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Business Africa

Dangote prepares $10bn cement empire for potential London market debut

Aliko Dangote is positioning his cement business for a possible listing on the London market, a move that could place one of Africa’s largest...

Kenyan exporters gain momentum as China approves new zero-tariff shipments

Kenya has received a fresh trade boost after China cleared additional Kenyan exports under its new zero-tariff access policy, expanding opportunities for East Africa’s...

Zimbabwe pays $146m to foreign farmers as land reform compensation gains momentum

Zimbabwe has begun compensating foreign farmers with payments totalling $146 million while returning 67 previously seized farms, marking a major step in efforts to...

Dangote Group explores new dollar bond sales to finance expansion drive

Aliko Dangote’s conglomerate is considering additional U.S. dollar bond issuances as it seeks fresh capital to support expansion projects across energy, manufacturing, and infrastructure....

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

Shell reported a 19% rise in quarterly net profit as higher oil and gas prices, driven by escalating geopolitical tensions in the Middle East,...

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 nations after recording its first commercial crude output of 20,000 barrels per day, marking a...

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

Naguib Sawiris and Tarak Ben Ammar have sold Prima TV’s digital terrestrial television multiplex in Italy to Syes for about €2.5 million, marking their...

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

Safaricom reported a 59% jump in annual pretax earnings, driven by strong growth in its mobile money business and expanding digital services. The performance,...

Egypt posts 5% preliminary GDP growth in strong start to 2026

Egypt recorded preliminary economic growth of 5% in the first quarter of 2026, signalling continued resilience despite global economic uncertainty and regional trade disruptions....

Stellantis launches Middle East and Africa’s first vehicle dismantling hub in Morocco

Stellantis has opened the first vehicle dismantling and recycling centre in the Middle East and Africa region in Morocco, marking a major step in...

Heidelberg Materials eyes takeover of South Africa’s 134-year-old cement giant PPC

Germany’s Heidelberg Materials is exploring a potential acquisition of PPC Ltd, a 134-year-old cement producer, as it seeks to expand its footprint across Africa’s...

Saudi ADES expands Africa footprint with $92.7m offshore contract from Seplat

Saudi-based ADES Holding Company has secured a $92.7 million offshore drilling contract from Seplat Energy, marking a further expansion of its presence in Nigeria’s...
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