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Business Africa

Tanzania’s Central Bank Builds Gold Reserves With 28-Tonne Purchase in 18 Months

The Bank of Tanzania (BoT) has acquired approximately 28 metric tonnes of gold over the past 18 months as part of a government strategy...

Bukky Wright Premieres ‘The Return of Omotara Johnson’ in Lagos After 15-Year Wait

Veteran Nollywood actress and filmmaker Bukky Wright has premiered The Return of Omotara Johnson, the long-awaited sequel to her 2008 Yoruba crime classic, marking...

Japan’s Inpex Signs 15-Year LNG Supply Deal With ADNOC to Strengthen Energy Security

Japan’s Inpex Corporation has signed a 15-year liquefied natural gas (LNG) supply agreement with Abu Dhabi National Oil Company (ADNOC), securing long-term deliveries from...

Namibia Lifts Fuel Supply Restriction on Nasan Energies in Vitol Policy Reversal

Namibia has lifted a restriction preventing Nasan Energies from sourcing fuel from global commodities trader Vitol, reversing a key competition condition imposed earlier this...

Toyota to Invest $3.6 Billion in Texas, Shift Tacoma Production From Mexico

Toyota Motor will invest $3.6 billion to expand its manufacturing operations in Texas, shifting part of its Tacoma pickup truck production from Mexico to...

Samsung Forecasts 1,800% Surge in Quarterly Profit as AI Chip Demand Accelerates

Samsung Electronics expects its second-quarter operating profit to surge by more than 1,800% from a year earlier, driven by booming global demand for memory...

Elumelu to Step Down as UBA Chairman, Emmanuel Nnorom Named Successor

United Bank for Africa (UBA) has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors on August 21, 2026,...

Korty EO Unveiled as the Face of Adidas Nigeria’s Superstar Campaign

Nigerian filmmaker, YouTube creator, and cultural storyteller Korty EO has been unveiled as the face of adidas Originals Nigeria’s latest Superstar campaign, adding another...

Australia and Fiji Sign Landmark Security Pact as Pacific Rivalry With China Intensifies

Australia and Fiji have signed a landmark defence alliance and a broader economic and security agreement, deepening strategic ties as Canberra strengthens its presence...

Africa’s Largest Solar Mini-Grid Operator Plans $650 Million Expansion Into Nigeria and DR Congo

WeLight, Africa’s largest solar mini-grid operator, is planning a $650 million expansion aimed at accelerating electricity access across the continent, with Nigeria and the...

Thales Agrees to Acquire Exail Technologies in €3.9 Billion Defence Deal

French aerospace and defence group Thales has agreed to acquire Exail Technologies in a deal valuing the maritime robotics and navigation specialist at €3.9...

ITV Sells Media and Entertainment Division to Sky in £1.6 Billion Deal

ITV has agreed to sell its Media and Entertainment division to Sky, the British pay television company owned by Comcast, in a deal worth...
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