Business

African business news: M&A activity, earnings reports, leadership changes, expansion moves, and corporate developments across all 54 nations. Essential intelligence for investors and executives.

Dangote seals $4.2bn gas deal with GCL

Dangote Industries and China's GCL Group have signed a $4.2 billion, 25-year natural gas supply deal to power a 3-million-tonne-per-year…

Africa becomes Europe’s gas lifeline

The Strait of Hormuz closure and collapsing Russian supply have pushed Europe toward Africa's LNG and pipeline gas. Algeria, Nigeria,…

Nigeria and UAE seal $200m defence pact

Nigeria-based Nigus International Investment Limited and UAE-headquartered Elmirate Capital have signed a $200 million MOU to build a defence technology,…

Russia agrees to stop recruiting Kenyans

Kenya's Foreign Minister Musalia Mudavadi secured an agreement in Moscow on March 16 that Russia will stop recruiting Kenyan nationals…

Egypt opens Africa’s longest monorail line

President Sisi inaugurated the 56.5km East Nile Monorail on March 20, connecting Cairo Stadium in…

Ghana’s lithium problem isn’t geology. It’s people.

Ghana's Ewoyaa lithium project is set to produce 3.6 million tonnes of spodumene concentrate over…

From Alexandra township to running Africa’s biggest bank

Mary Vilakazi grew up in Alexandra township, sold sweets for pocket money, financed her education…

All four SA banks are chasing Kenya

All four of South Africa's biggest banks are targeting Kenya simultaneously. Nedbank is buying NCBA.…