The AIDS Healthcare Foundation (AHF) has hit a major global milestone, now providing life-saving HIV prevention, care, and treatment to 2.5 million people worldwide. Out of this figure, more than …
Africa
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AfricaBusinessCryptocurrencyEconomyFinanceTechnology
Nigerian Tech Entrepreneur Danny Oyekan Launches DollarCoin to Tackle Inflation
Blockfinex, an international cryptocurrency exchange founded by Nigerian tech entrepreneur Danny Oyekan, has introduced a new digital currency called DollarCoin. The currency was unveiled as part of efforts to create …
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AfricaAgricultureBusiness and EconomyCorporate GovernanceLabourNews
LFM Announces Fresh Round of Layoffs
Lesotho’s oldest milling company, Lesotho Flour Mills (LFM), is once again in the spotlight for the wrong reasons after management informed staff of fresh retrenchment plans that could see about …
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AfricaBusinessEconomyFinanceInsuranceINVESTMENT
Africa Re Records $102m Profit as Premiums Grow 15% in First Half of 2025
The African Reinsurance Corporation has reported a strong financial performance for the first half of 2025, with Gross Written Premium rising by 15.31 per cent to $644.30 million, up from …
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AfricaConflictEconomyGovernanceOil & GasPolitics
President Kiir Sacks South Sudan Finance Minister as Economy Faces Deepening Crisis
South Sudan’s President Salva Kiir Mayardit has dismissed the country’s finance minister, continuing a pattern of frequent changes in the top economic post as the nation struggles with rising inflation, …
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AfricaBusinessCommoditiesEconomyINVESTMENTMining
Gold Fields Triples Profit, Raises Interim Dividend on Strong Gold Prices
South African gold mining giant, Gold Fields Limited, has announced a major boost in its earnings for the first half of 2025, with profits more than tripling compared to the …
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AfricaBusiness and EconomyEnergyInternationalOil & Gas
NESR Secures $100m Energy Contracts in Algeria and Libya
The National Energy Services Reunited Corp. (NESR), a leading international provider of integrated energy services across the Middle East and North Africa (MENA), has announced the award of several major …
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AfricaBusinessCorporate ServicesLeadershipTechnologyTransportation
Bolt Appoints Baaba Hammond Ghana Manager
Bolt, the popular ride-hailing and mobility company, has announced the appointment of Baaba Hammond as the new Country Manager for Bolt Business in Ghana. Her role will focus on expanding …
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Illovo Sugar Malawi Plc, one of the country’s largest companies, has secured shareholder approval to borrow $45 million from its majority shareholder, Sucoma Holdings Limited, in a move designed to …
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AfricaBankingBusinessEconomyForex TradingTrade
African Currencies Show Mixed Outlook as Ghana’s Cedi Faces More Pressure
African currencies are set for a mixed performance in the coming week, with Ghana’s cedi expected to weaken further against the dollar, while the shilling in Kenya, the naira in …