The United States has launched an airstrike in Somalia, targeting ISIS, the same terrorist group the U.S launched an offensive on in Nigeria. The United States, under President Donald Trump, has conducted airstrikes targeting ISIS militants in Nigeria and Somalia. On Christmas Day, a targeted attack occurred in northwest Nigeria aimed at Islamic State members…
Mali has moved to tighten its grip on the mining supply chain by taking a 51% controlling stake in a new industrial explosives company partnered with China’s Auxin Chemical Technology. Mali has taken a 51% ownership stake in a new explosives company in partnership with China’s Auxin Chemical Technology. The venture aims to establish local…
In a historic leap for the creator economy, Khaby Lame, the Senegal-born social media star whose wordless TikTok videos made him a household name, has transformed viral fame into one of the largest business deals ever seen from an individual content creator. Khaby Lame has secured a $900 million acquisition deal with U.S.-listed Rich Sparkle…
Libya, Africa’s largest holder of proven oil reserves, has secured a $20 billion investment from US and French energy giants in a landmark 25-year agreement aimed at reviving its oil sector and potentially positioning the country as Africa’s top oil producer. Libya has signed a 25-year landmark oil investment deal worth $20 billion with US…
Kenya’s East African Portland Cement (EAPC) is set for a transformative expansion after its majority shareholder committed $200 million (Sh25.8 billion) to modernise and scale up operations. Kenya’s East African Portland Cement (EAPC) plans a major expansion backed by a $200 million investment This funding aims to increase annual cement production from 1.3 million to…
Oranto Petroleum, founded by Nigerian multi-millionaire Arthur Eze, has challenged claims by the Senegalese government that it failed to meet obligations on the Cayar and St Louis offshore exploration licences, calling the narrative “unfair, unjustified and targeted.” Oranto Petroleum, a Nigerian oil and gas company, disputes Senegalese government claims regarding unmet obligations on offshore exploration…
Nigeria has awarded its first-ever floating solar power project to China Civil Engineering Construction Corporation (CCECC), marking a major step in the country’s renewable energy transition. Nigeria has launched its first floating solar power project, a 7-megawatt facility, through an award given to the China Civil Engineering Construction Corporation (CCECC). The solar installation will provide…
As the new year begins, African countries with limited exposure to International Monetary Fund (IMF) debt have a subtle but significant advantage. African countries with limited exposure to IMF debt hold a strategic advantage due to enhanced financial flexibility. Minimal IMF debt provides policy autonomy, enabling governments to address local economic challenges effectively. Low reliance…
A new artificial intelligence-driven health initiative backed by the Gates Foundation and OpenAI has triggered intense debate across Africa, underscoring long-standing trust issues that continue to shape public reactions to foreign-funded health interventions. The Gates Foundation and OpenAI have launched a $50 million AI-driven health partnership targeting African healthcare systems. Rwanda will serve as the…
