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Business & Finance

Burkina Faso say not favouring Russia Nordgold in award of gold mine permit

Burkina Faso did not award a mining permit to Nordgold because it is a Russian company, its mines minister said on Sunday, rebuffing Western...

Guinea gives Chinese consortium 14 days to perfect agreement on Simandou iron ore mine

Partners in Guinea's Simandou iron ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with...

Africa growth drops below 4% amid ongoing and new economic shocks – World Bank

As the Sub-Saharan African economy struggles to recover from the 2020 recession induced by the COVID-19 (coronavirus) pandemic, the region now faces new economic...

Kenya to buy electricity from Ethiopia mega dam

Kenya plans to buy electricity from Ethiopia mega River Nile dam that began generating power for the first time last weekend.Ethiopia hopes to generate...

UK based oil contractor pleads guilty in New York for bribing Nigerian officials

A former U.K.-based trader for Glencore Plc (GLEN.L) pleaded guilty on Monday over what U.S. prosecutors called his role in a scheme to bribe...

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