BRICS setting up its own credit rating agency

Experts on regional strategic policy have urged BRICS member countries to step up efforts towards setting up its own credit rating agency as an effective mechanism to consolidate the bloc’s new multifaceted spheres of cooperation. BRICS (Brazil, Russia, India, China and South Africa) is currently working on a set of new proposals including the establishment…

Congo’s Miners Face Harsh New Reality as Mining Law Finalized

The options for mining companies battling new legislation in the Democratic Republic of Congo — Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt — have just about run out. After six months of lobbying, companies including Glencore Plc and Randgold Resources Ltd. have got nowhere in their battle to push back against the mining…

Mozambique to spend US $100 m on four development projects

A whopping US $100m will be spent on four development projects in Mozambique with funding set to come from the Chinese government; this was confirmed during the 6th session of the Joint Commission between the two countries. The four projects include the construction of the Gorongosa Technical Institute in Sofala, construction of Xai-Xai airport in…

Off grid investments ideal for Africa’s energy sector

With recent reports estimating that six hundred million people are without access to electricity in sub-Saharan Africa, significant and sustained investment is required across Africa’s entire energy generation and supply value chain. While even a decade ago meeting Africa’s energy backlog was considered unaffordable, today, many largely technology-driven factors are creating new opportunities for investment…