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Business Africa

Egypt strengthens role as regional energy hub through Cyprus gas export partnership

QatarEnergy and ExxonMobil have turned to Egypt to help transport offshore natural gas from Cyprus to European markets, reinforcing Cairo’s growing importance as a...

Nigeria and Türkiye sign minerals partnership to unlock $750 billion resource potential

Nigeria has signed a Memorandum of Understanding with Türkiye to deepen cooperation in the solid minerals sector, opening the door for increased Turkish investment...

Tanzania’s Amsons Group nears $250 million Oryx Energies acquisition in major regional energy push

Amsons Group is reportedly close to acquiring Oryx Energies in a deal valued at about $250 million, a move that could significantly expand the...

Standard Bank edges out Capitec and FirstRand in historic $91 billion banking race

Standard Bank has overtaken Capitec Bank and FirstRand to become Africa’s most valuable lender in a fierce South African banking race that has pushed...

Eni and partners approve major new expansion for Ivory Coast energy project

Eni and its partners have approved a new development phase for the Baleine offshore project in Ivory Coast, marking another major milestone for one...

Pepkor earnings climb as acquisitions and strong clothing demand lift growth

Pepkor reported a 10.3% rise in half-year earnings, driven by acquisitions, strong demand for affordable clothing, and continued growth across its financial services business....

Idris Elba and Sabrina Elba named to TIME100 Philanthropy list for 2026

Idris Elba and his wife, Sabrina Elba, have officially been named to the prestigious 2026 TIME100 Philanthropy list, recognising influential global figures making significant...

Esiri twins captivate Cannes with Clarissa, a bold portrait of Lagos high society

Filmmaking twins Arie Esiri and Chuko Esiri have drawn major attention at the Cannes Film Festival with Clarissa, a Lagos-set drama exploring privilege, power,...

Delivery Hero shares surge to 18-month high after reports of Uber takeover interest

Shares in Delivery Hero climbed to their highest level in 18 months following reports that Uber is exploring a potential bid for the global...

Moroccan billionaire Anas Sefrioui deepens Africa expansion with new Gabon cement investment

Anas Sefrioui is redirecting millions of dollars in investment from Europe toward Africa as he expands his cement and industrial footprint in Gabon through...

Moroccan billionaire Elalamy expands into Europe’s distressed debt market with Swedish acquisition

Moulay Hafid Elalamy has acquired a majority stake in Arktika Capital AB, marking a strategic move into Europe’s rapidly growing distressed and non-performing loans...

Varun Beverages strengthens African expansion with new 10-year PepsiCo agreement

Ravi Jaipuria’s Varun Beverages has secured a new 10-year bottling and distribution agreement with PepsiCo as the company’s revenues across seven African markets climbed...
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