To increase American tech presence in a region where China’s Huawei is a major participant, the Trump administration has given a $99.6 million loan to
Category: Africa
Dangote’s Kenyan refinery project faces hurdles, including crude supply and funding.
Billionaire Aliko Dangote is determined to duplicate Africa’s largest oil refinery on the other coast of the continent, less than three years after overcoming rising
Uber Quits Nigeria and Uganda to Pivot to London Autonomous Tech.
Uber Technologies, a ride-hailing company, announced on Wednesday that it will discontinue its 12-year presence in Nigeria, Africa’s most populous country, on September 2. Uber
MTN considers expansion into banking and AI data centres amid surging cash reserves.
To increase lending from its own balance sheet, MTN Group, the biggest telecom provider in Africa, is looking for banking licenses in a few regions,
South Africa’s MTN authorizes a $375 million share buyback from super profits and excess cash.
In addition to reporting a 21.3% increase in half-year adjusted profit and robust cash creation, South African mobile operator MTN Group said on Monday that
Nigeria’s Dangote Refinery secures $1 billion underwriting for Africa’s largest $5 billion IPO.
In a significant step toward opening the largest refinery on the continent to investors, Nigeria’s Dangote Refinery has obtained a $1 billion underwriting program for
Nigerians’ cost of living crisis deepens; investors bubble as election looms.
In Abuja, the capital of Nigeria, Grace Adama puts on her earrings in her two-room apartment before taking her purse and heading out for work.
Nigeria’s Dangote Refinery IPO: Africa’s largest market listing to raise $5 billion in October.
Market listing plans for Dangote refinery Nigeria’s Dangote refinery plans Africa’s largest-ever market listing. Additionally, the Dangote refinery listing aims to raise about $5 billion
Surging global demand for critical minerals triggered violence and poverty in Africa, the WTO says.
The head of the World Trade Organization stated on Wednesday that rising global demand for essential minerals should be “a once-in-a-lifetime chance” for resource-rich nations
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa’s first
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