Resource Digest - Mining and Industry Magazine -

Weir Group Lands £25 Million Contract for Advanced Separation Technology in Morocco

October 13, 2024
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On September 30, 2024, The Weir Group PLC announced a substantial £25 million contract to provide energy-efficient separation solutions for the OCP Group’s Benguerir and Louta greenfield phosphate projects in Morocco. This contract includes the supply of advanced WARMAN® slurry pumps and CAVEX® hydrocyclones, aimed at supporting the construction of the Louta project and tripling production at the Benguerir site. Jon Stanton, CEO of Weir, emphasized that the contract signifies a strong endorsement of their technologies, which are designed to enhance productivity while meeting sustainability goals. With an impressive projected mine life of over 100 years, this collaboration positions Weir as a key partner in Morocco’s phosphate mining future.

Strengthening Africa’s Critical Mineral Sector: Major Investments Fueling Economic Growth

October 13, 2024
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In September 2024, the Industrial Development Corporation of South Africa (IDC), along with the Development Bank of Southern Africa (DBSA) and Tanzania’s CRDB Bank, announced a significant $179 million investment in Tanzania’s Mahenge Graphite Project. This financing aims to capitalize on the growing demand for energy transition metals, positioning Tanzania as a key player in the global market with an output of 347,000 tons per annum. The funding reflects a broader trend of African nations seeking to reduce reliance on foreign financing while gaining greater control over mining projects. As regional financial institutions bolster support for critical mineral initiatives, the upcoming Critical Minerals Africa (CMA) 2024 summit will explore innovative investment opportunities and local financing mechanisms, highlighting Africa’s vast potential in the critical minerals sector.

Battery-powered Equipment: Wacker Neuson’s Zero Emission Solutions

October 13, 2024
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Wacker Neuson is leading the charge in sustainable construction with its extensive lineup of battery-powered equipment. From electric internal vibrators to versatile electric rammers and vibratory plates, these machines offer robust performance while adhering to strict noise and emission guidelines. The AS50e battery-driven rammer is perfect for compacting soil in confined spaces, while the APS1135we vibratory plate excels in urban environments. Wacker Neuson’s electric excavators and dumpers combine power and precision, ensuring efficient operation without emissions. With a unified battery and charger system across all models, Wacker Neuson empowers construction professionals to embrace greener practices and build the zero emission construction sites of tomorrow—today.

Lucara Diamond Corp. Unveils Impressive 1,094-Carat Diamond from Botswana

September 29, 2024
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Lucara Diamond Corp. has successfully recovered an extraordinary rough diamond weighing 1,094 carats from its Karowe Mine in Botswana. This remarkable find follows the earlier discovery of a 692-carat diamond, which was polished by HB Antwerp and sold for over US$13 million. The new diamond will also be polished by HB Antwerp, continuing their partnership.

As the sixth diamond exceeding 1,000 carats recovered by Lucara, this discovery highlights the company’s ability to unearth large, high-value stones from the South Lobe of the Karowe Mine. William Lamb, President and CEO, emphasized that this recovery underscores Karowe’s potential and reinforces the company’s position in the high-end diamond market.

Akobo Minerals Announces Major Milestone in Segele Mine Development, Moving Towards Full-Scale Ore Extraction

September 29, 2024
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Akobo Minerals has achieved a significant milestone in the development of its Segele mine with the completion of the crosscut between the Western and Eastern tunnels. This critical infrastructure enhances operational efficiency and safety, allowing the team to transition from development to stoping activities. The crosscut improves ventilation and provides a secondary exit route, boosting worker safety.

As the company prepares to extract high-grade ore from the richest section, Stope 01, discussions among stakeholders reflect optimism for increased production and financial stability. The mining community is closely monitoring these developments, anticipating a transformative phase for Akobo Minerals as it positions itself for significant growth in the region’s mining sector.

Africa Adaptation Acceleration Program Wins Top NDC Adaptation Investment Award for Groundbreaking Climate Efforts

September 29, 2024
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The Africa Adaptation Acceleration Program (AAAP) has been awarded the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards. Launched by the African Development Bank and the Global Center on Adaptation, AAAP aims to mobilize $25 billion by 2025 to drive climate adaptation projects across Africa, focusing on infrastructure, food security, and youth entrepreneurship. The program has already raised over $9 billion and is transforming lives in 41 countries.

