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Business Africa

Continental Reinsurance Revives Botswana IPO Market With Landmark $155 Million Listing

Continental Reinsurance Holdings is set to make history on...

Renault Backed Wandercraft Targets €100 Million to Scale AI Powered Robotics

French robotics company Wandercraft is seeking up to €100...

Lufthansa and Air France KLM Enter Final Race for TAP Air Portugal

The privatisation of Portugal’s flag carrier TAP Air Portugal...

Trump and Xi prepare for high-stakes talks spanning Iran, trade, nuclear security and AI 

Donald Trump and Xi Jinping are set for a major summit in Beijing this week, with discussions expected to cover the Iran conflict, nuclear...

AfDB approves $61m financing package for women-led businesses in Nigeria

African Development Bank has approved a $61 million financing package aimed at supporting women-led businesses in Nigeria, as part of broader efforts to expand...

Norway’s sovereign wealth fund explores partnership with Dangote for Africa investments

Norway’s sovereign wealth fund is considering a potential partnership to expand investment exposure across Africa, signalling growing international interest in the continent’s industrial and...

Prosus sells 5% Delivery Hero stake to activist investor in strategic reshuffle

Prosus has sold a 5% stake in Delivery Hero to activist investment firm Sachem Head Capital Management, marking a significant shift in the ownership...

Dangote moves ahead with plans for $17bn Kenya refinery to reshape East Africa’s energy market

Aliko Dangote is advancing plans to build a massive oil refinery in Kenya valued between $15 billion and $17 billion, in a move that...

Vodacom posts 22.9% profit jump as African operations drive growth

Vodacom reported a 22.9% rise in full-year profit, supported by strong performance across its African markets and continued growth in digital financial services. The...

Jumia doubles down on China imports and Nigeria expansion in push for profitability

Jumia is intensifying its focus on low-cost imports from China while aggressively expanding operations in Nigeria as the company races toward profitability after years...

FIFA to hold separate World Cup opening ceremonies across Mexico, Canada and US

FIFA will stage separate opening ceremonies in Mexico, Canada, and the United States during the 2026 FIFA World Cup, marking the first time the...

Formula One set for another engine overhaul in 2027 amid sustainability push

Formula One is preparing for another major engine regulation change in 2027, as the sport continues efforts to balance performance, cost control, and sustainability...

Huayou Cobalt moves on $210m takeover of Africa-focused lithium miner

Huayou Cobalt is set to acquire an Africa-focused lithium mining company in a deal valued at about $210 million, reinforcing China’s aggressive push to...

Cevital launches $600m sugar beet project as Algeria pushes food security drive

Issad Rebrab’s conglomerate Cevital has launched a $600 million sugar beet project aimed at boosting domestic sugar production and reducing Algeria’s dependence on imports....

Fitch upgrades Ghana as reforms strengthen fiscal outlook and investor confidence

Ghana has received a credit rating upgrade from Fitch Ratings following stronger fiscal reforms, improving economic indicators, and renewed progress in debt restructuring efforts....
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