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Business Africa

Dangote Group explores new dollar bond sales to finance expansion drive

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

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

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

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...

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

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

Congo Emerges with Africa’s Best Performing Currency After Renewed Optimism

The Democratic Republic of the Congo has recorded one of the strongest currency rallies on the continent, with the Congolese franc rising by as...

South Africa explores support measures for ferrochrome producers, Eskom says

South Africa is examining new mechanisms to support ferrochrome companies as they grapple with high electricity costs that have eroded competitiveness in a sector...

Morocco to Open Two New Deepwater Ports by 2026 and 2028, Minister Says

Morocco is preparing to commission two major deepwater ports as part of a wider national strategy to expand maritime infrastructure and strengthen its position...

Angola’s Wealth Fund and Gemcorp to Launch New Africa Infrastructure Fund

Angola’s sovereign wealth fund (FSDEA) is partnering with UK-based investment firm Gemcorp to launch a new infrastructure fund focused on financing large-scale projects across...

Renaissance Energy Launches Flare Reduction Project, Boosts Gas Production

Renaissance Energy has inaugurated a major flare reduction initiative at its Nigerian operations, aiming to cut gas flaring while simultaneously increasing natural gas output....
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