Bond model aims to formalize Africa’s artisanal mining
A new financing model could reshape how Africa manages its vast artisanal mining sector. A “stakeholder prosperity bond,” backed by advisory firm Veridicor and Zambia’s Metalex Commodities, aims to raise $100 million to $200 million to formalize small-scale miners and integrate them into regulated supply chains. Instead of displacing informal miners, the initiative will provide […]
Nigeria’s growth holds firm despite economic shocks
Nigeria’s economy is proving remarkably sturdy, with the World Bank confirming that its 4.2% growth forecast remains intact despite the Iran war. While the conflict and the Strait of Hormuz closure have sent global energy prices soaring, Nigeria’s business activity continues to expand, bolstered by improving external reserves and a shrinking debt-to-GDP ratio. However, risks […]
South Africa leads emerging-market comeback
South Africa is leading a sharp rebound in emerging markets after a ceasefire in the Iran conflict triggered a global relief rally. After taking the hardest hit among emerging markets since the Iran war began, the rand soared nearly 3% in a single day—its strongest daily gain in nine years. Bond yields plunged, and stocks […]
