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Business Africa

CXMT Enters Xiaomi Foldable Supply Chain With New LPDDR6 Memory

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) will...

Trump Announces US Control of $65 Billion Barrels of Venezuelan Oil Reserves

President Donald Trump says the United States has reached...

India Moves to Put Red Warning Labels on High Sugar and Salt Foods After Public Backlash

India’s Food Safety and Standards Authority of India (FSSAI)...

Nike Taps Former Foot Locker Executive Kristin Bauer to Lead Converse Operations

Nike has hired former Foot Locker executive Kristin Bauer...

Singapore Deepens Egypt Investment Push as Bilateral Trade Ties Gain Momentum

Singapore is stepping up efforts to deepen investment and...

Nigeria and UAE Forge Strategic Partnership on Ports Development and Maritime Logistics

Nigeria and the United Arab Emirates (UAE) have signed a landmark Memorandum of Understanding (MoU) to strengthen cooperation in ports development, maritime logistics, and...

Paystack Launches The Stack Group as Parent Company Following Microfinance Bank Licence

Nigeria‑born fintech Paystack has officially unveiled The Stack Group (TSG) as its new parent holding company, signaling a strategic shift from a payments-focused business...

Nigeria Targets ₦900 Billion in January 2026 Bond Auction

Nigeria’s Federal Government is seeking to raise ₦900 billion in its January 2026 Federal Government of Nigeria (FGN) bond auction, underscoring efforts to deepen...

Nigeria to Roll Out Satellite-to-Phone Technology for 23.3 Million Underserved Citizens

Nigeria’s Nigerian Communications Commission (NCC) is moving forward with plans to deploy satellite-to-phone technology to expand mobile connectivity to an estimated 23.3 million people...

World Economic Forum to Resume Africa Meetings in April 2027

The World Economic Forum (WEF) has announced plans to revive its Africa Meetings in April 2027, restoring a flagship regional forum that has been...

Nigeria’s Non-Oil Trade Reaches Record $6.1 Billion

Nigeria’s non-oil trade reached a historic high of $6.1 billion in 2025, marking the strongest performance ever recorded for the sector, as the country...

Kenya Launches IPO of State Oil Pipeline Firm, Targeting $825 Million

Kenya has launched the initial public offering of its state-owned Kenya Pipeline Company, seeking to raise about 106.3 billion shillings, or roughly $825 million,...

Dangote Signs $350 Million Deal With Indian Firm EIL to Expand Lagos Refinery

Nigeria’s Dangote Group has inked a $350 million contract with India’s state-owned Engineers India Ltd (EIL) to drive the next phase of expansion at the...

Saudi Arabia Launches Gold Market in Africa, Challenging Dubai’s Longstanding Dominance

Saudi Arabia has established a new gold trading market in Africa, signaling its ambition to become a major hub for the continent’s bullion trade...
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