NEWS

China calls one of the two largest economies in Africa, the continent’s most dynamic market, as billions in investments flow in

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Due to Ethiopia’s initiatives facilitating foreign investment entry, Chen Hai, the Chinese Ambassador to the East African nation, recently characterized the country as Africa’s most dynamic market. Ethiopia has been recognized by the Chinese Ambassador as Africa’s most dynamic market due to its initiatives to ease foreign investment and trade. China has enhanced trade cooperation…

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Mali initiates high-stakes Putin phone call as Russia reaffirms security partnership amid Sahel militant pressure

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Mali’s military government is deepening its strategic ties with Russia despite years of pressure from Western governments, deteriorating relations with France and the collapse of its former Western-backed security partnerships. Mali is deepening its strategic ties with Russia as its relations with Western governments and France have deteriorated. A recent high-level call between Mali’s interim…

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US oil giant discovers new oil and gas offshore Angola as Africa’s second largest oil producer seeks to revive output

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Chevron has discovered oil and gas condensate at an exploration well offshore Angola, strengthening the US energy major’s push to expand production in sub-Saharan Africa through infrastructure-led exploration. Chevron has discovered significant oil and gas condensate at the 105-4X exploration well in Block 0 offshore Angola, with over 600 metres of oil and gas condensate…

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Russia says it will sign security deal with ECOWAS as it offers to bridge Sahel divide

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Russia says it is preparing to sign a security cooperation agreement with the Economic Community of West African States, potentially extending Moscow’s influence from its military partners in the Sahel to the region’s main political and economic bloc. Russia says it plans to sign a cooperation agreement with ECOWAS covering regional security. Moscow has also…

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Africa’s largest private asset manager takes 5% stake in billionaire Johann Rupert’s investment empire as assets hit £171.8 billion

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Ninety One, Africa’s largest independent private asset manager, has acquired more than 5% of Remgro, the investment company controlled by billionaire Johann Rupert and his family, strengthening its position as a major shareholder in one of South Africa’s largest investment groups. Ninety One has acquired over 5% of Remgro’s shares, strengthening its position as a…

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Kenya regulator seeks $115 million reserve before approving Diageo’s EABL sale to Japan’s beverage giant

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Kenya’s competition regulator has proposed that East African Breweries Ltd. set aside up to 15 billion Kenyan shillings ($115 million) in reserve funds before approving Diageo’s planned sale of its majority stake in the brewer to Japan’s Asahi Group Holdings. Kenya’s competition authority wants East African Breweries Ltd. to set aside up to 15 billion…

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