Category: African Business
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Where Millionaires in Africa Reside
Where Africa’s Millionaire Population ResidesBelow, we show the number of millionaires in Africa. Countries such as Tunisia and DRC are not included due to insufficient data. Country Number of Millionaires(USD $1M+) Number of Centimillionaires(USD $100M+) Millionaire Growth2015-2025🇿🇦 South Africa 41.1K 112 -6%🇪🇬 Egypt 14.8K 49 -15%🇲🇦 Morocco 7.5K 35 40%🇳🇬 Nigeria 7.2K 20 -47%🇰🇪 Kenya…
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🇲🇼Malawi: Kula Gold plans a first drilling program for the Wozi niobium deposit
Niobium is a metal in demand in metallurgy, electronics, and aerospace industries due to its corrosion resistance. 90% of its production comes from Brazil, but new projects are emerging in Africa. Australian company Kula Gold plans to start drilling at its Wozi niobium project in Malawi in November 2025 after obtaining an exploration license. Preliminary…
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🇲🇱🇳🇪🇧🇫 The creation of a joint confederate parliament
🇲🇱🇳🇪🇧🇫 The creation of a joint confederate parliament will be discussed by representatives of the three countries of the Alliance of Sahel States (ASS) at the negotiations in Ouagadougou. The discussions are attended by the President of the Consultative Council for the Reorganization of Niger, Mamouda Haruna Jingarei, the President of the Transitional Council of…
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🌍 Africa’s Solar Surge
🚨 Imports of Chinese solar panels into Africa jumped 60% in the 12 months through June 2025. 📊 Total imports: 15,032 MW — up from 9,379 MW the year before. 🏆 Biggest movers: • 🇳🇬 Nigeria (1,721 MW, now 2nd) • 🇩🇿 Algeria (1,199 MW, 33× increase) • 🇿🇲 Zambia (8×), 🇧🇼 Botswana (7×), 🇸🇩…
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🇯🇵 Japan-Africa Cultural Exchange Sparks Domestic Uproar in Tokyo
A cultural initiative meant to foster friendship and cooperation between Japan and Africa has unexpectedly ignited fierce debate at home. What began as a symbolic program has now escalated into a flashpoint for deeper social anxieties in Japan. Earlier this year, Tokyo introduced a “hometown partnership” program with four African nations. The project was designed…
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🇬🇶 Equatorial Guinea plans to engage foreign company for geological exploration
The government of Equatorial Guinea has decided to expand studies of the country’s subsoil to obtain accurate data on its mineral resources with the assistance of a foreign company. This was reported by the AhoraEG portal following a meeting chaired by Vice-President Teodoro Nguema Obiang Mangue in the city of Ciudad de la Paz. It…
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🇬🇳 Guinea: A Small Nation with Massive Mineral Wealth Poised to Shape Global Tech Industry
Though modest in size, Guinea is a giant when it comes to mineral resources. Nestled in West Africa, this nation holds the world’s largest reserves of bauxite—a key ingredient in aluminum production—and is emerging as a potential powerhouse in supplying gallium, a critical mineral for semiconductors. With China recently restricting gallium exports, Guinea’s strategic importance…
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🇬🇳Guinea revokes bauxite mining permit from UAE-based company
Guinea’s transitional president, Mamady Doumbouya, has signed a decree cancelling the mineral extraction concession, specifically for bauxite, granted to Guinea Alumina Corporation (GAC), a subsidiary of the Emirates Global Aluminium conglomerate based in the United Arab Emirates. This was reported by the local news portal Investigator Guinee. The revocation of the mining permit is linked…
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🇲🇱 Over 200 illegal gold mining units destroyed in Mali
A tactical unit of the National Guard of Mali carried out an operation from 21 to 23 July to destroy more than 200 illegal gold mining installations along the Djoliba River, according to the Malian Armed Forces. The operation covered the localities of Bankoumana, Hamdallaye, Kangaba, Balanza and Danga. It was reported that over the…
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🇬🇭 DTRT Apparel: Empowering Ghana’s Garment Industry with Pan-African Purpose
DTRT Apparel is quickly becoming one of the leading players in Africa’s textile and apparel sector. Based in Ghana, this homegrown company is not only making waves in global supply chains but also standing as a symbol of African resilience, innovation, and empowerment. With a workforce of nearly 2,500 people—primarily young Ghanaians—DTRT Apparel demonstrates the…