The official state-owned lithium mining arm of Zimbabwe, Mutapa Energy Resources, has secured a $300 million investment to accelerate the development of its lithium assets, marking the latest step in the country’s efforts to bolster its position in the global battery resource market. Zimbabwe’s state-owned Mutapa Energy Resources has secured a $300 million investment to…
Cameroonian billionaire Baba Ahmadou Danpullo has launched a new asset management firm, Danpullo Capital, to organize and shield his estimated $930 million fortune. Baba Ahmadou Danpullo has launched Danpullo Capital, an asset management firm, to organize and protect his $930 million fortune. The firm was unveiled in Douala in partnership with Kessner Capital Management. Danpullo’s…
The former president of Nigeria, Goodluck Ebele Jonathan, recently relayed that the country’s local content strategy for the oil and gas industry was inspired by China’s success in developing a robust domestic petroleum industry. Former Nigerian president Goodluck Jonathan revealed that the country’s oil and gas local content strategy was inspired by China’s petroleum industry.…
The Confederation of African Football (CAF) has accepted the joint declaration of interest submitted by Burkina Faso, Mali and Niger to host the 2032 Africa Cup of Nations (AFCON), allowing the three Sahel nations to move to the next stage of the tournament’s bidding process. CAF has accepted the joint declaration of interest from Burkina…
China’s campaign to expand the global use of the yuan is gaining fresh momentum in Africa, with Angola becoming the latest country to deepen its integration with Beijing’s financial system as one of its biggest commercial banks prepares to join China’s Cross-Border Interbank Payment System (CIPS). Angola’s Banco de Fomento Angola plans to become the…
SpaceX’s Starlink has officially launched commercial satellite internet services in Seychelles, extending its footprint to 28 African countries in a move that signals the company’s strategy is evolving beyond connecting underserved communities to competing in more mature broadband markets. Starlink has launched commercial satellite internet services in Seychelles, expanding its footprint to 28 African countries.…
Microsoft co-founder and philanthropist Bill Gates has recently advised that African leaders urgently need to invest in human capital and technology as foreign aid to the continent decreases. Bill Gates urges African leaders to invest in human capital and technology as foreign aid to Africa declines. African governments face increased financial pressure and must reconsider…
Taifa Gas, the cooking gas company controlled by Tanzanian billionaire Rostam Aziz, is nearing the completion of a $124 million terminal in Mombasa aimed at breaking the duopoly controlling Kenya’s cooking gas imports. Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, is finalizing a $124 million LPG terminal in Mombasa. The 30,000-tonne facility, with expansion…
A major battle over the cost of blockbuster diabetes and weight-loss drugs is unfolding in Africa as South Africa reviews 12 applications for generic versions of semaglutide, the active ingredient in Novo Nordisk’s Ozempic and Wegovy. South Africa’s health regulator is reviewing 12 applications for generic versions of semaglutide, the ingredient in Ozempic and Wegovy.…
