Tag: Business Africa

India Turns to African Fertiliser Suppliers as Hormuz Disruptions Reshape Urea Trade

India has sharply increased its purchases of urea from Egypt, Algeria and Nigeria, importing about 1.1 million tonnes from the three African producers in...

Lenovo Revenue Surges 22% as AI Demand Sends Shares to Record Highs

Lenovo Group reported its strongest quarterly revenue growth in five years, sending its shares sharply higher as booming demand for artificial intelligence infrastructure and...

CBN Widens Access to Open Market Operations as Nigeria Reworks Liquidity Management

The Central Bank of Nigeria (CBN) has widened access to its Open Market Operations (OMO), allowing a broader group of eligible investors to participate...

Nigeria Weighs Crude Supply Reforms to Unlock Dangote Refinery’s Full Potential

Nigeria is considering reforms to its crude allocation and pricing policies to improve feedstock access for the 650,000 barrel per day Dangote Refinery, Africa’s...

Nigeria Approves Framework to Unlock $50 Billion Deepwater Oil Investment

Nigeria has approved a new regulatory and fiscal framework for deepwater oil and gas projects as President Bola Tinubu’s administration seeks to attract up...

Vodacom Names Khumo Shuenyane as New Chair

South African telecommunications group Vodacom has appointed Khumo Lesego Shuenyane as its next chairman, with the leadership transition scheduled to take effect on July...

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