Ethiopia is setting its sights on becoming a regional construction powerhouse, unveiling an ambitious plan to increase the share of domestic contractors capable of competing for international projects from 33% to 80% over the next decade. Ethiopia plans to increase domestic contractors’ share in international project bids from 33% to 80% within ten years. The…
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South Africa has resumed large-scale maize exports as the country moves closer to what could become the biggest maize harvest in its history, a development that could strengthen food security and grain supplies across parts of Africa. South Africa has resumed large-scale maize exports amid forecasts of its biggest-ever harvest. The expected 17.064 million-tonne crop…
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Art and culture are becoming some of the biggest drivers of tourism, identity, and global influence for cities worldwide. From world-class museums and contemporary art fairs to music festivals and creative districts, African cities are increasingly competing not just on economic strength but on cultural appeal. Cape Town, Marrakech, and Cairo have been named among…
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A $4 billion Chinese deal targeting a gold mining company in Mali is facing growing uncertainty as regulators in Beijing raise concerns over valuation and geopolitical risk. Chinese regulators are questioning a $4 billion acquisition of Mali-based gold miner Allied Gold by Zijin Gold International due to concerns over valuation and political risk. China’s National…
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At a time when parts of the global luxury industry are grappling with weaker demand in China and cautious consumer spending, the company behind Cartier is moving in the opposite direction. Richemont is approaching a $123 billion valuation after more than doubling in value over the past five years. The Cartier owner is outperforming parts…
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Spiro, widely regarded as Africa’s largest electric mobility company, has raised $215 million in a new investment round as it accelerates its expansion across the continent and moves closer to unicorn status. Spiro, Africa’s largest electric mobility company, has raised $215 million in new funding, bringing it closer to unicorn status. The investment will help…
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