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Business Africa

Martina Biene Moves to Å koda as Christiane Zorn Takes Over Volkswagen Group Africa

Volkswagen Group Africa Chairperson and Managing Director Martina Biene...

CaixaBank’s BPI Exits Angola With €388.5 Million Sale of BFA Stake

CaixaBank’s Portuguese subsidiary Banco BPI has agreed to sell...

Dangote Refinery Targets Up to $1.8 Billion in Landmark Nigerian IPO

Nigeria’s Dangote Petroleum Refinery is preparing to raise between...

Folagade Banks Takes Mama Deola From Viral Skits to Kava TV Original Film

Nigerian actor, comedian and filmmaker Folagade Banks has premiered...

Australia Secures $1.8 Billion Defence Export Deal With Canada for Advanced Radar System

Australia has secured a landmark A$1.8 billion ($1.8 billion) defence export agreement with Canada for the supply of an advanced over-the-horizon radar system, marking...

Mercedes-Benz Unveils All-Electric VLE Grand Limousine, Redefining Luxury People Movers

Mercedes-Benz is preparing to introduce its first-ever VLE Grand Limousine, an all-electric luxury vehicle designed to blur the lines between executive sedan, limousine, and...

Porsche Pursues New Cost-Cutting Deal as Automaker Prioritizes Profitability Over Volume

Porsche AG is preparing a new cost-cutting agreement with employees as the luxury carmaker seeks to strengthen profitability amid weaker demand, declining sales in...

Ghana Pushes for Greater Local Control of Gold Fields’ Largest Mine to Boost Mining Revenue

Ghana is seeking to increase local ownership and participation in Gold Fields’ Tarkwa Mine, the country’s largest gold-producing operation, as part of a broader...

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 connecting the country to key markets in East and Southern Africa, a move expected to...

Kenya Taps TDB and AFC to Arrange $1.2 Billion Financing for Major Airport Expansion

Kenya has appointed the Trade and Development Bank (TDB) and the Africa Finance Corporation (AFC) to help arrange $1.2 billion in financing for the...

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) says a planned initial public offering (IPO) of CopperTech Limited could accelerate a $2.7 billion...

Absa Moves to Increase Kenya Stake Through $238 Million Tender Offer

Absa Group has launched a $238 million tender offer to increase its ownership in Absa Bank Kenya, underscoring the South African lender’s growing confidence...

H.E.R., BINI, Lea Salonga and Sophia Laforteza Lead Star-Studded Soundtrack for DreamWorks’ Forgotten Island

DreamWorks Animation has unveiled an impressive musical lineup for the soundtrack of its upcoming animated fantasy adventure Forgotten Island, with Grammy-winning artist H.E.R., Filipino...

Novo Nordisk Owner Launches European Obesity Drug Incubators to Accelerate Medical Innovation

Novo Nordisk Foundation, the controlling shareholder of Danish pharmaceutical giant Novo Nordisk, is launching a network of obesity and metabolic disease research incubators across...

South African Investor Roelof Botha Joins SpaceX Board in Strategic Reunion With Elon Musk

South African-born venture capitalist Roelof Botha has joined the board of SpaceX, strengthening the leadership ranks of one of the world’s most influential technology...

Zambia and U.S. Expand $491 Million Programme to Support Critical Minerals Infrastructure

Zambia and the United States have agreed to expand the scope of a $491 million grant programme to include infrastructure supporting the country’s growing...
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