Africa

The World Health Organization announced a new strategic preparedness and response plan Monday in the fight against mpox, two weeks after declaring a public health emergency on the outbreak. What Happened: The WHO announced a new plan in its fight against the outbreak of mpox. The plan comes as...

The World Health Organization issued an international public health emergency Wednesday over mpox, leading to increased concern around travel to Africa and causing mpox stocks to trade higher once again. What Happened: A rise in mpox cases in Africa prompted the WHO to issue a public health...

GeoVax Labs inc. (NASDAQ:GOVX) and SIGA Technologies Inc. (NASDAQ:SIGA) shares are surging Wednesday amid Mpox Emergency Declaration. Here’s what you need to know. What Happened: The surge comes in response to reports that the World Health Organization (WHO) Director General has declared Mpox...

Billionaire and former Glencore CEO Alex Beard charged with corruption in UK along with four others, accused of making corrupt payments in West Africa. A British billionaire who made a fortune while working for a top commodities company was charged with corruption on Thursday. The company...

Leading gold miner Barrick Gold (NYSE:GOLD) ) is ramping up its exploration efforts in Mali, focusing on sustaining its Loulo-Gounkoto mining complex. CEO Mark Bristow re-iterated the company’s positive outlook for this vital project after visiting this African country for the third time this...

Jumia Technologies AG – ADR (NYSE:JMIA) shares traded higher Tuesday after Benchmark analyst Fawne Jiang initiated coverage on the stock with a Buy rating and a $14 price target. The Details The Benchmark analyst saw the African e-commerce company poised to benefit from multi-year and...

In response to the increased tariffs imposed by the European Union and the United States, Chinese electric vehicle (EV) manufacturers are exploring Africa as a potential market. What Happened: The decision by the EU and U.S. to impose higher tariffs on Chinese EVs has led Chinese companies to seek...

Exxon Mobil Corporation (NYSE:XOM) is renewing a 33-year-old lease on its expansive offices in Lagos’s upscale Lekki district. The lease was set to expire on Friday. The move comes after it plans to scale down operations in Nigeria, reported Reuters. Exxon is relocating staff from its 12-...

The Democratic Republic of Congo (DRC) alleges that Apple (NASDAQ:AAPL) is sourcing minerals from conflict areas in eastern Congo. What Happened: The DRC’s international lawyers, Amsterdam & Partners, has been investigating allegations that minerals mined in Congo are smuggled through...

Best known as a short seller and the founder of Citron Research, Andrew Left went short on GameStop Corporation (NYSE:GME) in 2021 and again in May 2024. While Left has made money shorting stocks, he often looks for opportunities of stocks that can grow and increase in share price. What Happened:...

Microsoft Corp (NASDAQ:MSFT) has decided to close its engineering center in Nigeria, citing economic challenges as the primary reason. What Happened: Microsoft has announced the closure of its engineering center in Lagos, Nigeria, which was inaugurated in 2022, Bloomberg reported on Wednesday. The...

While wheat and corn have long dominated American plates and agricultural policies, Microsoft co-founder Bill Gates highlighted a lesser-known African grain named Fonio as a transformative food of the future. With its unique set of qualities, Fonio is not just a staple in its native lands but also...

Nadeem Anjarwalla, a senior Binance executive, reportedly fled Nigeria amid charges of tax evasion among other allegations. What Happened: Anjarwalla, who holds dual British and Kenyan citizenship, reportedly made his escape under the guise of attending prayer services, capitalizing on the...

Barrick Gold (NYSE:GOLD) is exploring new ventures in the Democratic Republic of Congo (DRC). The company recently touted success at its Kibali mine, Africa’s largest gold mine, in the latest earnings results. "Kibali has transformed what was previously the disadvantaged north-east region of...

The global chocolate industry is in turmoil as major cocoa plants in Africa, the world’s top producers, are running out of beans, leading to a potential price surge for chocolate consumers worldwide. What Happened: Major cocoa plants in Ivory Coast and Ghana have either halted or reduced...