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Business Africa

CXMT Enters Xiaomi Foldable Supply Chain With New LPDDR6 Memory

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) will...

Trump Announces US Control of $65 Billion Barrels of Venezuelan Oil Reserves

President Donald Trump says the United States has reached...

India Moves to Put Red Warning Labels on High Sugar and Salt Foods After Public Backlash

India’s Food Safety and Standards Authority of India (FSSAI)...

Nike Taps Former Foot Locker Executive Kristin Bauer to Lead Converse Operations

Nike has hired former Foot Locker executive Kristin Bauer...

Singapore Deepens Egypt Investment Push as Bilateral Trade Ties Gain Momentum

Singapore is stepping up efforts to deepen investment and...

U.S. Authorises 30‑Day Waiver for Purchase of Russian Oil Stranded at Sea

The United States has issued a temporary 30‑day sanctions waiver allowing other countries to purchase Russian crude oil and petroleum products currently stranded at...

China’s DeepSeek Challenges U.S. Tech Giants as Microsoft Expands AI Push in Africa

Chinese artificial intelligence platform DeepSeek is emerging as a strong competitor to U.S. technology leaders as the race to dominate the artificial intelligence market...

Rwanda Plans Up to $6 Billion Investment in Nuclear Power as Kagame Targets High-Income Economy by 2050

Rwanda is preparing to invest between $5 billion and $6 billion in nuclear power as part of a long-term strategy to secure reliable electricity...

Kenya, Rwanda Central Banks Launch Cross-Border Payment Access for Fintechs

The Central Bank of Kenya and the National Bank of Rwanda have signed a new agreement to enable cross-border payment access for fintech companies...

Zimbabwe Seeks Global Investors to Back $200 Million Satellite Project

The government of Zimbabwe is seeking international investors to help finance a $200 million telecommunications satellite project aimed at strengthening the country’s digital infrastructure...

Mauritania Secures $1 Billion Islamic Trade Finance Deal to Boost Energy Imports and SMEs

The government of Mauritania has secured a $1 billion trade finance agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the...

South Africa Records First Current Account Surplus in Over Two Years in Q4

South Africa recorded its first current account surplus in more than two years in the fourth quarter of 2025, supported by stronger export earnings...

Pricing Strategies That Balance Profitability and Customer Value

Setting the right pricing strategy is critical for business growth. Price is too low, and you risk eroding profit margins. Prices are too high, and...

French Automakers Partner with Dangote to Reboot Nigeria’s Vehicle Production, Targeting 44,000 Units a Year

French automobile manufacturers are returning to Nigeria through strategic partnerships with Dangote Group and other local firms to revive domestic vehicle production and boost...

DRC Launches First-Ever Gold Refinery With 500–600 kg Monthly Output

The Democratic Republic of Congo has inaugurated its first gold refinery, marking a significant milestone in boosting local mineral processing, as reported by Business...
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