by afrikanfrontier | Oct 6, 2023 | Business, News, Politics
In other positive economic news for Zambia, Barrick Gold recently announced plans to invest nearly $2 billion to expand its Lumwana copper mine. The Canadian mining giant aims to turn Lumwana into a “super pit” operation by developing two new large-scale...
by afrikanfrontier | Sep 26, 2023 | Business, News, Politics
The Democratic Republic of Congo has announced support for a new copper-cobalt processing plant as part of efforts to formalise informal mining in the country. The Congolese company Buenassa will develop the estimated $350 million project. Most of Congo’s vast...
by afrikanfrontier | Sep 13, 2023 | Business, News
LUSAKA, Zambia – A settlement has been reached between mining giant Vedanta Resources and state-owned ZCCM Investments in their prolonged legal battle over a valuable Zambian copper asset, the Konkola mining complex. However, the resolution in favour of...
by afrikanfrontier | Aug 25, 2023 | Business, News
Lusaka, Zambia – Vedanta Resources founder Anil Agarwal said the company is prepared to pay $250 million in outstanding debts and invest $1 billion to upgrade its seized copper assets in Zambia, in what appears to be an attempt to lobby for the return of its...
by afrikanfrontier | Aug 17, 2023 | Business, News, Politics
The BRICS bloc’s deliberations on facilitating trade in local currencies at next week’s summit in South Africa highlight promising pathways for accelerating African economic integration. As the continent pursues its continental free trade area, the...
by afrikanfrontier | Aug 17, 2023 | Business, Finance, News
The announcement that Mastercard will acquire a stake in African telecom giant MTN’s financial technology arm underscores the vast potential of Africa’s burgeoning fintech sector. As a champion of African innovation, this deal exemplifies the...
