Tag: Business Africa

Leapmotor Chases 1 Million 2026 Deliveries as New Models and Overseas Expansion Accelerate

Chinese electric vehicle maker Leapmotor is maintaining its ambitious target of 1 million vehicle deliveries in 2026, betting on new model launches and rapidly...

Tunisia’s Cash Economy Hits Record $10.5 Billion as Cheque Crackdown Reshapes Payments

Tunisia’s cash holdings have climbed to a record 30.04 billion dinars ($10.5 billion), up about 16% from a year earlier, as households and businesses...

Dangote Refinery Reshapes Nigeria’s Fuel Trade as Exports Surge Sevenfold

Nigeria’s petroleum trade is undergoing a major transformation as seaborne refined petroleum product exports have risen sevenfold since 2023, driven largely by increased output...

Otedola Nears 30% First HoldCo Stake With Fresh $9 Million Share Acquisition

Nigerian billionaire Femi Otedola has moved closer to a 30% ownership stake in First HoldCo, parent company of FirstBank, after acquiring another 95.7 million...

Porsche Turns to TCS in $1.46 Billion AI Partnership to Accelerate Digital Transformation

Porsche is deepening its push into artificial intelligence through a five year partnership with India’s Tata Consultancy Services (TCS) valued at €1.25 billion ($1.46...

MTN Unleashes $375 Million Buyback as Strong Half Year Profit Strengthens Investor Returns

MTN Group has approved a R6 billion ($375 million) share buyback programme after delivering a strong first half performance, with adjusted headline earnings per...

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