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Business Africa

Hong Kong Aims to Attract More Borrowers in Offshore Yuan Push

Hong Kong is intensifying efforts to strengthen its position as the world’s leading offshore Chinese yuan (renminbi) hub by attracting more borrowers and expanding...

Dangote to Build Africa’s Largest Detergent Raw Material Plant as Refinery Reaches Full Capacity

Aliko Dangote has announced plans to expand the Dangote Group’s Dangote Petroleum Refinery complex with a new petrochemical facility that will make Nigeria a...

Ghana Set to Sign Major Trade Deal With China

Ghana is preparing to finalize a landmark trade agreement with China aimed at boosting exports, supporting industrialization, and creating jobs, according to Business Insider...

Glencore to Purchase Nearly $115 Million in Cobalt From Industry Veteran Weisfisch

Global commodities trader Glencore has agreed to buy almost 2,000 metric tons of cobalt from veteran metals trader Rami Weisfisch, in a transaction valued...

Nigeria to Launch New Crude Grade Exports in March, Boosting Output

Nigeria will begin exporting a new light sweet crude grade, Cawthorne, in March 2026 as part of efforts to strengthen production capacity and expand...

Google to Build Minnesota Data Center Powered by New Solar, Wind and Battery Storage

Google has unveiled plans to develop a major new data center in Pine Island, Minnesota, alongside a large-scale clean energy package that includes wind,...

Nigeria’s Central Bank Delivers Modest Rate Cut to Restart Easing Cycle

The Central Bank of Nigeria has reduced its benchmark Monetary Policy Rate (MPR) by 50 basis points to 26.5 percent, marking a cautious return...

Turkey Intensifies Africa Engagement With Push Into Oil and Spaceports

Turkey is expanding its strategic and economic footprint across Africa, focusing on energy exploration and aerospace initiatives, according to reporting by Bloomberg.Central to Turkey’s...
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