Mission 300: A Global Coalition’s Ambitious Plan to Electrify 300 Million Africans by 2030

September 29, 2024
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Ahead of Climate Week NYC, a global coalition of organizations, including the Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL), and The Rockefeller Foundation, launched “Mission 300” to bring electricity to 300 million Africans by 2030. The initiative, supported by the African Development Bank and World Bank, aims to mobilize private sector financing and technical assistance across 11 African nations, transforming energy access and fostering economic growth across the continent.

Diamond Beneficiation Project to Empower Indigenous Communities

September 14, 2024
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The Aboriginal Business Forum of South Africa (ABFSA) is set to transform the economic landscape of Kimberley with a new diamond polishing and jewellery-making factory. This initiative, aimed at benefiting marginalized Indigenous communities in the Northern Cape, was solidified this week with a memorandum of understanding signed in Namibia. ABFSA CEO Vernon Mostert emphasized that the project will not only create jobs and provide skills training but also help preserve Indigenous cultures and languages. The collaborative effort, involving the Indigenous Peoples Businesses Forum and Ministry of Trade representatives, marks a significant step towards local empowerment and economic justice.

Harnessing Sub-Saharan Africa’s Critical Mineral Wealth

September 14, 2024
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In this groundbreaking study, Wenjie Chen, Athene Laws, and Nico Valckx delve into [insert topic], offering fresh insights and comprehensive analysis. Their collaborative research highlights [insert key findings or themes], providing a valuable contribution to the field of [insert field]. This work not only advances current understanding but also sets the stage for future exploration and innovation.

Atlantic Lithium Secures Environmental Permit for Ghana’s First Lithium Mine

September 14, 2024
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Atlantic Lithium Limited has received an environmental permit from Ghana’s Environmental Protection Agency (EPA) for its Ewoyaa Lithium Project, marking a pivotal step towards establishing Ghana’s first lithium mine. The permit, following extensive community engagement and regulatory review, clears the way for the project’s advancement. Atlantic Lithium’s Executive Chairman, Neil Herbert, hailed the approval as a major milestone in the development of Ghana’s lithium industry, which is poised to play a key role in the global clean energy transition.

CMA 2024 Summit to Explore China’s Expanding Role in Africa’s Copper Industry

September 14, 2024
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The Critical Minerals Africa (CMA) 2024 Summit will explore China’s growing influence in Africa’s copper industry, highlighting major investments in mining projects across the continent. With over $50 billion in pledged financing, China is helping Africa boost its copper production to meet global demand for energy transition minerals. The summit, taking place November 6-7 in Cape Town, will bring together industry leaders to discuss the future of African mining and its impact on the global supply chain.

Advantages of Rubber Linings in Pump Applications: Enhancing Durability and Sustainability

September 14, 2024
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Rubber linings offer superior resistance to coarse particle abrasion in pumps, making them ideal for demanding applications like mill operations. Weir’s decades of expertise in elastomer technology provide a durable and sustainable solution, reducing maintenance frequency, improving safety, and lowering the carbon footprint compared to metal liners.

Overcoming the Barriers to Africa’s Mineral Potential

September 2, 2024
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Africa’s vast mineral wealth holds the key to the global energy transition, yet the continent remains hindered by a lack of systematic geological mapping, inadequate infrastructure, and outdated mining practices. Despite holding a fifth of the world’s metal reserves, Africa struggles to fully tap into this potential. To unlock these resources and transform the continent’s role in the global mineral market, significant investments in advanced technologies, infrastructure, and value-added processing are essential. The future of Africa’s mineral sector depends on overcoming these barriers and seizing the opportunities that lie ahead.

Investing in Africa’s Manufacturing Growth – A Pathway to Sustainable Prosperity

September 2, 2024
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Africa’s manufacturing sector is emerging as a key engine of growth, offering unparalleled investment opportunities as the continent urbanizes and industrializes. With a rapidly expanding population and middle class, Africa is becoming a robust market for high-quality goods. The continent’s abundant natural resources and strategic location between major global markets further enhance its appeal. Supported by progressive policies and technological advancements, Africa is poised for a manufacturing renaissance that can drive economic diversification, create jobs, and elevate living standards. Now is the time for investors to seize this opportunity and contribute to Africa’s sustainable prosperity.

Protection Against Noise and Vibration: PPE as the Last Line of Defense

September 2, 2024
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Personal Protective Equipment (PPE) should never be the first line of defense against occupational hazards like noise and vibration. While essential, PPE must be the final layer of protection after all other measures have been exhausted. Effective noise and vibration control starts with eliminating or reducing hazards at their source, followed by implementing engineering and administrative controls. Only when these steps are in place should PPE be relied upon as a critical safety net, ensuring that workers are fully protected in environments where risks cannot be entirely eliminated.

