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Congo Mining Giants Under Fire Over Massive $17B Revenue Discrepancy

A state audit in the Democratic Republic of Congo has uncovered a staggering $16.8 billion discrepancy in mining revenue declarations between 2018 and 2023, raising serious concerns about transparency and accountability in one of Africa’s richest resource nations. According to the Court of Auditors’ June report, mining companies declared $98.2 billion in revenue to tax […]

Botswana, De Beers ink new sales pact to continue diamond partnership

Botswana and mining company De Beers have announced, after years of negotiations, a new diamond sales deal that gives the South African country a bigger share of rough stones from their joint venture. Debswana, a joint venture between De Beers (a subsidiary of Anglo American, a UK-listed multinational mining company) and Botswana’s government, sells 75% […]

Egypt: Nuclear project on temporary hold

Egypt plans to build a nuclear plant is on a temporal hold as it awaits implementations. However, officials prefer to wait for the parliamentary elections to be held first before making any move according to an official familiar with the affair. The nuclear project is considered as a national project and according to a source […]