Tag: Business Africa

Egypt slashes oil sector debt from $6.1 billion to $440 million to attract fresh energy investment

Egypt has reduced outstanding payments owed to foreign oil and gas companies from $6.1 billion in mid-2024 to just $440 million, as Cairo moves...

DR Congo moves to capture bigger share of global critical minerals wealth amid energy transition boom

Democratic Republic of the Congo, Africa’s largest producer of cobalt and one of the world’s most important sources of critical minerals, is taking steps...

Finland’s economy grows at fastest pace in nearly five years amid recovery momentum

Finland’s economy expanded at its fastest pace in almost five years during the first quarter of 2026, signaling a stronger-than-expected recovery after a prolonged...

Nigeria’s telecom boom drives airtime spending beyond $5.6 billion as data demand surges

Nigeria’s rapidly expanding telecommunications sector has pushed consumer airtime spending beyond $5.6 billion as rising smartphone adoption, digital services, and internet consumption continue fueling...

Dangote Refinery emerges as world’s largest jet fuel exporter amid global supply disruptions

Dangote Petroleum Refinery has become the world’s largest exporter of jet fuel, a major milestone that is reshaping global aviation fuel supply chains and...

Ethiopia unveils ambitious electric mobility roadmap to transform transport sector

Ethiopia has launched a national electric mobility roadmap aimed at transforming its transport sector, cutting emissions, and building a domestic clean-technology industry over the...

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