Friday, June 5, 2026
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Finance

African Business & Economy

Fayose Meets Olubadan Amidst Rising Political Tensions in Oyo State

Sagoh -
Former Ekiti State Governor, Ayodele Fayose, engaged in a significant closed-door meeting with the Olubadan of Ibadan, Oba Rashidi Ladoja, on Tuesday, April 14, 2026. The meeting, which lasted approximately 30 minutes, occurred against a backdrop of escalating political...
African Business & Economy

Zimbabwe’s Lithium Export Ban Cracks as China Secures Special Quotas, Highlighting Beijing’s Dominance

Neng Nana -
Zimbabwe's recent, stringent suspension of lithium concentrate exports, a move intended to curb revenue leakage and boost domestic processing, is already showing signs of significant compromise. Chinese firms, deeply entrenched in the African nation's burgeoning critical minerals sector, have...
African Business & Economy

MTN Group Sells Guinea-Bissau Subsidiary to Telecel Amid Strategic Divestment and Financial Restructuring

Asro -
MTN Group, Africa's telecommunications behemoth, has officially completed the divestment of its Guinea-Bissau subsidiary to Mexico-based Telecel, following the receipt of crucial regulatory approvals. This strategic move marks a significant step in MTN's broader strategy to exit smaller, less...
African Business & Economy

Nigeria’s SMEs Stuck in Survival Mode as Rising Costs Squeeze Profits

Asro -
A stark reality is unfolding within Nigeria's vital Micro, Small, and Medium-sized Enterprises (MSMEs) sector, as a significant majority grapple with meager daily profits and struggle to break free from a survivalist mode. According to the comprehensive "2025 Informal...
Technology & Startups (Africa)

Brand Finance Nigeria 25 2026 Report Highlights 14 Percent Growth in Collective Brand Value as Banking Sector Maintains Dominance

Nila Kartika Wati -
The Nigerian business landscape has demonstrated remarkable resilience over the past year, as evidenced by a 14% increase in the collective brand value of the country’s top 25 brands, reaching a total of NGN 5.01 trillion. This growth, detailed...
African Business & Economy

Delair Establishes African Headquarters in Rabat, Signaling Morocco’s Ascendancy as a Defense Technology Hub

Suro Senen -
French drone manufacturer Delair has announced a significant expansion into the African continent, establishing its regional headquarters in Rabat, Morocco. This strategic move, which includes the launch of a new subsidiary named Delair Africa, underscores the company's commitment to...
African Business & Economy

Nigeria Unveils Ambitious 20-Year Civil Aviation Master Plan to Revolutionize Air Travel

Rifan Muazin -
Nigeria has officially received a comprehensive 20-year Civil Aviation Master Plan (CAMP), spanning from 2025 to 2045, from the International Civil Aviation Organization (ICAO). This landmark document is poised to serve as the guiding blueprint for a profound transformation...
African Business & Economy

Abia State Police Command Neutralizes Three Kidnappers, Arrests Nine in Intensive Two-Week Crime Crackdown

Neng Nana -
The Abia State Police Command has reported significant successes in its ongoing campaign against criminal elements within the state, announcing the neutralization of three fleeing kidnappers and the arrest of nine other individuals involved in various criminal activities between...
African Business & Economy

A Russian Plan to Resettle South African Afrikaner Farmers Sparks Geopolitical Tensions

Azzam Bilal Chamdy -
A proposal to resettle South African farmers in Russia has emerged as a new geopolitical flashpoint, with Errol Musk, father of tech magnate Elon Musk, confirming his involvement in a project aimed at securing refugee status for Afrikaners, a...
African Business & Economy

Shell Poised to Exit South African Downstream Market in $1 Billion Deal with ADNOC

Nila Kartika Wati -
South Africa's energy landscape is on the cusp of a significant transformation as British oil giant Shell enters advanced negotiations to divest its downstream assets in the country to the Abu Dhabi National Oil Company (ADNOC). This potential multibillion-dollar...
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Latest News

Global Headline NewsAzzam Bilal Chamdy -

United States and Iran Signal Tentative Progress Toward Framework Agreement Amidst Global Pressure to De-escalate Regional Conflict

The United States and Iran signaled a cautious but significant step forward on Saturday, indicating progress toward a framework...
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