Mali: Tragedy strikes informal mining sector, dozens perish in mine collapse

A devastating collapse at an illegal gold mine near Kéniéba in Mali’s western Kayes region has claimed over 40 lives, predominantly women, highlighting the perilous nature of informal mining operations in one of the world’s major gold-producing nations. The tragedy occurred when prospectors entered abandoned open-pit areas in search of remaining gold deposits. This catastrophe, […]

Moroccan reinsurer SCR rebrands as Atlantic Re with African expansion plans

Morocco’s Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re, marking a strategic pivot toward continental expansion. The announcement, made Thursday, follows the inauguration of the company’s new headquarters at Casablanca Finance City. The 65-year-old reinsurer, a subsidiary of state investment fund CDG, positions this rebranding as part of a comprehensive transformation strategy […]

Tuna bond scandal: Mozambique and Swiss UBS bank reach out-of-court settlement

Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]