insert_link Africa Botswana’s economy contracted in Q1 Botswana’s economy contracted after diamond production dropped. Gross domestic product shrank an annual 5.3% in the first quarter, compared with growth of 1.9% in the prior three months. The downturn, according to Statistics Botswana was primarily influenced by a decrease in real value added of the diamond traders and mining & quarrying industries of 46.8% and 24.8% respectively. Botswana is the world’s largest producer of rough diamonds by value, with the […] todayJuly 1, 2024 3
insert_link Business / Economics Rössing hosts uranium sustainability conference Rössing Uranium, now under the majority shareholding of China National Uranium Corporation, hosted the "Namibia Natural Uranium Sustainable Development" Conference in Windhoek on Tuesday. Johan Coetzee, Managing Director of Rössing Uranium, announced plans to extend the mine's life beyond 2036. todayJune 19, 2024 19
insert_link Business / Economics Anglo American rejects BHP offer, again Anglo-American has rejected a third takeover proposal from BHP Group that valued the company at $49.18 billion but agreed to a one-week extension for its rival to table a binding offer. Cirrus Capital Economist Robert McGregor helps make sense of the deal. todayMay 23, 2024 36
insert_link Africa Nigeria revokes dormant mining licences, opens opportunity for investors Nigeria's government has revoked with immediate effect, 924 dormant licences across four sectors in the mining industry. It has also invited investors to freely apply for the affected licences which it says will be offered on a "first come, first served" basis. todayApril 25, 2024 6
insert_link Business / Economics B2Gold Otjikoto mine to retrench 300 workers B2Gold Otjikoto Mine, the country’s largest gold producer, is set to start with the voluntary retrenchment of 300 employees. Last year, the mine announced its plans to embark upon a phased closure of open mining due to depleted ore reserves, but it did not disclose the number of workers to be affected, as consultations with stakeholders were still ongoing at the time. Here is John Roos B2Gold Namibia's Country Manager […] todayApril 24, 2024 43
insert_link Business / Economics South Africa’s $26.3 million new mining fund sets stage for exploration boom By Bonface Orucho, via bird story agency South Africa is charting a new course for its mining industry, betting on local and junior miners to identify and unlock greenfield mines as the country pursues higher sector prosperity. The country has introduced a new US$26.3 million (R500 million) mining exploration fund for local and junior miners, aiming to tap into the rising global demand for minerals. South Africa’s […] todayFebruary 8, 2024 9
insert_link Business / Economics Uranium one withdraws case against water ministry The Uranium One Group has withdrawn its case against the water ministry for not issuing exploration drilling permits to the company but remains confident its project will be safe and beneficial to Namibia. Here is Uranium One spokesperson Riaan van Rooyen. todayJanuary 23, 2024 6
insert_link Africa DRC elections: three factors that have shaped Tshisekedi’s bumpy first term as president By Reuben Loffman, Queen Mary University of London Africa’s second-largest country by land mass, the Democratic Republic of Congo (DRC), is scheduled to go to the polls on 20 December 2023. President Felix Tshisekedi will be seeking re-election. However, his first tenure has been decidedly mixed. Tshisekedi’s first term has been defined by three major factors: questions over the legitimacy of his 2019 election victory, violence in eastern DRC and the […] todayDecember 7, 2023 4
insert_link Africa African countries lost control to foreign mining companies – the 3 steps that allowed this to happen By Ben Radley, University of Bath Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s, transnational corporations have once again become the dominant force as owners and managers of major mining projects. Ben Radley has researched economic transformation in central Africa, with a particular focus on resource-based industrialisation. He […] todayDecember 4, 2023 4
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
