South African Defense Minister Nosiviwe Mapisa-Nqakula said the deployment of troops to help end conflicts and promote peace on the continent in the past 16 years has put the department under financial strain.
Democratic Republic of Congo’s state mining company Gecamines plans to boost copper output 46 percent this year even as it’s still seeking funding for new projects, Chief Executive Officer Ahmed Kalej Nkand said.
China Minmetals Corp., the state- owned metals trader, led a group that agreed to pay $5.85 billion for Glencore Xstrata Plc’s Las Bambas copper project in Peru as China seeks greater control over material supplies.
The Public Investment Corp. plans to lead investment in energy projects in Africa by buying into South African shale gas projects and helping to fund what could be the world’s biggest power generation complex in Democratic Republic of Congo.
Economic growth in sub-Saharan Africa is forecast to accelerate to 5.2 percent this year, driven by increasing investment to exploit the region’s natural resources and develop infrastructure, the World Bank said.
An outbreak of Ebola that has killed at least 85 people in West Africa is drawing aid from U.S. disease fighters who will help track the deadly path of a virus with no cure that is fatal in about 90 percent of cases.