Finance Minister Khamis Mussa Omar said that Tanzania anticipates finalizing agreements on significant investment projects in the upcoming months, including a $42 billion LNG development
Category: Africa
SoftBank-backed OPay files for a US IPO, posting major revenue growth.
In its US IPO filing on Friday, Africa-focused digital payments startup OPay disclosed that its revenue more than doubled in the first half of the
Dangote Refinery IPO: African Market Fragmentation Ruins Investor Appetite.
The historic stock debut of Nigeria’s Dangote refinery was promoted as a chance for continental investors to own a piece of Africa’s largest refining complex
AU unveils Africa Credit Rating Agency as an alternative to the “Big 3” international firms.
As many African nations struggle with debt, the African Union established the first credit rating agency on the continent on Wednesday in an effort to
Nigeria’s Amni and TotalEnergies greenlight an $800 million offshore gas project in Nigeria.
Nigeria’s state oil company, NNPC Ltd, announced on Friday that local producer Amni International and TotalEnergies have reached a final investment decision on an $800
Airtel Money eyes $800 million in London’s largest IPO in years.
After a protracted slowdown in new listings, Airtel Money, the mobile money division of Airtel Africa, plans to file for what may be one of
US injects $100M into Africell to rival Huawei’s African tech stronghold.
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
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,
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