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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...

How Pressdia is Redefining PR in 2026

Across Africa, public relations is undergoing a quiet but significant shift. As startups, creatives, founders and fast-growing companies operate in a more competitive and...

Nigeria’s Current Account Surplus Expected to Reach $18.81 Billion in 2026

Nigeria’s current account is projected to post a surplus of $18.81 billion in 2026, up from an estimated $16.94 billion in 2025, driven by...

Ethiopia Reaches Draft Deal to Restructure $1 Billion Bond

Ethiopia has struck a draft agreement with a group of investors holding part of its $1 billion 2024 international bond, a key step toward...

Amaka Onwughalu Appointed Fidelity Bank Chairman as Chike‑Obi Steps Down

Fidelity Bank Plc has named Amaka Onwughalu as its new Chairman, taking over from Mustafa Chike‑Obi, whose tenure ended on December 31, 2025, the...

Angola Lifts Crude Oil Output by 25,000 Barrels per Day as Chevron Backed N’Dola Sul Field Begins Production

Angola has raised its crude oil production by about 25,000 barrels per day following the start of output from the N’Dola Sul offshore field,...

China-Backed Project Delivers Africa’s First Heavy-Haul Desert Railway

Algeria has completed the Western Mining Railway, delivering Africa’s first heavy-haul railway built entirely across desert terrain and marking a major milestone in the...

Egypt and Qatar Sign MoU to Strengthen LNG Sales and Import Cooperation

Egypt and Qatar have signed a memorandum of understanding to deepen cooperation on liquefied natural gas sales and imports, reinforcing energy ties as Egypt...
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Chinese billionaire Yahui Zhou’s Nigeria-focused fintech, OPay, has withdrawn...

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