A consortium led by Saudi Arabia’s Zahid Group has received the green light from South Africa’s Competition Tribunal to acquire Barloworld in a deal worth R23 billion. The transaction, which …
Africa
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AfricaBusinessEconomyINVESTMENTMiningNews
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AfricaBankingBanking, Finance & InvestmentBusinessConsumer RightsCyber securityTechnology
Standard Bank warns customers as AI-powered “spoofing” scams surge
Standard Bank has raised the alarm over a sharp rise in “spoofing” fraud, warning customers to be extra careful as criminals now use artificial intelligence tools to sound and look …
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AfricaBusinessCorporate AffairsEconomyINVESTMENTMining
Hilmax Returns Strong with New Investors, Sets Eyes on Expanding Zimbabwe’s Mining Sector
Hilmax Engineering, one of Zimbabwe’s leading engineering service providers to the mining industry, has staged a remarkable comeback after facing a serious survival battle last year. For more than a …
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AfricaCommunity DevelopmentEconomyLabourMining
Diamond Union Fights to Save Jobs as ZCDC Retrenchments Spark Backlash
The crisis in Zimbabwe’s diamond industry has deepened as the Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) mounts a last attempt to stop massive retrenchments at the Zimbabwe Consolidated …
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AfricaBusinessEconomyEnergyMining
Egypt Saves $3.6 Billion on Fuel Imports as Domestic Energy Production Rises
Egypt has announced that it successfully saved about $3.6 billion in fuel import costs during the 2024/2025 fiscal year, thanks to a boost in local energy production. The Minister of …
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AfricaBusinessEconomyLeadershipTechnology
Apex COO Says Fewer Than 10 Nigerian Companies Have Survived 100 Years
The Chief Operating Officer of Apex Network, Joy Alabi-Hundeyin, has said that fewer than 10 companies in Nigeria have been able to stay in operation for more than 100 years. …
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AfricaBusinessConsumer RightsGhanaGovernment PolicyMediaTelecommunications
Ghana Minister Accuses DStv of Using Diplomacy to Resist Price Cut
The Minister for Communications, Digital Technology and Innovations in Ghana, Samuel Nartey George, has accused MultiChoice, the operators of DStv, of trying to turn his campaign for a price reduction …
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AfricaAfrican PoliticsCentral AfricaDiplomacyInternational RelationsSecurity
Pressure on Central African Republic to Replace Wagner with State-Controlled Africa Corps.
Tensions are growing between Russia and the Central African Republic (CAR) over Moscow’s push to replace the Wagner private military group with the state-run Africa Corps — and to start …
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AfricaAfrican PoliticsFinanceINVESTMENT
CRDB Bank Unveils Al Barakah Sukuk Islamic Bond to Raise Over TZS 40 Billion
CRDB Bank Plc has officially launched a new Islamic finance product, the Al Barakah Sukuk, in a move set to boost ethical investments and promote financial inclusion in Tanzania and …
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AfricaAgricultureEconomic PolicyGovernanceInternational RelationsInternational TradePoliticsSouth Africa
South Africa’s Democratic Alliance Says Trump Tariffs May Stay Without Policy Changes
South Africa’s second biggest party in the ruling coalition, the Democratic Alliance (DA), has warned that the 30% tariff imposed by former United States President Donald Trump on the country’s …