Kigali's $2 Billion Innovation City Construction Scheduled to Begin in September 2024
The $300 million construction of Kigali Innovation City (KIC) will start in September, following agreements signed between the Government of
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May 30
UAE's Role in Gold Smuggling from Africa Could Jeopardize Its Investment Ambitions on the Continent
A 2024 Swissaid report reveals that between 321 and 474 metric tons of gold are smuggled from Africa annually through artisanal mining, repr
May 30
USAID Administrator Announces New Investments Along the Lobito Corridor
USAID Administrator Samantha Power and Deputy Secretary Richard Verma visited Luanda, Angola, on April 23-25, 2024. They focused on enhancin
May 24
UAE Sets the Pace for Gulf Investments in Africa’s Mining Sector
The United Arab Emirates (UAE) has emerged as a major player in Africa's critical minerals sector, driven by the global shift towards clean
May 24
Bankenveld District City Development in Johannesburg Clears Key Hurdle with Land Purchase Approval
A major real estate project in the northern suburbs of Johannesburg, named the Bankenveld District City, has recently received Competition C
May 23
Navigating the Platinum Market: The Role of South Africa's 2024 Elections
South Africa's upcoming general election could significantly impact the global platinum market, with potential implications for the country'
May 23
South Africa's Power Issues Help Drive Microsoft's $1 Billion Data Center Investment in Kenya
Microsoft and G42 are investing $1 billion in Kenya's digital infrastructure, marking the largest private-sector digital investment in the c
May 23
Microsoft Bets $1 Billion on Kenya's Thriving Digital Economy
Microsoft and G42 announced a $1 billion investment in Kenya, marking the largest private-sector digital investment in the country's history
May 20
Zambia Joins $150B Sukuk Market with Eden Villas' $3 Million Real Estate Issuance
Zambian developer Eden Villas Properties is set to issue the country's inaugural Sukuk, aiming to raise $3 million. Sukuk, or Islamic bonds,
May 16
Coworking Works in Africa According to AfricaWorks Founder
AfricaWorks, a leading coworking space provider, operates in eight African cities and is set to launch in Johannesburg, further contributing
May 15
Lobito Corridor's Road Network in Angola Set To Receive €381.5 Upgrade
The U.S.-Africa Business Summit in Dallas, Texas, announced a €381.5 million investment to upgrade Angola's road network, focusing on the Lo
May 12
African Copper Powerhouses Set to Meet Growing Global Copper Demand
The leading copper producers globally in 2023 were Chile, Peru, the DRC, China, and the United States, together accounting for 59% of worldw
May 10
Rwanda Ready to Drop "Conflict Mineral" Accusations Against Apple
Rwanda has strongly denied accusations from the Democratic Republic of Congo (DRC) that Apple sources conflict minerals from a disputed area
May 10
Update: Shell's Partial Divestiture from South Africa and Sour BEE Partnership
In an update to earlier reports by Emerging Markets Business, Shell is not exiting its entire South African operation but only divesting its
May 9
Non-Resource Abundant Countries to Outpace Resource Abundant, Says World Bank
The World Bank report highlights a shift in global economic growth patterns, with non-resource countries poised to outpace their resource ab
May 7
South African Regulators Approve BNP Paribas Partial Closure
Discover how the exit of BNP Paribas and other international banks from South Africa could reshape the local banking landscape and open new
May 6
Oyo State Seals $100 Million Gas Infrastructure Deal with Shell Amidst Strategic Exit from South Africa
The Oyo State Government and Shell Nigeria Gas have secured a $100 million investment deal to enhance Oyo State's energy infrastructure, con
May 6
Shell Planning Exit From South Africa Over Rocky Relationship with BEE Partner
Shell, a global energy giant, is reportedly planning to exit South Africa, a move that could put thousands of jobs at risk. The company has
May 6
South Africa Was Africa's Top Gold Producer in 2023
In 2023, global gold investment trends show that production reached over 3,000 tonnes, with Africa contributing 370 tonnes, or 11.67%. Despi
May 4
Africa Takes Aim at Avocado Market Expected to Reach $26 Billion by 2030
The global avocado market is expected to reach $26.04 billion by 2030, growing at a compound annual growth rate of 7.3%. Africa, already a m
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