Tag: Mining sector

Botswana signs Oman energy, mining deals to cut diamond reliance
BusinessTechnology

Botswana, Oman strike energy, mining deals to boost Africa ties

Botswana is stepping up efforts to reduce its reliance on diamonds, signing new agreements with Oman that span energy, mining and infrastructure. The deals come as the Southern African country faces softer global demand for diamonds, a sector that has long supported public finances and economic growth.  For years, diamonds have accounted for about a third of Botswana’s economy. But…

Oluwatosin Alao Oluwatosin Alao
Chinese yuan
BusinessHot News

Zambia leads Africa, takes mining taxes in Chinese yuan

At a Glance Zambia has become the first African nation to formally accept China’s yuan for mining taxes and royalties, underscoring Beijing’s growing influence in the continent’s key resource sectors.  The Bank of Zambia confirmed that payments in renminbi began in October, marking a shift in how the world’s second-largest copper producer handles its mining revenues. Chinese mine operators are…

Timilehin Adejumobi Timilehin Adejumobi