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Business Africa

US Lifts 12 Year Security Restriction on Nigerian Vessels

The United States Coast Guard has lifted a 12 year Condition of Entry imposed on vessels calling at designated Nigerian ports before sailing to...

Mali’s Gold Output Rebounds as First Half Production Beats Government Forecast

Mali’s industrial gold production rose by about 30% in the first half of 2026 to 23.5 metric tonnes, exceeding the government’s forecast of 21.2...

WHO Keeps Ebola Emergency Alert in Place as DRC Outbreak Surges

The World Health Organization (WHO) has maintained its classification of the Ebola outbreak in the Democratic Republic of Congo as a global public health...

Equity Group Profit Surges 39% as Pan African Banking Expansion Delivers Stronger Returns

Kenya’s Equity Group Holdings reported a 39% increase in first half 2026 profit before tax to KSh57.8 billion, as stronger income growth, improved asset...

Dangote Refinery Secures $1 Billion Backing as Landmark IPO Moves Closer

Nigeria’s Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public offering, strengthening the capital markets foundation for...

Ant Group Completes Paytm Exit as $309 Million Stake Sale Reshapes Ownership

China’s Ant Group has completed its exit from Indian digital payments company Paytm, with the final disposal of its economic interest linked to a...

ByteDance Attracts More Than $30 Billion in Orders for Landmark Bank Loan

ByteDance, the Chinese owner of TikTok, has attracted more than $30 billion in investor orders for a proposed jumbo bank loan, underscoring strong lender...

Standard Bank Eyes OPay Stake Ahead of Potential US Listing

Standard Bank Group is considering acquiring a stake in Nigerian fintech OPay ahead of a potential US initial public offering that could value the...

Hichilema Wins Second Term as Zambia’s Economic Recovery Faces New Test

Zambian President Hakainde Hichilema has secured a second five year term after winning the country’s August 13 presidential election, according to official results released...

ExxonMobil Commits $1.1 Billion to Advance Mozambique’s $30 Billion Rovuma LNG Project

ExxonMobil and its partners have awarded approximately $1.1 billion in pre-investment contracts for critical upstream equipment for the Rovuma LNG Phase 1 project in...

Ferrari’s First EV Sets $40 Million Auction Record in Landmark Charity Sale

Ferrari’s first fully electric vehicle, the Luce, has set a new record for the most expensive new car ever sold at auction after a...

Tesla Moves Toward Cybercab Commercial Rollout With Austin Employee Trials

Tesla is preparing to launch its purpose built Cybercab robotaxi in Austin, Texas, as early as August, beginning with rides for employees on public...
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