Shoprite Holdings Ltd. is doubling down on its core food business while expanding into specialist clothing, baby, outdoor and pet stores. Shoprite Holdings Ltd. focuses on enhancing its food business while diversifying into specialised retail sectors. The retailer achieved a gross margin increase to 24.3% for the fiscal year, exceeding analysts’ expectations. Trading profit rose…
African students pursuing higher education abroad are facing increasing scrutiny from both the United States and the United Kingdom, highlighting a growing tension between mobility opportunities and strict visa enforcement policies. African students pursuing education abroad face increased scrutiny from US and UK immigration authorities. The UK Home Office launched campaigns warning about student visa…
South African businesses are starting to feel the full force of US tariffs, with manufacturers warning of earnings hits, surveys showing sentiment sliding back into contraction, and policymakers scrambling to preserve ties with one of the country’s top trading partners. South African businesses are experiencing significant impacts from newly imposed US tariffs. The 30% tariff,…
Western Balkans criminal groups, among Europe’s most powerful cocaine traffickers, are embedding themselves in West Africa. Western Balkans criminal groups are dominating cocaine trafficking in Europe. Their influence in West Africa is growing due to increased importance as a transit region. Countries like Senegal and Guinea-Bissau are now key smuggling hubs. Enhanced cross-border cooperation is…
According to current figures, the Dangote Oil Refinery, in recent months, has seen a significant uptick in the volume of refined products exported, primarily to the Middle East. The Dangote Petroleum Refinery has increased its refined product exports, capitalizing on Middle East refinery downtimes. Large refineries in the Middle East, such as Saudi Aramco’s, have…
The United Kingdom has unveiled a £5 million partnership with the Alliance for a Green Revolution in Africa (AGRA) to enhance agricultural trade and strengthen food systems across the continent. The UK announced a £5 million collaboration with AGRA to improve agricultural trade and food systems in Africa. The initiative, unveiled during the Africa Food…
Angola’s long-awaited Cabinda oil refinery, the first built since the country gained independence nearly five decades ago, will begin producing fuel before the end of 2025. Angola’s first Cabinda oil refinery is set to start fuel production by late 2025. This facility aims to reduce reliance on imported fuel and the impact of phasing out…
South Africa’s Harmony Gold has advanced its international expansion plans with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. Harmony Gold, a leading South African gold producer, is pursuing international expansion by acquiring Australia’s MAC Copper for $1.08 billion. Existing shareholders of MAC Copper have approved the deal, bringing it closer to…
Communities in Zambia impacted by a major chemical leak in February this year are asking for a combined $420 million in compensation from the Chinese state-owned firm that caused the tragedy. Victims in Zambia are seeking $420 million in compensation from a Chinese state-owned company following a chemical leak. Two legal groups have issued claims…
