The African Union Sports Council (AUSC) and the Ministry of Sports of Rwanda have announced a major partnership to co-host the Policymakers Round table during the second edition of the …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- African AffairsAfrican EconomyBusinessDevelopmentEconomyEventsINVESTMENTRwandaSPORTUncategorized
- AviationBusinessGOVERNMENTTradeTransportationTravel & Tourism
Govt grants Air Tanzania permit to begin direct flights
Nigeria’s Federal Government has officially handed over the Foreign Carrier Operation Permit (FCOP) to Air Tanzania Company Limited, marking a new phase of cooperation between both countries in the aviation …
- Business and EconomyFinancial InclusionNigeriaStock MarketTransportation & Logisitics
ABC Transport Returns to Profit with N465.5m in First Half of 2025
ABC Transport Plc has reported a profit after tax of N465.5 million for the first half of 2025, marking a strong turnaround from the N191.5 million loss recorded in the …
- Business and EconomyForeign AffairsINVESTMENTMiningNatural ResourcesNews
De Beers Discovers First New Kimberlite Field in Angola After 30 Years
De Beers, the global diamond giant, has made a significant discovery in Angola—its first kimberlite field in three decades. The announcement came on Tuesday, August 12, 2025, from the company’s …
- AFRICA NEWSBusiness and EconomyConflictForeign AffairsNatural ResourcesPoliciesSecurity
US Slams Sanctions on Congo Militia and Mining Firms Over Illegal Coltan Trade
The United States government has announced fresh sanctions aimed at stopping the trade in conflict minerals from eastern Democratic Republic of Congo (DRC). On Tuesday, August 12, 2025, American authorities …
- Business and EconomyCurrencyGlobal NewsInflationMarketsPoliciesTrade
Dollar Weakens as Markets Expect U.S. Fed to Cut Rates in September
The United States dollar fell on Wednesday, August 13, 2025, as new economic data pushed more investors to believe that the U.S. Federal Reserve will cut interest rates in September. …
- Business and EconomyChina-Africa RelationsCorporate StrategyEconomyEgyptForeign AffairsIndustrial DevelopmentInfrastructureINVESTMENTManufacturing
Egypt, China’s Sailun Group Sign $1 Billion Deal for Tire Factory in Suez Canal Economic Zone
Egypt has entered into a major $1 billion agreement with China’s Sailun Group to build a large automotive tire manufacturing plant in the Suez Canal Economic Zone. The deal, announced …
- Dangote IndustriesEconomyEnergyInfrastructureInnovationNigeriaOil & GasPoliciesTransportation & Logisitics
Dangote Refinery Lowers Petrol Price to ₦820 per Litre
The Dangote Petroleum Refinery has announced a major step to make fuel cheaper and easier to access across Nigeria. From Monday, August 12, 2025, the refinery reduced its ex-depot price …
- EconomyEnergyMarketsNigeriaOil & GasPolicies
Nigeria’s Fuel Import Reliance Rises to 69 Percent in June
Nigeria’s dependence on imported petrol has grown sharply, with fresh data showing that the country sourced 69 percent of its petrol needs from foreign suppliers in June 2025. Figures from …
- Corporate StrategyDevelopmentEconomyEnergyGovernment PolicyIndustrial DevelopmentInfrastructureINVESTMENTNigeriaOil & Gas
New Oil Projects Could Raise Nigeria’s Output by 800,000 Barrels a Day
Nigeria’s oil industry may soon experience a major turnaround, as six new offshore projects are expected to boost the country’s crude oil output by about 800,000 barrels per day (bpd). …