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World Bank President Ajay Banga on Friday said the development lender has set a goal of quintupling its critical minerals business in five years, and has identified 20 countries that it can partner...
US Treasury Secretary Scott Bessent issued a long list of demands for the World Bank in line with Trump administration interests, including ending the bank's prohibition on financing upstream oil...
The global economy is under threat from persistently high energy prices, record public debt and risks from the AI investment boom, International Monetary Fund MD Kristalina Georgieva warned on...
The World Bank has urged Guinea to use the revenues from the exploitation of the largest iron-ore reserve on earth to diversify and build a stronger economy. “The question we must ask ourselves is...
The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund MD Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating...
Companies licensed to buy gold for Ghana's artisanal gold marketing agency GoldBod have not been paid for up to three weeks, forcing some operators to halt purchases or borrow to stay in business...
Ghana's union of mineworkers delivered a petition to the central bank on Thursday to demand more than 380-million cedis ($34.55-million) they say they are owed and that have been frozen since a...
Tanzania's central bank has bought about 28 metric tons of gold over the past 18 months to bolster its international reserves and support the shilling currency, its Governor Emmanuel Tutuba said....
The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and elsewhere to stockpile...
The International Monetary Fund (IMF) has completed an Article IV consultation in Botswana, which found that the diamond sector is dragging the country’s economic growth down. After growing by...
Across Botswana the lines of patients outside government clinics are lengthening, construction companies dependent on state jobs are firing workers and university students are threatening to...
Diversified mining major BHP Group expects demand for raw materials to remain strong despite global policy uncertainty, with CEO Mike Henry highlighting resilient growth in China and India and an...
Mineral and Petroleum Resources Minister Gwede Mantashe has said the 30% tariffs imposed on South African exports to the US are a form of death throes aggression, alleging that it is a desperate...
The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump...
The African Development Bank (AfDB) has approved a $474.6-million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This IGGGP is the second phase of the bank's...
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and...
As South Africa faces mounting economic pressure, exacerbated most recently by the International Monetary Fund’s (IMF’s) latest downgrade, corporate social responsibility (CSR) is a strategic...
Zambia has held talks with carmakers to entice suppliers to build electric vehicle (EV) components plants near its copper mines. “We have been talking, even last week when I was in Germany, telling...
Botswana's Debswana Diamond Company is temporarily pausing production at some of its mines, cutting output in response to prolonged weakness in the global diamond market, it said on Friday. The...
Algeria is poised to allow wider foreign ownership of mines as the gas-rich nation looks to boost production of minerals including phosphate, iron ore and lithium to diversify its economy. New...
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