Tag: Business Africa

French Billionaire Xavier Niel Becomes Vodafone’s Largest Shareholder in $6 Billion Deal

French telecoms billionaire Xavier Niel has become the largest shareholder in Vodafone Group after agreeing to acquire a 16.2% stake from Emirates Telecommunications Group...

China’s Vehicle Exports Surpass One Million in a Month for the First Time as NEVs Lead Growth

China’s automobile exports exceeded one million vehicles in a single month for the first time, marking a major milestone for the world’s largest auto...

ECOWAS Bank Plans to Double Assets to $4.4 Billion to Bridge West Africa’s Infrastructure Gap

The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to approximately $4.4 billion over the next five years as...

MTN and Telecel Set for 5G Licence Battle in Ghana After End of Ambani-Backed Deal

MTN Group and Telecel Group are preparing to compete for 5G licences in Ghana after the government moved to end the exclusive rights previously...

Naguib Sawiris Invests Additional $10 Million to Transform Giza Plateau Into Year-Round Tourism Hub

Egyptian billionaire Naguib Sawiris is investing an additional 500 million Egyptian pounds ($10 million) to accelerate the transformation of the Giza Plateau into a...

ExxonMobil Commits $1 Billion to Nigeria’s Usan Oilfield Development

ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, marking the company’s return to drilling operations in the...

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