Africa’s industrial conglomerate, Dangote Group, has sealed a $400 million equipment procurement pact with Chinese manufacturer Xuzhou Construction Machinery Group as part of an aggressive push to scale up its …
AfricaAFRICA NEWSBusiness Policies
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Africa
Telecommunications giant MTN Group has announced that the board of IHS Towers has accepted an offer of $8.50 per share in a deal that could see the operator raise its …
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
Swiss Private Bank Pictet Opens First African Office in South Africa
Swiss private bank, Banque Pictet & Cie SA, has officially launched its first office on the African continent, marking a historic expansion for the 220-year-old wealth manager as the number …
- AfricaAFRICA NEWSEducation
African students win global prize for AI education system without internet
Two students of Texas Christian University, Happy Niyorurema and Mame Niang, have developed a technology that delivers educational content through ordinary voice calls, a breakthrough designed to tackle learning barriers …
PalmPay has unveiled a new feature that allows users to request AfriGO payment cards directly within its mobile application, in a move aimed at widening access to card-based financial services …
- AfricaAFRICA NEWSBusiness Policies
Neimeth seeks patient capital, local patronage as profit hits N1.5 billion
Neimeth Pharmaceuticals Plc has called on the Federal Government to create pathways for pharmaceutical manufacturers to access long-term financing, saying the move is critical to sustaining investment in local drug …
- AfricaAFRICA NEWSAfrican EconomyEconomy
Africa Must Align Infrastructure, Policy and Capital to Achieve Energy Security – Ojulari
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has identified shared infrastructure, policy alignment, coordinated investment frameworks, cross-border technology exchange and sustained regional diplomacy among National …
- AfricaAFRICA NEWSPress ReleasesReal Estate
Novarick Homes Partners Kolanut Africa to Strengthen Buyer Protection Amid Housing Risks
Property Development Company, Novarick Homes has entered into a partnership with Insuretech firm, Kolanut Africa, as part of its broader effort to strengthen buyer protection and rebuild confidence in Nigeria’s …
- AfricaAFRICA NEWSBusiness Policies
Naira sustains significant appreciation against US dollar across official, black markets
The naira on Wednesday sustained its upward trend against the United States dollar across both official and parallel foreign exchange markets, reflecting continued currency stability. Latest data released by the …
- AfricaAFRICA NEWSBusiness InsightsBusiness Policies
Access Bank–Bidvest Bank Deal Collapses over Regulatory Approvals
Access Bank Plc’s proposed acquisition of South Africa’s Bidvest Bank has collapsed following regulatory hurdles, Vanguard has learnt. Although the Nigerian lender had reached an agreement to acquire the South …