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Business Africa

Business Africa

Paystack Launches The Stack Group as Parent Company Following Microfinance Bank Licence

Nigeria‑born fintech Paystack has officially unveiled The Stack Group (TSG) as its new parent holding company, signaling a strategic shift from a payments-focused business...
Business Africa

Nigeria Targets ₦900 Billion in January 2026 Bond Auction

Nigeria’s Federal Government is seeking to raise ₦900 billion in its January 2026 Federal Government of Nigeria (FGN) bond auction, underscoring efforts to deepen...
Business Africa

Nigeria to Roll Out Satellite-to-Phone Technology for 23.3 Million Underserved Citizens

Nigeria’s Nigerian Communications Commission (NCC) is moving forward with plans to deploy satellite-to-phone technology to expand mobile connectivity to an estimated 23.3 million people...
Business Africa

World Economic Forum to Resume Africa Meetings in April 2027

The World Economic Forum (WEF) has announced plans to revive its Africa Meetings in April 2027, restoring a flagship regional forum that has been...
Business Africa

Nigeria’s Non-Oil Trade Reaches Record $6.1 Billion

Nigeria’s non-oil trade reached a historic high of $6.1 billion in 2025, marking the strongest performance ever recorded for the sector, as the country...
Business Africa

Kenya Launches IPO of State Oil Pipeline Firm, Targeting $825 Million

Kenya has launched the initial public offering of its state-owned Kenya Pipeline Company, seeking to raise about 106.3 billion shillings, or roughly $825 million,...
Business Africa

Dangote Signs $350 Million Deal With Indian Firm EIL to Expand Lagos Refinery

Nigeria’s Dangote Group has inked a $350 million contract with India’s state-owned Engineers India Ltd (EIL) to drive the next phase of expansion at the...
Business Africa

Saudi Arabia Launches Gold Market in Africa, Challenging Dubai’s Longstanding Dominance

Saudi Arabia has established a new gold trading market in Africa, signaling its ambition to become a major hub for the continent’s bullion trade...
Business Africa

Nigeria Emerges as Top Belt and Road Beneficiary With China-Backed $24.6 Billion GRIP Megaproject

Nigeria has emerged as the largest beneficiary of China’s Belt and Road Initiative in 2025, driven by a $24.6 billion construction commitment tied to...
Business Africa

Ethiopia Moves to Take Full Control of Its Currency, Aiming for Long Term Stability

Ethiopia is moving to localise the production of its national currency, the Ethiopian birr, as part of a broader effort to strengthen monetary sovereignty...
Business Africa

Egyptian Food Retailer Gourmet Plans IPO to Float 47.6% Stake

Egyptian premium food retailer Gourmet Egypt is preparing to float 47.6 percent of its issued shares in an initial public offering on the Egyptian...
Business Africa

Senegal Crowned AFCON Champions After Dramatic Final Showdown

Senegal clinched the Africa Cup of Nations title after a tense and dramatic final, edging past Morocco in extra time to secure their place...
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