AngloGold Ashanti has reached an agreement to acquire Centamin Company in a transaction valued at around $2.5 billion. This acquisition will grant AngloGold control over the Sukari mine in Egypt, a renowned gold mine globally. Upon finalization, AngloGold shareholders are set to possess approximately 83.6% of the company, while Centamin investors will retain about 16.4% […]
The IMF agreed to offer Egypt a loan worth 8 billion dollars under an Extended Fund Facility to support the country’s economic stability. Following its review, the IMF noted that Egypt’s recovery was slowed by rising global inflation, foreign exchange shortages, and elevated debt levels. Egypt is also struggling with new challenges such as the […]
Nigeria’s Independent National Electoral Commission (INEC) has started announcing state-by-state results from Saturday’s presidential election but the slow process of uploading the results to INEC’s website has fueled worries of malpractice in the country. However, according to the latest reports, Peter Obi of the Labor Party has gotten the most votes in the commercial hub […]
