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Business Africa

Amazon advances $9bn Globalstar acquisition talks to strengthen satellite strategy

Amazon is closing in on a potential acquisition of satellite communications firm Globalstar, in a deal that could significantly expand its presence in the...

Africa becomes testing ground for Russia’s parallel financial system amid tightening US sanctions

Africa is increasingly emerging as a strategic testing ground for Russia’s efforts to build a parallel financial network, as mounting U.S. sanctions push Moscow...

Cameroon’s cocoa magnate Kate Fotso pivots into beverages with $28m brewery bet

Kate Fotso, widely regarded as Cameroon’s richest woman, is making a bold strategic shift from her long-dominant cocoa business into the beverage industry with...

Nigeria faces $3.3bn opportunity cost as Morocco pipeline gains momentum

Nigeria is projected to forgo an estimated $3.3 billion in potential oil and gas revenue as it advances the $25 billion Nigeria–Morocco gas pipeline...

Rwanda opens borders to all Africans as visa-free policy gains continental momentum

Rwanda has reaffirmed its visa-free entry policy for all African nationals, allowing citizens of all 55 African Union member states to enter the country...
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