Cameroon Becomes First Foreign Buyer of Dangote Petroleum
Cameroon has become the first foreign buyer of refined petroleum from the Dangote Refinery in Nigeria. The first shipment, totaling…
Category: Business
McKinsey to Pay $122 Million Fine Over South Africa Bribery Scheme
McKinsey & Company’s African subsidiary has agreed to pay a criminal fine of more than $122 million to resolve a…
Niger Authorities Seize Control of Orano’s Uranium Mine Amid Rising Tensions
French nuclear fuels company Orano announced Wednesday that authorities in Niger have taken control of its Somair uranium mine, escalating…
Nigeria’s Ngozi Okonjo-Iweala Reappointed for Second Term as WTO Chief
Nigerian economist Ngozi Okonjo-Iweala was unanimously reappointed for a second four-year term as Director-General of the World Trade Organization (WTO)…
Mali Reaches $160M Settlement with Resolute Mining Over Tax Dispute
Australian gold miner Resolute Mining has agreed to pay Mali’s military-led government $160 million to settle a tax dispute. The…
Zimbabwe Embraces Climate-Smart Agriculture to Boost Resilience and Innovation
In Zimbabwe’s drought-prone regions, farmers are turning to climate-smart agriculture to adapt to the challenges posed by changing environmental conditions.…
DRC Pursues Financing for World’s Largest Hydropower Dam
The Democratic Republic of Congo (DRC) is seeking funding from the World Bank and other financial institutions for the construction…
Ethiopian Airlines Takes Delivery of Africa’s First Airbus A350-1000
Ethiopian Airlines, Africa’s largest and fastest-growing carrier, has received its first Airbus A350-1000, making it the first African airline to…
OPEC+ Extends Oil Output Cuts Through December
Saudi Arabia and its allied oil-producing countries announced Sunday that they will extend their oil output cuts through December, delaying…
Volkswagen Group Africa Launches Facility for E-Tractors in Rwanda
Volkswagen Group Africa has announced the launch of its first multifunctional facility in Rwanda to pilot modern farming practices using…
World Bank Lowers 2024 Growth Forecast for Sub-Saharan Africa Due to Sudan Conflict
The World Bank has revised its economic growth forecast for sub-Saharan Africa in 2024 to 3%, down from the previous…
Bank of Kigali, Kivu Choice Sign RWF 5 Billion Agriculture Financing Deal
Bank of Kigali (BK) has partnered with Kivu Choice Ltd., a leading aquaculture company, in a RWF 5 billion agreement…
Dangote Refinery Begins Gasoline Sales in Nigeria
Nigeria’s Dangote refinery, with a capacity of 650,000 barrels per day, has commenced domestic gasoline sales, partnering exclusively with the…
WTO Chief Ngozi Okonjo-Iweala Announces Candidacy for Second Term
Ngozi Okonjo-Iweala, the seventh Director-General of the World Trade Organization (WTO), announced her candidacy for a second term on Monday,…
Engie Energy Access Rwanda, Samsung Partner to Boost Smartphone Ownership in Rwanda
Engie Energy Access Rwanda and Samsung have launched a strategic partnership aimed at increasing smartphone ownership in Rwanda by offering…
Ethiopian Airlines Halts Flights to Asmara
Ethiopian Airlines has suspended flights to Eritrea’s capital, Asmara, citing challenging operating conditions. The move follows Eritrea’s announcement that it…
African Nations Lose Up to 5% of GDP Each Year Due to Climate Change
African nations are losing as much as 5% of their GDP each year due to climate change, according to a…
Uganda Expands Oil Exploration to New Regions
Uganda is launching oil exploration in two new regions, Energy and Mineral Development Minister Ruth Nankabirwa announced Wednesday. Nankabirwa revealed…
Kenya Airways Reports First Half-Year Profit in Over a Decade
Kenya Airways announced Monday it achieved its first half-year profit in more than a decade, reporting a net income of…
BK Group Plc Names Dr. Uzziel Ndagijimana as New CEO
BK Group Plc has appointed Dr. Uzziel Ndagijimana as its new Chief Executive Officer, effective August 14, 2024, following the…