Category Archives: Performance

Africa has emerged as one of Diageo’s strongest-performing regions just as the British drinks giant prepares to relinquish direct ownership of its remaining beer business on the continent. Diageo’s Africa operating profit surged 43.5%, making it the company’s fastest-growing major region. Organic sales rose 13.3%, despite the group’s global sales declining 2%. The growth comes…

A new NATO-like defence alliance between Saudi Arabia, Pakistan and Turkey has revived attention on Pakistani arms deals worth more than $5 billion with Sudan and Libya, which Saudi Arabia had earlier moved to halt in the wake of the US-Iran war. Saudi Arabia, Pakistan, and Turkey signed the Mecca Joint Defence Agreement, declaring collective…

A possible new gold discovery stretching six kilometres has emerged in Namibia, with a Canadian-listed miner preparing its first major drilling campaign after fresh exploration results strengthened evidence of a substantial mineralised system beneath the surface. Namibia’s Ongwe Minerals has identified a six-kilometre gold anomaly at its Nguni prospect. The company plans a 5,000-metre drilling…

A Senegalese court has sentenced three TikTok influencers to prison for insulting President Bassirou Diomaye Faye, putting the country’s increasingly influential online political space under scrutiny at a time of heightened tensions within its ruling establishment. Senegal has jailed three TikTok influencers for insulting President Bassirou Diomaye Faye. The case comes as Faye’s relationship with…

Italy and France have officially joined a growing list of international backers for Africa’s sustainable development by pledging a combined $50 million in new funding. Italy and France pledged a combined $50 million to support Africa’s sustainable development initiatives. The funding will go to the Alliance for Green Infrastructure in Africa’s Project Development Fund, managed…

In a major addition to Nigeria’s maritime industry, the world’s largest shipping line, Mediterranean Shipping Company (MSC), has officially launched a new weekly service to Lekki Port. Mediterranean Shipping Company (MSC) has launched a weekly shipping service to Nigeria’s Lekki Port. The service uses a feeder system, routing cargo through Lomé, Togo before reaching Nigerian…

A long-running dispute over one of Abuja’s biggest real estate developments has moved beyond Nigeria’s borders, with Ghanaian businessman Sir Sam Jonah’s company taking the Nigerian government to international arbitration in Paris. A major dispute over the River Park Estate development in Abuja has led to international arbitration in Paris. The project, planned to include…

Chinese-owned mining companies in the Democratic Republic of Congo have rejected claims that their cobalt contains excessive uranium after Kinshasa banned exports of copper and cobalt concentrates to promote local processing. Chinese mining companies in the DRC rejected allegations that their cobalt products contain excessive uranium, calling these claims unfounded. The companies’ response follows a…

The global aviation industry is on the verge of a significant change as a $3 billion investment prepares to turn a native Brazilian fruit into high-performance jet fuel. A $3 billion investment is set to turn Brazil’s macauba palm into a plant-based jet fuel, aiming to revolutionize global aviation fuel. Macauba outperforms traditional crops like…