Black Rock Mining Raises $4.75M for completion of Study on Tanzanian Graphite Mine
Tanzanian graphite developer Black Rock Mining Limited successfully raised $4.2 million through a heavily oversubscribed placement (“Placement”) of 70 million new fully paid ordinary shares at $0.06 per share predominantly [...]
FBI probes Credit Suisse, BNP Paribas and VTB over Mozambique bond
The U.S. Justice Department and Federal Bureau of Investigation are investigating three international banks for their roles in selling about $2 billion of debt for Mozambique according to a report [...]AfDB to help Somalia restore critical infrastructure build capable institutions
The Board of Directors of the African Development Bank Group (AfDB) has approved the Bank’s Somalia Country Brief 2017-2020, under which the Bank will help restore the country’s critical infrastructure [...]Diamond Bank Plans to Focus on Nigeria, Exits other West African Nations
Diamond Bank Plc said it had concluded plans to sell its West African banking operations in order to focus on Nigeria’s significant retail banking opportunity. According to a statement, the [...]RwandAir set to operate direct flights to Brussels
RwandAir, the national carrier of the Republic of Rwanda has announced that the flight schedule of the Brussels route has become non-stop to Kigali effective 31st October, 2017. RwandAir will [...]Acacia Mining's Top Executives call it Quits
In a statement released by Acacia Mining (November 2, 2017) the Tanzanian gold mining company announced that both the Chief Executive Officer, Brad Gordon, and Andrew Wray, the Chief Financial [...]Ethiopian Airlines Becomes First African airline to acquire operate Boeing 787-9 Dreamliner
Ethiopian Airlines Africa's largest and most profitable airline has become the first in the continent to receive and operate the Boeing 787-9 Dreamliner. The Boeing 787-9 Dreamliner is the second [...]Ghana's ESLA 7 Yr Bond Oversubscribed, Pays 19% Yield
Following weeks of marketing of the ESLA backed energy bonds, E.S.L.A. PLC, sponsored by the Ministry of Finance and administered by KPMG, successfully closed one of the largest local currency [...]Malabu scam: UK returns $85m to Nigeria
The Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, said on Thursday last week (October 26, 2017) that Nigeria had recovered $85 million from the [...]Barrick And Acacia Directors Unlikely To Endorse Tanzania Mining Nationalization
Appeared on Frontera (DaMina Advisors) In a major pyrrhic victory for Tanzania’s resource nationalist President John Magufuli, and in a key positive signal to other large mining economies in Sub-Saharan [...]Devaluing the birr: Doing the same thing over and over again and expecting a different outcome
The article below first appeared and published on Addis Standard By J. Bonsa (PhD) At the opening of Ethiopia’s parliament on 9th October 2017, Ethiopia’s President, Dr. Mulatu Teshome, stated [...]East Africa remains Africa's fastest growing region in 2017 AFDB
Expected GDP growth up to 3% from 2.2% in 2016 but down from projected 3.4% Projected to reach 3.7% also down from projected 4.2% in 2018 Steady domestic demand and [...]
