Tag: Business Africa

IMF Completes Egypt Programme Reviews, Unlocks $1.8 Billion in Fresh Financing

The International Monetary Fund (IMF) has completed the seventh review of Egypt’s Extended Fund Facility (EFF) programme and the second review under its Resilience...

Canal+ Profit Jumps 68% as MultiChoice Turnaround Gains Momentum Across Africa

French media and entertainment company Canal+ reported a 68% increase in adjusted operating profit for the first half of 2026, as early benefits from...

Shell Second Quarter Profit More Than Doubles to $9.8 Billion as Higher Energy Prices Boost Earnings

Shell reported its strongest quarterly earnings since 2022 after higher oil and natural gas prices, robust trading performance and improved refining margins drove a...

Energean, Carlyle Among Bidders for BP’s Egypt Gas Assets as Portfolio Sale Advances

Several energy companies and investment firms, including Energean, Carlyle Group, Dragon Oil and Artemis Energy, are preparing bids for BP’s natural gas assets in...

US Seeks Role in Ethiopian Airlines’ $12.5 Billion Mega Airport Project

The United States is seeking a greater role for American companies in Ethiopian Airlines’ $12.5 billion Bishoftu International Airport project, as Washington intensifies efforts...

Japan Backs Namibia Rare Earth Project With Up to $34 Million Investment to Strengthen Critical Mineral Supply

Japan’s Japan Organization for Metals and Energy Security (JOGMEC) will invest up to 47.7 million Canadian dollars (about $34 million) in a Toyota Tsusho...

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