‘Data is the new oil - African data must stay in Africa’
Ahead of the AI Global Summit in Kigali, Lacina Koné, director general of Smart Africa, talks the future of AI.…
Russian auto giant AvtoVAZ enters Nigeria with spare parts hub, local assembly plant
AvtoVAZ, Russia’s largest automaker, which is majority-owned by the Russian government, is expanding into Nigeria as part of a broader…
Absa joins Middle East-Africa investment push with Dubai expansion
Absa Group Ltd., South Africa’s third-largest bank, plans to open an office in Dubai by early 2026, subject to regulatory…
Airtel Africa releases first quarter results, shows strong fundamentals and execution continue to support operating performance despite challenging macro-economic environment
Airtel Africa plc has released its Quarter one results for the quarter ended 30 June 2024.The results show the following…
TotalEnergies’ Commitment to Local Content: A Key Driver of Economic Growth in Africa
With activities in 43 African countries, French major TotalEnergies is a central player in the continent’s oil and gas industry.…
Tanzania, Mozambique join forces to strengthen trade and investment
Tanzania and Mozambique have joined forces to strengthen collaboration in trade and investment, Tanzanian President Samia Suluhu Hassan has declared.…
The Rising Stars of Global Architecture: Boubker Benjelloun and Benjamin Piper’s Visionary Designs for Humanity
The architects are consistently thinking outside the box, bringing a visionary flair to their projects that allows them to surpass…
Triton Minerals Sells 70% Stake in Graphite Projects for $17M
Triton Minerals has agreed to sell 70% of its graphite assets in Mozambique to a subsidiary of China’s Shandong Yulong…
Afreximbank Invests in Project to Rejuvenate AfriCaribbean Trade and Cultural Ties
African Export-Import Bank (Afreximbank) has signed an agreement to avail a Project Preparation Facility in favour of the of Government…
Dalberg Implement: Integrating Strategy Design with Execution
Developing a robust strategy is a critical step for organizations looking to manage change and create impact at scale; translating…
Afreximbank and World Trade Organization (WTO) harmonize efforts to develop trade in Africa
The African Export-Import Bank has signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the…
FDH Bank Malawi bags US$15-million Afreximbank loan facility
African Export-Import Bank has signed an agreement to provide FDH Bank Plc. Malawi with a US$15-million amortizing term loan facility…
Ghana’s New Ship Repair Dock Project Funding Sealed as Financiers Sign $94 MN Syndicated Loan
A consortium, including the African Development Bank , has signed an agreement to extend $94 million in senior debt funding…
USD 14 million AfDB loan to support industrial devpt, resilience of SMEs
The Board of Directors of the African Development Fund , the concessional window of the African Development Bank Group ,…
Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank
In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) is providing a US$60 million…
Energising investments: Why the US private sector should diversify into African energy
Investing in Africa’s energy sector for increased electricity access presents a win-win scenario with significant government commitment for US private…
Dangote refinery seeks foreign oil against expectations
Inadequate supply from Nigerian fields mean that the country’s flagship refinery is having to import oil to fill the gaps…
Shell signs agreement to acquire Pavilion Energy
Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an…
Africa employers to vote on new hiring, firing code
The new proposals have been endorsed by the ILO, the International Trade Union Confederation, the Global Unions Federations and the…
Afreximbank, Africa CDC pledge US$2 billion facility to support Africa Pharmaceutical industry
African Export-Import Bank and the Africa Centers for Diseases Control and Prevention (Africa CDC) have renewed their partnership with a…
Climate tech startup, Downforce Technologies raises $4.2 million to build soil fertility measurement tools for Africa
Downforce Technologies, a London-headquartered climate tech startup that provides farmers with technology tools to measure soil fertility, has raised $4.2…
Chevron Signs Contracts for Ultra-Deepwater Blocks in Angola Amid Attractive Policies
Multinational energy corporation Chevron has signed two Risk Service Contracts (RSC) for Block 49 and Block 50, located in the…
Fintech startup NALA signs MoU with CRDB Bank for diaspora remittances
Fintech startup NALA has signed a Memorandum of Understanding with CRDB Bank which will enable people in the diaspora use…
Africa Data Centres positions for growth with ZAR2 billion funding arranged by RMB
Africa Data Centres , a business of the Cassava Technologies group, has unlocked funding that will allow them to expand…
Noovo’s Satellite Over-The-Top (OTT) Technology: Bridging the Digital Divide and Empowering Communities in Africa
Noovo , an innovative technology startup, is proud to announce the successful promotion of its groundbreaking Satellite OTT solution at…
USA TikTok Ban Challenge To Be Heard September 16th
A law passed earlier this year calls for the China-based ByteDance to sell the popular social media app by January…
Nigerian tycoon taps Zimbabwe for lithium as Africa pushes local development of mining sector
Nigerian billionaire Benedict Peters to kickstart Zimbabwe lithium production next year, driving Africa’s lithium market gains. Nigerian industrialist Benedict Peters’…
Victoria Nyanzi Set to Launch Mentorship Community for African Girls
The African Sisters Network is a mentorship community dedicated to empowering African girls tell their stories boldly while connecting them…
Angola Drills Down on Investment Incentives, Local Content Support
Angola is leveraging industry-wide reform to not only attract new investments across its oil and gas industry but to unlock…
South Africa’s Standard Bank to fund $5 billion Uganda-Tanzania oil pipeline despite environmental concerns
South Africa’s Standard Bank, the largest African lender by assets, will fund the controversial Uganda-Tanzania oil pipeline, Bloomberg reported on…
MultiChoice reports resilient performance while expanding its platform
MultiChoice Group demonstrated resilient operational performance for the year ended March 2024 (FY24), delivering a 26% trading profit margin in…
Tanzania to host East African petroleum conference, exhibition
Tanzania will host the 11th East African Petroleum Conference and Exhibition in the port city of Dar es Salaam from…
Access Bank acquires ABCT Bank in Tanzania as it deepens East African presence
Access Bank has acquired African Banking Corporation of Tanzania (ABCT) Limited, deepening its roots in East Africa and continuing a…