Africa

First Quantum Minerals (OTCPK: FQVLF) is exploring the possibility of selling a minority stake in its Zambian copper operations. Following the recent turmoil in the nickel market, the Vancouver, Canada-based company is consolidating its portfolio and focusing on reopening its key asset in Panama....

TORONTO—Mali remained an exploration focus for B2Gold Corp. (NYSEAMERICAN: BTG) after four workers were killed and three hospitalized in a February attack on a company convoy, the miner's chief financial officer said Monday. The gold mining company on Feb. 15 said three employees died from injuries...

The largest economy in Africa, Nigeria, is grappling with a severe economic crisis, marked by a currency in freefall and inflation rates nearing 30%. What Happened: The Nigerian naira has plummeted to a new all-time low against the U.S. dollar, reaching nearly 1,600 on the official market. This is...

The infamous Russian mercenary group Wagner Group has undergone a significant transformation following the deaths of its founders, Yevgeny Prigozhin and Dmitry Utkin. The group has rebranded itself as Russia’s Africa Corps and is expanding its operations in Africa. What Happened: The Wagner...

Sony Group Corporation (NYSE:SONY) is expanding its gaming footprint by investing in an African gaming startup, Carry1st. What Happened: Sony, the maker of the popular PlayStation gaming console, has made an undisclosed investment in Carry1st, a gaming studio based in Cape Town, South Africa,...

Coinbase Global (NASDAQ: COIN) looks to foray into Africa. What Happened: Coinbase is partnering with the African stablecoin exchange Yellow Card in an effort to expand its product suite in emerging economies. It is looking to start with 20 countries across Africa from February 2024...

Ripple upgraded its payments platform to expand business interests in the U.S. and Africa. Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon,...

Speaking to his supporters in Houston on Thursday, former U.S. President Donald Trump claimed to have invented the term "caravan" amidst his rant over immigrants, especially those from Africa. What Happened: During the event, which was live-streamed by Right...

Canada: More Baby Boomers And Millennials In Montreal Are Consuming Cannabis A lot has changed since Canada legalized recreational marijuana five years ago. For starters, weed consumption increased from 17% to 23% in 2022, writes Montreal CTV News about a new cannabis...

Mastercard Incorporated (NYSE: MA) and Visa Inc.(NYSE: V) are reportedly investing billions into African companies that have powered a sharp proliferation in e-commerce on the continent.  Africa presents prime grounds for mobile money proliferation, attributed to the...

In a recent global survey, Nigeria has emerged as the country with the highest level of awareness about cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Nigeria holds the highest position, surpassing major economies such as the United Kingdom, the United States, Japan, and...

Human resources (HR) technology startup Propel HR secured a €2.5 million ($2.74 million) seed funding round led by Amsterdam-based No Such Ventures, along with APX, Golden Egg Check and Future of Learning Fund.  The company, co-founded by Sunkanmi Ola, Seun Owolabi, and Abel Agoi in 2020,...

There's another proposed "super league" in soccer poised to net a sizable financial boost — this time in Africa, courtesy of Saudi Arabia. The Guardian reports the Confederation of African Football is in talks with Saudi Arabia on a $200 million deal to support the new African...

It hasn't even launched yet, but already there are signs of a new kind of black market springing up around Worldcoin. Co-created by OpenAI's Sam Altman, the Worldcoin project revolves around a soon-to-launch token that will be distributed to anyone who proves they're a unique individual...

Software entrepreneur and philanthropist Bill Gates said he was "blown away" by the intellect of Senegal's first-ever chief innovation officer David Moinina Sengeh when he first met him. What Happened: The billionaire made the comment while discussing the new book by Sengeh titled "Radical...