Courtesy of The Africa Report, a look at how – over the past two years – Rwanda has been aggressively expanding its businesses, including the commercial wing of President Paul Kagame’s party, Crystal Ventures, and its foreign-focused subsidiary, Macefield Ventures. These expansions have reached countries such as the Central African Republic, Mozambique (where the Rwandan […]
Read more »Via Africa: The Big Deal, a look at how Central Africa has claimed less than 1% of all the funding raised by start-ups on the continent since 2019: After covering Eastern, Northern, Western and Southern Africa, our last stop on our tour of the continent’s regional ecosystems naturally takes us to Central Africa. With only $82m+ raised by start-ups since 2019, the region […]
Read more »Via Week In China, an article on the struggle for a “monster” lithium deposit in Africa: Chinese ambitions to take control of the biggest lithium mine in Africa looked dead in the water in April 2020 after Canberra blocked the ASX-listed miner AVZ Minerals from selling an 11.8% stake to Chinese firms including CATL (see […]
Read more »Via SportTechie, an article on a planned large-scale investment in the DRC: BlueTech Investments, a private equity firm led by Hall of Fame basketball player Dikembe Mutombo, is investing $1 billion toward ethical mining projects in the Democratic Republic of Congo. The funds aim to support conflict-free mining of copper, cobalt and other minerals needed […]
Read more »Via Oil Price.com, a report on some new countries’ ambitions to join OPEC: Chad, Congo, and Malaysia are all lining up to join OPEC, Gabriel Mbaga Obiang Lima, the energy minister of the cartel’s newest member Equatorial Guinea, told Russian outlet Sputnik on the sidelines of the CERAWeek conference in Houston on Wednesday. In Africa, countries like […]
Read more »Via Ventures Africa, an article on a long awaited IPO for a mining venture focused on the Democratic Republic of Congo: Having filed the much-awaited Initial Public Offering (IPO) of Ivanplats Ltd. on the Toronto Stock Exchange (TSE) earlier this week – hoping to raise at least $300 million in stock sales -, mining billionaire […]
Read more »