There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed…
As smartphones and internet technologies become increasingly accessible in Africa, the continent has become a lucrative market for the eCommerce industry. According to the numbers presented by StockApps.com, the African eCommerce market will reach annual revenue of $46.1 billion by 2025. Africa is shaping up to be the next hotbed for internet-based businesses. As smartphones and the internet become…
By Virusha SubbanPartner specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie. Trade between China and Africa is growing. The General Administration of Customs of China recently noted that bilateral trade between China and Africa amounted to US$254.3 billion in 2021, an increase of 35.3% from 2020. In the first quarter of 2022, China’s Customs…
Summary Egypt has successfully launched a new satellite dubbed Nilesat 301 on the SpaceX rocket Falcon 9 from Florida. The launching and the separation of Egypt’s new satellite Nilesat 301 from the Space X Falcon 9 rocket was broadcasted live. The new satellite was successfully launched into space at 11:03 pm Cairo Local Time, and the first signal was…
South Africa will consider the adoption of more official languages as a way of recognising people who have historically been repressed in the country. Parliament’s Joint Constitutional Review Committee (JCRC) received a presentation this week on potentially amending the Constitution to recognise Khilovedu and Kiswahili as official languages in South Africa. Co-chairperson of the committee, Prof Mathole Motshekga, said…
(RTTNews) – Swedish audio streaming platform Spotify Technology S.A. said it aims to reach a billion users over the next eight years, by 2030, and $100 billion revenue annually in the next 10 years. In its first investor day since going public in 2018, in New York, the company said it expects high-margin returns from its expansion into podcasts…
(RTTNews) – Swedish audio streaming platform Spotify Technology S.A. said it aims to reach a billion users over the next eight years, by 2030, and $100 billion revenue annually in the next 10 years. In its first investor day since going public in 2018, in New York, the company said it expects high-margin returns from its expansion into podcasts…
The football World Cup 2022 is set to kick off at the end of this year. Fans are anticipating the African players who will or will not be playing for their nation in Qatar this year. Bettors are already frantically placing their bets on sites like Betway casino. #FeaturebyLihet – Amongst the lot who will miss out this year,…
Communications minister Khumbudzo Ntshavheni says South Africa is ready to launch its first communications satellite as part of a growing push to expand internet connectivity. Speaking at the World Telecommunication Development Conference on Wednesday (8 June), Ntshavheni said the satellite will address both media and broadband connectivity objectives. It will also help entrench the country’s ‘technology and data sovereignty’,…
Communications minister Khumbudzo Ntshavheni says South Africa is ready to launch its first communications satellite as part of a growing push to expand internet connectivity. Speaking at the World Telecommunication Development Conference on Wednesday (8 June), Ntshavheni said the satellite will address both media and broadband connectivity objectives. It will also help entrench the country’s ‘technology and data sovereignty’,…