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Business Africa

Trump Names Stephen Miller Chief of Staff After Midterm Rout

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

China and Gabon Elevate Relations, Deepen Mining and Security Cooperation

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

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

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

Nigeria Discovers Fresh Crude, Reinforcing Its Lead as Africa’s Top Oil Producer

Nigeria’s oil sector received a boost after the Nigerian National Petroleum Company (NNPC) Limited and Chevron Nigeria Limited confirmed a new discovery at the...

Ivory Coast Rains Expected to Support Cocoa Mid-Crop, Farmers Say

Farmers in Ivory Coast’s cocoa-growing regions said recent rainfall is likely to support the development of the country’s mid-crop, providing relief during a typically...

Dubai-Based Group Develops 200 MW Thermal Power Plant in Burkina Faso

A Dubai-based industrial group, Mark Cables, has completed the development of a 200-megawatt thermal power plant in Burkina Faso, aimed at addressing the country’s...

Nigeria Secures Spot Among Africa’s Top Five Economies as Reserves Hit $46 Billion, Strongest in Eight Years

Nigeria has retained its position among Africa’s top five largest economies as its external foreign exchange reserves rose to about $46 billion, the highest...

Mali Takes 51% Stake in China-Backed Local Explosives Venture

Mali has taken a controlling 51 percent stake in a new industrial explosives joint venture backed by China, strengthening state oversight of a strategic...

Guinea’s Bauxite Exports Jump 25% to 183 Million Tons in 2025 on Chinese Demand

Guinea’s bauxite exports increased by 25 percent to about 183 million metric tons in 2025, driven largely by rising demand from China, strengthening the...

Tanzania Aims to Sign $42 Billion LNG Mega-Project Before June

Tanzania is targeting a signing of a $42 billion liquefied natural gas (LNG) export project agreement before June 2026, a senior government minister said,...
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