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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...

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

Saudi-based ADES Holding Company has secured a $92.7 million...

Kemet partners with Coinbase to expand institutional crypto derivatives access

New York-based crypto infrastructure startup Kemet, founded by an...

Nigeria and UAE Forge Strategic Partnership on Ports Development and Maritime Logistics

Nigeria and the United Arab Emirates (UAE) have signed a landmark Memorandum of Understanding (MoU) to strengthen cooperation in ports development, maritime logistics, and...

Paystack Launches The Stack Group as Parent Company Following Microfinance Bank Licence

Nigeria‑born fintech Paystack has officially unveiled The Stack Group (TSG) as its new parent holding company, signaling a strategic shift from a payments-focused business...

Nigeria Targets ₦900 Billion in January 2026 Bond Auction

Nigeria’s Federal Government is seeking to raise ₦900 billion in its January 2026 Federal Government of Nigeria (FGN) bond auction, underscoring efforts to deepen...

Nigeria to Roll Out Satellite-to-Phone Technology for 23.3 Million Underserved Citizens

Nigeria’s Nigerian Communications Commission (NCC) is moving forward with plans to deploy satellite-to-phone technology to expand mobile connectivity to an estimated 23.3 million people...

World Economic Forum to Resume Africa Meetings in April 2027

The World Economic Forum (WEF) has announced plans to revive its Africa Meetings in April 2027, restoring a flagship regional forum that has been...

Nigeria’s Non-Oil Trade Reaches Record $6.1 Billion

Nigeria’s non-oil trade reached a historic high of $6.1 billion in 2025, marking the strongest performance ever recorded for the sector, as the country...

Kenya Launches IPO of State Oil Pipeline Firm, Targeting $825 Million

Kenya has launched the initial public offering of its state-owned Kenya Pipeline Company, seeking to raise about 106.3 billion shillings, or roughly $825 million,...
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