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Business Africa

Nigeria Opens Negotiations for $5.7 Billion Chinese Investment in Power and Mining

Nigeria has commenced discussions with Chinese investors to secure up to $5.7 billion in strategic funding aimed at developing the country’s power generation, mining,...

Burkina Faso’s 25% Equity Push at Mega Gold Project Proceeds Without Disruption

The government of Burkina Faso is engaged in constructive discussions to increase its stake in the Kiaka gold project to 25 percent, a move...

U.S. Expands Footprint in Africa With New Energy and Minerals Financing

The United States is deepening its economic engagement across Africa through new financing initiatives focused on energy infrastructure and critical minerals, according to reporting...

Africa’s Largest Aviation Hub Limits Foreign Access, Strengthens Local Airlines for Global Competition

Ethiopia, home to one of Africa’s most prominent aviation hubs, has decided against fully liberalizing its air transport market to foreign private airlines for...

Elumelu-Backed Seplat Deal Fuels $1.25 Billion Value Surge, Signals Fresh Energy Momentum

Shares of Seplat Energy surged on the Nigerian Exchange Limited after Heirs Energies, backed by billionaire investor Tony Elumelu, agreed to acquire a significant...
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