Alerts
Burkina Faso has rewritten a 33-year-old law to prohibit the full or partial privatisation of state-owned enterprises classified as strategic, while giving the government greater authority to take stakes in private businesses considered essential to national interests.
Fatai Okoya, who identifies as the eldest child of billionaire businessman Razaq Okoya, has publicly appealed to his father for forgiveness following four decades of separation.
Egypt, Africa’s third-largest natural gas producer, is preparing to deploy the Commander offshore survey vessel as part of a wider exploration programme covering 95,000 square kilometres of the Eastern Mediterranean, as the country seeks new gas discoveries and fresh investment in its energy sector.
South African President Cyril Ramaphosa has urged the nation to get ready for a potential loss of duty-free trade access to the U.S. as relations between the two governments grow increasingly tense.
South Africa’s Nedbank has cleared the outstanding conditions for its acquisition of a 66% stake in Kenya’s NCBA Group, bringing the lender closer to securing a regional banking platform spanning East and West Africa.
Business Insider Africa has recently reported that President Cyril Ramaphosa has warned that South Africa is preparing for the possibility of being excluded from the United States' African Growth and Opportunity Act (Agoa). As a result, the South African government is actively looking to deepen its ...
Egypt’s Banque du Caire has attracted commitments of up to $256 million from four international investors for its planned share sale, giving the government’s privatisation programme a significant boost as it opens part of the state-owned lender to outside ownership.
Canadian company Empress Royalty has completed a $62 million purchase of rights to a portion of future gold production from Côte d’Ivoire’s Tongon mine, adding an African asset to its precious-metals portfolio. The transaction gives Empress exposure to gold sales while Atlantic Group retains ownersh...
Tanzanian businessman Edha Nahdi’s Amsons Group has agreed to acquire Oryx Energies’ downstream oil business in Tanzania, extending its interests in fuel distribution and infrastructure after its takeover of Kenya’s Bamburi Cement. The proposed transaction would place another established business un...
South African President Cyril Ramaphosa has urged the nation to get ready for a potential loss of duty-free trade access to the U.S. as relations between the two governments grow increasingly tense. Tensions have escalated following actions by Washington that include cutting economic aid, expelling ...
China’s capital city is heading toward a major demographic transformation over the coming decade as its population ages at a rapid pace. Official reports indicate that by 2035, approximately one in every three residents in Beijing will be aged 60 or above.
China’s capital city is heading toward a major demographic transformation over the coming decade as its population ages at a rapid pace. Official reports indicate that by 2035, approximately one in every three residents in Beijing will be aged 60 or above.
