Gold

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Business / Economics

Morning Biz News Update – 27 January 2025

    Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […]

today28 January, 2025

Africa

Apple Denies Using Conflict Minerals And Cuts Supply Ties with Congo

  Apple has strongly refuted claims of using conflict minerals in its products, announcing earlier this year that it directed suppliers to cease sourcing tin, tantalum, tungsten, and gold from the Democratic Republic of Congo and Rwanda. The company cited escalating conflict in the region as the reason for its decision, according to a statement to Reuters.

today18 December, 2024

Africa

Uganda and the DRC conflict: the interests driving Kampala’s involvement

  By Kristof Titeca, University of Antwerp   The ambiguous and often tumultuous relations between Uganda and neighbouring Democratic Republic of Congo (DRC) have made headlines in recent months. In a July 2024 report, the UN Group of Experts on the DRC stated that Ugandan army and intelligence officials were providing active support to the M23 rebel group. The group, which is active in eastern DRC, was first defeated in […]

today20 August, 2024

World

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

    By Robert Huish, Dalhousie University   There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 per cent in 2024. Nearly six per cent of Russia’s gross domestic product goes towards military spending. At a time when Ukrainian President Volodymyr Zelenskyy is scrambling to acquire arms, funds and […]

today19 March, 2024

Africa

Will Kenya’s strategic mining reforms catalyse a sector renaissance?

    By Bonface Orucho, via bird story agency Kenya's mining and extractives sector is flourishing, reaping the rewards of recent reforms that promise to increase sector revenues as the country positions itself for economic gains from the burgeoning industry. From legal and legislative reforms to seamless mapping and surveying of available resources, the East African country is showing increased interest in tapping into new revenue-generating opportunities in the sector. […]

today30 January, 2024