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Business Africa

Esiri twins captivate Cannes with Clarissa, a bold portrait of Lagos high society

Filmmaking twins Arie Esiri and Chuko Esiri have drawn major attention at the Cannes Film Festival with Clarissa, a Lagos-set drama exploring privilege, power,...

Delivery Hero shares surge to 18-month high after reports of Uber takeover interest

Shares in Delivery Hero climbed to their highest level in 18 months following reports that Uber is exploring a potential bid for the global...

Moroccan billionaire Anas Sefrioui deepens Africa expansion with new Gabon cement investment

Anas Sefrioui is redirecting millions of dollars in investment from Europe toward Africa as he expands his cement and industrial footprint in Gabon through...

Moroccan billionaire Elalamy expands into Europe’s distressed debt market with Swedish acquisition

Moulay Hafid Elalamy has acquired a majority stake in Arktika Capital AB, marking a strategic move into Europe’s rapidly growing distressed and non-performing loans...

Varun Beverages strengthens African expansion with new 10-year PepsiCo agreement

Ravi Jaipuria’s Varun Beverages has secured a new 10-year bottling and distribution agreement with PepsiCo as the company’s revenues across seven African markets climbed...

Finnfund backs Ecobank nature bond with $15 million investments

Finnfund has invested $15 million in a nature bond issued by Ecobank Transnational Incorporated, marking a significant push toward sustainable finance and climate-focused investment...

Benin’s new prime minister Wadagni vows stronger security and improved living conditions

Romuald Wadagni has officially taken office as prime minister of Benin, pledging to improve living standards, strengthen security, and accelerate economic development amid rising...

Cristiano Ronaldo finally finally wins his first major title with Al-Nassr

Cristiano Ronaldo has finally won his first major trophy with Al Nassr FC after leading the club to the Saudi Pro League title in...

Hong Kong set for historic milestone as first astronaut joins China space mission

Hong Kong is preparing for its first astronaut to participate in a mission to Tiangong Space Station, marking a major milestone for the city’s...

Egypt moves to become global grain trading and storage powerhouse

Egypt is intensifying efforts to position itself as a major global grain trading and storage hub as the country seeks to strengthen food security...

Zimbabwe targets $21 billion mineral export surge as mining sector ramps up expansion

Zimbabwe is positioning for a major mining expansion as authorities project mineral exports could reach $21 billion, driven by rising investment in gold, lithium,...

Dangote Refinery fuels Nigeria’s first credit rating upgrade in 14 years

Aliko Dangote’s $20 billion Dangote Refinery has emerged as a major factor behind Nigeria’s first sovereign credit rating upgrade in 14 years, highlighting the...
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