South Africa mining

No laureate for Mo Ibrahim Prize for second year in a row

The Mo Ibrahim foundation announced Tuesday it will not award the Mo Ibrahim Prize for Achievement in African Leadership this year for lack of qualified candidate, making it the second year in a row that no laureate won the prestigious prize created by the British-Sudanese billionaire Mo Ibrahim. The decision came following a meeting of […]

Morocco, China Teem up to Build $10 bln Industrial Hub Near Tangiers

Set to diversify its global economic partners, Morocco partnered with China to build the Mohammed VI Tangiers Tech city as part of efforts to boost industrialization in the country. King Mohammed VI chaired a ceremony to sign the financing agreement of the $10 billion project which will be funded by Chinese group HAITE (002023.SZ), BMCE’s […]

Visa to inject $1bn in Africa over 5 years to cash in on e-payments boom

Visa Inc has announced plans to invest $1 billion over the next 5 years in Africa in a bid to capitalize on the emerging economy’s rapid growth in digital payments. “Visa has been investing in Africa for several decades to grow a truly local business,” chief executive officer Alfred Kelly Jr said in a statement. […]