News

Nigerian oil firms expand in Africa, led by FIRST E&P’s new deal in Tanzania. • Past ventures include projects in Equatorial Guinea, Uganda, and Namibia. • Local firms gain ground as global majors ...
Kenya plans tea export deal with Algeria, discussed at UN summit. • Part of effort to diversify markets beyond top 10 buyers. • Algeria's tea market is dominated by China, posing entry challenge.
M&A deals in African tech hit a record 29 in H1 2025, led by fintech and market consolidation. • 20 startups expanded regionally or globally, with Nigeria and Egypt leading. • Funding rose 78% to ...
Tanzania opens Kwala dry port July 31 to ease Dar es Salaam congestion. • Rail link boosts trade with Rwanda, Burundi, and DRC. • Part of broader logistics and infrastructure upgrade. Tanzania is ...
Treasury banned Bain for 10 years (2022-32) after probes found collusion with ex-SARS chief Moyane and President Zuma to cripple SARS. Staff fell from 135 (2016) to ~87; 60 % redeployed to a new ...
The Medusa Submarine Cable System is a critical investment in the region’s digital future, especially at a time when demand for data and bandwidth is accelerating across Africa and the Mediterranean ...
Africa’s 2024 FDI jumped to USD 97 bn (+75 %), but almost two-thirds came from Egypt’s USD 35 bn Ras El-Hekma smart-city; excluding it, growth was only 12 %. The continent secured barely 5 % of the ...
The agreement states that students will exchange for a semester or a year each year. It also includes joint research focused on tropical-ecosystem preservation, climate-change mitigation, and ...
The scope of future digital cooperation with Turkey is yet to be defined. Gabon set four priorities: modernise public administration, expand infrastructure, secure data, train digital talent. Ongoing ...
Angelique International will establish a tractor-assembly facility in the DRC. The company already runs similar plants in six African countries and is executing the Kakobola dam project in the DRC. It ...
Uganda’s coffee export earnings reached $2.2 billion in 2024/2025, doubling from $1.14 billion the previous year. Coffee export volumes grew by 25%, with 7.7 million bags (462,000 tonnes) shipped ...
CCBA invested $20.4 million to expand its Midrand plant’s production capacity. The new line will bottle 72,000 units per hour, targeting growing demand for Bonaqua and Powerade. This is part of a ...