JOHANNESBURG/NAIROBI At the edge of Nairobi's Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers. | Video
JOHANNESBURG German carmaker Volkswagen's South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with unions, its managing director said.
JOHANNESBURG, Feb 20 German carmaker
Volkswagen's South African unit expects to produce a
record number of vehicles this year despite a sluggish domestic
economy, power outages and looming talks with unions, its
managing director said.
CAPE TOWN African nations with rich reserves of copper and cobalt needed for the shift to electric vehicles sense they have the upper hand in negotiations with mining companies that are struggling to secure better terms.
CAPE TOWN A boom in cannabis investment is siphoning capital away from mining and hitting junior miners hardest, forcing them to up their game and potentially improving the quality of projects in a sector long rife with cowboy speculators.
CAPE TOWN, Feb 6 Guinea stands by its
requirement that output from the long-delayed Simandou iron ore
project must be exported from a Guinean port, despite the
collapse of a deal aimed at jump-starting development, its mines
minister said on Wednesday.
CAPE TOWN Ethiopia will finalize reforms for its underdeveloped mining and oil sectors within the next two months as it seeks to encourage more foreign investors, its mines and petroleum minister said on Tuesday.
CAPE TOWN Ghana's President Nana Akufo-Addo demanded mining deals be more beneficial for Africa on Tuesday, calling on governments to end fiscal incentives traditionally used to attract investment to countries long viewed as rife with risk.
JOHANNESBURG The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila - has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution.
JOHANNESBURG South Africa's state asset manager has quietly bought up almost 90 percent of cash-strapped arms manufacturer Denel's bonds in the past 12 months, data from the country's main securities depositary showed.