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Business Africa
Business Africa
Porsche Pursues New Cost-Cutting Deal as Automaker Prioritizes Profitability Over Volume
Porsche AG is preparing a new cost-cutting agreement with...
Business Africa
Ghana Pushes for Greater Local Control of Gold Fields’ Largest Mine to Boost Mining Revenue
Ghana is seeking to increase local ownership and participation...
Business Africa
Keyamo, Oduwole Launch RwandAir Cargo Route to Boost Nigeria’s Trade With East and Southern Africa
Nigeria has officially launched a new RwandAir cargo corridor...
Business Africa
Kenya Taps TDB and AFC to Arrange $1.2 Billion Financing for Major Airport Expansion
Kenya has appointed the Trade and Development Bank (TDB)...
Business Africa
ZCCM Says CopperTech IPO Could Accelerate $2.7 Billion Expansion of Zambia Copper Mine
Zambia’s state-backed mining investment company ZCCM Investments Holdings (ZCCM-IH)...
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Business Africa
Safaricom posts 59% surge in annual pretax profit on strong fintech growth
Safaricom reported a 59% jump in annual pretax earnings, driven by strong growth in its mobile money business and expanding digital services. The performance,...
Business Africa
Egypt posts 5% preliminary GDP growth in strong start to 2026
Egypt recorded preliminary economic growth of 5% in the first quarter of 2026, signalling continued resilience despite global economic uncertainty and regional trade disruptions....
Business Africa
Stellantis launches Middle East and Africa’s first vehicle dismantling hub in Morocco
Stellantis has opened the first vehicle dismantling and recycling centre in the Middle East and Africa region in Morocco, marking a major step in...
Business Africa
Heidelberg Materials eyes takeover of South Africa’s 134-year-old cement giant PPC
Germany’s Heidelberg Materials is exploring a potential acquisition of PPC Ltd, a 134-year-old cement producer, as it seeks to expand its footprint across Africa’s...
Business Africa
Saudi ADES expands Africa footprint with $92.7m offshore contract from Seplat
Saudi-based ADES Holding Company has secured a $92.7 million offshore drilling contract from Seplat Energy, marking a further expansion of its presence in Nigeria’s...
Business Africa
Kemet partners with Coinbase to expand institutional crypto derivatives access
New York-based crypto infrastructure startup Kemet, founded by an Egyptian entrepreneur, has partnered with Coinbase to expand institutional access to crypto derivatives, deepening the...
Business Africa
Green Sky Capital secures $500m backing for Egypt SAF plant in aviation fuel push
Qatar-based Green Sky Capital has secured funding for a sustainable aviation fuel (SAF) production facility in Ain Sokhna, Egypt, in a project believed to...
Business Africa
Mozambique eyes mining boom with 15% stake push and export ban strategy
Mozambique is positioning itself to capture greater value from its mineral resources by introducing a 15% mandatory state stake in major mining projects and...
Business Africa
Samsung crosses $1 trillion valuation as AI boom fuels historic stock rally
Samsung Electronics has surpassed a $1 trillion market valuation for the first time, driven by a powerful rally in semiconductor stocks linked to surging...
Business Africa
Trafigura among bidders for Natref stake as South Africa refinery sale attracts interest
Trafigura is among three bidders competing for a minority stake in South Africa’s Natref oil refinery, as the sale process for the asset gathers...
Business Africa
Nigeria’s NNPC remits $2.1bn in Q1 as reforms boost earnings, output still trails targets
Nigeria’s state oil firm, NNPC Limited, has remitted $2.1 billion to the national treasury in the first quarter of 2026, reflecting stronger revenue flows...
Business Africa
Starwood’s Sternlicht expands global data centre footprint amid AI surge
Barry Sternlicht, CEO of Starwood Capital Group, is accelerating a global push into data centres as demand for artificial intelligence infrastructure drives a new...
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Top 10 Digital Content Creators Dominating Nigeria’s Creator Economy in 2026
The Nigerian creator economy has evolved into a powerful...
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MarkHack 5.0 Celebrates Innovation with Hackathon and the 2nd Nigeria MarTechAward
As part of the landmark MarkHack 5.0 Conference, the 2nd edition...
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Blood Sisters will return globally on June 5, 2026,...
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Artistic Oceanfront Luxury — Mango House Seychelles, LXR Hotels & Resorts
Set on the serene southern coast of Mahé, Seychelles,...
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Spielberg’s ‘Disclosure Day’ Debuts Atop North American Box Office
Steven Spielberg’s latest science-fiction thriller, “Disclosure Day,” opened at...
Business Africa
India’s Prestige Denim Invests $20 Million in Egypt as Textile Manufacturing Boom Accelerates
Indian textile manufacturer Prestige Denim Mills will invest $20...
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Business Africa
Angola’s Sonangol Secures $2.65 Billion Financing From International Lenders
Angola’s state-owned oil company, Sonangol, has secured a $2.65...