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Business Africa

Equity Bank targets Southern Africa expansion with focus on Lobito Corridor trade route

Equity Group Holdings is planning a major expansion into Southern Africa as it positions itself to capitalise on growing trade opportunities linked to the...

Dangote raises planned Ethiopia fertiliser project to $4bn in major expansion push

Aliko Dangote has expanded plans for his proposed fertiliser plant in Ethiopia to about $4 billion, significantly increasing the scale of one of Africa’s...

Qatari billionaire family targets African infrastructure with Ethiopia airport and Congo road bids

A prominent Qatari billionaire family is pursuing major infrastructure investments in Africa, including bids linked to a new airport project in Ethiopia and a...

East African refinery project gains momentum as Museveni backs Dangote-led regional plan

Yoweri Museveni has thrown his support behind a proposed East African regional refinery project championed by Aliko Dangote, signaling growing momentum for a multi-billion-dollar...

Egypt and Eritrea launch new shipping route to strengthen Red Sea trade corridor

Egypt and Eritrea have launched a new maritime shipping line aimed at strengthening trade and logistics across the Red Sea as regional governments seek...

Uganda enacts new law aimed at limiting foreign influence

Yoweri Museveni has signed a contentious new law designed to tighten government oversight of foreign-funded organisations and political activity in Uganda, drawing criticism from...

New James Bond Search Officially Begins as 007 Auditions Get Underway

The hunt for the next James Bond has officially begun, ending years of speculation over who will succeed Daniel Craig as cinema’s most iconic...

Johnny Drille unveils new album Before The Morning Light

Johnny Drille has released a new album titled Before The Morning Light, marking another major project from one of Nigeria’s leading alternative and soulful...

Nigeria grants pension funds special waiver to back Dangote Refinery IPO

Nigeria’s National Pension Commission has granted pension fund administrators a special regulatory waiver allowing them to invest in the proposed initial public offering of...

Uganda grants operating licence to Starlink in major broadband expansion push

Uganda has granted an operating licence to Starlink, the satellite internet service owned by Elon Musk’s SpaceX, as the country seeks to expand broadband...

Chinese automakers expand rapidly in South Africa as affordability reshapes car market

Chinese automotive brands are rapidly increasing their presence in South Africa as competitive pricing, advanced technology features, and longer warranties attract cost-conscious consumers facing...

S&P upgrades Nigeria’s outlook as reforms strengthen macroeconomic stability

S&P Global Ratings has upgraded Nigeria’s sovereign credit outlook, citing improvements in the country’s macroeconomic profile following a series of fiscal and monetary reforms....
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