Elon Musk’s Tesla has inked a contract to buy anode active material (AAM) from Tanzania. This comes after Tesla struck an agreement with a vertically integrated lithium-ion battery business, Magnis …
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AfricaAFRICA NEWSSpotlight
Pan African think tank Accelerate Africa expands to Tanzania
by Editorby EditorPan-African economic think tank Accelerate Africa (AA), has been launched in Tanzania marking a major step forward for the country, as it anticipated to help create a more vibrant and …
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AfricaAFRICA NEWSSpotlight
ADfB partners with African Hidden Champions Initiative of AFG, DEG to further regional industrialization
by Editorby EditorThe African Development Bank will partner with African Hidden Champions(link is external) in support of its efforts to promote the growth of African companies and aid their transformation into global …
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AfricaAFRICA NEWSSpotlight
Walsh Media Announces the launch of a business TV station
by Editorby EditorA Dubai-based Nigerian. Victor Walsh Oluwafemi, the owner of Walsh Media Limited and his team are proud to announce the launch of a business TV station in Lagos, Nigeria. The …
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AfricaAFRICA NEWSSpotlight
Mauritian multimillionaire Arnaud Lagesse’s IBL acquires Kenyan drugs distributor Harley’s
by Editorby EditorIBL Group, a multinational conglomerate led by Mauritian multimillionaire businessman Arnaud Lagesse, has acquired an undisclosed stake in Harley’s, a pharmaceutical distributor based in Kenya. As the lead investor of …
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AfricaAFRICA NEWSSpotlight
Musk aims to replace himself as Twitter CEO toward end of 2023
by Editorby EditorTwitter Chief Executive Officer Elon Musk said he aims to find his successor at the helm of the social-media company toward the end of this year. Musk, speaking via a …
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AfricaAFRICA NEWSSpotlight
Namibia: Business registration plagued by bureaucracy, corruption
by Editorby EditorIndustrialisation and trade minister Lucia Iipumbu says bureaucratic red tape, outdated business laws and corruption make it difficult to register businesses in Namibia. Iipumbu criticised the number of days it …
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AfricaAFRICA NEWSSpotlight
Mo Dewji cements position as East Africa’s top billionaire
by Editorby EditorTanzanian businessman Mohamed Dewji has climbed two places in the latest Forbes billionaire list and has emerged as the only billionaire in East Africa. In the latest rankings published on …
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From southern Ethiopia to northern Kenya and Somalia, around 22 million people are at risk of hunger as the worst drought in four decades grips the Horn of Africa. In …
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AfricaAFRICA NEWSSpotlight
Denver Mayor Hancock travels to North Africa in pursuit of new business opportunities
by Editorby EditorDenver Mayor Michael Hancock will travel to Egypt and Ethiopia this week with a delegation of city and metro area leaders at a cost of more than $100,000. The trip, …