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Business Africa

Angola Seeks De Beers Stake to Shape Future Strategy, Minister Says

Angola is seeking to acquire a strategic stake in De Beers, arguing that greater ownership would allow the country to play a more active...

BlackRock Surpasses $15 Trillion in Assets After Attracting $192 Billion in New Investments

BlackRock, the world’s largest asset manager, has crossed the $15 trillion assets-under-management milestone after attracting $192 billion in net client inflows during the second...

Meta’s Stock Rebound Signals Growing Investor Confidence in AI Strategy

Meta Platforms has staged a sharp rebound in its share price, signalling renewed investor confidence in the company’s ambitious artificial intelligence strategy despite concerns...

Dubai Property Tycoon Plans $20 Billion Development to Help Rebuild Syria

Dubai property billionaire Mohamed Alabbar, founder of Emaar Properties, is planning to invest up to $20 billion in large-scale real estate and tourism developments...

Nigeria’s Pension Assets Surge 51% to $22.8 Billion as Scheme Membership Expands

Nigeria’s pension assets have grown by 51% over the past two years to reach ₦31.48 trillion ($22.8 billion), reflecting stronger public confidence in the...

Ghana’s Artisanal Gold Output Set to Surpass Record 2025 Levels

Ghana’s artisanal and small-scale mining (ASM) sector is on course to exceed its record-breaking 2025 gold production, reinforcing the country’s position as Africa’s largest...

Luxury Watches Overtake Classic Cars as Preferred Investment Among Kenya’s Wealthy

Luxury watches have emerged as the preferred collectible investment among Kenya’s high-net-worth individuals, overtaking classic cars as affluent investors increasingly seek portable assets that...

Pure DC Advances Finland AI Data Centre With Microsoft Agreement

Pure Data Centres Group (Pure DC) is accelerating the development of a major artificial intelligence data centre campus in Finland after securing a long-term...

AstraZeneca Secures Chinese Lung Cancer Drug in Deal Worth Up to $1.5 Billion

AstraZeneca has strengthened its oncology pipeline by signing an exclusive global licensing agreement worth up to $1.5 billion with Chinese biotechnology company Dizal Pharmaceutical...

Deutsche Bank and World Bank Partner on Trade Finance Platform to Unlock Emerging Market Lending

Deutsche Bank and the World Bank Group have joined forces on a pioneering trade finance risk transfer platform designed to expand lending capacity for...

Brazil’s First Ethanol-Powered Ship Marks Major Breakthrough for Global Biofuels

Brazil has achieved a landmark in sustainable shipping after completing the country’s first refuelling of a deep-sea container vessel with ethanol, highlighting the growing...

Nigeria’s Oil Production Reaches Highest Level Since 2020 as Output Surpasses OPEC Quota

Nigeria’s crude oil production climbed to its highest level in more than six years in June 2026, surpassing the country’s OPEC production quota as...
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