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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...

S&P Restores Afreximbank’s Investment-Grade Rating in Major Boost for African Trade Finance

The African Export-Import Bank (Afreximbank) has regained its investment-grade status after S&P Global Ratings assigned the institution a BBB+ rating with a stable outlook,...

Zimbabwe State Gold Miner Targets Doubling Output by 2029 as Expansion Projects Gain Momentum

Zimbabwe’s state-owned gold producer, Mutapa Gold Resources, plans to double its annual gold output to 220,000 ounces by 2029, supported by a series of...

Zimbabwe Moves to Regulate Cryptocurrency Sector With New Licensing Framework

Zimbabwe has introduced its first comprehensive regulatory framework for cryptocurrencies, requiring businesses dealing in virtual assets to register with authorities and pay annual licensing...

Naguib Sawiris Expands Greek Luxury Tourism Bet With New Mykonos Resort

Egyptian billionaire Naguib Sawiris is deepening his investment in Greece’s luxury tourism sector with the development of a new five-star resort on the island...

Johann Rupert Strengthens Grip on South African Healthcare With Approval of Major Mediclinic Deal

South African billionaire Johann Rupert has secured regulatory approval for one of the country’s largest healthcare transactions in recent years, strengthening his control over...

Family Bank Set for NSE Debut as CMA Approves Landmark Listing

Kenya’s Family Bank will begin trading on the Nairobi Securities Exchange (NSE) on June 23, 2026, after securing approval from the Capital Markets Authority...

ChatGPT Surpasses One Billion Monthly Users Despite Growing Public Skepticism Around AI

OpenAI’s ChatGPT has surpassed one billion monthly active users, reaching a milestone that cements its position as one of the fastest-growing consumer technology platforms...

Nigeria Lawmakers Advance State Police Reform to Tackle Growing Insecurity

Nigeria’s National Assembly has advanced a landmark constitutional reform that would allow each of the country’s 36 states to establish and operate its own...

Dangote Refinery Seeks $1 Billion Private Placement Ahead of Planned Public Listing

Dangote Petroleum Refinery is seeking to raise approximately $1 billion through a private placement as it prepares for a future stock market listing, in...

Mexico Opens World Cup With Passion, Pride and Parties

Mexico launched the 2026 FIFA World Cup with a vibrant display of national pride, music, and football fervor as more than 80,000 fans packed...

Bayelsa’s Tamunosoye Karibi-George Crowned Miss World Nigeria 2026

Tamunosoye Karibi-George, representing Bayelsa State, has emerged as Miss World Nigeria 2026 after defeating contestants from across the country at the pageant’s grand finale...

China’s Hengli Turns to West African and Middle Eastern Crude as U.S. Sanctions Reshape Supply Strategy

China’s Hengli Petrochemical is seeking increased supplies of West African and Middle Eastern crude oil after U.S. sanctions disrupted its access to Iranian oil,...
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