Business & Technology

Guinea aims to become a regional gold refining hub, its mines minister said, joining a broader push by West African producers to process bullion locally rather than exporting it to the Middle East and beyond.

DRC will withdraw unused cobalt export rights under first-half quotas and re-assign them to a state-controlled entity, its strategic minerals regulator said on Monday.

The IMF said on Thursday it shared a draft of its governance diagnostic assessment with the Kenyan government and is awaiting their comments.

Botswana’s Debswana Diamond Company expects to raise diamond production by about 20% this year, a central bank official said on Wednesday.

The two countries were praised for increased supervision and investigations in the financial sector.

The crisis has exposed African airlines’ heavy dependence on imported refined jet fuel, leaving them vulnerable to global shocks, African Airlines Association says.

African governments from Nigeria to Uganda have lured foreign funders ranging from export credit agencies and private investors to the Gulf as years of reforms have a beneficial impact.

Uganda’s President Yoweri Museveni on Wednesday witnessed the signing of an aircraft acquisition agreement between state-owned Uganda Airlines and American planemaker Boeing for 10 new aircraft.

Ethiopia has granted a unit of Nigeria’s United Capital Group the first foreign investment banking licence in the country, its capital markets regulator said on Monday.

Ethiopian Airways will probably decide within the next three months on an order for 25 smaller commercial jets to expand its local network, CEO Mesfin Tasew Bekele has said.