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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...

World Bank Lifts Nuclear Energy Ban, Unlocking New Opportunities for Africa

The World Bank has lifted its decade-long ban on financing nuclear energy projects, a major policy shift that could significantly alter Africa’s energy investment...

South Africa Suffers $3.7 Billion Equity Outflow as Foreign Investors Retreat

Foreign investors have withdrawn $3.7 billion from South Africa’s equity market since October 2024, marking the country’s longest capital outflow streak in over five...

Chevron Nigeria Cuts Gas Flaring by 97% in Landmark Emissions Milestone

Chevron Nigeria Limited (CNL), the local subsidiary of Chevron Corporation, has announced a 97% reduction in routine gas flaring across its operations, marking a...

UNICEF, Kano Govt to Immunize 3.9 Million Children in Major Health Infrastructure Push

UNICEF, in collaboration with the Kano State Government, has announced a large-scale immunization campaign targeting 3.9 million children under five across Kano State, Nigeria....

Shell to Add 12 Million Tons of LNG Capacity by 2030, Including Nigeria Expansion

Shell, the world’s largest liquefied natural gas (LNG) trader, has announced plans to expand its global LNG production capacity by up to 12 million...

Kenya Unveils Cautious 2025/26 Budget One Year After Nationwide Protests

Kenya’s government has presented its 2025/26 national budget amid lingering political sensitivities and economic uncertainty, one year after the controversial 2024 Finance Bill sparked...

Family Office Frontier: Africa’s Next-Gen Wealth Strategy

Across Africa, there is a quiet revolution underway that is transforming the way family wealth is managed, grown, and transferred. The next generation of African wealth creators and inheritors does not accept things the way they are. They dream of family offices—not as vaults, but as sources of...

Africa’s Impact Investor Moment: From ESG to Real-World Change

Where ESG was once the benchmark of socially responsible investing, Africa's rich are now leading a shift towards something more tangible—impact. Unlike ESG screens, which are often checklist exercises, true impact investing places purpose and measurable change at the center of capital strategy.Globally,...

Niger–Benin Border Standoff Deepens as Trade Collapse Hits Regional Economies

The border dispute between Niger and Benin has escalated into a full-blown trade paralysis, dealing a severe blow to both economies and raising alarm...

Aliko Dangote Retires as Chairman of Dangote Sugar Refinery After Two Decades

In a major leadership transition at one of Nigeria’s foremost manufacturing firms, Africa’s richest man, Aliko Dangote, has announced his retirement as Chairman of...

DisCos Fail to Recover ₦202 Billion in Power Bills Within Three Months

Nigeria’s electricity distribution companies (DisCos) are grappling with deepening revenue collection challenges, having failed to recover over ₦202 billion in electricity bills within the...

Firms Increase Investment as Naira Shows Signs of Stability

A wave of cautious optimism is sweeping through Nigeria’s business landscape as the naira maintains a relatively stable exchange rate, prompting companies to ramp...
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