South Africa’s President Admits Power Crisis Is Hurting Mining

South Africa’s President Admits Power Crisis Is Hurting Mining

February 10, 2023

South African President Cyril Ramaphosa has said the county’s electricity crisis has severely damaged its mining industry, a key pillar of the economy. Ramaphosa made the comment while addressing Investing in African Mining Indaba, the world’s largest mining investment conference. The Minerals Council South…

South Sudan, Kenya Lock Horns Over Alleged Border Infringements

South Sudan, Kenya Lock Horns Over Alleged Border Infringements

February 10, 2023

South Sudan has accused Kenya of stealing its land, setting the stage for a border dispute that may stymie trade between the two countries, reports Business Daily. The South Sudanese government then summoned Kenya’s envoy to Juba, Samwel Nandwa, to protest the alleged…

Egypt: Inflation continues to climb to a record high

Egypt: Inflation continues to climb to a record high

February 10, 2023

Annual inflation in Egypt hit a new high in January as the country continues to struggle with price increases and currency depreciation, Egypt’s statistics bureau said on Thursday. The Central Agency for Mobilization and Statistics released figures showing that annual inflation rose to 26.5% last month…

Nigerian billionaire set to take over English Championship club Sheffield United

Nigerian billionaire set to take over English Championship club Sheffield United

February 10, 2023

Nigerian tech entrepreneur, Dozy Mmobuosi is close to acquiring Sheffield United, an English Club for around 90 million pounds amid a transfer embargo by the club. Reports say Mmobuosi is allegedly in the final stages of finalising the deal. He is said…