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Business Africa

Canal+ Forecasts $479 Million in Annual Synergies by 2030 After $3 Billion MultiChoice Acquisition

Canal+ expects to generate about €400 million ($479 million) in annual synergies by 2030 following its $3 billion acquisition of South Africa’s MultiChoice, the...

West Africa Sees Surge in Indian Diesel After EU Blocks Russian Supply

West Africa has seen a sharp increase in Indian diesel imports following the European Union’s ban on fuel refined from Russian crude, Reuters reported....

PayPal Tests Africa Strategy in Nigeria with $100 Million Fund After Shares Slump

PayPal Holdings Inc. is testing its Africa strategy with a $100 million fund aimed at investments, partnerships, and acquisitions in fintech startups, selecting Nigeria...

Tanzania to Sell Gold Reserves to Finance Infrastructure Projects

Tanzania plans to sell part of its gold reserves to help finance major infrastructure projects as external development funding becomes harder to secure, the...

AES Faces First Major Economic Test After ECOWAS Exit as Currency Rumours Hit Setback

The Alliance of Sahel States (AES), formed by Mali, Burkina Faso and Niger following their exit from the Economic Community of West African States...

South Africa’s Auto Sector Is Not Seeking Steep Import Duty Hikes, BMW CEO Says

South Africa’s automotive industry is not calling for sharp increases in vehicle import duties, despite growing concern over rising imports, BMW South Africa’s chief...
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