Egypt has taken another significant step toward boosting its automotive sector, signing a $1 billion agreement with China’s Sailun Group to build a large-scale tire manufacturing facility in the Suez Canal Economic Zone (SCZone). Egypt signed a $1 billion agreement with China’s Sailun Group to build a tire manufacturing facility in the SCZone by 2026.…
Burkina Faso has secured €17.2 million in financing to advance a major solar project aimed at improving electricity access in one of Africa’s least electrified nations. Burkina Faso has received €17.2 million financing for a significant solar energy project in Dédougou. Funding sources include FMO’s Building Prospects Fund and the African Development Bank’s SEFA. This…
Workers in many African countries, however, are expected to work year-round with little opportunity for relaxation. The frenetic work environment of the modern era sparks discussion on the value of paid leave. This awful reality is that limiting paid leave is not only unfair but also harmful. Business Insider Africa presents the top 10 African…
The Democratic Republic of Congo’s (DRC) eastern region has seen a resurgence of tensions after the Congolese army accused the M23 rebel group on Tuesday of carrying out several attacks despite existing peace accords. The Democratic Republic of Congo’s eastern region is experiencing renewed unrest involving the M23 rebel group despite existing peace negotiations. Both…
Kenya plans to raise $4 billion by securitising an import levy to extend a China-built railway and is in talks with Etihad Rail to operate freight services on the line, Transport Secretary Davis Chirchir said. Kenya plans to raise $4 billion by securitizing an import levy to fund the Standard Gauge Railway (SGR) extension to…
Across the large and resource-rich African continent, the number of dollar billionaires, people with net worths of more than $1 billion, remains remarkably low. Thom Mpinganjira from Malawi may have just added to this figure. Thom Mpinganjira from Malawi may now be classified as the country’s first dollar billionaire, with his assets exceeding $1 billion.…
The Democratic Republic of the Congo’s (DRC) military is set to significantly boost its ground capabilities with a large shipment of over 100 armoured vehicles from the United Arab Emirates. (UAE) DRC is enhancing its military capabilities with a major acquisition of armored vehicles from the United Arab Emirates. The procurement includes approximately 160 Kasser…
Barrick Mining Corp. shares fell after the Canadian miner booked a $1.04 billion charge tied to the seizure of its vast Loulo-Gounkoto gold complex by Mali’s military junta. Barrick Mining Corp. reported a $1.04 billion charge related to the Malian military junta’s seizure of the Loulo-Gounkoto gold complex. Tensions with Malian authorities over alleged unpaid…
South Africa will present a revised trade deal proposal to Washington on Tuesday, aiming to reduce the 30% tariff that U.S. President Donald Trump imposed on its exports last week. South Africa will present a revised trade proposal to the United States aiming to reduce newly imposed tariffs. The proposal responds to the points raised…
