Dozens of Zambian farmers have filed a landmark $220 million lawsuit against Chinese mining company Sino-Metals Leach (SML), alleging that a catastrophic toxic spill in February devastated their land, poisoned water sources, and endangered public health. The suit follows the collapse of a mining waste dam near Kitwe, in Zambia’s Copperbelt, which released tens of […]
African leaders and business executives, at the World Governments Summit in Dubai, sought to strongly challenge the persistent myths about investment risks in Africa. Speaking in one of the panels, Akinwumi Adesina, president of the African Development Bank (AfDB), presented data revealing that Africa’s risk profile is far lower than commonly believed, with a loss […]
Italian car company Iveco in collaboration with Algerian Ival group will start producing cars in Algeria by end of 2016 according to Ival CEO who made the announcement on Tuesday. Ival CEO Mohamed Baïri was speaking on the sidelines of the signing of a protocol of agreement for the establishment of a joint Algeria-Italy industrial […]