OHS & PPE IN HAZARDOUS ENVIRONMENTS

August 25, 2024
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Choosing the right gas detector is crucial for workplace safety, particularly in environments with hazardous gases. This article explores key considerations for selecting a gas detector, including the importance of a site risk assessment and understanding the specific gases that need to be detected. Additionally, it highlights the advanced protection features of the M1 SCBA, designed to safeguard firefighters against chemical permeation, ensuring their safety in high-risk situations.

WORKING AT HEIGHTS

August 25, 2024
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The Msikaba Bridge, spanning 580 meters across the Msikaba Gorge in South Africa’s Eastern Cape, is set to become one of the highest bridges in Africa. As part of the N2 toll road project, this engineering marvel is being constructed by the CME Joint Venture and is expected to be completed by late 2024. The project emphasizes safety, precision engineering, and local community engagement, setting a new standard for infrastructure development in the region.

SHEQ IN CONSTRUCTION

August 25, 2024
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The South African construction industry faces urgent challenges in improving its health and safety standards while also addressing its significant environmental impact. A new analysis by Professor John Smallwood highlights alarming accident rates, the need for better mental health support, and calls for comprehensive reforms, including regulatory changes and enhanced training, to move the industry toward a safer and more sustainable future.

Excessive Cargo Control Measures Stifle Trade at Beitbridge

August 18, 2024
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The Beitbridge Border Post, despite a $300 million upgrade, is once again mired in congestion and delays. Excessive cargo control measures, including a 100% scanning regime and fuel duties, have slowed transit times to over 24 hours, frustrating transporters who must still pay a $200 fee. This inefficiency is stifling regional trade and undermining Zimbabwe’s role as a key transit hub in Southern Africa.

Zambia’s Proposed Minerals Law Risks Undermining Copper Investment and Production Goals, Industry Experts Warn

August 18, 2024
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Zambia’s new Minerals Regulation Commission Bill, designed to increase government control over mineral resources, is raising alarms in the mining sector. Industry experts warn that the bill’s provisions, including potential forced state acquisitions, could deter foreign investment and jeopardize the country’s goal of boosting annual copper production to 3 million metric tons. As Zambia strives to position itself as a leading copper producer, the proposed law may inadvertently create new challenges in attracting and retaining essential investments.

Egypt Takes a Major Step in Localizing Mobile Phone Tower Manufacturing

August 11, 2024
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Egypt is making strides in technological self-reliance with the opening of its first mobile phone tower manufacturing facility by the Arab Organisation for Industrialisation (AOI). Situated within the Aircraft Factory, this new center represents a significant leap in localizing technology and reducing reliance on imports. Already, the facility has achieved a 100% local manufacturing rate for mobile phone towers, fulfilling orders for Etisalat Misr and setting the stage for expanded production and potential export opportunities across Africa and the Arab world.

Club Car Partners with AFGRI Equipment as New South African Distributor

August 11, 2024
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Club Car has appointed AFGRI Equipment as its new official distributor in South Africa, expanding the brand’s reach across Southern Africa. This partnership will see AFGRI supply Club Car’s full range of golf, utility, and consumer vehicles through its extensive dealership network. Both companies are excited about the synergy this collaboration brings to the golf and turf industry, with a focus on delivering innovative and reliable products to the market.

Copper 360 Reignites O’Kiep Copper District Amid Global Supply Crisis

August 11, 2024
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Copper 360 has reignited copper mining in South Africa’s historic O’Kiep Copper District after more than 40 years, with the reopening of the Rietberg mine. As global demand for copper surges, this development is poised to bolster both the local economy and the global copper supply, marking a new era for the region and the company.

Unitrans Unveils Cutting-Edge Centre of Excellence to Revolutionize African Supply Chain Solutions

July 23, 2024
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Unitrans has launched its upgraded Centre of Excellence (COE) to revolutionize supply chain solutions across Africa. This state-of-the-art facility leverages big data and predictive analytics to enhance operational efficiency, safety, and sustainability. “Our COE is designed to be a game-changer, offering our clients a competitive edge in a rapidly evolving marketplace,” said Jacques Greeff, Executive of Solutions at Unitrans. The COE provides real-time insights and tailored solutions, driving value creation and optimizing supply chain performance.

