Coal mining

Zambia’s mining royalty tax set at 9%

VENTURES AFRICA – Zambia’s cabinet on Monday said it had ratified suggestions to place the southern African country’s royalty tax rate for open cast and underground mining at 9 percent. The gov...
minner

Zambia shelves plan for a new mining tax system

VENTURES AFRICA – In a bid to put to an end a protracted impassé with Zambia’s mining firms, the country’s cabinet ministers have agreed to shelve a proposal for an increase in royalties demanded fro...
1522

Is Sierra Leone the new hotspot for Nigerian banks?

VENTURES AFRICA – First Bank of Nigeria Limited (FBN) is the latest Nigerian lender to set up camp in Sierra Leone. Over the last decade, more than five Nigerian lenders (Guaranty Trust Bank, Z...
MTN has struggled for market in South Africa, its home country
Credit: ITVNews

MTN eyes $1bn windfall from Iranian nuclear deal

VENTURES AFRICA – South Africa-based telecommunications company, MTN Group, has said it will be able to transfer about $1 billion in accumulated dividends and a loan repayment from its Iranian ...