This partnership could help Ghana in its digitalization agenda, improve service delivery, enhance climate resilience, and build a greener, smarter economy. By aligning with a partner like Denmark, Ghana is expanding its capacity to tackle complex development challenges through technology-driven, inclusive solutions. On April 11, Ghana’s Minister for Communication, Digital Technology and...

African-based investors accounted for 31% of all VC backers in 2024, up from 29% the year before Total venture capital activity in Africa dropped to $2.6 billion, reflecting a global investment slowdown Median deal size rose sharply despite fewer transactions, with debt financing continuing to grow African investors played a bigger role in Africa’s venture capital scene in 2024 than...

In December 2024, Gold Fields applied to extend the mining lease for its Damang gold mine in Ghana, but the government rejected the request, leaving the mine's future uncertain. Gold Fields faces an imminent shutdown of its Damang gold mine in Ghana after the government denied its request to extend the mining lease, which expires on Friday, April 18. The South African mining company confirmed...

Ghana loses over $2.3 billion annually in mining revenues due to artisanal gold smuggling, according to the Wilson Center think tank. The government aims to tackle this issue by tightening regulations and entrusting the newly established Ghana Gold Board with the task. President John Mahama approved the creation of the Gold Board on April 2, 2025. A press release issued on April 14...

As the global race for critical minerals like copper, cobalt, and lithium intensifies, African nations strive to have a more strategic role in these lucrative value chains. Yet, this ambition is hampered by systemic constraints rooted in decades of historical and legal challenges. An April 2025 report by the International Institute for Sustainable Development (IISD) argues that revising or...

Aya Gold & Silver launched a new silver plant in Morocco last year, further boosting its production capacity in the country. Over the same period, it produced 1.65 million ounces. This year, the firm eyes at least 5 million ounces. Aya Gold & Silver reported first-quarter 2025 operating results for its Zgounder silver mine in Morocco on April 11. The Canadian firm announced silver production of...

In 2024, First Quantum Minerals relied on Zambia for 93% of its copper production, with the Kansanshi and Sentinel mines delivering 402,000 tonnes and anchoring the company’s copper portfolio. On April 15, Prospect Resources announced it had reached a deal with First Quantum Minerals to raise A$15.2 million (about US$9.5 million) for the Mumbezhi copper project in Zambia. First Quantum will...

Barrick Gold has suspended production at Loulo-Gounkoto, Mali's largest gold mine, since early 2025. The company decided due to an ongoing dispute with Malian authorities over allegedly unpaid taxes and royalties. Relations between Mali's government and Barrick Gold, the world's second-largest gold producer, remain strained. Malian authorities have recently closed Barrick's offices in Bamako,...

Nigeria’s inflation rate climbed to 24.23% in March 2025 from 23.18% in February This marks the first monthly rise in the inflation rate since the beginning of the year Food, transport, and hospitality costs were the biggest drivers of the increase Nigeria’s inflation rate rose to 24.23% in March 2025, up from 23.18% the previous month. This is the first time the rate has...

Senegal says it will need CFA1.195 trillion ($2.06 billion) to finance its 2025 budget. Government plans to cut this need to CFA155 billion by 2029 if a new IMF deal is reached. PM Sonko calls for a national tax effort and raises the possibility of leaving the CFA franc. Senegal's Prime Minister Ousmane Sonko told lawmakers on April 14 that the country will need CFA1.195...