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Business Africa

Taiwan asserts right to global engagement after Africa visit 

Lai Ching-te has reaffirmed Taiwan’s right to conduct official visits with its diplomatic partners following a high-profile trip to Eswatini, the island’s only remaining...

Gemcorp hires from Oaktree to deepen push into private credit expansion

Gemcorp Capital has recruited senior talent from Oaktree Capital Management as it accelerates its expansion into private credit, signalling growing competition among asset managers...

Zambia pushes back as U.S. links health funding to minerals access

Zambia has said a proposed U.S. health funding agreement must be separated from negotiations over access to critical minerals, highlighting growing tensions over the...

Oil pares gains as U.S. signals partial reopening of Hormuz shipping route

Global oil prices eased after earlier gains as the United States said two merchant vessels had successfully crossed the Strait of Hormuz, easing fears...

Eni moves to sell 5% stake in Nigeria’s Renaissance JV in continued upstream exit

Eni is in the process of selling its 5% interest in the Renaissance joint venture in Nigeria, marking another step in the broader retreat...

Israel deploys mobile climate lab in Kenya to close Africa’s data gap

Israel has deployed what is described as the world’s first mobile climate laboratory in Kenya, aiming to tackle Africa’s long-standing shortage of reliable environmental...

World Cup prize pool nears $900m as FIFA boosts payouts for 2026 tournament

FIFA is set to distribute nearly $900 million to teams participating in the 2026 World Cup, following a significant increase in financial allocations driven...

US leads Africa’s largest military drill with 5,000 troops from over 40 nations

The United States has launched its largest annual military exercise in Africa, bringing together more than 5,000 troops from over 40 countries in a...

Nigeria’s non-oil exports gain momentum as trade approaches $1bn milestone in 2026

Nigeria is seeing renewed momentum in its export sector, with non-oil trade nearing the $1 billion mark in early 2026 as diversification efforts begin...

China’s Linkerbot targets $6bn valuation as robotic hand maker rides AI automation wave

China-based robotics startup Linkerbot is targeting a $6 billion valuation in its next fundraising round, underscoring surging investor interest in advanced automation technologies. The...

GameStop launches $56bn bid for eBay, signals readiness for takeover

GameStop has made an unsolicited $56 billion offer to acquire eBay, in what is shaping up to be one of the most audacious takeover...

Nigeria’s national treasury eyes ₦6.8trn oil windfall as higher crude prices boost fiscal outlook

Nigeria’s national treasury is set to receive an additional ₦6.8 trillion in oil revenue, driven by rising global crude prices and ongoing economic reforms....
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