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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 Emerges as Top Belt and Road Beneficiary With China-Backed $24.6 Billion GRIP Megaproject

Nigeria has emerged as the largest beneficiary of China’s Belt and Road Initiative in 2025, driven by a $24.6 billion construction commitment tied to...

Ethiopia Moves to Take Full Control of Its Currency, Aiming for Long Term Stability

Ethiopia is moving to localise the production of its national currency, the Ethiopian birr, as part of a broader effort to strengthen monetary sovereignty...

Egyptian Food Retailer Gourmet Plans IPO to Float 47.6% Stake

Egyptian premium food retailer Gourmet Egypt is preparing to float 47.6 percent of its issued shares in an initial public offering on the Egyptian...

Senegal Crowned AFCON Champions After Dramatic Final Showdown

Senegal clinched the Africa Cup of Nations title after a tense and dramatic final, edging past Morocco in extra time to secure their place...

Libya Signs $2.7 Billion Partnership to Expand Misurata Free Zone

Libya has signed a $2.7 billion strategic partnership to expand and modernise the Misurata Free Zone, a move aimed at positioning the coastal hub...
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