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What is artisanal gold and why is it booming?

Artisanal miners sluice for gold by pouring water through gravel at an unlicensed mine near the city of Doropo, Ivory Coast, February 13, 2018. PHOTO BY REUTERS/Luc Gnago
Artisanal miners sluice for gold by pouring water through gravel at an unlicensed mine near the city of Doropo, Ivory Coast, February 13, 2018. PHOTO BY REUTERS/Luc Gnago
15/01/2020

(Reuters) - A rapid rise in the price of gold since 2000 has driven millions of people to deposits in Africa, South America and elsewhere where they dig for gold using basic technology.

Nigeria seeks to boost revenue, support small firms with new finance law

Nigeria's President Muhammadu Buhari attends the opening of the 56th Ordinary Session of the ECOWAS Authority of Heads of State and Government in Abuja, Nigeria, December 21, 2019. PHOTO BY REUTERS/Afolabi Sotunde
Nigeria's President Muhammadu Buhari attends the opening of the 56th Ordinary Session of the ECOWAS Authority of Heads of State and Government in Abuja, Nigeria, December 21, 2019. PHOTO BY REUTERS/Afolabi Sotunde
By Chijioke Ohuocha and Alexis Akwagyiram
14/01/2020

LAGOS (Reuters) - Nigerian President Muhammadu Buhari has signed into law a new bill that seeks to boost government revenue through a rise in the value-added tax rate while at the same time supporting small businesses in Africa's biggest economy.

Zimbabwe finance minister sticks to 3% growth forecast despite poor rains

Zimbabwe Finance Minister Mthuli Ncube arrives to present the 2020 National Budget at Parliament Building in Harare, Zimbabwe, November 14, 2019. PHOTO BY REUTERS/Philimon Bulawayo
Zimbabwe Finance Minister Mthuli Ncube arrives to present the 2020 National Budget at Parliament Building in Harare, Zimbabwe, November 14, 2019. PHOTO BY REUTERS/Philimon Bulawayo
13/01/2020

HARARE (Reuters) - Zimbabwe's finance minister maintained on Monday that the country's economy would grow 3% this year despite poor rains that have hurt some crops and persistent power cuts that have hit mines and industry.

Kenya plans to refinance or exchange commercial debt with cheaper options

Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya, September 12, 2019. PHOTO BY REUTERS/Njeri Mwangi
Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya, September 12, 2019. PHOTO BY REUTERS/Njeri Mwangi
06/01/2020

NAIROBI (Reuters) - Kenya plans to refinance or substitute commercial loans with cheaper options from friendly nations or development financiers, its acting finance minister said on Monday.

South Africa's Eskom resumes power cuts after Medupi fault

A general view of the construction site at the Medupi power station in Lephalele, April 11, 2013. PHOTO BY REUTERS/Siphiwe Sibeko
A general view of the construction site at the Medupi power station in Lephalele, April 11, 2013. PHOTO BY REUTERS/Siphiwe Sibeko
05/01/2020

JOHANNESBURG (Reuters) - South Africa's struggling state electricity firm Eskom said on Saturday it would cut up to 2,000 megawatts (MW) of power from the national grid overnight, after a conveyor belt failure at its Medupi coal-fired power station.

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