Diamond mining giant Debswana will close a diamond mine in Botswana as the firm struggles to make profit from mining lower value diamonds due to weak demand and trading disruptions caused by the coronavirus pandemic. Debswana Mining Company is equally owned by De Beers and the Botswana government, and is among the largest diamond miners…
South African state defence company Denel has received a reprieve after the government eased the terms of $37 million bailout it received for the financial year that ends in March 2021. The Ministry of Finance had allocated the bailout to pay off guaranteed debt, but Denel requested for permission to use the outstanding $13 million…
Sudan has closed parts of its border with Ethiopia with the government wary of violence spilling over. State news agency SUNA reported that the decision was made due to the ongoing heavy fighting in Ethiopia’s northern Tigray region after Prime Minister Abiy Ahmed launched a military invasion. SUNA also reported that the local government in…