Steve Johnson

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Hichilema Wins Second Term as Zambia’s Economic Recovery Faces New Test

Zambian President Hakainde Hichilema has secured a second five year term after winning the country’s August 13 presidential election, according to official results released...

Thungela Earnings Surge as Coal Prices and Export Volumes Lift South African Miner

South African coal producer Thungela Resources reported a more than doubling in first half profit, supported by stronger thermal coal prices and higher export...

Portugal Moves to Reclaim Stake in REN as Ortega Reduces Exposure to Strategic Grid Asset

Portugal has agreed to acquire a stake in REN, the country’s electricity and gas transmission operator, from Spanish billionaire Amancio Ortega, according to Bloomberg...

Dangote Refinery Targets October IPO as Nigeria Seeks Wider Public Ownership

Nigeria’s Dangote Petroleum Refinery plans to launch a retail focused initial public offering in October, potentially creating Africa’s largest IPO as the 650,000 barrel...

CBN Widens Access to Open Market Operations as Nigeria Reworks Liquidity Management

The Central Bank of Nigeria (CBN) has widened access to its Open Market Operations (OMO), allowing a broader group of eligible investors to participate...

Vodacom Names Khumo Shuenyane as New Chair

South African telecommunications group Vodacom has appointed Khumo Lesego Shuenyane as its next chairman, with the leadership transition scheduled to take effect on July...

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