International Business

Netflix is laying off approximately 1,000 employees, representing about 6 percent of its workforce, as the streaming giant faces growing competition for viewers and reassesses its spending priorities. The job …

Botswana has been selected to host the Southern African trading hub for the planned initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, in a move aimed at expanding …

Uganda has approved the participation of domestic investors in the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery, expanding access to the $1.6 billion share sale across East Africa. …

Aliko Dangote has hired India’s state-owned Engineers India Ltd. (EIL) to provide engineering and project-management services for a planned $16 billion refinery and petrochemical complex in Kenya. The refinery, which …

Oliver Alawuba, Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA) Plc, has called for stronger trade and investment relations between Nigeria and Brazil, identifying agriculture, …

The European Union has opened the door to a closer relationship with Canada, with European Commission President Ursula von der Leyen proposing that the country become the bloc’s first “associate …

Canada has begun imposing retaliatory tariffs on a wide range of American goods, with the new measures taking effect Tuesday as Ottawa prepares for what could become a prolonged trade …

Net outflow widens by 1,073% as analysts warn of persistent foreign selling pressure Foreign investors have withdrawn a net N266.07 billion from Nigeria’s equities market in the first seven months …

Standard Bank has recorded a major milestone in Ethiopia after its Representative Office in the country became the first foreign financial institution to be re-licensed under Ethiopia’s newly revised Banking …