Finance

China’s biggest gold producer, Zijin Mining Group Co., made a giant leap to increase its global footprint with the acquisition of Kazakhstan’s Raygorodok gold mine. This $1.2 billion transaction is the firm’s first entry into Kazakhstan and its eighth major […]

The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, said by two people familiar with the matter The initiative, modeled on […]

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028. Raygorodok is reportedly among the largest and most technologically advanced […]

Market research and tech consulting firm Yole Group predicts that China will have 30% of the world’s global foundry production capacity, making it the largest hub of semiconductor production. At the moment, Taiwan holds the highest output capacity at 23%, […]

Africa’s richest man, Aliko Dangote, has urged Africans to adopt bold thinking and a long-term mindset, asserting that the continent could be transformed into a “heaven” within just five years. He made the remarks on Friday while speaking at the […]

JPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like token, called JPMD. The U.S. banking giant told CNBC on Tuesday that it’s planning to launch a so-called deposit token on Coinbase’s public blockchain Base, which is built on top of […]

A new cryptocurrency token designed to allow cross-border payments to avoid western financial sanctions on Russia has moved some US$9.3billion on a dedicated crypto exchange in just four months since it was launched. Described as the first stablecoin pegged to […]

Global foreign direct investment is set to fall again in 2025 primarily due to high investor uncertainty driven by ongoing trade tensions, according to a UN analysis. In its latest report, the UN Conference on Trade and Development revealed that […]

The US and China have extended the truce in their trade war after two days of talks in London that resulted in a “framework” deal over export restrictions on rare earths and semiconductors. Negotiations to resolve the wider tariff war triggered by Donald […]

Over the past two decades, African countries have increasingly turned to international capital markets to meet their development financing needs. For example, Kenya and Benin raised a combined US$2.5 billion through bond issuances during the first half of 2025. Proceeds were used to repay […]