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…
A recent report revealed that Egypt has officially condemned a series of airstrikes targeting multiple regions across Saudi Arabia. Egypt expressed full solidarity with Saudi Arabia, emphasizing their strategic alliance. Egypt condemned recent aerial strikes on several Saudi Arabian cities. The attacks, carried out with missiles and drones, injured dozens of civilians, including women and…
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…
The United States has formally expressed its intent to actively participate in the development of Kenya’s critical mineral sector. The United States has declared its intention to actively assist Kenya in developing its critical mineral sector, aiming to enhance its presence in Africa over China. Kenya is currently reviewing bids for the Mrima Hill deposit,…
Egypt is moving forward with plans to build its largest-scale AI data center using tech from the world’s most valuable company, NVIDIA. Egypt is planning to build its largest AI data center using NVIDIA technology, valued at $200 million initially. The facility will have a 20-megawatt capacity and is being developed by Vodafone Business, Elsewedy…
Africa’s biggest oil refinery has cut its debt by $570 million as it increased production and sales ahead of its planned initial public offering, which could become the continent’s largest share offering. Africa’s largest oil refinery, Dangote Petroleum Refinery, has slashed its debt by $570 million while ramping up both production and sales ahead of…
Egypt and the UAE are taking major steps to deepen their economic relationship through a new investment push focused on logistics and digital financial services. Egypt and the UAE are deepening economic ties through an investment drive in logistics and digital financial services. Key discussions focused on expanding maritime logistics and upgrading port infrastructure, particularly…
