Tag: Business Africa

Namibia Lifts Fuel Supply Restriction on Nasan Energies in Vitol Policy Reversal

Namibia has lifted a restriction preventing Nasan Energies from sourcing fuel from global commodities trader Vitol, reversing a key competition condition imposed earlier this...

Samsung Forecasts 1,800% Surge in Quarterly Profit as AI Chip Demand Accelerates

Samsung Electronics expects its second-quarter operating profit to surge by more than 1,800% from a year earlier, driven by booming global demand for memory...

Elumelu to Step Down as UBA Chairman, Emmanuel Nnorom Named Successor

United Bank for Africa (UBA) has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors on August 21, 2026,...

Australia and Fiji Sign Landmark Security Pact as Pacific Rivalry With China Intensifies

Australia and Fiji have signed a landmark defence alliance and a broader economic and security agreement, deepening strategic ties as Canberra strengthens its presence...

Africa’s Largest Solar Mini-Grid Operator Plans $650 Million Expansion Into Nigeria and DR Congo

WeLight, Africa’s largest solar mini-grid operator, is planning a $650 million expansion aimed at accelerating electricity access across the continent, with Nigeria and the...

Thales Agrees to Acquire Exail Technologies in €3.9 Billion Defence Deal

French aerospace and defence group Thales has agreed to acquire Exail Technologies in a deal valuing the maritime robotics and navigation specialist at €3.9...

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