Nigeria’s Senate has ordered the arrest of former state oil company chief Mele Kyari, who is said to be receiving medical treatment in Germany, after he repeatedly failed to appear before lawmakers investigating ₦210 trillion, about $154 billion, in disputed financial entries at the Nigerian National Petroleum Company. Nigeria’s Senate has ordered the arrest of…
Kenya has selected a Chinese construction giant to carry out a $2.9 billion expansion of its main international airport, two years after a previously proposed 30-year concession deal with billionaire Gautam Adani‘s company was cancelled. Kenya has chosen China Communications Construction Co. to carry out a $2.9 billion upgrade of Nairobi’s Jomo Kenyatta International Airport.…
South African billionaire Johann Rupert has secured approval for one of the country’s biggest healthcare transactions in recent years, strengthening his control over a network of 50 hospitals and nearly 9,000 beds as debates intensify over the future of private healthcare under the government’s National Health Insurance (NHI) plans. South Africa’s Competition Tribunal has approved…
Egyptian billionaire Naguib Sawiris is preparing to expand his presence in Greece’s luxury tourism market with a new five-star resort in Mykonos, expected to open in May 2027. Egyptian billionaire Naguib Sawiris is developing a five-star resort in Mykonos, set to open in May 2027. The project, worth over €100 million, targets the high-end international…
China’s Hengli Petrochemical has purchased at least 2 million barrels of West African crude as the privately owned refiner seeks to distance itself from sanctioned oil supplies and improve its chances of being removed from a U.S. blacklist. China’s Hengli Petrochemical bought at least 2 million barrels of West African crude as it improves chances…
After years of debt distress, currency crises and investor flight triggered by the COVID-19 pandemic and rising global interest rates, several African economies are beginning to regain the attention of international investors. Foreign investors are showing renewed interest in several African economies after years of market turbulence. Reforms in countries including Nigeria, Ghana, Egypt and…
Exploration work at Namibia’s Uis Project in the Erongo Region has returned new results pointing to a broad zone of mineralisation at the K9 pegmatite target, reinforcing the site’s growing importance in the country’s critical minerals sector. Exploration at Namibia’s Uis Project has identified a broad mineralised zone at the K9 pegmatite. Trenching revealed high-value…
