News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
Mozambique is celebrating the approval of a $2 billion port expansion backed by Dubai’s DP World and South Africa’s Grindrod group. The deal involved a 25-year extension of the existing …
The Democratic Republic of the Congo (the “DRC”) is poised for a significant infrastructure boost, securing a $7 billion financing package as part of a renegotiated minerals-for-infrastructure contract with China. …
The International Monetary Fund (IMF) projects that the East African economy will grow at 5.6 percent, but the region’s business lobby says external and domestic shocks could impact the positive …
Traders with insider information revealed that Trafigura Group has sold 2 million barrels of WTI Midland to the Dangote refinery for delivery at the end of February, Bloomberg reported. Traders …
At a summit on Monday, the Italian government unveiled details of a long-awaited project aimed at boosting development in Africa, hoping it will help spark economic growth that will curb …
African leaders are bracing themselves for a second Trump term and all that that entails. Trump is unlikely to pull the reigns on African engagement because the region has never …
BYD entered into a partnership with Rwandan distributor CFAO Mobility in 2023, and the local launch of the Atto 3 marks its official entry into the East African market. BYD …
Archbishop of Canterbury Justin Welby said the controversial plan of Prime Minister Rishi Sunak’s Conservative government would “outsource our legal and moral responsibilities for refugees and asylum seekers”. He made …
Fortis Green Renewables has struck a deal to acquire a significant minority stake in a Rwandan hydropower plant. The US-based renewable energy investment firm purchased a 40% stake in the …
Interior Cabinet Secretary Kithure Kindiki has called for transboundary collaboration within the African region to tackle emerging and transnational organized crime, particularly in the face of escalating security threats. He …
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