Reuters Africa Business

LUSAKA (Reuters) -Zambia’s President Hakainde Hichilema on Monday opened the country’s biggest grid-connected solar power plant, built by PowerChina, which will supply electricity to copper miner First Quantum Minerals. The 100 megawatt Chisamba project is expected to reduce the Southern African country’s reliance on electricity imports from neighbours South Africa and Mozambique. It will free …

Zambia launches 100 megawatt solar plant supplying First Quantum Minerals Read More »

(Reuters) -Gold miner Twangiza Mining SA has accused Rwanda-backed M23 rebels of forcing its employees to work against their will and without pay after seizing its mine in eastern Democratic Republic of Congo. M23 staged a lightning advance earlier this year in eastern Congo, taking control of more land than ever before in North and …

Congo gold miner says M23 rebels force staff to work without pay Read More »

By Maxwell Akalaare Adombila DAKAR (Reuters) -Guinea’s exports of bauxite, a feedstock for aluminium, surged 39% to a record 48.6 million metric tons in the first quarter though regulatory crackdowns sidelined major operators, official data obtained by Reuters showed. Most of this bauxite was shipped to China, where aluminium production has recovered. In the first …

Guinea ships record 48.6 million tons of bauxite as China demand rises Read More »

RABAT (Reuters) -Morocco’s economy grew 4.8% in the first quarter this year, compared with 3% the same period last year, the national statistics agency HCP said. The growth was driven by an improvement in farming and industrial activities, which grew 4.6% and 4.5% respectively, HCP said in a report. Growth was also supported by an …

Moroccan economy grew 4.8% in Q1 Read More »

CAIRO (Reuters) -Egypt’s economy grew by 4.77% in the third quarter of its 2024/25 fiscal year, up from 2.2% in the same quarter a year earlier, as manufacturing activity recovered, the planning ministry said on Monday. The fiscal year runs from July to June. Manufacturing activity grew by 16.3% in the third quarter, recovering from …

Egypt’s economy grows by 4.77% in Q3 2024/25, planning ministry says Read More »

CAIRO (Reuters) -Egypt has begun shutting down some local wheat collection centres ahead of schedule, signalling that the harvest is nearing its end with purchases falling short of the government’s target, according to a supply ministry document seen by Reuters. The shortfall comes as Egypt, often the world’s largest wheat importer, seeks to secure affordable …

Egypt winds down wheat collection as purchases fall short of target, documents show Read More »

(Reuters) -The International Monetary Fund has approved an immediate disbursement of approximately $448.4 million (SDR 326.47 million) to Tanzania under the Extended Credit Facility and Resilience and Sustainability Facility arrangements, the IMF said on Friday. (Reporting by Surbhi Misra; Editing by Leslie Adler)