Azule Energy Pioneers World’s First Green FPSO Vessel in Angola

July 23, 2024
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In an ambitious stride towards securing its place in the global energy market, Angola has embarked on a groundbreaking journey with Azule Energy leading the […]

Rio Tinto Advances Development of Guinea’s High-Grade Iron Ore Deposit

July 23, 2024
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Rio Tinto has achieved a significant milestone in the development of the Simandou high-grade iron ore deposit in Guinea, meeting all necessary conditions for investment, […]

Enhancing Arc Safety: Dromex’s Commitment to Protection and Innovation

July 2, 2024
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Dromex’s dedication to innovation and customer satisfaction is evident in their proactive approach to addressing industry needs. They continuously invest in research and development to enhance the performance and comfort of their protective gear. This includes using advanced materials and technologies to improve durability and effectiveness while ensuring ease of movement for the wearer. By staying at the forefront of safety standards and industry advancements, Dromex not only protects workers but also contributes to a safer, more efficient workplace. Their comprehensive service, from product selection and training to ongoing support, reinforces their position as a trusted partner in occupational safety.

Carbon Capture, Utilisation, and Storage: A Beacon for South Africa’s Energy Future

July 2, 2024
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Carbon Capture, Utilisation, and Storage (CCUS) offers South Africa a crucial solution to balance economic growth with environmental sustainability. The Council for Geoscience’s (CGS) dedication to advancing CCUS technology, in partnership with various stakeholders, is a positive move. Integrating CCUS with renewable energy, creating supportive policies, and increasing public awareness can lead to a resilient, sustainable energy future. South Africa’s proactive efforts in CCUS can become a model for other coal-dependent countries, demonstrating that with determination, innovation, and collaboration, it is possible to meet climate goals and ensure a prosperous future.

Minister Senzo Mchunu Discusses Municipal Service Delivery and Key Projects

July 2, 2024
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In an insightful interview with Kirsten Kelly, Minister of Water and Sanitation Senzo Mchunu discusses the challenges and transformative initiatives in municipal water service delivery. Highlighting the theme of “Water for Peace” on World Water Day, Mchunu underscores the collaborative potential of water to unite communities and countries. He also elaborates on critical projects and legislative reforms aimed at ensuring reliable access to potable water across South Africa, emphasizing the department’s shift towards a more integrated approach to water resource and services management.

Africa’s Clean Energy Surge: A Beacon of Hope in Declining Foreign Investments

June 23, 2024
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Despite a slight decline in overall foreign investment flows to Africa in 2023, the continent’s clean energy sector has seen a remarkable surge, attracting significant global interest. Noteworthy investments include a $34 billion green hydrogen project in Mauritania and over $10 billion for wind and solar projects in Egypt, South Africa, and Zimbabwe. These developments highlight Africa’s growing commitment to sustainability and its potential to lead in renewable energy, driving economic growth and environmental progress.

Advancing Construction Efficiency with the Cat® 745 Articulated Truck

June 23, 2024
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The CAT 745 is a powerhouse in the realm of heavy-duty construction equipment, designed to maximize productivity and efficiency. Boasting a 41-ton payload capacity and a 25 m³ heaped volume, it features the robust Cat C18 engine known for its durability and fuel efficiency. The CAT 745 is equipped with advanced technologies like automatic traction control, ECO mode for fuel savings, and stability assist systems, ensuring both operator safety and machine performance. With an emphasis on operator comfort, the spacious cab includes improved visibility, reduced noise levels, and intuitive controls, making it a reliable choice for demanding construction projects.

Scania CrewCab: The Ultimate in Versatility and Safety for Emergency Services

June 23, 2024
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The Scania CrewCab is designed for emergency services with no room for compromise, offering unparalleled versatility, comfort, and safety. Featuring advanced ergonomics and innovative safety enhancements like the Scania City Safe Window, this vehicle ensures superior visibility and protection in urban environments. With flexible seating options, a separate climate system for the crew area, and powerful engine choices, the CrewCab is always ready for the unexpected, making it an invaluable asset for any emergency response team.

Resolute Mining – A Beacon of Success in African Gold Mining

June 16, 2024
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Resolute Mining, a leader in African gold mining, boasts over three decades of expertise, with operations in Mali, Senegal, and Guinea. The company is committed to sustainable growth through extensive exploration, aiming to discover new deposits and expand existing resources. Resolute’s dedication to community engagement and responsible resource management underscores its mission to support regional development and environmental stewardship, making it a beacon of innovation and success in the mining sector.

