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Business Africa

Mauritius Investment Firm to Acquire 26% Stake in Nigerian E-waste Recycler Hinckley

In a significant boost for Nigeria's burgeoning e-waste recycling sector, uMunthu Investment Company II, a Mauritius-based private equity fund, is set to acquire a...
Business Africa

Zimbabwe to Ban Lithium Concentrate Exports from 2027, Boosting Domestic Value Chain

Zimbabwe is set to implement a sweeping ban on the export of lithium concentrates beginning January 2027, marking a pivotal move in its quest...
Business Africa

CBN Refutes Claims of Extended BDC Recapitalisation Deadline

The Central Bank of Nigeria (CBN) has firmly dismissed circulating reports suggesting that the deadline for Bureau De Change (BDC) operators to meet new...
Business Africa

Unstable Power Supply A Major Roadblock to Nigeria’s Tech Sector Growth, Says NACC Acting DG

Nigeria's aspirations to become a leading hub in the global technology landscape will remain unfulfilled without a consistent and stable power supply, according to...
Business Africa

Nigerian Crude Commands Premium: Bonny Light Edges Brent, New “Obodo” Blend Hits Market

Nigeria's crude oil benchmarks are currently experiencing a favorable market dynamic, with the nation's flagship grade, Bonny Light, trading at a slight premium over...
Business Africa

Ethiopia Leads the Charge as Dangote Cement’s Pan-African Revenue Soars to N1.4 Trillion

Dangote Cement Plc, Africa's largest cement producer, reported a remarkable year in 2024, with its Pan-African operations generating a robust N1.48 trillion in revenue.  This...
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