Tag: Business News
Business Africa
Kenya Launches IPO of State Oil Pipeline Firm, Targeting $825 Million
Kenya has launched the initial public offering of its state-owned Kenya Pipeline Company, seeking to raise about 106.3 billion shillings, or roughly $825 million,...
Business Africa
Dangote Signs $350 Million Deal With Indian Firm EIL to Expand Lagos Refinery
Nigeria’s Dangote Group has inked a $350 million contract with India’s state-owned Engineers India Ltd (EIL) to drive the next phase of expansion at the...
Business Africa
Saudi Arabia Launches Gold Market in Africa, Challenging Dubai’s Longstanding Dominance
Saudi Arabia has established a new gold trading market in Africa, signaling its ambition to become a major hub for the continent’s bullion trade...
Business Africa
Nigeria Emerges as Top Belt and Road Beneficiary With China-Backed $24.6 Billion GRIP Megaproject
Nigeria has emerged as the largest beneficiary of China’s Belt and Road Initiative in 2025, driven by a $24.6 billion construction commitment tied to...
Business Africa
Ethiopia Moves to Take Full Control of Its Currency, Aiming for Long Term Stability
Ethiopia is moving to localise the production of its national currency, the Ethiopian birr, as part of a broader effort to strengthen monetary sovereignty...
Business Africa
Egyptian Food Retailer Gourmet Plans IPO to Float 47.6% Stake
Egyptian premium food retailer Gourmet Egypt is preparing to float 47.6 percent of its issued shares in an initial public offering on the Egyptian...
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