Electric Cars and Niche Metals Reviving Enthusiasm and Luring Cash Back to African Mines

Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron-ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche metals – from lithium and cobalt to praseodymium and neodymium – into the hot new drawcards of African mining.…

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China Dismisses ‘Absurd’ Claim It Spies on African Union HQrs

China has dismissed reports it bugged the African Union (AU) headquarters as “preposterous”. Kuang Weilin, the Chinese ambassador to the AU, told reporters in Ethiopia the “absurd” claim in France’s Le Monde was “very difficult to understand”. He spoke out three days after the newspaper published an article claiming data from the Chinese-built AU building…

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Africa’s Single Aviation Market Takes Off in February 2018

African countries have adopted further initiatives to implement a single market for the continent, an attempt to stimulate economic growth with open skies to replicate Europe. After years of marathon negotiations African Union (AU) officials expect dozens of the continent’s countries to launch the African single air transport market by the end of this month. Of…

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FMCGs in Nigeria–Profitable Strategies in Harsh Economic Times

Fast Moving Consumer Goods (FMCGs) such as Unilver (UNILEVER:NL) and PZ have adopted various measures to remain profitable in the current harsh economic climate. Unilever has opened a factory to manufacture butter in the country, and begun sales of retail packages for its tea and seasoning cubes. Other competitors such as Nestle and PZ Cussons (PZ:NL)…

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Dangote’s Bloomberg Interview: Refinery in Nigeria 2019, No Home Outside Nigeria, Wants to Own Arsenal FC

Aliko Dangote, Nigerian businessman and richest man in Africa, says his refinery which is under construction will be completed in the last quarter of 2017. In a recent interview with Bloomberg, the chief executive officer of Dangote Group shared his business ideals and the next step for his business empire. Here are 10 key topics he…

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