Fitch rating

Cobalt prices increase following DRC’s export ban

Prices of cobalt, a key mineral for energy transition, began to rise following an export ban by the Democratic Republic of the Congo to balance the market. On China’s Wuxi Stainless Steel Exchange on Monday, cobalt trading was paused after prices jumped nearly 12%, the highest since October. Last month, DRC said it will stop […]

Zanzibar launches new Wasoko tech hub for start-ups

The launch of the Wasoko Innovation Hub in Zanzibar by African e-commerce company Wasoko, in partnership with the regional government, marks the latest milestone in its rapid growth journey, which saw the start-up named as Africa’s fastest growing company by the Financial Times in May 2022. Located in Fumba Town, the Wasoko Innovation Hub will […]

Niger to build base for armed drones to strengthen security at border with Libya, Mali

Niger plans to build a base for armed drones to strengthen its defense and security capabilities in combating terrorism and for closely monitoring the security situation across its borders with Libya and Mali. The planned base will be established in Tahoun, central region of the West African country, local Actu Niger newspaper reports. The project, […]