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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...

Dubai’s Apparel Group explores IPO for India business amid retail expansion push

Dubai-based Apparel Group is exploring an initial public offering for its fast-growing India business as the retail giant seeks to capitalize on rising consumer...

Canal+ gains on Johannesburg debut as French media giant expands African footprint

French media and entertainment group Canal+ rose in its debut trading session on the Johannesburg Stock Exchange, marking a historic milestone as the first...

Dangote Refinery targets global jet fuel market with 700,000 bpd expansion

Dangote Petroleum Refinery is positioning itself as a major global supplier of aviation fuel, unveiling plans to add 700,000 barrels per day of new...

Ghana lands Hyundai plant and new university as South Korea deepens Africa investment push

Ghana is set to host a Hyundai automotive manufacturing plant and a new university under an expanding partnership with South Korea, a development expected...

Amazon launches Prime in South Africa for under $4 a month

Amazon has launched its Prime subscription service in South Africa according to Reuters, offering customers access to faster deliveries, entertainment content, exclusive shopping deals,...

Neon Sets Theatrical Release Date For Na Hong-Jin’s Cannes Sci-Fi sensation ‘Hope’

Neon has set a September 9 North American theatrical release date for Hope, the highly anticipated science-fiction thriller from acclaimed South Korean filmmaker Na...

Vin Diesel shifts Fast & Furious into television with four new spin-offs

The Fast & Furious franchise is preparing for a major expansion beyond the big screen after star and producer Vin Diesel announced that four...

Congo Basin secures over $3 billion for climate and sustainable development projects

The Congo Basin, often described as the world’s second-largest ecological lung after the Amazon, has attracted more than $3 billion in new funding commitments...

Spiro raises $215 million as Africa’s largest electric mobility company races toward unicorn status

Spiro, widely regarded as Africa’s largest electric mobility company, has secured $215 million in fresh equity financing to accelerate the expansion of its electric...

EU launches first South Africa investment roadshow in race for critical minerals

The European Union has launched its first investment roadshow in South Africa focused on critical minerals, underscoring Europe’s growing efforts to secure supplies of...

AfDB moves to become largest shareholder in African guarantee platform to unlock infrastructure investment

The African Development Bank is set to become the largest shareholder in the Nairobi-based African Trade and Investment Development Insurance (ATIDI) through a planned...

Zambia’s ZCCM-IH partners with Chinese firm on 600MW coal power project

ZCCM Investments Holdings has entered into a partnership with Chinese-owned Wonderful Group Services to develop a 600-megawatt coal-fired power plant in Zambia, a major...
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