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Business Africa

Eric Trump Expands Family’s Defence Portfolio With Space-Eyes Investment

Eric Trump has expanded the Trump family’s presence in...

FIFA Abandons World Cup Stake Sale Plan After Global Backlash

FIFA has abandoned its controversial proposal to sell a...

Magaia’s Last Gasp Equaliser Keeps South Africa’s WAFCON Hopes Alive

South Africa kept their 2026 Women’s Africa Cup of...

Zimbabwe Begins Blueberry Exports to China in Major Boost for Horticulture Trade

Zimbabwe has commenced commercial exports of blueberries to China, opening access to one of the world’s fastest-growing fruit markets as the country seeks to...

Dangote to Finance Proposed Kenya Refinery With Cash, Bonds and Planned IPO

Dangote Group plans to finance its proposed 700,000-barrel-per-day oil refinery in Kenya through a combination of internally generated cash, bond issuances, and proceeds from...

South Sudan Eases Oil Injunction After BB Energy Awarded Three Crude Cargoes

South Sudan has agreed to relax a court injunction that had restricted it from securing new oil prepayment deals after commodities trader BB Energy...

UTM Offshore Secures Long-Term Gas Supply Deal for $3 Billion LNG Project

UTM Offshore has secured a 15-year gas supply agreement, clearing one of the final major hurdles for its $3 billion Floating Liquefied Natural Gas...

Safaricom Shareholders to Vote on Vodafone’s Right to Appoint Chief Executive

Shareholders of Safaricom Plc, Kenya’s largest telecommunications company, are set to vote on a proposal that would grant Vodafone Kenya the formal right to...

Tanzania’s Central Bank Builds Gold Reserves With 28-Tonne Purchase in 18 Months

The Bank of Tanzania (BoT) has acquired approximately 28 metric tonnes of gold over the past 18 months as part of a government strategy...

Bukky Wright Premieres ‘The Return of Omotara Johnson’ in Lagos After 15-Year Wait

Veteran Nollywood actress and filmmaker Bukky Wright has premiered The Return of Omotara Johnson, the long-awaited sequel to her 2008 Yoruba crime classic, marking...

Japan’s Inpex Signs 15-Year LNG Supply Deal With ADNOC to Strengthen Energy Security

Japan’s Inpex Corporation has signed a 15-year liquefied natural gas (LNG) supply agreement with Abu Dhabi National Oil Company (ADNOC), securing long-term deliveries from...

Namibia Lifts Fuel Supply Restriction on Nasan Energies in Vitol Policy Reversal

Namibia has lifted a restriction preventing Nasan Energies from sourcing fuel from global commodities trader Vitol, reversing a key competition condition imposed earlier this...

Toyota to Invest $3.6 Billion in Texas, Shift Tacoma Production From Mexico

Toyota Motor will invest $3.6 billion to expand its manufacturing operations in Texas, shifting part of its Tacoma pickup truck production from Mexico to...

Samsung Forecasts 1,800% Surge in Quarterly Profit as AI Chip Demand Accelerates

Samsung Electronics expects its second-quarter operating profit to surge by more than 1,800% from a year earlier, driven by booming global demand for memory...

Elumelu to Step Down as UBA Chairman, Emmanuel Nnorom Named Successor

United Bank for Africa (UBA) has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors on August 21, 2026,...
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