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Business Africa

AltBank launches non-interest financing initiative to strengthen local drug manufacturing

The Alternative Bank has unveiled a new non-interest financing initiative aimed at supporting local pharmaceutical production in Nigeria as the country intensifies efforts to...

Motsepe says strategic partnerships are strengthening South Africa’s mining industry

Patrice Motsepe says growing partnerships between mining companies, governments, and international investors are helping strengthen South Africa’s mining sector as the industry adapts to...

Macron unveils $27bn Africa investment push as France counters China’s growing influence

Emmanuel Macron has announced a €23 billion ($27 billion) investment initiative for Africa as France intensifies efforts to strengthen economic ties with the continent...

Nassef Sawiris and Wes Edens push to expand football empire into France

Nassef Sawiris and his Aston Villa co-owner Wes Edens are reportedly in advanced negotiations to expand their growing football empire into France through a...

African leaders push for fairer risk pricing and fresh investment at France-Africa summit

African leaders gathered in Nairobi for the Africa Forward summit are calling for a major rethink of how global financial institutions price risk on...

MTN posts 27.9% rise in Q1 core earnings as fintech and data growth lift performance

MTN Group reported a 27.9% increase in first-quarter core earnings, driven by strong growth in mobile data usage, fintech services, and improving performance across...

Nollywood icons Sola Sobowale and Kanayo O. Kanayo honoured with Industry Merit Awards at AMVCA 2026

Sola Sobowale and Kanayo O. Kanayo have received the prestigious Industry Merit Awards at the 12th edition of the Africa Magic Viewers’ Choice Awards,...

Trump and Xi prepare for high-stakes talks spanning Iran, trade, nuclear security and AI 

Donald Trump and Xi Jinping are set for a major summit in Beijing this week, with discussions expected to cover the Iran conflict, nuclear...

AfDB approves $61m financing package for women-led businesses in Nigeria

African Development Bank has approved a $61 million financing package aimed at supporting women-led businesses in Nigeria, as part of broader efforts to expand...

Norway’s sovereign wealth fund explores partnership with Dangote for Africa investments

Norway’s sovereign wealth fund is considering a potential partnership to expand investment exposure across Africa, signalling growing international interest in the continent’s industrial and...

Prosus sells 5% Delivery Hero stake to activist investor in strategic reshuffle

Prosus has sold a 5% stake in Delivery Hero to activist investment firm Sachem Head Capital Management, marking a significant shift in the ownership...

Dangote moves ahead with plans for $17bn Kenya refinery to reshape East Africa’s energy market

Aliko Dangote is advancing plans to build a massive oil refinery in Kenya valued between $15 billion and $17 billion, in a move that...
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