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Business Africa

Novo Nordisk Owner Launches European Obesity Drug Incubators to Accelerate Medical Innovation

Novo Nordisk Foundation, the controlling shareholder of Danish pharmaceutical...

South African Investor Roelof Botha Joins SpaceX Board in Strategic Reunion With Elon Musk

South African-born venture capitalist Roelof Botha has joined the...

IMF Approves $211 Million Climate Funding Package for Sierra Leone

The International Monetary Fund (IMF) has approved a new...

Nigeria-UAE non-oil trade reaches $5 billion as economic ties deepen

Non-oil trade between Nigeria and United Arab Emirates climbed to $5 billion in 2025, up from $4.3 billion in 2024, highlighting the rapidly expanding...

Hiab agrees $1.04 billion acquisition of truck maker Labrie in major North American expansion

Hiab has agreed to acquire Canadian refuse collection vehicle manufacturer Labrie Environmental Group in a deal valued at approximately $1.04 billion, marking one of...

China’s Morocco investments turn Africa’s biggest car hub into major EV battleground with Europe

Morocco is rapidly emerging as a critical front in the global electric vehicle race as growing Chinese investment transforms the country into Africa’s largest...

Global fruit demand lifts Tunisia’s exports as produce reaches 23 international markets

Tunisia is benefiting from rising global demand for fresh produce as the country’s fruit exports continue expanding across international markets, generating more than $15...

Egypt slashes oil sector debt from $6.1 billion to $440 million to attract fresh energy investment

Egypt has reduced outstanding payments owed to foreign oil and gas companies from $6.1 billion in mid-2024 to just $440 million, as Cairo moves...

DR Congo moves to capture bigger share of global critical minerals wealth amid energy transition boom

Democratic Republic of the Congo, Africa’s largest producer of cobalt and one of the world’s most important sources of critical minerals, is taking steps...

African finance institutions mobilise local capital for ambitious plan to connect 300 million people to electricity

African development finance institutions are intensifying efforts to unlock African capital for one of the continent’s most ambitious infrastructure programmes, as leaders push to...

Morocco emerges as key pillar of China’s global green industrial strategy, Stimson Center says

Morocco is becoming an increasingly important part of China’s global green industrial strategy as Beijing looks to strengthen clean energy supply chains, expand renewable...

Champions League ticket holders hand over phones as resale frenzy fuels profits of up to 1,700%

Champions League final ticket holders are reportedly giving up entire mobile phones to buyers as demand for match access reaches extraordinary levels, creating a...

Nigeria accelerates CNG expansion with launch of high-capacity Abuja booster station

Nigeria’s push to expand compressed natural gas infrastructure received a major boost on May 29, 2026, with the commissioning of a high-capacity CNG Daughter...

Former AfDB chief to lead Botswana diamond fund as country accelerates diversification drive

Akinwumi Adesina has been appointed chairperson of Botswana’s new Diamonds for Development Fund, a strategic initiative created by the Government of Botswana and De...

MiniMax eyes China listing as AI race with DeepSeek intensifies

MiniMax is preparing for a domestic stock market listing in China as it ramps up competition with fast-growing AI rivals such as DeepSeek in...
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