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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...

SanlamAllianz Officially Launches in Nigeria, Signaling a New Era for the Insurance Sector

Nigeria’s insurance industry is set for a major transformation with the official launch of SanlamAllianz, a joint venture between South Africa’s Sanlam Group and...

Mauritius Investment Firm to Acquire 26% Stake in Nigerian E-waste Recycler Hinckley

In a significant boost for Nigeria's burgeoning e-waste recycling sector, uMunthu Investment Company II, a Mauritius-based private equity fund, is set to acquire a...

Zimbabwe to Ban Lithium Concentrate Exports from 2027, Boosting Domestic Value Chain

Zimbabwe is set to implement a sweeping ban on the export of lithium concentrates beginning January 2027, marking a pivotal move in its quest...

CBN Refutes Claims of Extended BDC Recapitalisation Deadline

The Central Bank of Nigeria (CBN) has firmly dismissed circulating reports suggesting that the deadline for Bureau De Change (BDC) operators to meet new...

Unstable Power Supply A Major Roadblock to Nigeria’s Tech Sector Growth, Says NACC Acting DG

Nigeria's aspirations to become a leading hub in the global technology landscape will remain unfulfilled without a consistent and stable power supply, according to...

Nigerian Crude Commands Premium: Bonny Light Edges Brent, New “Obodo” Blend Hits Market

Nigeria's crude oil benchmarks are currently experiencing a favorable market dynamic, with the nation's flagship grade, Bonny Light, trading at a slight premium over...

Ethiopia Leads the Charge as Dangote Cement’s Pan-African Revenue Soars to N1.4 Trillion

Dangote Cement Plc, Africa's largest cement producer, reported a remarkable year in 2024, with its Pan-African operations generating a robust N1.48 trillion in revenue. This...

African Startups Secure $254 Million in May, Egypt Leads Investment Wave

African startups successfully raised a total of $254 million in May 2025, marking a notable month for the continent's burgeoning tech ecosystem with Egypt...

Beyond Borders: How African Entrepreneurs Are Building Offshore Wealth Safely and Strategically

With today's volatile world economy, wealth creation is no longer enough. For legacy-minded investors and Africa's most prominent business leaders, the conversation has moved...

NDIC Begins Long-Awaited Liquidation Dividend Payments to Premier Commercial Bank Creditors, “25 Years After Closure”

In a significant development for Nigeria’s banking sector and its long-term creditors, the Nigeria Deposit Insurance Corporation (NDIC) has officially commenced the payment of...

Ghana Faces Healthcare Crisis as Nationwide Nurses and Midwives Strike Escalates

Ghana’s public healthcare system is under intense strain as thousands of nurses and midwives embark on a nationwide strike, disrupting essential services across the...

How Can African Brands Win Customers Back from Western Giants?

In every one of the great African cities, Nairobi to Accra, high streets and websites echo with the dominance of Western brands. Tech, skincare,...
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