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Business Africa

Former AfDB chief to lead Botswana diamond fund as country accelerates diversification drive

Akinwumi Adesina has been appointed chairperson of Botswana’s new Diamonds for Development Fund, a strategic initiative created by the Government of Botswana and De...

MiniMax eyes China listing as AI race with DeepSeek intensifies

MiniMax is preparing for a domestic stock market listing in China as it ramps up competition with fast-growing AI rivals such as DeepSeek in...

US, UK and Australia deepen undersea security alliance with advanced drone programme

The United States, United Kingdom, and Australia have announced a new phase of cooperation under the AUKUS security partnership, focusing on the joint development...

Finland’s economy grows at fastest pace in nearly five years amid recovery momentum

Finland’s economy expanded at its fastest pace in almost five years during the first quarter of 2026, signaling a stronger-than-expected recovery after a prolonged...

Nigeria’s telecom boom drives airtime spending beyond $5.6 billion as data demand surges

Nigeria’s rapidly expanding telecommunications sector has pushed consumer airtime spending beyond $5.6 billion as rising smartphone adoption, digital services, and internet consumption continue fueling...

Dangote Refinery emerges as world’s largest jet fuel exporter amid global supply disruptions

Dangote Petroleum Refinery has become the world’s largest exporter of jet fuel, a major milestone that is reshaping global aviation fuel supply chains and...

Ethiopia unveils ambitious electric mobility roadmap to transform transport sector

Ethiopia has launched a national electric mobility roadmap aimed at transforming its transport sector, cutting emissions, and building a domestic clean-technology industry over the...

Transnet signs major LNG terminal agreement at Ngqura port in South Africa

Transnet has signed a long-term operator agreement for a liquefied natural gas import terminal at the Port of Ngqura, marking another major step in...

Alvarez & Marsal expands into Africa as global investors intensify focus on the continent

Alvarez & Marsal has expanded into Africa with the launch of its first office on the continent in Cape Town, as rising global investor...

Patience Ozokwor joins Jay-Jay Okocha and Super Eagles stars in Nike’s World Cup-inspired campaign

Veteran Nollywood actress Patience Ozokwor has joined football icon Jay-Jay Okocha and current Nigeria national football team stars in Nike’s latest Nigeria-inspired 2026 football...

Morocco surpasses South Africa as Africa’s top industrial economy in AfDB report

Morocco has overtaken South Africa as Africa’s leading industrial economy, according to a new report released by the African Development Bank and reported by...

Ghana launches e-visa platform and waives fees for African travellers

Ghana has launched a new electronic visa system and announced visa fee waivers for African travellers in a major shift aimed at strengthening regional...
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