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Business Africa

Mali Signs Gold Refining Deal with Russia to Curb Export Revenue Losses

Mali’s transitional government has signed a memorandum of understanding (MoU) with the Russian government to build a large-scale gold refinery in the capital, Bamako....

Tesla Establishes First African Subsidiary in Morocco, Signalling Continent-Wide Expansion

Tesla has officially inaugurated its first African subsidiary, "Tesla Morocco," in Casablanca, marking a pivotal step in the electric vehicle giant's strategic global and...

Nigeria Moves Closer to Exiting FATF Grey List, Signals Financial Market Optimism

Nigeria is edging closer to being removed from the Financial Action Task Force (FATF) grey list, a development expected to boost investor confidence and...

ACCI Urges Nigerian Government to Unlock Trillion-Naira Space Economy

The Abuja Chamber of Commerce and Industry (ACCI) has urged the Nigerian government to prioritise investment in the country’s nascent space economy, citing its...

N39bn Abuja ICC Renovation Highlights Fiscal Trade-Offs with Health and Education Sectors

The Nigerian government’s decision to allocate ₦39 billion for the ongoing renovation of the Abuja International Conference Centre (ICC) has sparked scrutiny from public...

World Bank Lifts Nuclear Energy Ban, Unlocking New Opportunities for Africa

The World Bank has lifted its decade-long ban on financing nuclear energy projects, a major policy shift that could significantly alter Africa’s energy investment...

South Africa Suffers $3.7 Billion Equity Outflow as Foreign Investors Retreat

Foreign investors have withdrawn $3.7 billion from South Africa’s equity market since October 2024, marking the country’s longest capital outflow streak in over five...

Chevron Nigeria Cuts Gas Flaring by 97% in Landmark Emissions Milestone

Chevron Nigeria Limited (CNL), the local subsidiary of Chevron Corporation, has announced a 97% reduction in routine gas flaring across its operations, marking a...

UNICEF, Kano Govt to Immunize 3.9 Million Children in Major Health Infrastructure Push

UNICEF, in collaboration with the Kano State Government, has announced a large-scale immunization campaign targeting 3.9 million children under five across Kano State, Nigeria....
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