Business Insider Africa

South Africa has reinforced its position as one of Africa's leading financiers of large-scale mining projects after one of its biggest banks underwrote a $500 million credit facility for AngloGold Ashanti's Geita gold mine in Tanzania.

South African bank Nedbank underwrote a $500 million credit facility for AngloGold Ashanti's Geita gold mine in Tanza...

Africa's leading diamond producer, Botswana, has reinforced its status as a global powerhouse in the gemstone industry after a massive 1,305.4-carat diamond was recovered from the country's renowned Karowe mine, adding yet another extraordinary discovery to its record of producing some of the world's largest and most valuable diamonds.

Botswana has re...

The global diamond mining giant, De Beers, has decided to halt operations at the Venetia mine, the largest diamond mine in South Africa.

De Beers has decided to halt operations at the Venetia mine, South Africa's largest diamond mine, due to unfavorable market conditions.The pause in operations will last for two years and affects over...

Nearly 2,000 Ethiopian nationals have been granted a royal amnesty by Saudi Arabia following sustained diplomatic engagement between Addis Ababa and Riyadh.

Nearly 2,000 Ethiopian nationals have been granted royal amnesty by Saudi Arabia after diplomatic efforts by Ethiopia.The amnesty comes amid international concerns over the treatment and execution...

Hassan Allam Holding is studying public listings for selected real estate and infrastructure subsidiaries on Gulf stock exchanges, the Egyptian Exchange, or both, as the construction giant deepens its expansion across Saudi Arabia and the wider Gulf. The family-owned parent company will remain privately held.

Hassan Allam Holding is considering listi...