Business Africa

World News

Nigeria Presides Over Key UN Elections as Jimoh Ibrahim Leads Fifth Committee Proceedings

Nigeria has taken a prominent role in the United...

World News

Trump Names Stephen Miller Chief of Staff After Midterm Rout

US President Donald Trump has appointed longtime adviser Stephen...

Business Africa

Zambia Targets 4.9% Economic Growth and Smaller Budget Deficit in 2027

Zambia is targeting economic growth of 4.9% in 2027...

Business Africa

China and Gabon Elevate Relations, Deepen Mining and Security Cooperation

China and Gabon have elevated their bilateral relationship to...

Finance

Fola Aiyesimoju’s UAC Stake Nearly Doubles to $10.8 Million as Shares Rally

Nigerian investment dealmaker and UAC of Nigeria Group Managing...

Business Africa

Dangote to Build Africa’s Largest Detergent Raw Material Plant as Refinery Reaches Full Capacity

Aliko Dangote has announced plans to expand the Dangote Group’s Dangote Petroleum Refinery complex with a new petrochemical facility that will make Nigeria a...

Business Africa

Ghana Set to Sign Major Trade Deal With China

Ghana is preparing to finalize a landmark trade agreement with China aimed at boosting exports, supporting industrialization, and creating jobs, according to Business Insider...

Business Africa

Glencore to Purchase Nearly $115 Million in Cobalt From Industry Veteran Weisfisch

Global commodities trader Glencore has agreed to buy almost 2,000 metric tons of cobalt from veteran metals trader Rami Weisfisch, in a transaction valued...

Business Africa

Nigeria to Launch New Crude Grade Exports in March, Boosting Output

Nigeria will begin exporting a new light sweet crude grade, Cawthorne, in March 2026 as part of efforts to strengthen production capacity and expand...

Business Africa

Google to Build Minnesota Data Center Powered by New Solar, Wind and Battery Storage

Google has unveiled plans to develop a major new data center in Pine Island, Minnesota, alongside a large-scale clean energy package that includes wind,...

Business Africa

Nigeria’s Central Bank Delivers Modest Rate Cut to Restart Easing Cycle

The Central Bank of Nigeria has reduced its benchmark Monetary Policy Rate (MPR) by 50 basis points to 26.5 percent, marking a cautious return...

Business Africa

Turkey Intensifies Africa Engagement With Push Into Oil and Spaceports

Turkey is expanding its strategic and economic footprint across Africa, focusing on energy exploration and aerospace initiatives, according to reporting by Bloomberg.Central to Turkey’s...

Business Africa

Nigeria Opens Negotiations for $5.7 Billion Chinese Investment in Power and Mining

Nigeria has commenced discussions with Chinese investors to secure up to $5.7 billion in strategic funding aimed at developing the country’s power generation, mining,...

Business Africa

Burkina Faso’s 25% Equity Push at Mega Gold Project Proceeds Without Disruption

The government of Burkina Faso is engaged in constructive discussions to increase its stake in the Kiaka gold project to 25 percent, a move...

Business Africa

U.S. Expands Footprint in Africa With New Energy and Minerals Financing

The United States is deepening its economic engagement across Africa through new financing initiatives focused on energy infrastructure and critical minerals, according to reporting...

Business Africa

Africa’s Largest Aviation Hub Limits Foreign Access, Strengthens Local Airlines for Global Competition

Ethiopia, home to one of Africa’s most prominent aviation hubs, has decided against fully liberalizing its air transport market to foreign private airlines for...

Business Africa

Elumelu-Backed Seplat Deal Fuels $1.25 Billion Value Surge, Signals Fresh Energy Momentum

Shares of Seplat Energy surged on the Nigerian Exchange Limited after Heirs Energies, backed by billionaire investor Tony Elumelu, agreed to acquire a significant...

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