Tag: Business Africa

Trustar Nears $1.3 Billion Acquisition of Alibaba’s Gaming Business

Private equity firm Trustar Capital is nearing an agreement to acquire Lingxi Games, Alibaba Group’s video game business, in a transaction that could value...

Russia Unveils New Rare Earth Mineral as Global Race for Critical Resources Intensifies

Russian scientists have identified a previously unknown rare earth rich mineral on the Kola Peninsula, adding to Moscow’s efforts to develop domestic supplies of...

Dangote Refinery Targets October IPO as Nigeria Seeks Wider Public Ownership

Nigeria’s Dangote Petroleum Refinery plans to launch a retail focused initial public offering in October, potentially creating Africa’s largest IPO as the 650,000 barrel...

Madagascar Imports Emergency Diesel Cargo as Energy Crisis Deepens

Madagascar has imported a 63,000 tonne diesel shipment to ease fuel shortages and energy supply disruptions linked to the war in Iran, as the...

China Approves ₦40 Billion Grant to Accelerate Nigeria’s Development Projects

China has approved a RMB200 million grant, worth about ₦40.3 billion, to support Nigeria’s economic development and the implementation of projects jointly agreed by...

Tinubu Targets Profitable Refinery Revival Through Nigeria’s Structural Reset

President Bola Ahmed Tinubu has pledged to revive Nigeria’s government owned refineries through a comprehensive structural and economic overhaul, signalling a renewed push to...

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