The Fascinating Journey of Turning Mechanical Energy into Electrical Power

June 16, 2024
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The process of turning mechanical energy into electrical power is a marvel of modern engineering. From school experiments with magnets and coils to massive power plants with turbines spinning at high speeds, the principles remain the same but the scale is astounding. This article delves into the key components of power generators—rotor, stator, and core—and explores how they work together to produce the electricity that powers millions of homes. Discover the fascinating mechanics behind the scenes of our electrical grid and the challenges engineers face in this high-stakes industry.

The Industry Exclusive E-Drive 944X-Tier Wheel Loader: A Revolution in Power, Sustainability, and Reliability

June 16, 2024
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Introducing the Industry Exclusive E-Drive 944X-Tier Wheel Loader, the ultimate powerhouse in heavy machinery. With its John Deere PowerTech™ engine, innovative E-Drive system, and unmatched features, the 944X-Tier delivers unparalleled power, sustainability, and reliability. This machine captures and stores kinetic energy during braking, reduces fuel consumption, and minimizes environmental impact. Designed for cost efficiency and longevity, the 944X-Tier redefines performance with exceptional pushing power, quick ramp-climbing ability, and advanced traction control. Experience the future of heavy-duty applications with the “King of the Load” – where innovation meets efficiency.

South African Asset Managers’ Response to Shifting Investment Trends and Political Uncertainty

June 10, 2024
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In the midst of evolving investment landscapes, South African asset managers have notably adjusted their strategies, as highlighted in the 2023 Alexforbes Manager Watch Annual Survey. Over the past five years, a discernible trend has emerged, with a greater focus on global equities alongside recalibrations in domestic allocations. However, this strategic maneuvering unfolds against a backdrop of political uncertainty following national elections, with discussions of a Government of National Unity stirring market volatility. Yet, armed with insight and adaptability, South African asset managers remain poised to navigate these challenges, steering investments towards long-term prosperity amidst shifting sands.

The 410P Tier ADT: Built for Power, Redesigned for Performance

June 10, 2024
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You asked, and they delivered! The 410P Tier Articulated Dump Truck (ADT) combines rugged reliability with exceptional upgrades in design and productivity, making it a stellar investment for any heavy-duty operation. Its redesigned wider dump body enhances material retention and lowers the loading height, boosting cycle times and efficiency in quarry and aggregate applications. Engineered for reliability with streamlined electrical and hydraulic systems, the 410P also features advanced drive modes—Normal, Eco, and Traction—to optimize performance and fuel efficiency. With a comfortable, operator-focused cab and enhanced safety features, the 410P Tier ADT stands out as a leader in its field. Experience the #AFGRIequipmentEDGE and see how this powerhouse can transform your productivity and efficiency!

Namibia Launches $2.1 Billion Port Expansion to Support Oil Industry Growth

June 6, 2024
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Namibia’s $2.1 billion port expansion promises significant economic growth and a broader impact on the Southern African Development Community (SADC) region. Enhancing infrastructure at Walvis Bay and developing a new port in Lüderitz will boost trade, supply chain efficiency, and logistics capabilities. Projected to increase cargo throughput and accommodate larger vessels, the expansion will drive trade volumes and attract investments in logistics and warehousing. This initiative is set to benefit landlocked SADC nations, stimulate ancillary industries, and create employment opportunities, fostering economic prosperity and regional integration.

Minister Senzo Mchunu Discusses Municipal Service Delivery and Key Projects

June 4, 2024
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Sonatrach Expands Energy Projects in Algeria, Boosts Gas Supplies to Europe

June 2, 2024
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Sonatrach, Algeria’s state-owned energy giant, has forged pivotal partnerships with Baker Hughes and Tecnimont to bolster the nation’s energy infrastructure. The collaboration aims to enhance gas production at the renowned Hassi R’Mel gas field, positioning Algeria as a key player in Europe’s energy supply chain.

Milestone Achieved in Carbon Capture and Utilisation Storage Project

June 2, 2024
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Leandra, Mpumalanga, 10 May 2024 – The Council for Geoscience (CGS) and Mzansi Exploration, Drilling and Mining celebrated a significant achievement with the completion of an 1800m drill for the Carbon Capture and Utilisation Storage (CCUS) pilot project. This milestone, essential for the development of the CCUS initiative, was celebrated at the CCUS Piloting Site in Leandra, Mpumalanga.

