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Business Insider Africa

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News

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africa.businessinsider.com > local > markets > another-african-gold-producer-suspends-new-mining-exploration-licences-until-further > 3jyh9rw

Another African gold producer suspends new mining exploration licences until further notice

10+ hour, 45+ min ago   (430+ words) Chad has suspended the granting of new mining prospecting authorisations across the country until further notice, placing a temporary freeze on new exploration activity as the government seeks greater control over its mineral sector. The decision was announced by Mines,…...

Business Insider Africa
africa.businessinsider.com > local > markets > 1-million-women-in-africas-war-torn-nation-hold-gold-worth-nearly-dollar3-billion-now > hxvtlsc

1 million women in Africa’s war-torn nation hold gold worth nearly $3 billion, now a bank wants to use it as collateral

4+ day, 28+ min ago   (519+ words) Somalia is turning to an unusual store of household wealth to widen access to finance, with MyBank, the nation’s sixth-biggest lender launching a service that allows women to use verified gold jewellery as collateral for financing. The lender estimates that…...

Business Insider Africa
africa.businessinsider.com > local > markets > french-oil-giant-finds-new-oil-in-angola-secures-stakes-in-2-new-exploration-blocks > jtt96bq

French oil giant finds new oil in Angola, secures stakes in 2 new exploration blocks

4+ day, 3+ hour ago   (411+ words) French energy giant TotalEnergies has announced a new oil discovery in Angola and signed agreements to acquire a 40% operated interest in two additional exploration blocks as it expands its operations in the country. The company said the new Acacia-5 discovery…...

Business Insider Africa
africa.businessinsider.com > local > markets > mastercard-and-busha-bring-trusted-and-simpler-digital-asset-transfers-to-nigeria > t2d2gmr

Mastercard and Busha bring trusted and simpler digital asset transfers to Nigeria

4+ day, 3+ hour ago   (187+ words) Mastercard Crypto Credential will now enable all eligible Busha users as verified endpoints, enabling them to send and receive supported digital assets with greater confidence using their email or phone number instead of error-prone blockchain addresses Mastercard has partnered with…...

Business Insider Africa
africa.businessinsider.com > local > markets > kenya-wants-to-be-east-africas-business-hub-but-us-tech-giants-are-raising-concerns > fw0cep4

Kenya wants to be East Africa’s business hub, but US tech giants are raising concerns as Nairobi battles immigration crisis

4+ day, 4+ hour ago   (409+ words) Kenya is positioning itself as East Africa’s leading business and technology hub, but concerns from major US tech companies over immigration and work-permit restrictions are putting pressure on Nairobi’s ambitions as it battles a growing immigration crisis. Kenya’s ambition to…...

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africa.businessinsider.com > local > markets > totalenergies-and-partners-plan-dollar10-billion-angola-investment-to-protect-450000 > wfkqxet

TotalEnergies and partners plan $10 billion Angola investment to protect 450,000-barrel daily output

4+ day, 6+ hour ago   (338+ words) TotalEnergies and its partners plan to invest $10 billion in Angola over the next five years as the Southern African country struggles to maintain production from its ageing offshore oilfields. Patrick Pouyanné, TotalEnergies’ chairman and chief executive, announced the investment programme…...

Business Insider Africa
africa.businessinsider.com > local > markets > uber-just-pulled-out-of-2-african-nations-but-ride-hailing-rival-indrive-says-the > ewfsec5

Uber just pulled out of 2 African nations but ride-hailing rival inDrive says the exits raise bigger questions about Africa’s mobility market

4+ day, 7+ hour ago   (937+ words) Uber’s exit from Nigeria and Uganda has put a fresh spotlight on the difficult economics of Africa’s ride-hailing industry, but inDrive says the departures should not be read as a verdict on the continent’s mobility opportunity. Uber’s departure has also…...

Business Insider Africa
africa.businessinsider.com > local > markets > indias-largest-sustainable-critical-minerals-producer-ships-first-lithium-ore-from > g623l3c

India’s largest sustainable critical minerals producer ships first lithium ore from Zimbabwe, secures 10 blocks with an estimated $7 billion lithium deposit

4+ day, 12+ hour ago   (285+ words) India’s Lohum has shipped its first consignment of lithium ore from Zimbabwe, marking the start of its mining operations in the southern African country and making it the first Indian company to produce lithium from overseas assets. The move gives…...

Business Insider Africa
africa.businessinsider.com > local > markets > us-moves-to-beat-china-to-africas-critical-minerals-with-plans-to-develop-a-major > yswr01c

US moves to beat China to Africa’s critical minerals with plans to develop a major processing industry within East Africa’s largest economy

4+ day, 21+ hour ago   (684+ words) The United States has formally expressed its intent to actively participate in the development of Kenya’s critical mineral sector. According to a senior American official, the United States is keen on helping Kenya develop a ​critical minerals processing industry, as…...

Business Insider Africa
africa.businessinsider.com > local > markets > exxonmobil-makes-20th-oil-discovery-in-angola-block-that-has-produced-27-billion > mrpn5g6

ExxonMobil makes 20th oil discovery in Angola block that has produced 2.7 billion barrels

4+ day, 21+ hour ago   (471+ words) ExxonMobil has made the twentieth oil discovery in an offshore Angola block that has already produced more than 2.7 billion barrels over three decades. Angola’s National Oil, Gas and Biofuels Agency, known as ANPG, announced on September 9 that the Vicango Este…...