Business Africa

Aliko Dangote’s conglomerate is considering additional U.S. dollar bond...

Business Africa

Shell quarterly profit jumps 19% as oil price surge lifts earnings

Shell reported a 19% rise in quarterly net profit...

Business Africa

Kenya joins Africa’s oil producers with first output milestone of 20,000 bpd

Kenya has officially entered the ranks of Africa’s oil-producing...

Business Africa

Naguib Sawiris and Ben Ammar sell Prima TV multiplex in Italy for €2.5m

Naguib Sawiris and Tarak Ben Ammar have sold Prima...

Business Africa

Safaricom posts 59% surge in annual pretax profit on strong fintech growth

Safaricom reported a 59% jump in annual pretax earnings,...

Business Africa

Indian Billionaire and Six Others Enter Bid to Overhaul South Africa’s $25 Billion Power Upgrade

An Indian billionaire, Gautam Adani and six other investor groups have entered the race to help modernize South Africa’s electricity infrastructure under a programme...

Business Africa

Dangote Says He Wants Nigerians to Share in Wealth Created by His Businesses

Africa’s richest man Aliko Dangote has said he wants ordinary Nigerians to benefit directly from the wealth generated by his businesses, stressing that his...

Business Africa

African Development Bank Seeks $25 Billion to Sustain Low-Cost Lending as U.S. Engagement Softens

The African Development Bank is seeking to raise up to $25 billion in fresh capital to maintain its ability to offer low-cost financing to...

Business Africa

Kenya Cabinet Approves Creation of Infrastructure and Sovereign Wealth Funds

Kenya’s cabinet has approved the establishment of two state-backed investment vehicles, an infrastructure fund and a sovereign wealth fund aimed at boosting long-term financing...

Business Africa

Fortuna Mining Targets Mid-Tier Gold Assets as It Works to Restore Production Goals

Fortuna Mining has said it is evaluating mid-tier gold acquisition opportunities as part of efforts to rebuild production levels and return to its output...

Business Africa

Kenya Signs $311 Million Power Transmission Deal with Africa Fund and Indian Firm

Kenya has signed a $311 million agreement to develop new power transmission lines as part of efforts to strengthen electricity supply and support economic...

Business Africa

South Africa Increases Coal Exports to Israel Following Colombia Ban

South Africa has stepped up coal exports to Israel after Colombia halted shipments to the country, positioning itself as a key alternative supplier amid...

Business Africa