Dangote Group is turning to China, the world’s No. 1 shipbuilding country, as the expansion of Africa’s largest refinery and its wider industrial operations drives plans to increase annual vessel movements from about 300 to nearly 1,800. Dangote Group plans to significantly increase its annual cargo vessel movements from 300 to nearly 1,800 due to…
American venture capitalist and bitcoin investor Tim Draper’s plan to sell his luxury resort investment in Tanzania for $7.9 million is attracting a wave of unusual offers, including gold mines, houses and cattle. Tim Draper is seeking to sell his luxury resort investment in Tanzania for $7.9 million, sparking unconventional offers including gold mines, houses,…
Africa’s biggest refinery,Dangote Petroleum Refinery & Petrochemicals has disclosed 14 pending court cases ahead of its initial public offering, with nine of the cases involving claims totalling $216.12 million and N4.08 billion ($3.08 million). Dangote refinery has disclosed 14 pending court cases in documents prepared for its IPO. Nine are classified as material, with claims…
The U.S. military forces recently launched a targeted counter-terrorism operation against al-Shabaab militants in the East African country of Somalia. The U.S. military conducted an airstrike targeting al-Shabaab militants in Somalia. The operation took place near Quumbi, about 75 kilometers north-northwest of Kismayo. AFRICOM stated the mission aimed to degrade al-Shabaab’s ability to threaten U.S.…
Nigeria’s Dangote refinery has bought at least 16 million barrels of Nigerian crude oil for delivery in October, tightening the country’s export supply as buyers seek alternatives to disrupted Middle Eastern shipments. Dangote refinery has reportedly secured at least 16 million barrels of Nigerian crude for October. The volume represents about 520,000 barrels per day…
Kenya has approved Japan’s Asahi Group to take control of East African Breweries Limited in a $2.3 billion transaction, but the regulator has attached conditions intended to protect competitors and outstanding claimants. Kenya’s competition regulator has approved Asahi’s proposed acquisition of Diageo’s 65% EABL stake. The deal is expected to produce approximately $2.3 billion in…
Samuel Eto’o is facing renewed scrutiny over approximately $665,000 (€567,570) in fees connected to Cameroon’s 2023 friendly against Russia after documents reportedly directed the money to his personal bank account in Qatar. Documents reviewed by The Times reportedly directed two payments worth roughly $665,000 (€567,570) to Samuel Eto’o’s personal account. The money was connected to…
Iran-aligned Houthi fighters have captured a strategic Yemeni port near Africa, giving the armed group greater leverage over one of the world’s most important shipping routes as oil prices climbed above $105 a barrel. Houthi fighters have captured Yemen’s strategic Mocha port, approximately 80 kilometres from the Bab el-Mandeb Strait. The waterway separates Yemen from…
South Africa and Saudi Arabia have agreed to expand their tourism and travel partnerships to significantly improve the journey for thousands of Muslim pilgrims travelling to the Saudi kingdom. South Africa and Saudi Arabia agreed to expand tourism and travel partnerships, focusing on improving travel for Muslim pilgrims. Ministers from both countries discussed transitioning to…
