Friday, October 4, 2024
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Business

Controversial Adani deal to manage Kenya’s main airport blocked

India's Adani Group has faced another setback in its overseas expansion plans as Kenya's High Court blocked a controversial government deal to allow the...

Sibanye secures debt funding amidst slumping lithium prices

In a bold move to navigate through the challenges posed by the current downturn in lithium prices, Sibanye Stillwater, the renowned Johannesburg-based precious metals...

Ghana initiates $12 billion petroleum hub project

Ghana is on the cusp of a transformative venture as President Nana Akufo-Addo has launched the $12 billion petroleum hub project, signaling the country's...

Nigeria: NNPC annual surges to $2.1 billion profit

In a remarkable turn of events, Nigeria's state oil firm, NNPC, has announced a significant increase in its annual net profit, reaching 3.297 trillion...

Mauritania secures $10 million credit line with Saudi Bank

In a significant step towards strengthening trade relations between Mauritania and Saudi Arabia, the Mauritanian Investment Bank (BMI) and Saudi EXIM Bank have announced...

Adani Energy secures $900 million deal power move in Kenya

Adani Energy Solutions, a subsidiary of India's renowned Adani Group, has made a significant power move in Kenya by securing a massive $907 million...

Nigeria and Equatorial Guinea ink deal for gas pipeline project

Nigeria and Equatorial Guinea have joined forces in a groundbreaking agreement that is set to revolutionize gas exploration and distribution on the African continent. The...

Angola’s Sonangol plans for integrated iron and steel plant

In a landmark development for Angola's steel industry, the country's state oil company, Sonangol has announced its participation in the new corporate structure of...

Standard Bank eyes expansion in Nigeria and Angola

Standard Bank, Africa's largest lender by assets, is setting its sights on expanding its footprint in two key African markets - Nigeria and Angola. The...

Kenyan automaker Mobius secures bid from mystery buyer

Kenya's very own Mobius Motors, a renowned automaker specializing in producing affordable SUVs tailored for Africa's rugged terrains has accepted a takeover bid from...