Dangote eyes steel industry, pays $2.4 billion of loan borrowed to build oil refinery
Nigerian billionaire Aliko Dangote has disclosed that he has already paid about $2.4 billion of a $5.5 billion loan...
Australia’s energy giant Woodside begins offshore oil production in Senegal
Senegal has officially joined the ranks of oil-producing countries following the announcement of the first oil from the Sangomar...
Nigeria’s Fidelity Bank secures $40 million from Afreximbank for Union Bank UK takeover
The African Export-Import Bank (Afreximbank) has given a $40 million Intra-African Investment facility to Fidelity Bank Nigeria Plc to...
The exodus of wealth: Why 20,000 African billionaires and millionaires have fled the continent
Africa, the breeding ground of some of the world’s richest people has, over the past few years, seen a...
New financial mechanisms needed to address Africa’s affordable housing crisis; says Nigeria’s housing minister, Arc. Dangiwa.
Speaking at the Ministerial Roundtable on “Innovative Financing for Housing Affordability,” held during the Shelter Afrique Development Bank (SHAFDB)...
African ministers support Shelter Afrique Development Bank’s capitalization initiatives
The African ministers of housing, urban planning and development have pledged to support capital raising initiatives by pan-African premier...
Russia to set up floating nuclear power plants in Guinea
Russia and the Republic of Guinea have signed a memorandum of understanding at the St. Petersburg International Economic Forum...
Diageo joins multinationals exiting the Nigerian market
Diageo, the global spirits giant, is selling its majority stake in its subsidiary, Guinness Nigeria, as it becomes the...
Cyril Ramaphosa – billionaire struggling to run a fractured South Africa
South Africa’s President Cyril Ramaphosa seems to face a daunting challenge running Africa’s largest economy and most industrialized nation....
Ditching the dollar: DR Congo’s central bank enforces franc-only e-payments
The Central Bank of Congo (BCC) has issued a new mandate requiring all Electronic Payment Terminals (EPTs) in the...