Countries

Business Africa

Heidelberg Materials eyes takeover of South Africa’s 134-year-old cement giant PPC

Germany’s Heidelberg Materials is exploring a potential acquisition of...

Business Africa

Saudi ADES expands Africa footprint with $92.7m offshore contract from Seplat

Saudi-based ADES Holding Company has secured a $92.7 million...

Business Africa

Green Sky Capital secures $500m backing for Egypt SAF plant in aviation fuel push

Qatar-based Green Sky Capital has secured funding for a...

Business Africa

Mozambique eyes mining boom with 15% stake push and export ban strategy

Mozambique is positioning itself to capture greater value from...

Business Africa

Trafigura among bidders for Natref stake as South Africa refinery sale attracts interest

Trafigura is among three bidders competing for a minority...

Business Africa

Aliko Dangote Unveils Expansion Into Steel, Power and Ports

Aliko Dangote, Africa’s richest man and president of the Dangote Group, has announced plans to expand the group’s operations into steel production, electricity generation...

Business Africa

UK Government-Owned BII Moves to Take Controlling Stake in Zambia’s Zambeef

British International Investment is seeking a controlling interest in Zambeef Products Plc by converting its existing preference shares into ordinary shares, according to Reuters.The...

Business Africa

Mosiuoa Lekota, Veteran ANC Breakaway Leader, Dies at 77

Mosiuoa Lekota, the anti-apartheid activist who later led a historic split from the African National Congress (ANC) to co-found the Congress of the People...

Business Africa

Kenya Floats Tender for New Airport to Relieve JKIA Capacity Pressure

Kenya has issued a tender for the construction of a new airport facility adjacent to Jomo Kenyatta International Airport (JKIA) as part of efforts...

Business Africa

Chery to Launch iCAUR Electric Vehicle Brand in South Africa in May

Chery Automobile will launch its new electric vehicle sub-brand iCAUR in South Africa in May 2026, marking the company’s latest expansion into the African...

Luxury & Lifestyle

Island Luxury — Anantara Bazaruto Island Resort, Mozambique

Nestled in the pristine waters of the Bazaruto Archipelago, Mozambique, Anantara Bazaruto Island Resort offers an exclusive escape defined by natural beauty and refined...

Business Africa

Ibrahim Mahama Secures US$205 Million Banking Backing to Expand Gold Fields Operations

Ghanaian industrialist Ibrahim Mahama has secured a US$205 million financing package to scale his company’s contract mining operations with Gold Fields Ghana, reinforcing the...

Business Africa

Nigeria’s Net Foreign Reserves Soar 772% to $34.8 Billion, Exceed Entire 2023 Gross Stock

Nigeria’s net foreign exchange reserves surged by 772 percent, reaching $34.8 billion at the end of 2025, far surpassing the country’s entire gross reserves at...

Business Africa

Egypt’s Net Foreign Assets Hit Record $29.5 Billion in January

Egypt’s net foreign assets rose to a record $29.54 billion in January 2026, underscoring continued improvement in the country’s external position, according to data...

Business Africa

Uganda’s Central Bank to Launch Domestic Gold-Buying Programme This Month

Uganda will begin purchasing gold from domestic producers this month under a new reserves diversification strategy, as highlighted by MarketScreener. The initiative marks the...

Business Africa

Rio Tinto Approves Restart of $473 Million Mineral Sands Project in South Africa

Rio Tinto has approved the restart of the $473 million Zulti South mineral sands project in South Africa, bringing an end to a six-year...

Business Africa

Nigeria Divides OPL 245 Into Four Blocks Under New Deal With Eni and Shell

Nigeria has agreed to split the long-contested OPL 245 oilfield into four separate blocks under a new arrangement involving Eni and Shell, Reuters reported....

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