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China Prioritizes Investments Over Debt Relief, Commits $50.7 Billion to Africa

NAIROBI/BEIJING, September 7 (FinanceFlashNews) – China has opted to focus on fresh investments rather than sweeping debt relief for African nations, announcing a commitment...

Saxo Bank: Threat of Cocoa Shortage Keeps Prices Well Above Long-Term Average

Cocoa prices remain well above the long-term average due to the threat of shortages caused by adverse weather and crop diseases. In April, cocoa prices...

Unemployment in South Africa Surges Above 33%, Highest in Two Years

Pretoria, August 13 – Unemployment in South Africa rose above 33% in the second quarter, marking the highest level in the past two years....

HB Deal Boosts Lucara Diamond Sales

Lucara Diamond Corp. saw a rise in both sales and earnings during the second quarter, as its supply agreement with HB and a focus...

Powerful Earthquake Hits Morocco: Death Toll Rises to 2,497, Damage Estimated in Billions

A devastating earthquake with a magnitude of 6.8 struck Morocco on the evening of Friday, September 9, 2024. The epicenter was located in the...

Nigeria Loses $1,000 Per Barrel on Crude Oil Exports

Financeflsahnews - Nigeria is incurring a significant loss of $1,000 on every barrel of crude oil it exports, according to energy policy expert Henry...

Lucapa Diamonds Seeks Buyer for Mothae Diamond Mine in Lesotho

Johannesburg, May 15, 2024 – Australian diamond company Lucapa Diamonds is looking to sell its 70% stake in the Mothae mine in Lesotho. The...

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