Browsing: Business

AngloGold Ashanti, a prominent South African gold mining company, is set to acquire Centamin, a British gold miner, in a…

Vandalism to rail infrastructure is incurring a staggering cost of nearly R5 billion annually, highlighting a significant challenge for the…

Rwanda is embarking on an ambitious plan to secure over $1.68 billion in investments to advance its agricultural and livestock…

African central banks are increasingly investing in gold as a safeguard against economic and geopolitical uncertainties. This shift aims to…

Trade between China and Africa expanded by 2.7% to $192.44 billion from January to August 2024, according to China’s General…

During a recent bail hearing, the prosecution asserted that extortionists have effectively placed the entire country under their control. This…

A Kenyan court has halted the proposed 30-year lease of Jomo Kenyatta International Airport (JKIA) to India’s Adani Group. This…

NamPower, the leading electricity provider in Namibia, is set to embark on a groundbreaking project in partnership with two Chinese…

On Tuesday, CAPMAS disclosed that Egypt’s annual urban consumer price inflation rate unexpectedly accelerated to 26.2 percent in August, surpassing…

The Ethiopian government is dedicated to providing Kenyans with further chances to invest in Ethiopia, according to Ethiopia’s ambassador to…

Two significant Chinese businesses, specializing in satellite technology and ICT equipment manufacturing, have indicated interest in investing in Tanzania. This…

UTM Offshore Ltd. has received official approval to proceed with Nigeria’s first floating liquefied natural gas (LNG) facility, marking a…

A direct currency exchange deal has been established between Ethiopia and China in an effort to increase investment and trade…

The creative sector is receiving heightened attention from both the United States and Africa, according to Lisa Walker, Managing Director…

The Global African Hydrogen Summit officially kicked off in Windhoek on September 4, 2024, with over 1,000 delegates and exhibitors…

Ghana has unveiled a significant restructuring proposal for approximately $13 billion of its international bonds, offering bondholders the opportunity to…

Tanzania is aiming to leverage the Asian Fruit Logistica trade show in Hong Kong as part of its ongoing endeavors…

According to Sudanese government, Sudan inked agreements with Chinese enterprises on Wednesday for nuclear power, port, and airport projects. The…

The Democratic Republic of Congo (DRC) has terminated its ambitious $1.2 billion biometric national ID project due to serious allegations…

President Kilr meets in Beijing with President Dai Houliang of the CNPCTo increase the dwindling oil production, President Salva Kar…

On Thursday, Chinese President Xi Jinping announced a historic financial aid package exceeding $50 billion for Africa over the next…

For the first time since May, Kenya’s private sector activity increased last month as a result of the recent anti-government…

In order to continue responding to the growing humanitarian needs and displacement in Sudan, the International Organization for Migration (IOM)…

September will bring respite to Tanzanian drivers as fuel prices declined sharply, following the pattern of the already volatile worldwide…

A memorandum of understanding (MoU) on the revival project of the Tanzania-Zambia Railway Authority (TAZARA) railway was signed on Wednesday,…

The family of the late Agnes Wanjiru, a 21-year-old who was allegedly sexually assaulted and killed in 2012 by an…

Kenya is become a fully paid member of the Asian Infrastructure Investment Bank (AIIB). According to President William Ruto, the…

The United Nations has intervened in Libya’s central bank crisis by bringing together the country’s rival factions for crucial talks…

According to South Sudan’s Ministry of Transport, $25.3 million is needed to finish taking over the air traffic control system.South…

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, arrives in Ethiopia for the first time since the epidemic…

A significant deal to improve the Tanzania-Zambia Railway (Tazara) is about to be signed by Chinese President Xi Jinping, Presidents…

South Africa’s state-owned logistics firm reported a significant increase in its losses for the fiscal year ending in March 2024,…

China extended a warm welcome to African leaders on Monday, hoping to strengthen its relationship with the resource-rich continent it…

TotalEnergies has disclosed the sale of two of its oil fields in Nigeria, which is Africa’s foremost oil exporter. The…

The Okavango Diamond Company (ODC) is pursuing a $300 million credit facility from local banks to enhance its diamond purchases,…

On Saturday morning, explosions in Mogadishu’s Garasbaley area were set off by suspected al-Shabab terrorists. This caused a fire to…

Due to the continuous violence that has further stressed the finances of the nation, South Sudan will stop producing oil…

Intra-African agricultural trade has reached an unprecedented $17 billion, surpassing its previous high from 2013, according to the latest Africa…

The Ramciel Cooperative Society, Bsmart Technology, and the government announced on Thursday that 45 trucks full of food goods would…

Ghana, Africa’s top gold producer, is poised to inaugurate its first large-scale greenfield mine in more than ten years this…

An estimated $1.25 billion worth of assets were taken by South Sudan’s Nile Petroleum Corporation (Nilepet), which is being sued…

On Thursday, Libya’s oil output was significantly reduced, with over half of the production, around 700,000 barrels per day, being…

The government of Somalia has said that it is nearing the end of its oil exploration process, which would greatly…

Plans to launch a national carrier in association with the Nigerian government and institutional investors have come to an end,…

Pasta in Italy is one of the items that Yonas Alemu, the creator of Lovegrass Ethiopia, has successfully brought to…

A comprehensive report reveals that Africa’s rising population is driving an increased demand for processed foods. According to Ousmane Badiane,…

The government has partnered with Saudi Arabia in an effort to improve relations between the two nations in the fields…

For their actions in the ongoing fight, two generals from Sudan’s Rapid Support Forces (RSF) may face sanctions from the…

South African luxury tycoon Johann Rupert, 74, has ascended to the top as Africa’s richest person, overtaking Nigeria’s Aliko Dangote.…

The Nigerian state-owned oil firm NNPC has increased its exports of liquefied natural gas (LNG) to a Chinese port, following…

President Cyril Ramaphosa emphasized on Monday that efforts to combat climate change should not lead to increased electricity costs for…

In light of the ongoing effects of conflicts and climate-related natural disasters including drought and floods in the Greater Horn…

In response to the growing costs seen in Ethiopian markets, the government has declared plans to purchase 50 million liters…

Managing Director of Boeing Africa Henok Teferra has declared that the company will open for business in October 2024.Henok clarified…

A prominent figure in African mythology, the baobab is referred to as the “tree of life” by some. Rich in…

Ghana has enacted a temporary ban on exporting grains including maize, rice, and soybean to ensure adequate domestic supply as…

The health ministry announced on Monday that at least 132 people had perished in the war-torn nation of Sudan as…

According to local authorities, the Atepi bridge in Owinykibul Payam, which links South Sudan and Uganda, fell over the weekend.The…

Al-Shabaab threatens banks and financial institutions that they will be subject to Islamic law-based action if they work with the…

Due to the delayed building of important roads connecting it to South Sudan and Ethiopia, the Port of Lamu has…

According to local media, a Chinese company and South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) inked an agreement on Friday…