South African retail giant Mr Price is set to make its European debut with the acquisition of German value retailer NKD Group GmbH in a deal worth $570 million. South African retail giant Mr Price plans to acquire German-based retailer NKD Group GmbH for up to $570 million. The acquisition aims to expand Mr Price’s…
Russia’s growing influence in Africa, encompassing military, economic, and social cooperation, shows no signs of slowing down, a trend underscored by an Egyptian official’s assessment that the Russian language may soon gain broader adoption within his nation. Egyptian universities plan to increase Russian language studies nationwide as part of their curricula. Currently, 12 universities in…
After a record-breaking 2025, Nigerian industrialist Abdulsamad Rabiu not only climbed the African billionaire rankings but also treated himself to the ultra-luxurious Bombardier Global 8000 aircraft. Abdulsamad Rabiu, a Nigerian industrialist, has significantly expanded his wealth to $8.5 billion in 2025, becoming the fourth richest in Africa. He purchased the Bombardier Global 8000, the fastest…
Low purchasing power has come to be seen as one of the most fundamental and destabilizing issues confronting several African cities. Low purchasing power is a growing issue in African cities, driven by inflation and currency depreciation. Governments employ subsidies and emergency borrowing, but these attempts often fail to address fundamental economic weaknesses. Economic stagnation…
France provided intelligence and logistical assistance to Benin to help foil Sunday’s coup attempt. France aided Benin in foiling a coup attempt with intelligence and logistical support. Benin successfully thwarted a mutiny on Sunday, as announced by its President. Collaboration included Nigeria providing military support at Benin’s request. The situation highlights democratic challenges in West…
The chief executive of South Africa’s retail giant, Woolworths, sold roughly R36.85 million (about $2.16 million) in company stock on 5 December 2025, a move that comes as the firm faces growing scrutiny over executive remuneration. Woolworths CEO Roy Bagattini has sold shares worth about R36.85 million, adding pressure to an already heated debate over…
A C-130 aircraft transporting 11 Nigerian servicemen is reportedly being detained in Burkina Faso following accusations of airspace violation. A Nigerian military aircraft, carrying 11 personnel, is detained in Burkina Faso for alleged airspace violation. Burkina Faso, a member of the Alliance of Sahel States, claims the aircraft’s presence was an unfriendly act that breached…
The problems of high rent and soaring rent indices have grown more apparent in African cities as 2025 draws to a close. Housing expenses dominate budgets for urban dwellers, affecting financial and social dynamics. High rents impact mobility as people choose distant housing, influencing commute costs and productivity. Businesses face challenges due to commercial rent…
Bolttech, a Singaporean insurance tech firm, has acquired Kenyan digital insurance platform mTek in a deal that marks a significant push into Africa’s fast-growing protection market. Bolttech has acquired the Kenyan insurtech platform mTek as part of a broader strategy to deepen its presence in Africa. The deal positions Nairobi as a key regional hub…
