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M-Pesa reaches 50m monthly active customers

By: Natasha Odendaal     24th September 2021 Fintech platform M-Pesa has surpassed the milestone of 50-million monthly active customers. The number of active customers on M-Pesa, which was launched in Kenya in 2007, has doubled over the past five years, after reaching 25-million customers in 2016. 

GoldStone says Homase grade, tonnes to be within expectations

By: Donna Slater     17th September 2021 Having commissioned, in July and August, a carbon in solution (CIS) plant and having mining the first four benches of the Krodua pit within its Ghana-based Homase mine, Aim-listed gold explorer and developer GoldStone Resources reports that all indications thus far point to the grade and tonnes... 

Ghana signs $1.2bn deal to develop its bauxite resources

By: Bloomberg     17th September 2021 Ghana has picked Rocksure International as a strategic partner to build a mine and refinery in a bid to develop an industry out of its untapped bauxite reserves. The Accra-based company will own a 70% stake in the project and the state-owned Ghana Integrated Aluminium Development Corp. will have... 

SA telcos moving aggressively to add fintech offerings to mobile money base

By: Natasha Odendaal     17th September 2021 South Africa’s major telecommunications companies are accelerating their financial technology (fintech) strategies and betting big on Africa’s untapped digital economy potential to bolster dwindling traditional revenues in an ever-evolving digital era. Boasting huge volumes of customers with... 

Volkswagen celebrates seven decades of manufacturing in South Africa

By: Irma Venter     17th September 2021 The first Volkswagen manufactured in South Africa, a Beetle, rolled off the assembly line on August 31, 1951. This means the German manufacturer celebrates its seventieth anniversary of producing cars in South Africa this year. 

Resolute reduces debt further

By: Esmarie Iannucci     10th September 2021 Gold miner Resolute Mining has voluntarily repaid an additional $30-million on its revolving credit facility (RCF), using proceeds from the recent $90-million sale of the Bibiani gold mine, in Ghana, to Asante Gold Corporation. Resolute on Friday told shareholders that the latest voluntary... 

Asante awards early works EPCM contract to fast-track Bibiani

By: Creamer Media Reporter      8th September 2021 CSE-listed Asante Gold has awarded an early works engineering, procurement and construction management (EPCM) contract to Ghana-based Harlequin to initiate the refurbishment of the three-million-tonne-a-year Bibiani mine processing plant. Harlequin, based in Takoradi, would focus on building... 

Gold contributing towards efforts to achieve UN SDG 3  

By: Tasneem Bulbulia     7th September 2021 The gold industry is committed to supporting the achievement of the UN Sustainable Development Goals (SDGs), but the Covid-19 pandemic has severely impacted the progress being made towards achieving the SDGs, the World Gold Council (WGC) notes. It highlights that this has made the contributions... 

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

Acquisition improves manufacturing capability, export ability

By: Cameron Mackay     3rd September 2021 Industrial equipment supplier Fabchem Mining entered into a written agreement to acquire original-equipment manufacturer (OEM) VULA Drilling last month. Fabchem will complete the acquisition once all conditions are fulfilled. Fabchem Mining manufactures, distributes and supplies underground... 

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