024, Anglo American Platinum announced it would lay off up to 3,700 workers due to inflation and operational challenges in South

NuRAN expands African presence with new financing in Cameroon and DRC

NuRAN aims to diversify its funding sources to strengthen and expand its network in Africa. In February, the company announced negotiations for

Endeavour Pours First Gold at Sabodala-Massawa Expansion Project

Sabodala-Massawa is Senegal's largest gold mine. Its owner plans to commission a new processing plant at the site. This year, the firm eyes an output

Cameroon bans Starlink imports ahead of voluntary shutdown

Nigeria Cracks Down on Illegal Mining: Four Chinese Nationals Arrested for Lithium Extraction

Nigeria's mining sector contributes less than 1% to the GDP, despite the country's $700 billion in mineral resources. Illegal mining is a major

Africa's military spending sees sharp rise, fueled by North African arms race

Military expenditures on the continent have surged, with North Africa outpacing Sub-Saharan Africa, driven by the ongoing arms race between Algeria

Ghana approves SpaceX Starlink for satellite Internet services

The National Communications Authority of Ghana (NCA) has approved SpaceX Starlink GH LTD, the local subsidiary of the American company, to provide

Egypt's external debt surges to $168 billion by December 2023

Egypt's financial difficulties have eased in recent months, following the acquisition of $57 billion in funding from international financial

Mali: Hummingbird Resources Earned $37M from Yanfolia Gold Mine in Q1 2024

The price of gold has been steadily rising, surpassing $2,400 per ounce in April 2024. However, not all gold producers are reaping the benefits

Mining: Nigeria revokes 924 dormant permits

Nigeria's mining sector contributes less than 1% to the country’s GDP, a paradox considering the country's mineral resources are valued at $700