The Sovereign Fund of Angola achieved a positive result of 7297 million kwanzas (US$44 million) in 2016, the first in its history, reversing the trend of consecutive losses recorded in the reports and accounts of […]
Category: Finance
Mozambique hopes to raise US$500M for renewable energy projects
Mozambique offered a portfolio of small renewable energy projects to foreign investors on Tuesday which it hopes will attract $500 million in investment and give everyone in the southern African country electricity by 2030. Around […]
PR: Fura Enters Into Agreement to Acquire Mozambican Ruby Licences
TORONTO, ONTARIO–(Marketwired – Sept. 19, 2017) – Fura Gems Inc. (“Fura” or the “Company”) (TSX VENTURE:FUR) has entered into an agreement to acquire all of the issued and outstanding shares of Cobadale Ltd. (“Cobadale”), which, […]
Mozambique: No IMF programme without completing audit report
The International Monetary Fund (IMF) has politely made it clear that there will be no normalization of relations with Mozambique until the information missing from the audit of the security-related companies Ematum (Mozambique Tuna company), […]
Syrah Resources seeks A$110m to increase graphite output
Syrah Resources plans to raise A$110 million to fund the ramp up of production at the Balama graphite project in Mozambique, Africa. Melbourne-based Syrah also intends to use the capital it raises to accelerate its battery […]
Tanzanian tough talk is turning off investors
Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has […]
