KCB’s Russo Ready to Enter Ethiopia Despite Limit on Foreign Ownership
KCB Group CEO Paul Russo says the bank is still interested in expanding into Ethiopia even though the country has set a 49 percent cap...
Category : BUSINESS
South Sudan Crude Oil Reaches Port Sudan Ready for Export Say Officials
South Sudanese officials have confirmed that a new shipment of the country’s crude oil has successfully arrived at Port Sudan signaling a key step forward...
Equitane Expands Industrial Investments Across Africa in Strategic Growth Push
Equitane, a leading pan-African investment group, has announced a significant expansion of its industrial portfolio, signaling a renewed commitment to driving large-scale manufacturing and infrastructure...
Zimbabwe’s Mining Industry Sees Significant Progress in 2025
Zimbabwe’s mining sector is experiencing a robust recovery in 2025, with projections indicating a 5.6% growth, driven by improved global commodity prices and increased investment....
Oil Prices Fall Sharply – Africa Feels the Pressure as Global Market Faces Biggest Monthly Drop in Three Years
Global oil prices are falling fast, heading for their biggest monthly drop since 2020, and many African economies are already feeling the effects. Brent crude...
Vodafone Business and Maroc Telecom Join Forces to Expand Digital Services in Morocco
In a significant move to strengthen Morocco’s digital ecosystem, Vodafone Business and Maroc Telecom have announced a strategic partnership aimed at expanding digital services across...
PPS Records Standout Financial Year with R5.3bn Profit-Share Allocated to Members
Professional Provident Society (PPS) has marked a remarkable financial year, achieving an unprecedented R5.3 billion in profit-share, which has been allocated to its members. This...
Southwest Airlines Withdraws Financial Forecast Amid Declining Leisure Travel Demand
Southwest Airlines has retracted its financial projections for 2025 and 2026, citing a significant downturn in leisure travel demand and broader macroeconomic uncertainties. The airline...
Teck Resources Reports Record Copper Production and Strong Q4 Profit Amid Rising Metal Prices
Teck Resources Ltd. (NYSE: TECK) has announced a robust financial performance for the fourth quarter of 2024, driven by record copper production and favorable market...
Gold Hits Record High as Weaker Dollar and Ongoing Trade War Worries Fuel Demand
Gold prices surged to an all time high on Monday as investors sought refuge from increasing economic uncertainty fueled by a weaker dollar and persistent...
Mauritius Freeport Operators Association Advocates for Regulatory Reforms to Boost Investment
The Mauritius Freeport Operators Association (MFOA) has urged the government to ease stringent regulations governing freeport activities to attract more foreign and domestic investors. The...
PwC Withdraws from Nine African Countries Amid Global Audit Scandals and Strategic Restructuring
PricewaterhouseCoopers (PwC), one of the world’s leading accounting firms, has announced its withdrawal from nine African countries as part of a strategic overhaul aimed at...
Gold Shoots Past $3,200 Amidst Dollar Slide
In a remarkable turn of events, gold prices surged to an all-time high of $3,210 per ounce on Friday, April 11, 2025, as the U.S....
Egypt and France Sign $7.7 Billion Deal to Develop Green Hydrogen Plant
In a significant step towards advancing renewable energy initiatives, Egypt and France have signed a landmark agreement worth €7 billion ($7.68 billion) to jointly develop,...
Nafcoc Calls for Urgent Economic Transformation to Empower Black-Owned Businesses
In a powerful call to action, the National African Federated Chamber of Commerce and Industry (Nafcoc) has urged the government and private sector to...
MSMEs: The Backbone of Kenya’s Economic Growth
Micro, Small, and Medium Enterprises (MSMEs) have long been the unsung heroes of Kenya’s economy, contributing significantly to employment, innovation, and economic growth. Despite facing...
ONGC Videsh Approves Rs 1,500 Crore Investment for Mozambique Joint Venture, Anticipates Progress in LNG Projects
ONGC Videsh, the overseas arm of India’s state-owned oil and gas major ONGC, has cleared an investment of Rs 1,500 crore in its Mozambique joint...
Korean Air Strengthens Fleet with $25 Billion Boeing Deal for 777X and 787-10
In a landmark agreement, Korean Air has solidified a massive $25 billion deal with Boeing, securing the purchase of new-generation 777X and 787-10 aircraft. This...
China’s CCECC to Invest $1.4 Billion in Africa’s Tazara Railway Line for 30-Year Concession
In a strategic move to strengthen economic ties between China and Africa, the China Civil Engineering Construction Corporation (CCECC) has announced a groundbreaking investment of...
How AI is Breaking Language Barriers in Africa: A Revolution in Communication and Commerce
In recent years, the rise of Artificial Intelligence (AI) has become a transformative force in various sectors across Africa, but one of its most significant...