Africa Americas Business Emerging Markets Headlines International

U.S. explores multibillion-dollar mineral deals with DRC amid ongoing crisis in country’s east

The United States is engaged in talks to invest billions in the Democratic Republic of Congo (DRC), focusing on the country’s vast mineral resources, including cobalt, lithium, and uranium, crucial for global industries like electric vehicles and mobile phones. This move comes as the DRC faces ongoing conflict in its eastern regions, where Rwanda-backed M23 […]

Emerging Markets Finance Headlines Mauritania

World Bank approves $82.5 million funding to boost Mauritania’s energy and mineral resources

The World Bank approved the “DREAM” project, a major initiative aimed at supporting the development of energy resources and the mineral sector in Mauritania. With a funding of $82.5 million, the project is set to enhance the country’s energy infrastructure by developing electricity storage systems, advancing battery technology, and fostering the growth of green hydrogen. […]

Business Features Finance

New ‘independent’ Africa credit rating agency on track to launch in 2025

A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]