Africa

Mali's military government is demanding a $162 million tax settlement from Australia's Resolute Mining (OTC:RMGGY) following the detention of its CEO, Terry Holohan, during a visit to the country. Holohan was detained in Bamako, Mali's capital, along with two colleagues after attending meetings...

Resolute Mining (OTC:RMGGY) CEO Terry Holohan, along with two other company executives have been detained by the military-led government in Mali. What Happened: The executives traveled to Bamako, Mali's capital, for meetings with local mining and tax authorities to address concerns over the company...

Mali's military government has warned that it may let Barrick Gold Corp's (NYSE:GOLD) Loulo mine concession expire in 2026, citing unresolved disputes over the division's economic benefits from the country's second-largest mine. Following allegations that Barrick failed to honor terms of the...

After a hurricane-related postponement, President Joe Biden will visit Angola in December, marking his first and last trip to the African continent in the final week of his tenure. Angola, a country with a complex history tied to the United States and its Cold War adversaries, is now at the...

Tech billionaire and philanthropist Bill Gates called for wealthier nations to boost their support for African countries, at the release of the Bill & Melinda Gates Foundation's annual Goalkeeper's report. What Happened: Gates highlighted that development funds are increasingly diverted to...

Chinese President Xi Jinping has pledged nearly $51 billion in funding to Africa at a grand banquet held for African leaders. However, Eswatini, Taiwan’s last remaining diplomatic ally in Africa, was notably absent from the event. What Happened: The Forum on China-Africa Cooperation, a...

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...