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Business Africa

MTN and Telecel Set for 5G Licence Battle in Ghana After End of Ambani-Backed Deal

MTN Group and Telecel Group are preparing to compete for 5G licences in Ghana after the government moved to end the exclusive rights previously...

Naguib Sawiris Invests Additional $10 Million to Transform Giza Plateau Into Year-Round Tourism Hub

Egyptian billionaire Naguib Sawiris is investing an additional 500 million Egyptian pounds ($10 million) to accelerate the transformation of the Giza Plateau into a...

World Cup Drives Google Search to Record Queries Per Second

The 2026 FIFA World Cup has propelled Google Search to its highest-ever level of activity, with the search engine recording a new all-time peak...

ExxonMobil Commits $1 Billion to Nigeria’s Usan Oilfield Development

ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, marking the company’s return to drilling operations in the...

Binance Reaffirms EU Commitment While Pursuing New Licences Across Asia

Binance, the world’s largest cryptocurrency exchange, has reaffirmed its commitment to the European Union while accelerating efforts to secure additional regulatory licences across Asia,...

Netherlands and UK Sign $3.2 Billion Deal for Next-Generation Amphibious Ships

The United Kingdom and the Netherlands have signed a £2.4 billion ($3.2 billion) maritime partnership to jointly develop and build a new generation of...

Zimbabwe Begins Blueberry Exports to China in Major Boost for Horticulture Trade

Zimbabwe has commenced commercial exports of blueberries to China, opening access to one of the world’s fastest-growing fruit markets as the country seeks to...

Dangote to Finance Proposed Kenya Refinery With Cash, Bonds and Planned IPO

Dangote Group plans to finance its proposed 700,000-barrel-per-day oil refinery in Kenya through a combination of internally generated cash, bond issuances, and proceeds from...

South Sudan Eases Oil Injunction After BB Energy Awarded Three Crude Cargoes

South Sudan has agreed to relax a court injunction that had restricted it from securing new oil prepayment deals after commodities trader BB Energy...

UTM Offshore Secures Long-Term Gas Supply Deal for $3 Billion LNG Project

UTM Offshore has secured a 15-year gas supply agreement, clearing one of the final major hurdles for its $3 billion Floating Liquefied Natural Gas...

Safaricom Shareholders to Vote on Vodafone’s Right to Appoint Chief Executive

Shareholders of Safaricom Plc, Kenya’s largest telecommunications company, are set to vote on a proposal that would grant Vodafone Kenya the formal right to...

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...
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