Karooooo Limited, the South African parent company of vehicle-tracking giant Cartrack, has reported a significant jump in profits and customer numbers for the half year ended August 31, 2025, solidifying its position as one of Africa’s fastest-growing tech firms. Karooooo, parent company of Cartrack, reported a 20% rise in revenue to $139 million for the…
Former Kenyan Prime Minister and veteran opposition leader Raila Odinga has died at the age of 80 while receiving medical treatment in Koothattukulam, India. Raila Odinga, former Kenyan Prime Minister, passed away at 80 in India after a cardiac arrest. Odinga, a prominent political figure for over four decades, was undergoing treatment at an Ayurvedic…
In a sign that Nigeria may soon anchor West Africa’s energy leap, four states on Tuesday, October 14, inked solar mini-grid agreements as part of a sweeping push behind a $3 billion renewable energy fund. Nigeria is driving a $3 billion solar energy boom as states and private firms sign new mini-grid deals worth $400…
South Africa’s Kruger National Park, one of the country’s most famous wildlife reserves, is at the centre of a heated debate over its name, highlighting tensions between heritage, history, and economic interests. Kruger National Park, a key South African wildlife reserve, is central to debates on its namesake’s historical legacy. Proposals to rename the park…
South Africa’s gradual structural reforms are helping to revive parts of the economy but remain insufficient to lift growth to the government’s 3.5% target, according to Moody’s Ratings. South Africa’s structural reforms are renewing some economic sectors but fall short of achieving a 3.5% growth target. Decaying infrastructure, power shortages, and logistics challenges have limited…
Egypt plans to drill 480 exploratory oil wells over the next five years under an investment program worth $5.7 billion. Egypt plans to drill 480 exploratory oil wells over the next five years with a $5.7 billion investment. Egypt’s current production capacity is approximately 559,000 barrels of oil per day. International agreements with companies like…
Libya’s central bank said it had authorised the printing of 60 billion Libyan dinars ($11 billion) to maintain cash liquidity in a balanced and stable manner. Libya’s central bank authorised the printing of 60 billion Libyan dinars to stabilise cash liquidity. About 25 billion dinars were distributed to banks, with 14 billion more expected by…
Talks between global steel giant ArcelorMittal and South Africa’s Industrial Development Corporation (IDC) over the potential sale of the steelmaker’s local operations have entered an advanced stage, signaling a possible shift in Africa’s steel industry landscape. ArcelorMittal’s M&A head Ondra Otradovec is in South Africa for advanced talks with the Industrial Development Corporation (IDC) and…
A British oil company, Shell (SHEL.L), has approved the $2 billion development of the HI offshore gas project in Nigeria in partnership with Sunlink Energies, Reuters reported. Shell and Sunlink Energies approved a $2 billion investment for the HI offshore gas project in Nigeria. The project will produce 350 million cubic feet of gas daily,…
