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Business Africa

U.S. weighs buying Chagos Islands as strategic Diego Garcia base remains at center of dispute

The White House is considering a proposal to purchase the Chagos Islands from Mauritius, according to a report by The Telegraph and CNBC Africa,...

South Africa’s Omnia posts 21% profit surge, rewards shareholders with higher dividend

South African fertiliser and chemicals producer Omnia Holdings reported a strong financial performance for the year ended March 31, 2026, with headline earnings per...

Netflix names longtime director Jay Hoag chairman as Reed Hastings exits board

Netflix has appointed longtime board member and venture capitalist Jay Hoag as chairman, succeeding co-founder Reed Hastings, who has officially stepped down from the...

WHO launches $518 million plan to combat Africa’s growing Ebola outbreak

The World Health Organization (WHO) and the Africa Centres for Disease Control and Prevention (Africa CDC) have launched a joint $518 million continental response...

Eskom secures LNG supply deal for planned 3,000 MW Richards Bay power project

South Africa’s state-owned power utility, Eskom, has signed a long-term liquefied natural gas (LNG) agreement with the Zululand Energy Terminal (ZET), a key step...

Nigeria, Niger and Algeria advance 4,128km gas pipeline to supply Europe with 30 billion cubic metres annually

Nigeria, Niger and Algeria are accelerating work on the long-awaited Trans-Saharan Gas Pipeline (TSGP), a 4,128-kilometre energy corridor designed to transport up to 30...

Santan Dave to close global tour with historic first-ever headline shows in Lagos

British-Nigerian rapper, producer, and songwriter Dave is set to make history with his first-ever headline concerts in Nigeria, bringing his acclaimed The Boy Who...

Electrum-backed Mexican silver miner Sinda files for U.S. IPO amid mining market revival

Sinda Ltd., a silver exploration and development company backed by natural resources investment firm The Electrum Group, has filed for a U.S. initial public...

Nike’s ‘Rip the Script’ World Cup Campaign Unites Global Sports and Entertainment Icons

Nike has unveiled its blockbuster “Rip the Script” campaign ahead of the 2026 FIFA World Cup, bringing together some of the biggest names in...

U.S. firm to build $6.2 billion hydro project and data center in Lesotho

Lesotho is set to host a landmark $6.2 billion infrastructure investment that combines a large-scale hydropower project with a modern data center, in a...

Vedanta eyes New York listing to fund expansion of Zambia copper operations

Vedanta Resources, the mining group controlled by Indian billionaire Anil Agarwal, is seeking fresh capital for its Zambian copper business through a planned stock...

Zambia sweetens buyback offer for $1.36 billion Eurobond as debt management push intensifies

Zambia has enhanced its offer to repurchase its $1.36 billion Eurobond due in 2053, increasing incentives for bondholders in a bid to secure stronger...
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