South Africa intends to draw in $46 billion (750 billion rand) for an industrial push to establish initiatives classified as specialized industrial hubs. South Africa aims to attract $46 billion in investments by April next year to boost its manufacturing sector through specialized industrial hubs. The government plans to raise about R200 billion from various…
One of Africa’s biggest natural gas opportunities is entering a defining phase, but Mozambique’s local businesses have been told they cannot rely on government protection to secure a share of the country’s multibillion-dollar LNG industry. Mozambique’s LNG projects could unlock more than $50 billion in investment. Eni says local firms must meet global standards to…
Aliko Dangote is nearing the completion of a $2.5 billion private share placement for his refinery business, marking a major step toward what could become Africa’s largest initial public offering (IPO). Aliko Dangote is close to completing a $2.5 billion private share placement for his refinery, valuing it at about $40 billion. The private offering…
The British government on July 16, 2026, imposed targeted sanctions on 11 individuals and entities suspected of facilitating the conflict gold trade and financial networks fueling the ongoing war in Sudan. The British government imposed targeted sanctions on 11 individuals and entities linked to the conflict gold trade fueling Sudan’s war. The sanctions focus on…
Nigeria is taking one of its boldest steps yet to tighten oversight of its foreign exchange market, introducing a centralised digital system that will allow regulators to track every official dollar purchase made by licensed Bureau De Change (BDC) operators from banks in near real time. Nigeria’s central bank has launched a digital platform to…
As recently reported, the South African subsidiary of Japan’s largest car manufacturer, Toyota South Africa Motors (TSAM), has completed more than 77% of its 10.4 billion rand ($634 million) investment programme to manufacture the next-generation Hilux pickup truck. Toyota South Africa Motors has completed over 77% of its R10.4 billion investment program to manufacture the…
Scientists have discovered a previously undiscovered monkey species, Likweli, deep within the Democratic Republic of the Congo’s jungles, highlighting the Central Congo Basin’s incredible biodiversity and the critical need for its protection. Scientists have discovered a new monkey species, Colobus congoensis, in the Democratic Republic of the Congo’s jungles. The discovery involved genetic research, audio…
South Africa is looking to ensure that its relationship with fellow African countries remains untainted following an ugly episode of xenophobia and anti-immigration demonstrations that swept the country over the last few months. South Africa has faced backlash from other African countries due to recent xenophobic and anti-immigration protests targeting African nationals. Some countries, including…
