Finance

Three gold producers, including London-listed Endeavour Mining (EDV.L), have agreed to adopt Mali’s controversial new mining code, Malian government officials announced, marking a shift in the months-long standoff that has rattled the country’s mining sector. Mali’s Finance Minister Alousseni Sanou […]

Ghana has cancelled a $1.2 billion bauxite lease awarded to local firm Rocksure International and is now seeking a foreign partner to develop one of West Africa’s richest untapped bauxite reserves. The government is in advanced talks with international players, […]

Ogun State has announced plans to partner with Arise Integrated Industrial Platform (IIP) to develop a $2 billion garment manufacturing hub, expected to be one of the largest in Africa. The project, aimed at reviving Nigeria’s textile industry, will be […]

Hong Kong-based digital asset platform OSL Group said on Friday it had completed $300 million of equity financing, the latest sign of feverish investor interest in cryptocurrencies. The deal, which the company said was the biggest publicly disclosed equity raise […]

The multi-strategy hedge fund giant Millennium Management is reportedly investing $4.2 billion into two additional external investment companies. Sources say that Ravi Naresh, who previously managed funds for Marshall Wace, will receive approximately $3 billion from Millennium for his equity […]

Bank of America announced that its board has authorized a $40 billion stock repurchase program, set to take effect on August 1. This new buyback will replace the current authorization, which had approximately $9.1 billion remaining as of June 30. […]

According to the Sudanese Mineral Resources Company (SMRC), this growth generated $1.57 billion in legal export revenue for the conflict-torn nation’s struggling economy. SMRC director Mohamed Tahir Omer announced the figures during a media briefing in Cairo, Egypt. Notably, the surge comes amid […]

China appears to be positioning Africa as a testing ground for internationalization of the yuan as it seeks to expand the currency’s global use and break the dominance of the US dollar. During a recent meeting in Cairo, the central banks of China […]

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, engaged in a meeting with the U.S. President Donald J. Trump at the White House. His Royal Highness extended the warm greetings of His Majesty King […]

In 2025, it’s still common for a business owner in Lagos to wait days for a payment from Accra in Ghana — just a short flight away. That delay, and up to 10% in fees, is the price of routing […]