Africa Business Emerging Markets Headlines International

Nigeria: govt’s new policy to force mining firms to process minerals locally

Nigeria’s government has announced it will only grant new mining licenses to companies committed to process extracted minerals locally, signaling a major shift from the West African country’s long-standing policy of exporting raw materials. Under new guidelines being developed by Nigeria’s government, the new mining licenses will only be granted to those firms that present […]

Africa Energy Headlines International

Africa: Fitch advises mining firms to invest in renewable energy

A report published by Fitch Solutions has indicated that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa, mining companies operating in the region should invest in renewable energy. “Off-grid mines could benefit from reducing mining companies’ dependency on diesel while taking advantage of the favorable climate conditions in the area,” Fitch […]