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Business Africa

Pentagon accelerates AI push with classified deals involving seven tech giants

The Pentagon has signed agreements with seven leading artificial intelligence companies to deploy their technologies across classified military systems, marking a major escalation in...

Dangote Refinery begins direct jet fuel supply to Ethiopian Airlines in export expansion

Dangote Refinery has started direct aviation fuel deliveries to Ethiopian Airlines, marking a significant step in its push to become a major supplier of...

OPay taps Citi, Deutsche Bank, JPMorgan for $4bn U.S. IPO push

OPay has hired Citigroup, Deutsche Bank and JPMorgan Chase to lead its planned U.S. initial public offering, targeting a valuation of about $4 billion,...

BUA Cement, Presco lead Nigeria’s Q1 profitability rankings on strong earnings surge

BUA Cement and Presco Plc have emerged as the most profitable listed companies in Nigeria for the first quarter of 2026, underscoring strong earnings...

Lagos strengthens $500m World Bank HOPE programme with operational vehicle deployment

Lagos State has handed over a fleet of operational vehicles to boost implementation of the World Bank-backed World Bank Human Capital Opportunities for Prosperity...

South Africa taps zero-tariff access to China in landmark export breakthrough

South Africa has become the first African nation to export goods to China under a new zero-tariff policy, marking a significant milestone in trade...

Ibrahim Mahama’s Damang mine delivers first gold shipment to Bank of Ghana after takeover

Ibrahim Mahama’s Damang mine has delivered its first 110 kilograms of gold to the Bank of Ghana following the transfer of ownership, marking an...

Whisul Begins with AI Music to Power Creator Economy Infrastructure

Whisul is part of a growing wave of startups emerging from Africa and other regions focused on the creator economy. Its strategy reflects a broader industry shift toward decentralizing creative production and giving creators more direct control over their tools, audiences, and income streams.

Morocco explores undersea link to Portugal as Africa seeks new trade corridors

Morocco and Portugal are considering a proposed undersea highway tunnel that would directly connect the two countries, offering Africa an alternative trade route amid...

Nigerian stocks surge nearly 4%, extending 2026 rally beyond 50%

Nigerian Exchange Limited equities jumped close to 4% in a single trading session, pushing year-to-date gains past the 50% mark and reinforcing one of...

Google Cloud outpaces rivals as AI demand drives Big Tech earnings beat

Google has reported stronger-than-expected growth in its cloud division, outpacing rivals Microsoft and Amazon as surging demand for artificial intelligence services boosts revenue across...

AFC mobilises global lenders including Citi to finance Lobito corridor project

Africa Finance Corporation is lining up a consortium of regional and international lenders, including Citigroup, to finance the strategic Lobito Corridor project, underscoring rising...
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