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Business Africa

Zambia’s state investment firm targets bigger mining stakes as copper demand rises

Zambia’s state investment company is seeking to expand its ownership stakes in mining assets as the country positions itself to benefit from rising global...

IMF and Ghana reach final review agreement on economic support programme

International Monetary Fund and Ghana have reached a staff-level agreement on the final review of Ghana’s economic support programme, paving the way for the...

Guinness World Records reacts to BBNaija star Queen Mercy Atang’s bread-inspired AMVCA look

Queen Mercy Atang drew major online attention after appearing at the 12th edition of the Africa Magic Viewers’ Choice Awards in a bread-themed outfit...

France and US-backed gas megaprojects drive $5.6bn investment surge into Mozambique

Mozambique has attracted about $5.6 billion in foreign direct investment as major liquefied natural gas projects backed by French and American energy giants accelerate...

Egypt secures $1.5bn financing support as Middle East tensions threaten food security

Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation to strengthen food and energy security as escalating tensions...

Tinubu and Kagame deepen Nigeria-Rwanda partnership on trade and mobility

Bola Ahmed Tinubu and Paul Kagame have moved to strengthen bilateral relations between Nigeria and Rwanda through expanded cooperation on trade, investment, and cross-border...

China confirms Nigeria as its largest engineering contracting market in Africa

China has confirmed that Nigeria remains its largest engineering contracting market in Africa, underscoring the deepening infrastructure and economic ties between both countries. Chinese...

Egypt unveils Tutankhamun artefact and restored ancient tombs in Luxor

Egypt has unveiled a newly exhibited artefact linked to the tomb of Tutankhamun alongside two restored New Kingdom tombs in Luxor as the country...

Morocco plans $2bn budget boost to cushion economy from Middle East tensions

Morocco is preparing to inject an additional $2 billion into its national budget to help soften the economic impact of escalating conflict in the...

LASG awards ₦900m in grants to researchers and startups to drive innovation

Lagos State Government has awarded more than ₦900 million in grants to 155 researchers and startups as part of efforts to strengthen innovation, scientific...

South Africa opens freight rail network to 11 private operators in major reform push

South Africa has granted 11 private companies access to operate trains on its national freight rail network in a landmark reform aimed at improving...

Nigeria seeks associate membership in International Energy Agency

Nigeria has formally requested associate member status in the International Energy Agency as Africa’s largest oil producer looks to deepen international energy cooperation and...
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