6th July 2026  /  EAGLE FM

Prime Minister Elijah Ngurare has called on executive directors to eradicate the culture of poor implementation, weak accountability and wasteful public spending, insisting that the success of the eighth administration will be judged by its ability to deliver timely, effective
services and complete national development projects rather than by the volume of policies it produces.

Even though experts have warned African country for decades, many African countries are still taking out risky loans that they pay back with their natural resources (like minerals) instead of cash. These “minerals-for-infrastructure” (resource-backed financing) deals remain a problem because they are still done in secret, the countries have very little
bargaining power, and they often miscalculate the true, long-term value of the resources they are giving away.

Chinalco’s $15 million acquisition of Namibia’s Opuwo copper cobalt project – the largest cobalt deposit outside the DRC – underscores China’s strategic push to diversify its cobalt supply and secure critical minerals amid intensifying global competition..