Business Africa

Finance

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

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

Business Africa

Zambia Targets $1.8 Billion Gold Opportunity Through Small Scale Mining Formalisation

Zambia is targeting more than $1.8 billion in potential...

Entertainment News

IMAX China Sees Premium Cinema Formats Gain Ground as Audiences Demand Better Experiences

IMAX China is seeing stronger demand for premium cinema...

Technology News

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

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

Finance

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

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

Business Africa

Safaricom posts 59% surge in annual pretax profit on strong fintech growth

Safaricom reported a 59% jump in annual pretax earnings, driven by strong growth in its mobile money business and expanding digital services. The performance,...

Business Africa

Egypt posts 5% preliminary GDP growth in strong start to 2026

Egypt recorded preliminary economic growth of 5% in the first quarter of 2026, signalling continued resilience despite global economic uncertainty and regional trade disruptions....

Business Africa

Stellantis launches Middle East and Africa’s first vehicle dismantling hub in Morocco

Stellantis has opened the first vehicle dismantling and recycling centre in the Middle East and Africa region in Morocco, marking a major step in...

Business Africa

Heidelberg Materials eyes takeover of South Africa’s 134-year-old cement giant PPC

Germany’s Heidelberg Materials is exploring a potential acquisition of PPC Ltd, a 134-year-old cement producer, as it seeks to expand its footprint across Africa’s...

Business Africa

Saudi ADES expands Africa footprint with $92.7m offshore contract from Seplat

Saudi-based ADES Holding Company has secured a $92.7 million offshore drilling contract from Seplat Energy, marking a further expansion of its presence in Nigeria’s...

Business Africa

Kemet partners with Coinbase to expand institutional crypto derivatives access

New York-based crypto infrastructure startup Kemet, founded by an Egyptian entrepreneur, has partnered with Coinbase to expand institutional access to crypto derivatives, deepening the...

Business Africa

Green Sky Capital secures $500m backing for Egypt SAF plant in aviation fuel push

Qatar-based Green Sky Capital has secured funding for a sustainable aviation fuel (SAF) production facility in Ain Sokhna, Egypt, in a project believed to...

Business Africa

Mozambique eyes mining boom with 15% stake push and export ban strategy

Mozambique is positioning itself to capture greater value from its mineral resources by introducing a 15% mandatory state stake in major mining projects and...

Business Africa

Samsung crosses $1 trillion valuation as AI boom fuels historic stock rally

Samsung Electronics has surpassed a $1 trillion market valuation for the first time, driven by a powerful rally in semiconductor stocks linked to surging...

Business Africa

Trafigura among bidders for Natref stake as South Africa refinery sale attracts interest

Trafigura is among three bidders competing for a minority stake in South Africa’s Natref oil refinery, as the sale process for the asset gathers...

Business Africa

Nigeria’s NNPC remits $2.1bn in Q1 as reforms boost earnings, output still trails targets

Nigeria’s state oil firm, NNPC Limited, has remitted $2.1 billion to the national treasury in the first quarter of 2026, reflecting stronger revenue flows...

Business Africa

Starwood’s Sternlicht expands global data centre footprint amid AI surge

Barry Sternlicht, CEO of Starwood Capital Group, is accelerating a global push into data centres as demand for artificial intelligence infrastructure drives a new...

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