Reuters Africa Business

By Brian Benza GABORONE (Reuters) -Botswana expects economic growth of 4% this year while targeting medium-term growth of 5.7%, and the government plans to ramp up infrastructure investment, its finance minister said on Monday. The diamond-rich southern African country now sees its 2023/24 budget deficit at 3.06% of gross domestic product (GDP), compared with 2.1% …

Botswana sees 2023 growth of 4%, plans infrastructure drive Read More »

CAPE TOWN (Reuters) – Mopani Copper Mines will secure a new investor by the end of this quarter, Zambia’s mines minister Paul Kabuswe said on Monday, calling the complex owned by state mining investment firm ZCCM-IH a “critical asset” for the country’s copperbelt. There are 10 suitors for the mine and smelter complex, including South …

Zambia’s mining minister expects Mopani Copper Mines deal by end-March Read More »

(Refiles to remove extraneous text) CAPE TOWN (Reuters) – Diamond miner Petra Diamonds invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation. The diamond mining industry is dominated by Russia’s Alrosa on one hand, and Anglo American’s ddDe Beers on the other, with the remainder of …

Petra Diamonds open to M&A deals, CEO says Read More »

(Reuters) – Sibanye Stillwater has received a key environmental permit for its Keliber lithium mining and processing project in Finland, clearing the path for a facility to supply the European battery market, the company said on Monday. Sibanye said the environmental approvals for the project’s Rapasaari mine and Paivaneva concentrator it received from the regional …

Sibanye Stillwater gets key permit for Finland lithium project Read More »

By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the embattled West African nation to form a creditor committee quickly to help it restructure its debt. “I would like to call on all …

China must join Ghana debt restructuring effort soon, Germany’s Lindner says Read More »

By Sudip Kar-Gupta PARIS (Reuters) – The head of TotalEnergies met Mozambique President Filipe Nyusi on Friday to discuss the humanitarian situation in the Cabo Delgado area, where a 2021 attack on civilians led to a key liquefied natural gas (LNG) project being halted. The French company said on Friday that its chairman and chief …

TotalEnergies’ head met Mozambique President with key gas project at stake Read More »