Tag: Business News

Business Africa

Ibrahim Mahama Secures US$205 Million Banking Backing to Expand Gold Fields Operations

Ghanaian industrialist Ibrahim Mahama has secured a US$205 million financing package to scale his company’s contract mining operations with Gold Fields Ghana, reinforcing the...

Business Africa

Africa’s Largest Graphite Mine Secures Seven-Year Supply Deal With Canada’s NextSource

Syrah Resources has signed a seven-year graphite supply agreement with NextSource Materials, sourcing material from the Balama graphite mine, Africa’s largest graphite operation, according...

Business Africa

Nigeria’s Net Foreign Reserves Soar 772% to $34.8 Billion, Exceed Entire 2023 Gross Stock

Nigeria’s net foreign exchange reserves surged by 772 percent, reaching $34.8 billion at the end of 2025, far surpassing the country’s entire gross reserves at...

Business Africa

Nedbank’s Annual Profit Edges Higher on Lower Impairment Charges

Nedbank Group reported a 2 percent rise in full-year headline earnings for the year ended December 31, 2025, supported by a decline in impairment...

Business Africa

Egypt’s Net Foreign Assets Hit Record $29.5 Billion in January

Egypt’s net foreign assets rose to a record $29.54 billion in January 2026, underscoring continued improvement in the country’s external position, according to data...

Business Africa

Uganda’s Central Bank to Launch Domestic Gold-Buying Programme This Month

Uganda will begin purchasing gold from domestic producers this month under a new reserves diversification strategy, as highlighted by MarketScreener. The initiative marks the...

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