Tag: Business Africa

Dangote Refinery fuels Nigeria’s first credit rating upgrade in 14 years

Aliko Dangote’s $20 billion Dangote Refinery has emerged as a major factor behind Nigeria’s first sovereign credit rating upgrade in 14 years, highlighting the...

Nigeria prepares biggest telecom overhaul in two decades amid digital economy pressures

Nigeria is preparing its most far-reaching telecommunications reform in more than 20 years as authorities respond to worsening network outages, rising internet demand, infrastructure...

Guinea secures $1 billion Chalco refinery deal in major industrialisation push

Guinea has received a major boost to its industrialisation ambitions after Aluminum Corporation of China (Chalco) agreed to invest $1 billion in a new...

Richemont overtakes Walmart in North America jewellery market despite far smaller store network

Luxury group Compagnie Financière Richemont, backed by South African billionaire Johann Rupert, has overtaken Walmart in North America’s jewellery market despite operating only about...

Egypt’s largest property developer expands into Saudi tourism and entertainment sector

Talaat Moustafa Group, Egypt’s biggest property developer, is expanding into Saudi Arabia as it seeks to capitalise on the kingdom’s fast-growing tourism and entertainment...

Uganda’s export earnings jump 45% as gold shipments surge

Uganda recorded a 45% rise in export earnings in March, driven largely by a sharp increase in gold shipments that strengthened the country’s foreign...

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