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Business Africa

Novo Nordisk Owner Launches European Obesity Drug Incubators to Accelerate Medical Innovation

Novo Nordisk Foundation, the controlling shareholder of Danish pharmaceutical...

South African Investor Roelof Botha Joins SpaceX Board in Strategic Reunion With Elon Musk

South African-born venture capitalist Roelof Botha has joined the...

IMF Approves $211 Million Climate Funding Package for Sierra Leone

The International Monetary Fund (IMF) has approved a new...

World Bank Backs Argentina With Up to $2 Billion in Loan Guarantees to Boost Market Access

The World Bank on Tuesday announced a new guarantee programme that will enable Argentina to access up to $2 billion in commercial financing, providing...

Angola’s Sonangol Secures $2.65 Billion Financing From International Lenders

Angola’s state-owned oil company, Sonangol, has secured a $2.65 billion financing facility from a consortium of international lenders, strengthening its capacity to fund operations...

Mobile Technology to Contribute $290 Billion to Africa’s Economy by 2030, GSMA Says

Mobile technologies and services are projected to contribute $290 billion to Africa’s economy by 2030, underscoring the sector’s growing role as a catalyst for...

Serena and Venus Williams Set for Wimbledon Reunion After Receiving Doubles Wildcard

Tennis icons Serena Williams and Venus Williams are officially returning to competition together after receiving a wildcard invitation for the Ladies’ Doubles event at...

Scientists Identify Climate-Resilient Coral Reefs Offering Hope for Ocean Conservation

Scientists have identified approximately 166,000 square kilometres (64,000 square miles) of coral reefs worldwide that could withstand the impacts of climate change, a breakthrough...

World’s 500 Richest Individuals Add Record $336 Billion in Single-Day Wealth Surge

The world’s 500 wealthiest individuals recorded the largest single-day increase in personal wealth ever tracked, adding a combined $336 billion as global equity markets...

India’s Pharma Billionaire Targets Global Leadership in Insulin Market as Industry Rivals Shift Focus

Indian pharmaceutical billionaire Kiran Mazumdar-Shaw is positioning her company, Biocon, to become the world’s leading insulin supplier as major global drugmakers increasingly redirect investment...

India’s Prestige Denim Invests $20 Million in Egypt as Textile Manufacturing Boom Accelerates

Indian textile manufacturer Prestige Denim Mills will invest $20 million in a new denim fabric production facility in Egypt, reinforcing the country’s emergence as...

UK Moves to Ban Social Media for Under-16s in Landmark Child Safety Overhaul

The United Kingdom has announced plans to ban social media platforms from offering services to children under the age of 16, in one of...

AFC Commits $600 Million to Dangote Fertiliser Expansion Across Nigeria and Ethiopia

The Africa Finance Corporation has approved a $600 million financing facility for the Dangote Group to support a major fertiliser expansion programme that will...

Dangote Plans Nigeria’s Largest Industrial Zone in Ondo State

Nigerian industrialist Aliko Dangote has unveiled plans to develop what could become Nigeria’s largest industrial zone in Ondo State, a project expected to accelerate...

Zimbabwe Introduces Landmark Cryptocurrency Framework to Formalize Digital Asset Industry

Zimbabwe has unveiled its first dedicated cryptocurrency regulations, marking a significant policy shift as authorities move to bring digital asset activities into the formal...
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