African Stories in Perspective
African Stories in Perspective
Nairobi, Kenya – Global financial markets were rocked Tuesday after gold surged to a fresh record and the US dollar weakened, as escalating tensions between US President Donald Trump and Federal Reserve Chair Jerome Powell heightened fears over the independence of the world’s most influential central bank. Investors fled US assets amid growing concern that […]
KAKAMEGA, Kenya — British mining firm Shanta Gold Limited has announced the discovery of one of Kenya’s largest gold deposits to date, valued at approximately KSh 683 billion, in Kakamega County. According to an Environmental Impact Assessment (EIA) report submitted to the National Environment Management Authority (NEMA), Shanta Gold’s Kenyan subsidiary confirmed the presence of […]
ACCRA/DAR ES SALAAM/KAMPALA – Ghana, Tanzania and Uganda face the highest risk in Africa of a sharp drop in their foreign-exchange reserves if global gold prices suddenly tumble, Fitch Solutions’ BMI unit has warned. The three countries rely heavily on bullion for export revenues, with gold accounting for as much as 45% of Ghana’s export […]
Busia, Uganda – Prime Africa News | In a groundbreaking development poised to reshape Uganda’s economic landscape, the Ministry of Energy and Mineral Development has announced the discovery of an estimated 31 million metric tons of gold across the country. This revelation positions Uganda as a major future player in global gold markets. Solomon Muyita, […]
Fighters from the Rwanda-backed M23 movement seized control of a key mining settlement in Democratic Republic of Congo, their latest advance in the country’s war-torn east, local sources said on Sunday. Residents told Prime Africa by telephone that the armed group took control of Lumbishi, a mineral-rich site in the Sud-Kivu region, around 1530 GMT […]
