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Business Africa

S&P 500 and Nasdaq hit fresh records as AI rally and earnings optimism fuel Wall Street

S&P 500 and Nasdaq Composite climbed to new record highs as investor enthusiasm around artificial intelligence and stronger-than-expected corporate earnings continued to drive gains...

Africa gains ground in global tourism race as arrivals and investment surge

Africa is rapidly strengthening its position in the global tourism industry, with rising visitor numbers, major infrastructure investments, and expanding air connectivity helping the...

Burna Boy and Shakira unite for official FIFA 2026 anthem “Dai Dai”

Burna Boy and Shakira have collaborated on the official song for the 2026 FIFA World Cup, titled “Dai Dai,” marking a major global crossover...

BTS draws 50,000 fans in Mexico as K-pop’s global reach expands

BTS attracted a crowd of about 50,000 fans in Mexico during a major live event that underscored the continued global influence of K-pop. The...

Algeria seals $1bn oil agreement as North Africa intensifies energy expansion

Algeria has signed a $1 billion oil agreement as North African producers accelerate efforts to capture a larger share of the global energy market...

Dangote prepares $10bn cement empire for potential London market debut

Aliko Dangote is positioning his cement business for a possible listing on the London market, a move that could place one of Africa’s largest...

Kenyan exporters gain momentum as China approves new zero-tariff shipments

Kenya has received a fresh trade boost after China cleared additional Kenyan exports under its new zero-tariff access policy, expanding opportunities for East Africa’s...

Zimbabwe pays $146m to foreign farmers as land reform compensation gains momentum

Zimbabwe has begun compensating foreign farmers with payments totalling $146 million while returning 67 previously seized farms, marking a major step in efforts to...

Dangote Group explores new dollar bond sales to finance expansion drive

Aliko Dangote’s conglomerate is considering additional U.S. dollar bond issuances as it seeks fresh capital to support expansion projects across energy, manufacturing, and infrastructure....

Shell quarterly profit jumps 19% as oil price surge lifts earnings

Shell reported a 19% rise in quarterly net profit as higher oil and gas prices, driven by escalating geopolitical tensions in the Middle East,...

Kenya joins Africa’s oil producers with first output milestone of 20,000 bpd

Kenya has officially entered the ranks of Africa’s oil-producing nations after recording its first commercial crude output of 20,000 barrels per day, marking a...

Naguib Sawiris and Ben Ammar sell Prima TV multiplex in Italy for €2.5m

Naguib Sawiris and Tarak Ben Ammar have sold Prima TV’s digital terrestrial television multiplex in Italy to Syes for about €2.5 million, marking their...
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