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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,...

Nigeria Tops Africa’s Oil Exports to U.S., Sends $2.57 Billion in Crude Over Eight Months

Nigeria has emerged as Africa’s leading oil supplier to the United States, exporting crude worth $2.57 billion over the first eight months of 2025,...

South African Bank First in Africa to Join China’s Cross-Border Payment System

South Africa’s Standard Bank has become the first African bank to integrate with China’s cross-border payment system, the Cross-Border Interbank Payment System (CIPS), according...

Canada Invests $30 Million in Ghana’s TVET Reforms to Boost Youth Employability

Ghana is set to benefit from a $30 million investment from the Canadian government aimed at reforming technical and vocational education and training (TVET)...

Niger Flexes Autonomy with New Nuclear Energy Initiative

Niger has announced plans to develop its first nuclear energy program, signaling a strategic move to diversify its power sources and assert greater energy...

Africa’s Largest Refinery Locks in 1.5 billion-Litre Monthly Petrol Supply as Dangote Targets End to Imports

Nigeria’s Dangote Refinery has secured a monthly petrol supply of 1.5 billion litres as it ramps up operations to reduce the country’s reliance on...

African Energy Bank to Begin Operations as Nigeria Completes $5 Billion Headquarters

Nigeria’s new African Energy Bank (AEB) is set to commence operations following the completion of its $5 billion headquarters in Abuja, the government announced...

Tullow Oil Appoints New Chair Amid Board Overhaul and Refinancing Efforts

Tullow Oil plc has appointed Roald Goethe as its new independent non-executive Chair, effective December 1, 2025, replacing Phuthuma Nhleko. The appointment forms part...
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