{
}
Cauridor, co-founded by Oumar Rafiou Barry, has achieved over 90% revenue from its payment rails division, reaching a total payment volume of $500 million in 2024. With plans for expansion into Mali and Nigeria, the company is also exploring blockchain integration to enhance cross-border payments in Africa.Meanwhile, Libya's first B2B e-commerce platform, Alkremeya, has launched to modernize the grocery supply chain, aiming for regional expansion across North Africa and the Middle East. The platform connects retailers with importers, streamlining procurement and enhancing transparency.In Egypt, Souhoola has partnered with Visa to launch a new prepaid card aimed at promoting financial inclusion and improving the shopping experience for Egyptians, set to launch in 2025.
Elon Musk's Department of Government Efficiency has canceled a $21 million grant aimed at boosting voter turnout in India, citing concerns over government efficiency and questionable overseas political activities. The BJP condemned the funding as "external interference" in India's electoral process, linking it to foreign influence, particularly from George Soros. Additionally, $29 million intended for political strengthening in Bangladesh has raised suspicions of U.S. involvement in recent political upheavals there.
Mali's government continues to assert its claims against foreign mining companies, recently detaining employees of Barrick Gold Corp. amid disputes over back taxes. The country is demanding $500 million from Barrick, while Resolute Mining Ltd. has already paid $130 million of a $160 million settlement related to tax assessments.
Four employees of Barrick Gold Corp. have been arrested by Mali’s military government amid escalating disputes over the company's local mining operations. Charged and detained pending trial, Barrick denies the allegations and aims to engage with the Malian government for a sustainable resolution.
Terry Holohan, CEO of Resolute Mining Ltd., along with two employees, has been released from detention in Mali following a $160 million tax dispute settlement with the government. The trio was held in Bamako for over a week before departing the country after meetings with tax and mining authorities.
Mali has released three executives from Resolute Mining Ltd., including CEO Terry Holohan, after detaining them over a tax dispute. Their release followed a $160 million deal struck between the company and the government, formalized through a memorandum of understanding.
Mali is demanding approximately $160 million from Resolute Mining Ltd. to settle a tax dispute following the detention of CEO Terry Holohan and two colleagues in Bamako. The executives were held after Holohan's meetings with the country's tax and mining authorities, amid increasing pressure from the military government on mining companies to renegotiate economic terms.
Resolute Mining Ltd's CEO has been detained in Mali amid a regulatory overhaul in West Africa, as governments seek to boost revenue from natural resources. The military junta in Mali is intensifying its scrutiny of mining operations, affecting both Resolute and Barrick Gold Corp., which faces similar challenges. Other countries in the region, including Niger and Burkina Faso, are also revising mining codes and conducting audits.
Terry Holohan, the CEO of Resolute Mining Ltd., along with other executives, has been detained by Mali's military-controlled government. The detentions occurred over the weekend, as reported by sources familiar with the situation who requested anonymity.
Barrick Gold Corporation, which explores and sells silver and energy materials, has ownership interests in gold mines across several countries, including Argentina and the United States. Recently, UBS Group downgraded its rating from "strong-buy" to "hold," while other analysts maintain a "Moderate Buy" consensus with a target price of C$30.77. The company reported a quarterly EPS of C$0.44, exceeding expectations, and has seen insider trading activity with both purchases and sales of shares.
MLI
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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