Zimbabwe could become world’s No. 5 lithium producer, buoyed by $1bn Chinese investment

After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, massive Chinese investment could help catapult Zimbabwe to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution, mining consultancy CRU said. The investments by Chinese companies, including […]

Morocco expects $10 Bln in remittances & $8.4 Bln in travel earnings in 2022

Remittances by Moroccan expatriates are expected to increase by 12.9 pc to $10 billion in 2022 before dropping by 4pc to $9.6 billion in 2023 due to the deterioration of economic conditions in the host countries, according to the forecasts of Morocco’ Central bank. As for travel receipts, they are projected to end the year […]

Kenya’s electricity firm secures Geothermal Deal in Ethiopia

Kenya Electricity Generating Company (KenGen) has signed an agreement to provide geothermal drilling services to state-run Ethiopian Electric Power (EEP). According to EEP CEO, Dr. Abraham Belay, Ethiopia had tried to venture into geothermal development as far back as 1981 but was yet to make a commercial breakthrough. The country has some geothermal drilling rigs […]