Tag: Business News

Mozambique eyes mining boom with 15% stake push and export ban strategy

Mozambique is positioning itself to capture greater value from its mineral resources by introducing a 15% mandatory state stake in major mining projects and...

Samsung crosses $1 trillion valuation as AI boom fuels historic stock rally

Samsung Electronics has surpassed a $1 trillion market valuation for the first time, driven by a powerful rally in semiconductor stocks linked to surging...

Trafigura among bidders for Natref stake as South Africa refinery sale attracts interest

Trafigura is among three bidders competing for a minority stake in South Africa’s Natref oil refinery, as the sale process for the asset gathers...

Nigeria’s NNPC remits $2.1bn in Q1 as reforms boost earnings, output still trails targets

Nigeria’s state oil firm, NNPC Limited, has remitted $2.1 billion to the national treasury in the first quarter of 2026, reflecting stronger revenue flows...

Starwood’s Sternlicht expands global data centre footprint amid AI surge

Barry Sternlicht, CEO of Starwood Capital Group, is accelerating a global push into data centres as demand for artificial intelligence infrastructure drives a new...

Taiwan asserts right to global engagement after Africa visit 

Lai Ching-te has reaffirmed Taiwan’s right to conduct official visits with its diplomatic partners following a high-profile trip to Eswatini, the island’s only remaining...

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