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Business Africa

Eric Trump Expands Family’s Defence Portfolio With Space-Eyes Investment

Eric Trump has expanded the Trump family’s presence in...

FIFA Abandons World Cup Stake Sale Plan After Global Backlash

FIFA has abandoned its controversial proposal to sell a...

Magaia’s Last Gasp Equaliser Keeps South Africa’s WAFCON Hopes Alive

South Africa kept their 2026 Women’s Africa Cup of...

Canal+ Profit Jumps 68% as MultiChoice Turnaround Gains Momentum Across Africa

French media and entertainment company Canal+ reported a 68% increase in adjusted operating profit for the first half of 2026, as early benefits from...

Shell Second Quarter Profit More Than Doubles to $9.8 Billion as Higher Energy Prices Boost Earnings

Shell reported its strongest quarterly earnings since 2022 after higher oil and natural gas prices, robust trading performance and improved refining margins drove a...

Energean, Carlyle Among Bidders for BP’s Egypt Gas Assets as Portfolio Sale Advances

Several energy companies and investment firms, including Energean, Carlyle Group, Dragon Oil and Artemis Energy, are preparing bids for BP’s natural gas assets in...

US Seeks Role in Ethiopian Airlines’ $12.5 Billion Mega Airport Project

The United States is seeking a greater role for American companies in Ethiopian Airlines’ $12.5 billion Bishoftu International Airport project, as Washington intensifies efforts...

Japan Backs Namibia Rare Earth Project With Up to $34 Million Investment to Strengthen Critical Mineral Supply

Japan’s Japan Organization for Metals and Energy Security (JOGMEC) will invest up to 47.7 million Canadian dollars (about $34 million) in a Toyota Tsusho...

Tems Leads Children of Blood and Bone Soundtrack Featuring Burna Boy, Ayra Starr and Afrobeats Stars

Grammy Award winner Tems has been named Executive Music Producer and Curator of the official soundtrack for Paramount Pictures’ highly anticipated fantasy film Children...

Jack Ma Backed OceanBase Seeks Up to $443 Million to Accelerate AI Expansion

OceanBase, the database software company backed by Jack Ma and spun out from Ant Group, is seeking to raise between 2 billion and 3...

US Backs Madagascar Rare Earths Project to Diversify Global Critical Minerals Supply

The United States has thrown its support behind the Ampasindava rare earths project in Madagascar as part of a broader strategy to diversify global...

FIFA Targets $4.2 Billion Through Minority Stake Sale in World Cup Commercial Business

FIFA plans to raise up to $4.2 billion by selling minority, non controlling stakes in a newly created commercial subsidiary that will manage the...

Remi Tinubu Hosts NBA President Elect Oyinkansola Badejo-Okusanya, Says Women Supporting Women Will Accelerate Growth

Nigeria’s First Lady, Senator Oluremi Tinubu, has reaffirmed the importance of women supporting one another to accelerate national development during a meeting with the...

Eni Raises Share Buyback as Strong Oil Prices Drive Second Quarter Profit Growth

Italian energy major Eni reported a strong rise in second quarter earnings as higher oil and gas prices, increased hydrocarbon production and robust performance...

S&P Global to Acquire Majority Stake in Agusto & Co to Expand African Credit Ratings Business

S&P Global has agreed to acquire a majority stake in Agusto & Co, one of Africa’s leading indigenous credit rating agencies, in a strategic...
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