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Business Africa

LEGO Scores Record Growth as World Cup Sets Bring New Customers

LEGO has posted a strong first half of 2026, with revenue rising 21% to 41.9 billion Danish kroner ($6.54 billion) as World Cup and...

NatWest Reopens US Expansion Drive as UK Banking Rules Loosen

NatWest Group is stepping up its return to the US market after securing approval from the Federal Reserve to establish a representative office in...

Leapmotor Chases 1 Million 2026 Deliveries as New Models and Overseas Expansion Accelerate

Chinese electric vehicle maker Leapmotor is maintaining its ambitious target of 1 million vehicle deliveries in 2026, betting on new model launches and rapidly...

Tunisia’s Cash Economy Hits Record $10.5 Billion as Cheque Crackdown Reshapes Payments

Tunisia’s cash holdings have climbed to a record 30.04 billion dinars ($10.5 billion), up about 16% from a year earlier, as households and businesses...

Dangote Refinery Reshapes Nigeria’s Fuel Trade as Exports Surge Sevenfold

Nigeria’s petroleum trade is undergoing a major transformation as seaborne refined petroleum product exports have risen sevenfold since 2023, driven largely by increased output...

Otedola Nears 30% First HoldCo Stake With Fresh $9 Million Share Acquisition

Nigerian billionaire Femi Otedola has moved closer to a 30% ownership stake in First HoldCo, parent company of FirstBank, after acquiring another 95.7 million...

Porsche Turns to TCS in $1.46 Billion AI Partnership to Accelerate Digital Transformation

Porsche is deepening its push into artificial intelligence through a five year partnership with India’s Tata Consultancy Services (TCS) valued at €1.25 billion ($1.46...

MTN Unleashes $375 Million Buyback as Strong Half Year Profit Strengthens Investor Returns

MTN Group has approved a R6 billion ($375 million) share buyback programme after delivering a strong first half performance, with adjusted headline earnings per...

Uganda’s Museveni Hosts Pastor Adeboye Ahead of Daughter’s Episcopal Consecration in Uganda

Ugandan President Yoweri Museveni and First Lady Janet Museveni have hosted Nigerian cleric Pastor Enoch Adeboye and his wife, Pastor Folu Adeboye, at State...

New Zealand Moves to Restrict Social Media Access for Under 16s

New Zealand is joining the growing international push to restrict social media access for children under 16, with Prime Minister Christopher Luxon’s government introducing...

Serena Williams Returns to US Open With Carlos Alcaraz in Star Studded Mixed Doubles Pairing

Serena Williams is set to make her US Open comeback alongside Carlos Alcaraz, after the pair received a wildcard into the 2026 US Open...

Nigeria Advances $2 Billion Satellite Expansion to Boost Digital Connectivity

Nigeria is moving ahead with the acquisition and deployment of NIGCOMSAT 2A and 2B, two next generation high throughput communications satellites designed to expand...
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