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Business Africa

Marriott Expands Egypt Footprint as Tourism Boom Fuels Hospitality Investment

Marriott International is strengthening its presence in Egypt as...

Renault Posts Record Sales in Morocco as Africa’s Leading Automotive Hub Strengthens

France’s largest carmaker, Renault Group, has recorded its highest-ever...

Cabo Verde World Cup Hero Vozinha Secures Move to Chilean Giants Colo Colo

Cabo Verde international goalkeeper Vozinha has secured an 18...

AfDB Cashes In: $184.1 Million Deal Approved for Egypt’s Flagship Solar Project

The African Development Bank (AfDB) has approved a $184.1 million financing package for what will become Egypt’s largest utility-scale solar power plant, marking a major...

Tanzania Moves to Take Greater Control of Its Gold Sector

Tanzania has joined a growing list of African nations seeking to exert greater control over their gold resources, launching a wide-ranging strategy to boost...

Mali Signs Gold Refining Deal with Russia to Curb Export Revenue Losses

Mali’s transitional government has signed a memorandum of understanding (MoU) with the Russian government to build a large-scale gold refinery in the capital, Bamako....

Tesla Establishes First African Subsidiary in Morocco, Signalling Continent-Wide Expansion

Tesla has officially inaugurated its first African subsidiary, "Tesla Morocco," in Casablanca, marking a pivotal step in the electric vehicle giant's strategic global and...

Nigeria Moves Closer to Exiting FATF Grey List, Signals Financial Market Optimism

Nigeria is edging closer to being removed from the Financial Action Task Force (FATF) grey list, a development expected to boost investor confidence and...

ACCI Urges Nigerian Government to Unlock Trillion-Naira Space Economy

The Abuja Chamber of Commerce and Industry (ACCI) has urged the Nigerian government to prioritise investment in the country’s nascent space economy, citing its...

N39bn Abuja ICC Renovation Highlights Fiscal Trade-Offs with Health and Education Sectors

The Nigerian government’s decision to allocate ₦39 billion for the ongoing renovation of the Abuja International Conference Centre (ICC) has sparked scrutiny from public...
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