Tag: Gold

Tanzania strengthens gold reserves as Central Bank buys 28 tons
BusinessGlobal News

Tanzania strengthens gold reserves as Central Bank buys 28 tons

Tanzania's central bank bought 28 metric tons of gold to strengthen foreign reserves, support the shilling and bolster long-term economic stability.

Oluwatosin Alao Oluwatosin Alao
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe loses $800 million in under five months

Patrice Motsepe loses $800 million in under five months as Harmony Gold and ARM shares tumble on the JSE amid a broader precious metals retreat.

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
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Ghana set to ramp up gold purchases as mining rules tighten for foreign firms

Bank of Ghana to buy 30 percent of miners’ gold output from June 1 to boost reserves, stabilize currency, and expand local refining.

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
Hot NewsBusiness

Zimbabwe restricts small-scale gold mining to citizens, tightening sector rules

Zimbabwe restricts small-scale gold mining to citizens in policy shift aimed at boosting local control and retaining mining earnings.

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Naguib Sawiris, one of Africa's richest individuals.
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Egyptian billionaire Naguib Sawiris’ net worth hits $11.3 billion as $400 million flows into gold

Egyptian billionaire Naguib Sawiris boosts wealth to $11.3 billion as $400 million flows into gold, strengthening his mining portfolio.

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
BusinessHot News

Ghana orders Newmont, AngloGold, Zijin to hand mining work to locals by December 2026

Regulators in Ghana direct Newmont, AngloGold Ashanti and Zijin Mining to shift operations to local contractors by December 2026.

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
BusinessHot News

U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners warn higher rates could hurt Africa’s top gold producers.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals profit
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South African billionaire Patrice Motsepe returns to Forbes top 1,000 richest

South African billionaire Patrice Motsepe returns to Forbes 1,000 richest after $300 million mining surge and fintech growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Africa’s first Black billionaire recovers $100 million after $400 million drop

Africa’s first Black billionaire Patrice Motsepe rebounds $100 million after a $400 million drop, boosted by gold and mining stakes.

Omokolade Ajayi Omokolade Ajayi