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Business Africa

Dangote Sugar Secures $356 Million to Cut Debt and Accelerate Local Production

Dangote Sugar Refinery has raised ₦486 billion ($356 million) through an oversubscribed rights issue as Nigeria’s largest sugar producer moves to strengthen its balance...

Nathan Kirsh Crosses $20 Billion Mark as Sysco Deal Reshapes Africa’s Wealth Rankings

Eswatini based billionaire Nathan “Natie” Kirsh has crossed the $20 billion net worth threshold, becoming the third African linked billionaire to reach the milestone,...

Tinubu Courts Diaspora Capital as Nigeria Seeks More Productive Investment

President Bola Ahmed Tinubu has urged Nigerians living abroad to move beyond remittances and channel more of their wealth, expertise and global networks into...

Ayra Starr Expands Global Afropop Run With Third Album Starrgirl

Nigerian Afrobeats star Ayra Starr has released her third studio album, Starrgirl, a 16 track project that marks a new phase in the singer’s...

Trustar Nears $1.3 Billion Acquisition of Alibaba’s Gaming Business

Private equity firm Trustar Capital is nearing an agreement to acquire Lingxi Games, Alibaba Group’s video game business, in a transaction that could value...

Russia Unveils New Rare Earth Mineral as Global Race for Critical Resources Intensifies

Russian scientists have identified a previously unknown rare earth rich mineral on the Kola Peninsula, adding to Moscow’s efforts to develop domestic supplies of...

Dangote Refinery Targets October IPO as Nigeria Seeks Wider Public Ownership

Nigeria’s Dangote Petroleum Refinery plans to launch a retail focused initial public offering in October, potentially creating Africa’s largest IPO as the 650,000 barrel...

Madagascar Imports Emergency Diesel Cargo as Energy Crisis Deepens

Madagascar has imported a 63,000 tonne diesel shipment to ease fuel shortages and energy supply disruptions linked to the war in Iran, as the...

China Approves ₦40 Billion Grant to Accelerate Nigeria’s Development Projects

China has approved a RMB200 million grant, worth about ₦40.3 billion, to support Nigeria’s economic development and the implementation of projects jointly agreed by...

Wizkid Set to Open Detty December Fest as Lagos Bets Big on 2026 Tourism Economy

Nigerian Afrobeats superstar Wizkid will headline the opening concert of the 2026 Detty December Fest in Lagos, giving the festival a major commercial draw...

Tinubu Targets Profitable Refinery Revival Through Nigeria’s Structural Reset

President Bola Ahmed Tinubu has pledged to revive Nigeria’s government owned refineries through a comprehensive structural and economic overhaul, signalling a renewed push to...

India Turns to African Fertiliser Suppliers as Hormuz Disruptions Reshape Urea Trade

India has sharply increased its purchases of urea from Egypt, Algeria and Nigeria, importing about 1.1 million tonnes from the three African producers in...
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