Africa

  Two gold refineries will be constructed in Zambia next year and this will enable the country to export processed gold, Minister of Mines Energy and Water Development Christopher Yaluma has said.   The Minister has added that...

Nigeria is bound to lose an approximate amount of US$ 25bn in the coming one year if they fail to recover from slumping oil prices.   With the oil per barrel price standing at US$ 68.53 currently against...

Sonangol, the state-owned oil company has finally managed to transport petrol and diesel oil to the eastern provinces of the country by rail, as an alternative route to transporting the commodities. The fuel has now successfully reached the...

Rwanda is planning to construct a new petroleum storage facility that will have capacity to store 21 million liters – a move that will help boost the overall national reserve that currently stands at 30 million litres.  ...

  African Minerals, an iron ore mining company is in the process of temporarily closing down its business in Sierra Leone due to insufficient working capital as Ebola struck.   The company has so far this year experienced...

  Coal Ventures Ltd (ICVL) has announced receiving the first shipment of coal from central Mozambique at the port in Visakhapatnam in eastern India.   The news of the shipping to the Indian state-owned International Company comes after...

  South Africa’s economy has grown by a commendable percentage of 1.4 percent in the third quarter after the end of a five month platinum mines strike.   According to the statistics office report, there was a 0.5...