A South African tech billionaire is expanding into the insurance sector after the country’s competition watchdog recommended approval of a transaction that will give him an interest in King Price. South African tech billionaire Zak Calisto is moving into insurance after regulators backed his planned stake in King Price. The Competition Commission recommended that the…
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The United States has lifted sanctions imposed in July 2023 on three senior Malian officials over their links to Russia’s Wagner mercenary group, in a move that signals a diplomatic reset with the military-led governments of the Sahel. The United States has lifted sanctions on three senior Malian officials previously targeted for their links to…
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The world’s largest premium aluminium producer, Emirates Global Aluminium, reported stronger core earnings for 2025 after record metal sales offset a major financial hit tied to its Guinea operations. Emirates Global Aluminium (EGA) posted stronger core profits in 2025 despite losing a key bauxite concession in Guinea. Record aluminium sales and higher realised prices drove…
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The European Investment Bank Group has delivered one of its strongest years yet on the continent, deploying €3.1 billion to Africa in 2025 as part of a wider €9 billion package channelled through its development arm, EIB Global. The European Investment Bank Group invested €3.1 billion in Africa in 2025, focusing on SMEs, clean energy,…
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Africa’s leading online retailer, Jumia, is positioning itself to capitalize on renewed consumer spending in Nigeria, unveiling an ambitious growth campaign to deepen the country’s adoption of digital commerce amid rising competition from global rivals. Jumia is ramping up its growth strategy in Nigeria, betting on a rebound in consumer spending. The company’s new “Just…
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The United States has expanded the use of third-country deportations to several African countries, a policy shift that is drawing scrutiny over its financial cost and oversight mechanisms, according to a report by Democrats on the Senate Foreign Relations Committee. African participation varies, with decisions driven by financial, strategic, or diplomatic interests, while U.S.-Africa migration…
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