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Business Africa

Novo Nordisk Owner Launches European Obesity Drug Incubators to Accelerate Medical Innovation

Novo Nordisk Foundation, the controlling shareholder of Danish pharmaceutical...

South African Investor Roelof Botha Joins SpaceX Board in Strategic Reunion With Elon Musk

South African-born venture capitalist Roelof Botha has joined the...

IMF Approves $211 Million Climate Funding Package for Sierra Leone

The International Monetary Fund (IMF) has approved a new...

China recruits top AI talent from the U.S. as race for next-generation ‘super-apps’ intensifies

China is intensifying efforts to attract and retain elite artificial intelligence talent from the United States and other global technology hubs as competition accelerates...

Serena Williams confirms stunning return to tennis at Queen’s Club

Tennis legend Serena Williams is set to make a sensational return to competitive tennis at the Queen’s Club Championships in London, marking her first...

New Zealand bond auction draws record demand after government trims debt issuance

New Zealand’s government bond market has attracted record investor demand after the government announced plans to reduce future debt issuance, signaling growing confidence in...

Netflix turns to AI to help viewers cut through content overload

Netflix is expanding its use of artificial intelligence to help subscribers navigate an ever-growing library of movies, series, documentaries, and games, as the streaming...

AFC secures $2 billion funding backed by Asian banks to power Africa’s infrastructure drive

The Africa Finance Corporation (AFC) has raised $2 billion in fresh financing, with strong participation from lenders across Asia, the Middle East, Europe, and...

Ghana targets investment-grade status by 2029 after historic debt default

Ghana is aiming to regain an investment-grade sovereign credit rating by 2029, just a few years after suffering one of Africa’s most significant debt...

Ethiopia unveils plan for 80% local participation to reduce reliance on foreign contractors

Ethiopia has unveiled an ambitious strategy to increase local participation in international construction and infrastructure projects to 80% over the next decade, as the...

Nigeria to launch 2026 oil licensing round in third quarter as investment momentum builds

Nigeria will launch its 2026 oil and gas licensing round by the third quarter of the year after securing ministerial approval, as Africa’s largest...

Davido Set to Headline FIFA World Cup 2026 Countdown Concert in Los Angeles

Nigerian Afrobeats superstar Davido has been announced as one of the headline performers for FIFA’s World Cup 2026 Countdown Concert in Los Angeles, further...

Zara owner Inditex defies retail slowdown as sales growth accelerates

Spanish fashion giant Inditex, owner of the iconic Zara brand, has demonstrated remarkable resilience amid global economic uncertainty, reporting stronger-than-expected sales growth as consumers...

Dubai’s Apparel Group explores IPO for India business amid retail expansion push

Dubai-based Apparel Group is exploring an initial public offering for its fast-growing India business as the retail giant seeks to capitalize on rising consumer...

Canal+ gains on Johannesburg debut as French media giant expands African footprint

French media and entertainment group Canal+ rose in its debut trading session on the Johannesburg Stock Exchange, marking a historic milestone as the first...
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