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Business Africa

Citi Turns Bullish on Ford as Analyst Sees Stock Rally Gathering Momentum

Ford Motor has gained a prominent new supporter on Wall Street after Citigroup upgraded the automaker’s shares to “Buy” from “Neutral”, arguing that the...

New York Couple Purchases $47 Million Penthouse at Miami’s St. Regis Residences

A New York couple has purchased a $47 million penthouse at the St. Regis Residences, Miami, underscoring continued demand for ultra luxury real estate...

Nwachukwu Sets World Record, Enekwechi Wins Historic Gold as Amusan Secures Bronze for Nigeria

Nigeria delivered an outstanding performance at the 2026 Commonwealth Games, with Goodness Nwachukwu setting a new world record, Chukwuebuka Enekwechi claiming a historic shot...

IMF Completes Egypt Programme Reviews, Unlocks $1.8 Billion in Fresh Financing

The International Monetary Fund (IMF) has completed the seventh review of Egypt’s Extended Fund Facility (EFF) programme and the second review under its Resilience...

Disney’s Descendants: Wicked Wonderland Debuts at No. 1 on Billboard Kid Albums Chart

Disney’s Descendants: Wicked Wonderland has debuted at No. 1 on the Billboard Kid Albums chart, extending the enduring success of the Descendants franchise and...

Indian Premier League Surpasses $20 Billion Valuation as Billionaire Investors Drive Franchise Boom

The Indian Premier League (IPL) has surpassed a $20 billion business valuation for the first time, cementing its position as one of the world’s...

Canal+ Profit Jumps 68% as MultiChoice Turnaround Gains Momentum Across Africa

French media and entertainment company Canal+ reported a 68% increase in adjusted operating profit for the first half of 2026, as early benefits from...

Shell Second Quarter Profit More Than Doubles to $9.8 Billion as Higher Energy Prices Boost Earnings

Shell reported its strongest quarterly earnings since 2022 after higher oil and natural gas prices, robust trading performance and improved refining margins drove a...

Energean, Carlyle Among Bidders for BP’s Egypt Gas Assets as Portfolio Sale Advances

Several energy companies and investment firms, including Energean, Carlyle Group, Dragon Oil and Artemis Energy, are preparing bids for BP’s natural gas assets in...

US Seeks Role in Ethiopian Airlines’ $12.5 Billion Mega Airport Project

The United States is seeking a greater role for American companies in Ethiopian Airlines’ $12.5 billion Bishoftu International Airport project, as Washington intensifies efforts...

Japan Backs Namibia Rare Earth Project With Up to $34 Million Investment to Strengthen Critical Mineral Supply

Japan’s Japan Organization for Metals and Energy Security (JOGMEC) will invest up to 47.7 million Canadian dollars (about $34 million) in a Toyota Tsusho...

Tems Leads Children of Blood and Bone Soundtrack Featuring Burna Boy, Ayra Starr and Afrobeats Stars

Grammy Award winner Tems has been named Executive Music Producer and Curator of the official soundtrack for Paramount Pictures’ highly anticipated fantasy film Children...
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