Africa's richest man is betting $21bn on oil and fertilizer
Dangote prepares to open one of the world’s biggest crude refineries
Source: timeslive.co.za
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High fuel prices from war in Ukraine may hurt the DRC, IMF warns
Higher commodity costs linked to Russia’s invasion of Ukraine risk slowing down the Democratic Republic of the Congo’s economic recovery from the coronavirus pandemic, the International Monetary Fund warned.
Source: timeslive.co.za
Congo seals deal with Israeli billionaire to recover assets
Companies owned by Gertler, who has been under US sanctions since 2017 for alleged corruption in Congo, control mining and oil licenses throughout the central African nation as well as lucrative royalty streams from some of the world’s biggest copper and cobalt projects run by Glencore Plc and Eurasian Resources Group Sarl. Gertler has denied all corruption allegations and has never been charged with any wrongdoing.
Source: timeslive.co.za