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Business Africa

Nigeria prepares biggest telecom overhaul in two decades amid digital economy pressures

Nigeria is preparing its most far-reaching telecommunications reform in more than 20 years as authorities respond to worsening network outages, rising internet demand, infrastructure...

Guinea secures $1 billion Chalco refinery deal in major industrialisation push

Guinea has received a major boost to its industrialisation ambitions after Aluminum Corporation of China (Chalco) agreed to invest $1 billion in a new...

Mr Eazi and Temi Otedola prepare to welcome first child

Mr Eazi and Temi Otedola are reportedly expecting their first child together, sparking excitement across Nigeria’s entertainment and social media space, according to DailyPost...

Richemont overtakes Walmart in North America jewellery market despite far smaller store network

Luxury group Compagnie Financière Richemont, backed by South African billionaire Johann Rupert, has overtaken Walmart in North America’s jewellery market despite operating only about...

Uganda’s export earnings jump 45% as gold shipments surge

Uganda recorded a 45% rise in export earnings in March, driven largely by a sharp increase in gold shipments that strengthened the country’s foreign...

Lenovo shares soar 15% after record earnings powered by AI boom

Lenovo shares jumped 15% after the world’s largest PC maker reported record quarterly earnings driven by surging demand for artificial intelligence infrastructure, servers, and...

Afentra plans new Angola exploration drilling campaign by 2027

Afentra is targeting new exploration wells offshore Angola by 2027 as the company expands its footprint in one of Africa’s leading oil-producing nations. Company...

Egypt’s central bank keeps interest rates unchanged amid inflation pressures

Central Bank of Egypt has left its key interest rates unchanged as policymakers continue balancing inflation control with efforts to support economic growth and...

Australian miner makes major copper-silver discovery in Namibia amid critical minerals race

An Australian mining company has announced a significant copper and silver discovery in Namibia, adding fresh momentum to Africa’s growing role in the global...

Morocco and France deepen ties with new strategic partnership talks

Morocco and France are moving toward a new strategic agreement as diplomatic and economic relations between both countries reach what officials describe as one...

China’s solar exports to Africa jump 83% as energy shortages accelerate clean power demand

China’s solar exports to Africa surged by 83% over the past year as worsening electricity shortages, rising fuel costs, and expanding energy access programmes...

Tanzania’s rare earth discovery boosts Africa’s strategic minerals ambitions

A newly confirmed rare earth elements discovery in Mkiu Village, Ludewa District of Tanzania’s Njombe Region is adding fresh momentum to Africa’s growing role...
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