Tag: Business News
Business Africa
Indian Billionaire and Six Others Enter Bid to Overhaul South Africa’s $25 Billion Power Upgrade
An Indian billionaire, Gautam Adani and six other investor groups have entered the race to help modernize South Africa’s electricity infrastructure under a programme...
Business Africa
Dangote Says He Wants Nigerians to Share in Wealth Created by His Businesses
Africa’s richest man Aliko Dangote has said he wants ordinary Nigerians to benefit directly from the wealth generated by his businesses, stressing that his...
Business Africa
African Development Bank Seeks $25 Billion to Sustain Low-Cost Lending as U.S. Engagement Softens
The African Development Bank is seeking to raise up to $25 billion in fresh capital to maintain its ability to offer low-cost financing to...
Business Africa
Kenya Cabinet Approves Creation of Infrastructure and Sovereign Wealth Funds
Kenya’s cabinet has approved the establishment of two state-backed investment vehicles, an infrastructure fund and a sovereign wealth fund aimed at boosting long-term financing...
Business Africa
Fortuna Mining Targets Mid-Tier Gold Assets as It Works to Restore Production Goals
Fortuna Mining has said it is evaluating mid-tier gold acquisition opportunities as part of efforts to rebuild production levels and return to its output...
Business Africa
Kenya Signs $311 Million Power Transmission Deal with Africa Fund and Indian Firm
Kenya has signed a $311 million agreement to develop new power transmission lines as part of efforts to strengthen electricity supply and support economic...
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In the narrative of Africa’s development, literacy remains a...