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Business Africa

Taiwan Weighs New Cash Handout as AI Boom Drives Record Economic Growth

Taiwan is considering another NT$10,000 cash payment, worth about $314 per person, as President Lai Ching te’s government looks to share some of the...

Airtel and Starlink Take Satellite Connectivity Commercial With DRC Launch

Airtel Africa and SpaceX’s Starlink have commercially launched a satellite to mobile service in the Democratic Republic of Congo, marking the first commercial deployment...

Thungela Earnings Surge as Coal Prices and Export Volumes Lift South African Miner

South African coal producer Thungela Resources reported a more than doubling in first half profit, supported by stronger thermal coal prices and higher export...

Nestlé Bets on GLP 1 Boom With New Nutrition Products for Weight Loss Consumers

Nestlé is turning the rapid growth of GLP 1 weight loss medicines into a new product opportunity, using artificial intelligence and nutritional science to...

Adeleke Secures Second Term in Osun as Accord Wins Governorship Poll

Ademola Adeleke has been re-elected as Governor of Osun State, securing a second four year term after winning the August 15, 2026 governorship election...

Cameroon End WAFCON Wait With Landmark Victory Over Malawi

Cameroon have won their first Women’s Africa Cup of Nations title, defeating tournament debutants Malawi 3 to 0 in the final in Rabat, as...

Germany’s Pension Overhaul Opens €500 Billion Opportunity for Asset Managers

Germany’s proposed pension overhaul is creating a potential €500 billion ($577 billion) investment opportunity for fund managers as the government moves to expand the...

Portugal Moves to Reclaim Stake in REN as Ortega Reduces Exposure to Strategic Grid Asset

Portugal has agreed to acquire a stake in REN, the country’s electricity and gas transmission operator, from Spanish billionaire Amancio Ortega, according to Bloomberg...

Alibaba’s AI Models Cross 3 Billion Downloads as China Gains Ground in Global AI Race

Alibaba’s Qwen family of artificial intelligence models has surpassed 3 billion cumulative downloads, according to Bloomberg, highlighting the rapid global adoption of Chinese open...

Dangote Sugar Secures $356 Million to Cut Debt and Accelerate Local Production

Dangote Sugar Refinery has raised ₦486 billion ($356 million) through an oversubscribed rights issue as Nigeria’s largest sugar producer moves to strengthen its balance...

Nathan Kirsh Crosses $20 Billion Mark as Sysco Deal Reshapes Africa’s Wealth Rankings

Eswatini based billionaire Nathan “Natie” Kirsh has crossed the $20 billion net worth threshold, becoming the third African linked billionaire to reach the milestone,...

Tinubu Courts Diaspora Capital as Nigeria Seeks More Productive Investment

President Bola Ahmed Tinubu has urged Nigerians living abroad to move beyond remittances and channel more of their wealth, expertise and global networks into...
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