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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...

British Miner Uncovers Graphite Deposit in Uganda Amid US–China EV Battery Minerals Race

Blencowe Resources, a British mining firm, has discovered a significant graphite deposit at its Orom‑Cross project in Uganda, highlighting the country’s growing role in...

Dangote Fertilizer Sees Surge in Orders Amid Iran Conflict Disruptions

Dangote Fertilizer Ltd, one of Africa’s largest producers of urea and ammonia, is experiencing a sharp rise in orders as the ongoing conflict involving...

Mercedes Considers Sharing South Africa Factory With China’s GWM

Mercedes-Benz Group is exploring the possibility of sharing its vehicle manufacturing plant in East London, South Africa, with Chinese automaker Great Wall Motor (GWM),...

Kenya to Channel Pipeline IPO Proceeds Into Expansion of Main Airport

The government of Kenya plans to allocate part of the proceeds from the initial public offering of Kenya Pipeline Company to support the expansion...

Absa Posts 12% Rise in Annual Earnings on Improved Credit Performance

Absa Group, one of the largest banking groups in South Africa, reported a 12 percent increase in full-year headline earnings, supported by lower credit...

EU to Sign Defence Partnerships with Australia, Iceland and Ghana

The European Union is preparing to sign new defence cooperation partnerships with Australia, Iceland, and Ghana as part of efforts to expand its global...

Congo State Gold Trader Targets 15 Tons of Artisanal Bullion in 2026

The state-owned gold trading company in the Democratic Republic of Congo is targeting the purchase and sale of 15 metric tons of artisanal gold...
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