Africa / News
Kenya Pipeline Company privatisation via IPO temporarily blocked by High Court in Nairobi
The High Court in Nairobi has temporarily halted the government’s plan to privatise the KPC by selling up to a 65% stake in the pipeline company - without what a consumer group calls "proper" public participation.
Top Kenyan telecom Safaricom cleared to lay subsea internet cables off Mombasa port
With eight new data centres under construction and 100 MW of additional capacity expected by 2030, Safaricom’s cable will strengthen cross-border connectivity on the Indian Ocean rim, and improve redundancy for existing routes.
Ghana think tank demands answers over minister, central bank rift on gold-for-oil scheme
Ghana’s flagship Gold-for-Oil (G4O) scheme, which aimed to cut demand for US dollars to import fuel, was launched in response to a spiralling foreign exchange crisis and surging inflation.
South Sudan rejects claims of Gaza resettlement discussions with Israel
South Sudan denies reported Israel talks on Gaza Palestinian resettlement as international community condemns forced displacement proposals violating international law.
Canada’s Asante Gold secures $172mn in equity to fund Ghana mine expansion
Canada’s Asante Gold Corp. said it has received the net proceeds from its C$237mn ($172mn) equity offering, marking a key step in a $500mn financing plan to expand its mining operations in Ghana.
South Africa's African Bank recovers from 2014 collapse, eyes JSE return in 2027
CEO Kennedy Bungane said African Bank has bounced back, adopting a business model embracing traditional and modern banking channels. "It is that knowledge that propels us towards an IPO."
ASP Isotopes set for Johannesburg listing, will acquire Renergen, advance uranium enrichment plans with NECSA
Nasdaq-listed ASP Isotopes plans to list on the JSE and acquire 100% of South Africa’s only onshore helium and LNG producer while advancing uranium enrichment plans with NECSA.
Kenyan retailers roil against proposed sweeping curbs on online alcohol sales, influencer promotions
If implemented, the measures would disrupt a delivery-based retail model for alcohol sales that grew sharply during COVID-19 restrictions. Critics warn the ban could push sales into unregulated channels and fuel counterfeit production.
Ghana launches gold coin to bolster savings and monetary policy
The Ghana Gold Coin is designed as a hedge against inflation, a store of value during currency swings, and an alternative to volatile equities or bonds.
US imposes travel restrictions on personnel in Zambia’s Copperbelt over toxic spill
The US government has imposed travel restrictions and reassigned personnel in parts of Zambia’s Copperbelt Province following a toxic spill from the Sino Metals Leach Mine.
Russia demands Central African Republic replace Wagner with Africa Corps and pay in cash
Wagner personnel have played a central role in protecting President Faustin-Archange Touadéra's administration in the Central African Republic.
Ghanaian ministers of defence, environment die in helicopter crash along with six others
Ghana's ministers of defence and environment died in a military helicopter crash on August 6, along with six other people, as they travelled to an event related to the ongoing battle against widespread illegal gold mining.