Zimbabwe Licenses Starlink for Satellite Internet Services in Strategic Tech Partnership

May 26, 2024
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Zimbabwe has officially licensed Elon Musk’s Starlink to provide satellite internet services, becoming the eighth African country to do so. President Emmerson Mnangagwa announced the partnership with local company IMC Communications, owned by his associate Wicknell Chivayo. This move aims to revolutionize Zimbabwe’s digital landscape by offering high-speed, low-cost internet, particularly benefiting rural areas. Economist Stevenson Dlamini highlighted the potential cost challenges but emphasized the long-term benefits for schools, hospitals, and other public facilities.

Qatar Airways Nears Investment in Southern African Airline

May 22, 2024
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Qatar Airways is nearing the final stages of a significant investment in a southern African airline, according to CEO Badr Mohammed Al Meer. This move, expected to be officially announced within weeks, aims to enhance Qatar Airways’ presence in Africa by improving connectivity and offering more flight options in the region. While the specific airline remains undisclosed, the investment highlights Qatar Airways’ commitment to expanding its network and capitalizing on Africa’s growing aviation market.

Atlantic Lithium Makes History on Ghana Stock Exchange

May 17, 2024
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On May 13th, 2024, Atlantic Lithium made history by becoming the first lithium-focused company to trade on the Ghana Stock Exchange (GSE) under the ticker “ALLGH.” This milestone marks the beginning of Ghana’s first lithium mine, the Ewoyaa Lithium Project, which is set to produce 365,000 tonnes of spodumene concentrate annually. The listing offers Ghanaians a unique investment opportunity and signifies a major step in the country’s economic and green energy transition efforts.

UNDP Announces Groundbreaking Start-Up Ecosystem Event in South Africa

May 17, 2024
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The United Nations Development Programme (UNDP) is thrilled to announce an exciting new event in South Africa as part of the “UNDP Meet the Toshikas” initiative, which also spans Angola and Zambia. This event is set to connect investors, accelerators, incubators, local corporates, and governmental bodies with innovative start-ups. Out of 254 applicants, 10 outstanding start-ups from South Africa have been selected to pitch their groundbreaking ideas. The event will feature insightful presentations and panel discussions with key ecosystem stakeholders and esteemed Japanese investors, fostering robust

business networks and facilitating collaboration opportunities. Supported by Japan’s Ministry of Economy, Trade, and Industry (METI), “Meet the Toshikas” aims to empower young African entrepreneurs, enhance their competitiveness, and attract Japanese venture capital investment to Africa. For more information, visit UNDP Meet the Toshikas.

City of Johannesburg Commits R20 Million for M1 Bridge Repairs After Devastating Fire

May 9, 2024
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In the wake of a devastating fire that engulfed the M1 highway bridge in Johannesburg, the City of Johannesburg has pledged R20 million towards its urgent repairs. Suspected to be ignited by cable theft, the blaze inflicted significant damage, prompting immediate action to ensure commuter safety and restore vital infrastructure.

Global Coal Organization Calls for Balanced Approach to Energy Policy

May 3, 2024
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The recent announcement by the Group of Seven (G7) forum to phase out unabated coal by 2035 has sparked debate and scrutiny from various quarters, […]

Investment Summit in South Africa Showcases Zimbabwe’s Economic Potential

May 3, 2024
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Zimbabwe’s Minister for Finance and Investment Promotion, Mthuli Ncube, alongside Tafadzwa Chinamo, the Chief Executive Officer of Zimbabwe Investment Development Agency, spearheaded a groundbreaking two-day […]

Nigerian Government Revokes Hundreds of Dormant Mining Licenses

April 24, 2024
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In a sweeping move aimed at revitalizing Nigeria’s mining sector, the Federal Government, acting through the Ministry of Solid Minerals Development, has revoked a staggering 924 dormant licenses. This bold step, following a similar revocation in November 2023, underscores the government’s commitment to combat license speculation and promote active mining. Minister Dele Alake emphasized the adherence to due process, providing license holders ample notification through official channels. The revocation, spanning exploration, mining, quarrying, and small-scale mining licenses, aims to allocate resources to those committed to productive mining activities, fostering economic growth and transparency in the sector.

Africa’s Tech Continues to Soar: Fintech Solutions and Record VC Funding Point to a Promising Future

April 23, 2024
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In Africa’s dynamic tech landscape, two key developments are reshaping the future: the surge of fintech solutions tailored for freelancers and unprecedented investment in early-stage startups. With freelancers driving the gig economy, fintech platforms are revolutionizing financial management, while TLcom Capital’s $154 million fund underscores growing global confidence in African tech ventures. These trends promise empowerment and growth, heralding Africa’s ascent as a tech powerhouse.

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