by afrikanfrontier | Feb 9, 2024 | Business, News, Politics
Zambia finds itself at the centre of a geopolitical tug-of-war as two superpowers, the US and China, vie for influence in its mining sector. The recent spotlight falls on the US-backed Lobito corridor project, dubbed a “once-in-a-lifetime” opportunity by...
by afrikanfrontier | Feb 6, 2024 | Business, News, Politics
Zambia is making waves in the copper market, announcing plans to directly buy and sell a portion of its copper production. This bold move puts them in competition with industry titans like Mercuria and Glencore, marking a significant shift in their approach to natural...
by afrikanfrontier | Jan 26, 2024 | Business, News, Politics
Zambia’s President Hakainde Hichilema has fired a shot across the bow of the international financial system, accusing it of using his country as a “guinea pig” in its debt-restructuring experiment. His remarks, made to diplomats, highlight the...
by afrikanfrontier | Jan 26, 2024 | Business, News
Africa’s richest man, Aliko Dangote, has catapulted into the world’s top 100 wealthiest individuals after his cement empire saw a meteoric rise in January. Dangote’s fortune jumped by a staggering $6.9 billion this month, propelled in part by a...
by afrikanfrontier | Jan 23, 2024 | Business, Politics
In another mining incident in Zambia, seven workers, including two Chinese nationals, found themselves trapped in a flooded mine in the Copperbelt province near the Congo border. The incident occurred at the Macrolink copper mine in Ndola City, which is currently...
by afrikanfrontier | Jan 23, 2024 | Business, News
The Democratic Republic of Congo (DRC) is renegotiating its minerals-for-infrastructure deal with China, aiming for a sweeter slice of the pie in a $7 billion agreement. President Felix Tshisekedi is determined to rewrite the script on the existing $6.2 billion...