Tag: Business News
Business Africa
Prosus sells 5% Delivery Hero stake to activist investor in strategic reshuffle
Prosus has sold a 5% stake in Delivery Hero to activist investment firm Sachem Head Capital Management, marking a significant shift in the ownership...
Business Africa
Dangote moves ahead with plans for $17bn Kenya refinery to reshape East Africa’s energy market
Aliko Dangote is advancing plans to build a massive oil refinery in Kenya valued between $15 billion and $17 billion, in a move that...
Africa
Vodacom posts 22.9% profit jump as African operations drive growth
Vodacom reported a 22.9% rise in full-year profit, supported by strong performance across its African markets and continued growth in digital financial services. The...
Business Africa
FIFA to hold separate World Cup opening ceremonies across Mexico, Canada and US
FIFA will stage separate opening ceremonies in Mexico, Canada, and the United States during the 2026 FIFA World Cup, marking the first time the...
Business Africa
Huayou Cobalt moves on $210m takeover of Africa-focused lithium miner
Huayou Cobalt is set to acquire an Africa-focused lithium mining company in a deal valued at about $210 million, reinforcing China’s aggressive push to...
Business Africa
Cevital launches $600m sugar beet project as Algeria pushes food security drive
Issad Rebrab’s conglomerate Cevital has launched a $600 million sugar beet project aimed at boosting domestic sugar production and reducing Algeria’s dependence on imports....
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Africa
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In the narrative of Africa’s development, literacy remains a...